Intravenous Solutions Market Overview
The Intravenous Solutions Market was valued at 11,511.2 million in 2020 and is expected to register a CAGR of 7.69% during the forecast period of 2021 to 2028. After becoming dehydrated as a result of disease or excessive exertion, IV solutions are used to replenish electrolytes and electrolyte salts in the body. Using antibiotics, they play an important role in the treatment of infections. The efficacy of intravenous chemotherapy depends on IV solutions’ utility. Inflammatory disorders, on the other hand, are treated with medication and intravenous fluids. Patients in need of critical care are increasingly receiving IV anaesthetic, pain medicine, antibiotics, fluids, and other essential fluids, which is driving up demand for IV solutions.
the constantly growing elderly population with dysphagia, and the increasing incidence of infections are all driving intravenous solutions market expansion. There is a barrier to market expansion for Intravenous (IV) Solutions because of the increasing number of technical rules and policies that restrict entry to the market. The IV solutions market is developing as a result of factors such as the rising frequency of infection, the rapidly increasing prevalence of cancer, and the increasing adoption of intravenous solutions for colorectal cancer. The IV Solutions market’s growth is also being fueled by a rise in product debuts by prominent industry players. As a result, the market for intravenous (IV) solutions faces an uphill battle due to an increase in regulatory requirements.
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Intravenous Immunoglobulin (IVIg) Market Segmentation
The global intravenous immunoglobulin (IVIg) market has been segmented on the basis of type into IgA (sub segments- IgA1 and IgA2), IgG, IgD, and IgE.
On the basis of application, the global intravenous immunoglobulin (IVIg) market is segmented into hypogammaglobulinemia (sub segments- AGM1, AGM2, AGM3, AGM4, AGM5, AGM6), myasthenia gravis (Sub segments- generalized myasthenia gravis, ocular myasthenia gravis, congenital myasthenia gravis, transient neonatal myasthenia gravis), multifocal motor neuropathy, immunodeficiency diseases (sub segments- X-linked agammaglobulinemia (XLA), common variable immunodeficiency (CVID), severe combined immunodeficiency), CIDP (Progressive, Recurrent, Monophasic), primary humoral immunodeficiency (Subsegments- B cell (antibody) deficiencies, T cell deficiencies, combination B and T cell deficiencies, defective phagocytes, complement deficiencies, Unknown (idiopathic)), Guillain-Barré syndrome (sub segments – acute motor axonal neuropathy (AMAN), Miller Fisher syndrome (MFS), acute inflammatory demyelinating polyradiculoneuropathy (AIDP), and acute motor-sensory axonal neuropathy (AMSAN)), Kawasaki disease, ITP (Sub segments – acute and chronic), and others.
Intravenous Immunoglobulin (IVIg) Market Regional Analysis
Considering the global scenario of the market, North America is believed to be the largest market IVIg. This can be attributed to the large population, supportive healthcare framework, and high awareness levels pertaining to plasma protein. Moreover the European market, especially Western Europe is growing, and the second largest market for global IVIg.
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On the other hand, APAC is expected to grow at significant rate in the global IVIg market during the forecasted period. Adoption of immunoglobulin based therapies for treatment of PIDs and its awareness among the patient pool can drive the regional market growth. The Middle East and Africa (MEA) is likely to have a limited but steady growth in the intravenous immunoglobulin (IVIg) market particularly in North Africa.
Intravenous Immunoglobulin (IVIg) Market Competitive Intelligence
China Biologic Products, Inc., ABEONA THERAPEUTICS, Shire, Kedrion S.p.A, Octapharma, BDI Pharma, Grifols Inc., Baxter, CSL Behring, and Biotest AG are key players of the global intravenous immunoglobulin market.
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