Global Hyperimmune Globulin Market: Overview
Over the period 2022 to 2030, a healthy compound annual growth rate would be noted in the global hyperimmune globulin market, states Transparency Market Research. This will push its market worth towards higher valuation, Factors that are contributing positively to this growth are growing incidence of cancer, increasing incidence of autoimmune diseases, and increasing disposable income. Additionally, a rapidly ageing population is also playing a key role in driving the market on to a high growth trajectory. As new opportunities emerge in the market landscape as a result of these many growth factors, players will clamor to make the most of these.
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Global Hyperimmune Globulin Market: Competitive Landscape
The market is witnessing players operating in the vendor landscape deploy a host of growth strategies, organic and inorganic, such as extensive research and development and entering notable alliances in order to carve off a sizeable market share.
Well-known names in the market are:
- Hualan Bio
- CSL Behring
- Shanghai RAAS
- Emergent (Cangene)
- Sichuan Yuanda Shuyang
- ADMA Biologics
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Global Hyperimmune Globulin Market: Key Trends and Drivers
Increase in disposable income and growing awareness regarding health are driving the global hyperimmune globulin market over the forecast period, notes Transparency Market Research in its upcoming report. It is notable to point out here that a string of significant growth factors are leading to the high growth trajectory, which is anticipated for the market over the next few years. A glimpse into such positively influencing trends and drivers is provided below:
- Incidence of cancer is taking a concerning proportion. The disease is recognized as the second leading cause of death in the world. In fact, it is noteworthy that one in every six deaths in the world are caused by cancer and as lack of physical activity, low fruit intake, excessive alcohol and tobacco use, and high body mass index catch up with people living the modern lifestyle, – hectic, sedentary and marked with poor dietary habits – number of cases are only set to grow further.
- Over the world, number of people aged 60 and above is growing at a considerable pace. This is leading to growth in the global hyperimmune globulin market over the stated period, It is noteworthy here that 2 billion people will mark this age group by the year of 2050. One in every six people across the planet will be aged 65 and above.
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Global Hyperimmune Globulin Market: Regional Analysis
Over the forecast period, it is noted that Europe will lay claim to a massive revenue share, maintaining its dominant position in the global hyperimmune globulin market. It is significant to note here that while a number of varied factors support this covetable position, some of the prominent ones include rapidly ageing population and presence of advanced healthcare infrastructure. North America would also hold a sizeable market share over the assessment period owing to increase in number of people aged 60 and above. In fact, by 2050, it is believed that in the two regions mentioned here, number of people aged 65 and above will be one in every four people. It is also pertinent here that the country that will have a major share of contribution towards growth in North America is the United States of America – known for heavy investment in healthcare and notable research and development activities.
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