SEATTLE, April 23, 2020 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global human immunoglobulin (pH4) for intravenous injection (COVID-19) market is estimated to be valued at US$ 43,205.8 million in 2020, and is expected to exhibit a CAGR of 12.7% during the forecast period (2020-2027).
Key Trends:
Key trends in the market include viral disease outbreaks, the increasing prevalence of chronic lymphocytic leukemia, and demand for immune globulin products in the market.
According to the American Cancer Society around 60,530 new cases of leukemia will be diagnosed in the U.S in 2020 out of which 21,040 new cases will be of chronic lymphocytic leukemia (CLL).
Similarly, according to the Cancer Research UK, around 3,500 new cases of chronic lymphocytic leukemia (CLL) were diagnosed in the U.K in 2017.
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Moreover, the growing demand for immune globulin (IG) products is expected to drive the human immunoglobulin (ph4) for intravenous injection (COVID-19) market growth. For instance, on August 12, 2019, the U.S. Food and Drug Administration (FDA) confirmed that demand for immune globulin products has increased in recent years and there is a shortage of Immune Globulin (Subcutaneous) (IGSC) and Immune Globulin (Intravenous) (IGIV) products in the U.S. The U.S. Food and Drug Administration is working closely with manufacturers such as Asceniv, Bivigam, Octagam, Panzyga, Privigen and others of various immune globulin (intravenous) (IGIV) products to help mitigate the supply situation for IG products.
Key Market Takeaways:
- The global human immunoglobulin (pH4) for intravenous injection (COVID-19) market is expected to exhibit a CAGR of 12.7% during the forecast period owing to disease outbreaks such as coronavirus and the increasing prevalence of chronic lymphocytic leukemia. According to the World Health Organization, the number of people infected with coronavirus reached around 165,155 on April 16, 2020, in Italy.
- North America is expected to hold the largest share in the global market owing to presence of key players in the region such as Baxter International Inc., and the increasing incidence of coronavirus disease. According to the World Health Organization, around 604,070 cases of coronavirus disease (COVID-19) were reported on April 16, 2020, in the U.S.
Key players operating in market are —
Takeda Pharmaceutical Company Limited, Baxter International Inc., CSL Behring, Bayer AG, Grifols, S.A., Octapharma AG, Shanghai RAAS Blood Products Co., Ltd., Hualan Biological Engineering Inc., China Biologic Products, Inc., Sichuan Yuanda Shuyang Pharmaceutical Co., Ltd., Boya Bio-Pharmaceutical Group Co., Ltd., ADMA Biologics, Inc., and Sinopharm Group Co., Ltd.
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Market Segmentation:
- Global Human Immunoglobulin (pH4) for Intravenous Injection (COVID-19) Market, By Type:
- IgG
- IgA
- IgM
- Global Human Immunoglobulin (pH4) for Intravenous Injection (COVID-19) Market, By Disease Indication:
- COVID-19
- Primary Immunodeficiency Disease
- Immune-mediated Thrombocytopenia
- Kawasaki Disease
- B Chronic lymphocytic Leukemia(B-CLL)
- Others
- Global Human Immunoglobulin (pH4) for Intravenous Injection (COVID-19) Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Global Human Immunoglobulin (pH4) for Intravenous Injection (COVID-19) Market, By Region:
- North America
- By Country:
- U.S.
- Canada
- By Country:
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country:
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country:
- Asia Pacific
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country:
- Middle East
- By Country:
- GCC
- Israel
- Rest of Middle East
- By Country:
- Africa
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- By Country/Region:
- North America
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