Hyperimmune Globulins Market Size, Share, Growth, and Industry Analysis, By Type (Hepatitis B Immunoglobulins, Rabies Immunoglobulins, Tetanus Immunoglobulins, Rho(D) Immunoglobulins and Others), By Application (Government Institutions, Private Sector and Others) Regional Forecast To 2031

Updated On: 22 April 2024

Hyperimmune Globulins Market Report Overview

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The global hyperimmune globulins market size was expected to be USD 1693 million in 2021 & the market is projected to touch USD 3348 million by 2031, exhibiting a CAGR of 7.0% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Hyper-immune globulins are specialised blood products with high concentrations of specific antibodies directed against a specific infection or toxin. These antibodies are derived from the blood plasma of people who have recovered from a specific infection or who have been immunised against a specific disease.

Hyper-immune globulins are used for passive immunisation and treatment of a variety of infectious disorders, particularly those caused by viruses or bacteria that have few therapeutic choices. They are given to people who are at high risk of acquiring severe forms of the disease or consequences, such as immunocompromised people or people with particular medical disorders. The efficacy and safety of hyper-immune globulins are crucial to market expansion. Clinical trials and real-world investigations help to create trust in their therapeutic advantages and low side effects.

COVID-19 Impact: The COVID-19 Havocked Emergency Treatment where the Product Came in Action and Up-scaled the Market Demand

Hyper-immune globulins, mainly convalescent plasma, drew interest as a potential COVID-19 treatment, particularly in the early phases of the pandemic. Convalescent plasma therapy entails collecting plasma from people who have recovered from COVID-19 and have established antibodies against the virus. This plasma, which is rich in antibodies, can subsequently be transfused into COVID-19 patients. Several clinical trials were carried out to examine the safety and efficacy of COVID-19 convalescent plasma treatment. The findings were inconsistent, with some studies indicating possible benefits in specific patient populations while others reported just minor or no change. Many nations, including the United States, issued emergency use authorizations allowing the use of convalescent plasma to treat severe COVID-19 patients. This enabled it to be used by healthcare practitioners outside of official clinical studies.

LATEST TRENDS

"Virtual Clinical Trials and Advancements in Manufacturing Technology to Advance Up the Market Share"

The pandemic of COVID-19 hastened the implementation of virtual and decentralised clinical trial approaches. This tendency may have extended to the development and testing of hyper-immune globulins, allowing for more flexible and accessible clinical trials. Manufacturing technology developments may have streamlined the production process of hyper-immune globulins, thereby boosting output and lowering production costs. Biotechnology advancements and a better understanding of individual immune responses may result in the development of personalised globulins customised to specific patient profiles or genetic traits. therapeutic developments may increase the accessibility and affordability of therapeutic medicines. The combination of data analytics and artificial intelligence could be used to analyse big datasets in order to find possible donors with optimal antibody responses and to forecast disease outbreaks when hyper-immune globulins may be useful.

Hyperimmune Globulins Market Segmentation

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By Type

Based on type; the hyperimmune globulins market is divided into Hepatitis B Immunoglobulins, Rabies Immunoglobulins, Tetanus Immunoglobulins, Rho(D) Immunoglobulins and others.

Rho(D) Immunoglobulins is the leading part of the type segment.

By Application

Based on the application; the hyperimmune globulins market is divided into government institutions, private sector and others.

Government institutions is the leading part of the application segment.

DRIVING FACTORS

"Rising Prevalence of Chronic Diseases to Uplift the Market Demand"

The demand for hyperimmune globulins is closely related to the occurrence of disorders for which they are suggested. If a specific disease becomes more common, or if outbreaks occur, the demand for hyperimmune globulins that target those diseases may rise. The increasing number of persons suffering from chronic diseases such as hepatitis B, rabies, and tetanus is attributed to the expansion of this industry. Hyperimmune globulins are used to treat and prevent certain disorders. The growing prevalence of chronic diseases such as cancer and diabetes is propelling the Hyperimmune Globulins market forward.

"The Increasing Awareness and Public Health Concerns to Drive the Market Growth"

Pandemics, for example, can raise demand for hyperimmune globulins, particularly if they are found as potential therapies or preventive measures for developing infectious diseases. Growing awareness of immunoglobulin therapy for a variety of ailments such as primary immunodeficiency, autoimmune disorders, and chronic inflammatory diseases is further propelling this market forward.

RESTRAINING FACTORS

"The Regulatory Hurdles and the High Cost Associated to Restrain the Market Growth"

Obtaining regulatory approval for hyperimmune globulins can be a time-consuming and labor-intensive process. Each formulation must go through clinical studies to prove its safety and efficacy for the intended indication. Regulatory authorities may have different approval requirements and standards. Hyperimmune globulin synthesis and purification are sophisticated and costly operations. This increases production costs, which can lead to higher prices for certain therapies. The cost can be a barrier for both patients and healthcare systems, limiting access. Hyperimmune globulins often have a short shelf life, necessitating careful inventory and distribution management to avoid waste. As a result, the high cost associated with the therapy, as well as the regulatory hurdle, is a major limitation on hyperimmune globulins market growth.

Hyperimmune Globulins Market Regional Insights

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"North American Region to Lead the Market with Prevalence of Diseases and Rising Awareness About Health Concerns "

In terms of revenue share, North America dominated the hyperimmune globulins market share in 2020. Due to factors such favourable reimbursement regulations, the presence of cutting-edge healthcare infrastructure, and the high adoption rate, the area is expected to maintain its dominance over the projection period. The high prevalence of chronic diseases including hepatitis B, rabies, and tetanus, as well as other factors like high healthcare expenditure per capita and the availability of advanced healthcare infrastructure services. Because of its enormous population base, the region is likewise predicted to increase significantly during the forecast period. Furthermore, the availability and accessibility of hyper-immune globulins are determined by regional healthcare infrastructure. Better distribution networks for specialised therapies may exist in developed healthcare systems. There may be numerous producers producing identical items in the market. Pricing strategy and product innovation can be influenced by competition.

KEY INDUSTRY PLAYERS

Key Industry Players to Promote the Market Expansion

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market.

List of Market Players Profiled

• CSL Behring (Australia)
• Grifols (Spain)
• Biotest (Germany)
• Kedrion (U.S.A)
• Emergent (Cangene)  (U.S.A)
• Kamada (Israel)
• CNBG (China)
• Hualan Bio (China)
• Shanghai RAAS (China)
• Sichuan Yuanda Shuyang (China)
• ADMA Biologics (India).

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.