Europe Immunoglobulin Market 2022-2028
MARKET OUTLOOK
A study on the immunoglobulin market in Europe by Triton Market Research estimates that it would grow with a 6.81% CAGR over the forecasting years between 2022 and 2028. Italy, France, the United Kingdom, Germany, Spain, and Rest of Europe are studied in the market in this region.
With the prevalence of various immunodeficiency diseases, the growth of the biotechnology sector, and government initiatives for immunoglobulin and plasma donations in the region, the market’s growth has been significantly higher. Furthermore, the development of different vaccines across the region is also expected to drive the studied market’s growth.
In France, the market growth is accelerated by the factors such as the growth in investments by market players and vaccine research & development activities by industry experts. For instance, in 2022, as part of its plan to invest $594 million in the country over the period of 5 years, Pfizer Inc announced it would add a production facility for the COVID-19 antiviral drug. Thus, such factors are expected to significantly impact the immunoglobulin market in the country during the forecasted period.
In the United Kingdom, the presence of primary immunodeficiencies, along with increased susceptibility to infection & malignancy, and immune autoimmunity dysregulation, have resulted in the need for immunoglobulin products for treatment. Furthermore, the government in the region has initiated support for adopting immunoglobulin. For example, in 2021, the government permitted people to donate plasma for medicines. Thus, the stated factors are expected to promote the region’s immunoglobulin market growth.
COMPETITIVE OUTLOOK
The dominant players in the immunoglobulin market include CSL Behring, Takeda Pharmaceutical Company Limited, Sanquin Plasma Products BV, Kamada Ltd, Sichuan Yuanda Shuyang Pharmaceutical Co Ltd, Pfizer Inc, Octapharma AG, and ADMA Biologics.
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