Asia-pacific Immunoglobulin Market 2022-2028
MARKET OUTLOOK
A study by Triton Market Research depicts that the immunoglobulin market in the Asia-Pacific would grow with a CAGR of 7.11% during the forecast period 2022-2028. Japan, India, Australia & New Zealand, ASEAN Countries, China, South Korea, and Rest of Asia-Pacific are studied in the market in this region.
A growing demand for immunoglobulin can be observed in China with the expansion of plasma collection and donation stations. For instance, the Health Commission of Yunnan Province proposed to set up 24 plasma collection centers across the province. Further, due to this expansion plan at Yunnan, new plasma stations are also expected to be free of restrictions, which will add to the growth of this market.
Additionally, the number of plasma collection stations in the country is expected to increase significantly in the coming years, owing to the increasing mergers and acquisitions among blood product companies. Thus, these factors are anticipated to bolster the growth of the immunoglobulin market in this region.
On the other hand, factors such as a rapid increase in the geriatric population, strategic initiatives by market players, and increasing research & development activities related to pharmaceuticals and antibodies are augmenting the demand for immunoglobulin in India. The top market players are increasingly involved in developing and launching new and innovative immunoglobulin products. For instance, Cipla launched Roche’s COVID antibody cocktail in India, treating mild to moderate symptoms in COVID-19 patients. Hence, such developments will foster the market’s growth.
COMPETITIVE OUTLOOK
The prominent companies in the immunoglobulin market are China Biologic Products Inc, Pfizer Inc, Sichuan Yuanda Shuyang Pharmaceutical Co Ltd, Octapharma AG, Takeda Pharmaceutical Company Limited, Biotest AG, ADMA Biologics, and Kamada Ltd.
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