How Has the Hepagam B Market Size Evolved in Recent Years?
The hepagam b market has seen considerable growth due to a variety of factors.
• In recent times, the market size of Hepagam B has experienced a growth of XX (HCAGR). Its growth is projected to move upwards from $XX million in 2024 to $XX million in 2025, at a compound annual growth rate (CAGR) of XX%.
This growth during the historic period is linked to a deeper emphasis on preventive healthcare, an increase in clinical trials, a surge in liver transplant procedures, a rise in chronic illnesses, and heightened awareness about co-infections.
What Is The Forecast For The Hepagam B Market Size?
The hepagam b market is expected to maintain its strong growth trajectory in upcoming years.
• Predictions for the Hepagam B market size anticipate a jump by XX (FCAGR) in the upcoming years. By 2029, a Compound Annual Growth Rate (CAGR) of XX% is projected to translate to $XX million.
The projected growth during the forecast period can be credited to increased spending on research and development, an upsurge in organ donation programs, enhanced government initiatives, and a high occurrence rate of hepatitis B infection in addition to escalated healthcare spending. The forecast period is also set to witness some major trends like technological progress, the wider acceptance of combined vaccines, the incorporation of digital health tools, along with the proliferation of mobile health applications and digital health platforms.
What Are The Essential Drivers Behind The Growth Of The Hepagam B Market?
The escalating frequency of hepatitis B is anticipated to encourage the expansion of the hepagam B market in the future. Hepatitis B, a liver infection brought about by the hepatitis B virus (HBV), can potentially result in chronic illness, cirrhosis, or liver cancer. The rise in hepatitis B infections can be attributed to insufficient vaccination coverage, elevated transmission rates among high-risk groups, and a lack of knowledge concerning preventive practices. HepaGam B offers individuals exposed to the virus passive immunity, thereby preventing hepatitis B infection. The World Health Organization, a Swiss-based intergovernmental institution, stated in April 2024 that approximately 254 million people globally were afflicted with chronic hepatitis B infection in 2022 with about 1.2 million new cases emerging annually. The ailment resulted in nearly 1.1 million fatalities, mainly due to cirrhosis and hepatocellular carcinoma (primary liver cancer). Hence, the rising frequency of Hepatitis B is expected to stimulate the hepagam B market.
How Is The Global Hepagam B Market Divided Into Key Segments?
The hepagam b market covered in this report is segmented –
1) By Product Type: Immunoglobulin Preparations, Vaccines, Antiviral Therapies
2) By Indication: Post-Exposure Prophylaxis, Chronic Hepatitis B Treatment
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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What New Trends Are Influencing The Hepagam B Market?
The hepagam B market's principal trend is emphasizing the expansion of plasma collection facilities to enhance its competitive position in the sector. Plasma collection, which involves extracting plasma from a donor's blood, is used for numerous medical procedures, such as the manufacture of immunoglobulins and clotting factor therapies. For example, Kamada Limited, a biopharmaceutical firm based in Israel, unveiled a new plasma collection center in Houston, Texas, to boost its specialty plasma collection operations in September 2024. The newly established center, spread over 12,000 square feet, anticipates supporting more than 50 donor beds and achieving an annual collection capacity of roughly 50,000 liters. The center will specialize in collecting both normal and specialty plasma, contributing around $8 million to $10 million in annual earnings at full capacity. This step is in line with Kamada's goal to emerge as a leading figure in the global specialty plasma-derived market.
Who Are the Key Players In The Hepagam B Market?
Major companies operating in the hepagam b market include:
• Kamada Ltd.
• Kibiopharma Inc.
• Emergent BioSolutions Inc.
What Are The Regional Insights Into The Hepagam B Market?
North America was the largest region in the hepagam B market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hepagam b market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
