Press release
Albumin Market - Increase In Strategic Developments By The Key Players Is Anticipated To Fuel The Market Growth During The Forecast Period
Albumin Market
Albumin is globular protein found in liquid component of blood called plasma. It is most abundant protein in plasma constituting around 50% of the total protein in the blood. It plays a vital role in maintaining proper oncotic pressure of blood and transporting hormones, fatty acids, and other compounds throughout the body. It is derived from blood plasma on fractionation, and is widely used to clinically to treat variety of diseases. Different types of albumin are used clinically. These include human serum albumin, bovine serum albumin, and recombinant albumin.
Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2583
The factors that drive the growth of the albumin market include increase in prevalence of life-threatening diseases and conditions namely surgical procedures, liver diseases, trauma and burns cases, and others. Moreover, rise in awareness about recombinant albumin products, upsurge in demand for albumin products, and growth in non-therapeutic application of albumin also fuel the growth of the market. However, stringent governmental regulations and reforms, and risk of side effects associated after using albumin products impede the market growth. Conversely, the development of cost-effective therapeutic along with large production of albumin and presence of untapped market in emerging economies are expected to provide lucrative growth opportunities for the market.
The human serum albumin segment accounted for the largest share in 2016, owing to high usage as blood volumizer and applicability for treating variety of diseases and improved human serum albumin production due to the emergence of advanced technologies. However, the recombinant albumin segment is expected to grow at the high CAGR from 2017 to 2023.
Make an Enquiry before Buy @ https://www.alliedmarketresearch.com/purchase-enquiry/2583
The utilization rate of albumin for therapeutics is high owing to rise in prevalence of trauma and cases of burns as well as increase in the number of surgical procedures. However, drug formulation and vaccines segment is expected to grow at a high CAGR during the forecast period.
Key Findings of the Albumin Market:
• The bovine serum albumin segment accounted for nearly one-eighth share of the global albumin market in 2016.
• The recombinant albumin segment is expected to grow at highest CAGR from 2017 to 2023.
• The component of media segment accounted for around one-fifth share of the global market in 2016.
• Europe accounted for around one-third share of the global market in 2016.
• LAMEA is expected to provide lucrative market growth opportunities from 2017 to 2023.
North America was the leading revenue contributor to the global albumin market in 2016, and is expected to dominate the market during the forecast period. This is attributed to the early approval of albumin products and high adoption of recombinant albumin in this region. However, Asia-Pacific is expected to grow at the highest CAGR during the study period, due to increase in affordability, surge in healthcare expenditure, and rise in awareness toward albumin products.
Access Full Summery @ https://www.alliedmarketresearch.com/human-albumin-market
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
About Us:
Allied Market Research
, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Albumin Market - Increase In Strategic Developments By The Key Players Is Anticipated To Fuel The Market Growth During The Forecast Period here
News-ID: 1768175 • Views: …
More Releases from Allied Market Research
Water as a fuel Market to Witness Exponential Growth by 2032 - Air Liquide, Enel …
Water as a fuel is the concept where water is indirectly used as a fuel to produce hydrogen and oxyhydrogen. The production of hydrogen through electrolysis is the most carbon-neutral way of hydrogen production. This way, water can be termed as a fuel from which hydrogen is produced that is used in several applications. Climate change and net-zero commitments are major reasons for the shift from fossil fuels to alternatives…
Feed Premix Market Soars to $11.4 Billion by 2031 with 8.8% CAGR North America L …
According to a new report published by Allied Market Research, titled, "Feed Premix Market," The feed premix market was valued at $5.1 billion in 2021 and is estimated to reach $11.4 billion by 2031, growing at a CAGR of 8.8% from 2022 to 2031. North America was the highest revenue contributor, accounting for $1,983.0 million in 2021, and is estimated to reach $3,999.3 million by 2031, with a CAGR of…
Online in-flight shopping market is experiencing significant growth, projected t …
According to a new report published by Allied Market Research, titled, "Online In-flight Shopping Market by Aircraft Type, Flight Type, and Shopping Type: Global Opportunity Analysis and Industry Forecast, 2021-2030,"
The global online in-flight shopping market is growing rapidly since last few years owing to the increase in inclination of people toward travelling and exploring unique holiday destinations. The growth of the market is further driven by upsurge in disposable income…
Vertical Farming Crops Market to Reach $1.3 Billion by 2027, with 26.2% CAGR: Pl …
According to a new report published by Allied Market Research, titled, "Vertical Farming Crops Market by Crop Type, End User, and Farming Technique: Opportunity Analysis and Industry Forecast, 2021-2027," the global vertical farming crops market was valued at $212.4 million in 2019, and is projected to reach $1.3 billion by 2027, registering a CAGR of 26.2% from 2021 to 2027. The market is expected to exhibit an incremental revenue opportunity of…
More Releases for Albumin
Albumin Market: Therapeutic Action of Albumin on Liver Function and Blood Circul …
The use of albumin to treat multiple types of deficiencies, including those related to blood volume, is giving an impetus to market growth. It is a high-utility, human-derived protein that has applications across a spectrum of medical operations. Conditions such as hypoalbuminemia, caused by severe injuries, and rapid protein loss due to third-degree burns can be effectively managed through intravenous administration of albumin. Furthermore, albumin administration is the last resort…
Albumin Market Geographical Segmentation, Competitive Analysis, Latest Rising Tr …
This intelligence report provides a comprehensive analysis of the Albumin Market. This includes investigating past progress, ongoing market scenarios, and future prospects. Accurate data on the products, strategies and market share of leading companies in this particular market are mentioned. This report provides a 360-degree overview of the global market's competitive landscape. The report further predicts the size and valuation of the global market during the forecast period.
Albumin is a…
Glycated Albumin Market
Market players and various research organisations are engaged in developing novel diagnostic tests using glycated albumin in order to meet increasing demand from end-use industries. For instance, in 2016, according to a study published in journal Nephrology Dialysis Transplantation reported that glycated albumin might provide a valuable alternative for predicting mortality in diabetic patients on hemodialysis.
Furthermore, leading players in the market are focused on new product launches and its…
Albumin Market: Increase in Usage of Albumin as Multifunctional Excipient to Boo …
Transparency Market Research (TMR) has published a new report titled, “Albumin (as Excipient) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global albumin (as excipient) market was valued at US$ 750 Mn in 2017 and is anticipated to reach US$ 1200 Mn by 2026 at a CAGR of over 5.0% from 2018 to 2026. Grant of regulatory approvals coupled with…
Albumin Market: Substantial Use of Human Serum Albumin as Pharmaceutical Excipie …
Albumin Market: Snapshot
Prominent companies operating in the global albumin market are focusing on product and service extensions to grow their shares. This is serving to stoke competition in the market. In the near future, the competition is slated to intensify further on account of the savvy players striking partnerships or acquiring distributors to augment sales and expand businesses, globally.
At the forefront of driving growth in the global albumin market is…
Albumin Market: Substantial Use of Human Serum Albumin as Pharmaceutical Excipie …
Albumin Market: Snapshot
Prominent companies operating in the global albumin market are focusing on product and service extensions to grow their shares. This is serving to stoke competition in the market. In the near future, the competition is slated to intensify further on account of the savvy players striking partnerships or acquiring distributors to augment sales and expand businesses, globally.
At the forefront of driving growth in the global albumin market is…
