2024-2033 Subcutaneous Immunoglobulin (SCIG) Market Outlook: Unlocking Growth Potential
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What is the Expected Growth Rate of the Subcutaneous Immunoglobulin (SCIG) Market from 2024 to 2033?
The subcutaneous immunoglobulin market has experienced rapid growth, anticipated to grow from $11.19 billion in 2023 to $12.72 billion in 2024 at a CAGR of 13.7%. Factors contributing to this growth include the rising prevalence of immunodeficiency disorders, patient preference for home care, and improved reimbursement policies.
The subcutaneous immunoglobulin market is projected to grow to $21.38 billion by 2028 at a CAGR of 13.9%. Growth is attributed to the increasing prevalence of neurological disorders, acceptance of immunoglobulin therapy, and expanding healthcare facilities. Trends include advancements in drug delivery systems and developments in antibody therapy.
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What Key Factors Are Fueling the Growth of the Subcutaneous Immunoglobulin (SCIG) Market?
The prevalence of secondary immunodeficiency diseases is expected to drive the growth of the subcutaneous immunoglobulin market. These conditions arise from compromised immune systems due to factors like aging and immunosuppressive treatments. Subcutaneous immunoglobulin therapy helps strengthen weakened immune systems, especially in chronic conditions. The UK Health Security Agency reported in October 2023 that there were 3,805 new HIV diagnoses in England in 2022, a 22% rise from the previous year. Thus, the increase in secondary immunodeficiency diseases is driving the subcutaneous immunoglobulin market.
What Are the Major Segments of the Subcutaneous Immunoglobulin (SCIG) Market?
1) By Product Type: Immunoglobulin A (IgA), Immunoglobulin G (IgG), Immunoglobulin M (IgM)
2) By Application: Primary Immunodeficiency Disorders, Autoimmune Diseases, Neurological Disorders, Other Applications
3) By End-Use: Clinics, Hospitals, Homecare, Other End-Uses
What New Trends Are Transforming the Subcutaneous Immunoglobulin (SCIG) Market?
Companies are focusing on unique formulations like subcutaneous human-klhw to bolster immune system treatments. For instance, in March 2022, Grifols S.A. launched XEMBIFY 20% subcutaneous immunoglobulin, aimed at treating primary immunodeficiency. This ready-to-use formulation simplifies treatment and is stable at room temperature for up to 24 months.
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Which Regions Are Driving Growth in the Subcutaneous Immunoglobulin (SCIG) Market?
North America was the largest region in the subcutaneous immunoglobulin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the subcutaneous immunoglobulin (SCIG) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Subcutaneous Immunoglobulin (SCIG) Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the subcutaneous immunoglobulin (scig) market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Subcutaneous Immunoglobulin (SCIG) Market Include
1. Subcutaneous Immunoglobulin (SCIG) Market Executive Summary
2. Subcutaneous Immunoglobulin (SCIG) Market Segments
3. Subcutaneous Immunoglobulin (SCIG) Market Size And Template Market Growth Rate
4. Key Subcutaneous Immunoglobulin (SCIG) Market Trends
5. Major Subcutaneous Immunoglobulin (SCIG) Market Drivers
……
25. Key Mergers And Acquisitions In The Subcutaneous Immunoglobulin (SCIG) Market
26. Top Subcutaneous Immunoglobulin (SCIG) Companies
27. Subcutaneous Immunoglobulin (SCIG) Market Opportunities And Strategies
28. Subcutaneous Immunoglobulin (SCIG) Market, Conclusions And Recommendations
29. Appendix
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