Albumin (Human) Market By Product and Service, By Application, By End User and Region: Global Industry Analysis, Share, Opportunity, Competition and Forecast 2021 to 2027 -CSL Behring, Baxter, Grifols, Octapharma

The Albumin (Human) Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Albumin (Human) Market Size is Projected to Reach at a CAGR of 10% during 2021-2027.

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Market Overview

The outbreak of COVID-19 is expected to have a positive impact on the market because albumin is widely used in research and development activities. In the case of pharmaceutical drug development, the development of safe and stable formulations is a challenge, and the choice of excipients can become an important factor for their successful formulation. Moreover, albumin offers several benefits over other excipients in the formulation of various APIs and can help overcome certain challenges related to the formulation.

In addition, currently, pharmaceutical and biotech companies are focused on the development of vaccines or drugs for COVID-19, which is expected to boost the market as albumin plays a key role in the development of vaccines or drugs. For instance, according to the National Clinical Trial Registry (NCT), there are about 10 planned and ongoing clinical trials related to albumin across different phases of development for the COVID-19 virus, which shows that there is ongoing research in this field, which may drive the studied market.

Top Leading Companies:

CSL Behring, Baxter, Grifols, Octapharma, Zhongsheng Group, Taibang Bio, Shanghai Laishi, Hualan Bio

Recent Developments

In June 2020, Biotest achieved a major milestone in its international expansion strategy by recording first-ever company sales of human albumin in China. Human albumin is used for the stabilization of blood circulation in severe diseases such as burns and chronic diseases of the liver and kidneys or complications associated with protein loss.
In May 2020, Bio Products Laboratory, a manufacturer of plasma-derived protein therapies, announced the US launch of ALBUMINEX 5% (human albumin) and ALBUMINEX 25% (human albumin) solution for injection. These are approved by the US Food and Drug Administration for the treatment of hypovolemia, ascites, and hypoalbuminemia, including burns, acute nephrosis, acute respiratory distress syndrome (ARDS), and cardiopulmonary bypass.

Baxter International has acquired 22 companies, including 6 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 5 assets. Baxter International’s largest acquisition to date was in 2021, when it acquired Hill-Rom Holdings for $12.4B. It’s largest disclosed sale occurred in 2014, when it sold Baxter International - Marketed Vaccines to Pfizer for $635M. Baxter International has acquired in 10 different US states, and 7 countries. The Company’s most targeted sectors include medical products (60%) and life science (20%).

Albumin (Human) Market Segmentation by Type:

Injection
Freeze-dried Injection

Albumin (Human) Market Segmentation by Application:

Liver Diseases
Kidney Diseases
Neoplasm
Other Diseases

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North America is Expected to Dominate the Market

The North American region is expected to dominate the market, owing to the high demand for albumin in R&D activities, rising production of immunoglobulins, growing non-therapeutic applications of albumin, and rise in plasma collection in the region. The increasing drug development and drug discovery activities in the biopharmaceutical industry are expected to drive the albumin market in the United States over the forecast period since it houses a very large number of biopharmaceutical companies. For instance, according to the National Clinical Trial Registry (NCT), there are about 294 ongoing clinical trials related to albumin across different phases of development for different indications. This indicates the role of albumin in the development of effective therapeutics across different therapy areas, which is expected to drive the market in the coming years.

Regional Albumin (Human) Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Albumin (Human) Market Report:

Detailed overview of Albumin (Human) Market
Changing the Albumin (Human) market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Albumin (Human) market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Albumin (Human) Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Albumin (Human) Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Albumin (Human) industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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