PUBLISHER: Inkwood Research | PRODUCT CODE: 1094946
PUBLISHER: Inkwood Research | PRODUCT CODE: 1094946
The Asia-Pacific immunoglobulin market is estimated to grow with a CAGR of 7.20% during the forecast period of 2022 to 2030. The market growth of the region is fuelled by the launch of advanced and innovative immunoglobulin products, the rise in the geriatric population, and the increasing incidence of various disease types.
The Asia-Pacific immunoglobulin market growth assessment entails the evaluation of China, South Korea, Indonesia, Vietnam, Japan, India, Australia, Thailand, and Rest of Asia-Pacific. Key players are engaged in the launch and development of innovative immunoglobulin products in India. For example, Cipla, in 2021, launched Roche's COVID antibody cocktail (Imdevimab and Casirivimab) in the country. It is administered for treating moderate to mild COVID-19 in adults and pediatric patients. Casirivimab, as well as Imdevimab, entail human immunoglobulin G-1 (IgG1) monoclonal antibodies produced by recombinant DNA technology in laboratories.
Conversely, there has been a substantial rise in healthcare expenditure in Indonesia. As a result, patients experiencing various types of immunodeficiency diseases and other rare conditions gain fast and easy access to technologically advanced and novel healthcare facilities. Moreover, this factor not only helps in the effective diagnosis but also facilitates improved treatment for numerous disease types. Therefore, these factors are anticipated to propel the market growth in the Asia-Pacific during the forecast period.
Prominent companies operating in the market include: Sichuan Yuanda Shuyang Pharmaceutical Co Ltd, Takeda Pharmaceutical Company Limited, Shanghai RAAS Blood Products Co Ltd, etc.