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Growing Demand for Immunoglobulin Therapies to Boost the Growth of the Human Immunoglobulin (pH4) for Intravenous Injection Market

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Leena Shedmake
Growing Demand for Immunoglobulin Therapies to Boost the Growth of the Human Immunoglobulin (pH4) for Intravenous Injection Market

The global Human Immunoglobulin (pH4) for Intravenous Injection Market is estimated to be valued at US$ 61.6 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.



Market Overview:


Human Immunoglobulin (pH4) for Intravenous Injection is derived from human plasma pooled from thousands of healthy plasma donors. It contains antibodies against various antigens thereby providing passive and immediate immunization against various infectious agents. With growing incidences of neurological, immunological and hematological disorders where immunoglobulin therapies play a vital role, the demand for Human Immunoglobulin (pH4) for Intravenous Injection is increasing rapidly. The products offer lifelong immunity against certain infections and help strengthen the immune system of immunodeficient patients.



Market key trends:


One of the key trends in the Human Immunoglobulin (pH4) for Intravenous Injection market is the rising preference for subcutaneous immunoglobulin therapy. Subcutaneous immunoglobulin infusion takes less time as compared to intravenous immunoglobulin therapy and has lesser side effects. It maintains stable and adequate antibody levels in the body for a longer duration between doses. Researchers are also working on developing newer formulations and delivery methods such as lyophilized powder for subcutaneous immunoglobulin to provide higher convenience and compliance for patients.


Porter’s Analysis


Threat of new entrants: The regulatory barriers and requirements for setting up facilities to produce human immunoglobulin (pH4) for intravenous injection and getting product approvals pose high entry barriers for new players.

Bargaining power of buyers: The buyers have moderate bargaining power as there are many established players offering the product. However, the buyers cannot switch easily to alternative products due to regulations.

Bargaining power of suppliers: The suppliers have moderate bargaining power as raw material suppliers are few for this niche market and they have established relationships with key players.

Threat of new substitutes: There are limited product substitutes for human immunoglobulin (pH4) for intravenous injection due to its unique therapeutic properties.

Competitive rivalry: The competition is high among the key established global players in the market.



Key Takeaways


The Global Human Immunoglobulin (Ph4) For Intravenous Injection Market Demand is expected to witness high growth, exhibiting 12% CAGR over the forecast period 2023-2030, due to increasing prevalence of immunodeficiency and autoimmune diseases.


Regional analysis: North America is expected to dominate the global human immunoglobulin (pH4) for intravenous injection market over the forecast period owing to rising ageing population, increasing healthcare spending, and strong presence of key market players in the region. However, Asia Pacific is anticipated to exhibit the fastest growth during the forecast period due to growing patient pool, rising awareness about immunoglobulin therapy and increasing healthcare expenditure in emerging economies of China and India.


Key players operating in the human immunoglobulin (pH4) for intravenous injection market include Takeda Pharmaceutical Company Limited, Baxter, CSL, Bayer AG, Grifols, S.A, Octapharma Brasil Ltda, Shanghai RAAS Blood Products Co Ltd, Hualan Biological Engineering, Inc, Top Bio Group Co, Ltd (A subsidiary of China Biologic Products Holdings, Inc), China Resources Boya Bio-pharmaceutical Group Co Ltd, ADMA Biologics, Inc, Sinopharm Group Co. Ltd. Takeda Pharmaceutical Company Limited is one of the leading players offering wide range of human immunoglobulin products.

 

Read More - https://www.pressreleasebulletin.com/human-immunoglobulin-ph4-for-intravenous-injection-market-analysis-size-and-demand-forecast/

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