Press release
Rising Demand of Albumin Market Size is Poised to Expand at a CAGR of 6.4% by 2030 | Takeda Pharmaceuticals Inc, Thermo Fisher Scientific, Ventria Bioscience, Baxter International Inc.
Albumin Market
According to the report published by Allied Market Research Albumin Market Size was estimated at USD 4.81 Billion in 2020, and is Projected to Garner USD 8.95 billion by 2030 registering a CAGR of 6.4% from 2021 to 2030.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ, ๐ซ๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ, ๐๐ง๐ ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ-
Significant surge in the non-therapeutic application of albumin, increasing production of immunoglobulins & plasma collection, and growth in the development of plant-based albumin are expected to drive the growth of the global albumin market. On the other hand, stringent regulations imposed by several government bodies on the adoption of albumin products impede the growth to some extent. However, increase in the number of cancer surgeries that lead to cause hypoalbuminemia is expected to create lucrative opportunities in the industry.
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The key players of the analysed in the global albumin market report include ๐๐๐ค๐๐๐ ๐๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ๐ฌ ๐๐ง๐, ๐๐ก๐๐ซ๐ฆ๐จ ๐ ๐ข๐ฌ๐ก๐๐ซ ๐๐๐ข๐๐ง๐ญ๐ข๐๐ข๐, ๐๐๐ง๐ญ๐ซ๐ข๐ ๐๐ข๐จ๐ฌ๐๐ข๐๐ง๐๐, ๐๐๐ฑ๐ญ๐๐ซ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐., ๐๐ก๐ข๐ง๐ ๐๐ข๐จ๐ฅ๐จ๐ ๐ข๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ, ๐๐ง๐., ๐๐๐ซ๐๐ค ๐๐๐๐, ๐๐จ๐ฏ๐จ๐ณ๐ฒ๐ฆ๐๐ฌ, ๐๐๐ญ๐๐ฉ๐ก๐๐ซ๐ฆ๐ ๐๐ ๐๐ง๐ ๐๐๐ ๐๐ข๐ฆ๐ข๐ญ๐๐, ๐๐ซ๐ข๐๐จ๐ฅ๐ฌ, ๐.๐.
๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐๐ญ๐ก๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:-
By Type
Human Serum Albumin
Bovine Serum Albumin
Recombinant Albumin
By Application
Therapeutics
Drug Formulation & Vaccines
Component of Media
Other
By region, the market across North America held the lion's share in 2020, garnering nearly half of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 7.7% during the forecast period.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
Which region has more opportunities?
By Region Outlook
North America
โฆ U.S.
โฆ Canada
โฆ Mexico
Europe
โฆ UK
โฆ Germany
โฆ France
โฆ Italy
โฆ Russia
โฆ Rest of Europe
Asia-Pacific
โฆ China
โฆ Japan
โฆ India
โฆ Australia
โฆ Rest of Asia-Pacific
LAMEA
โฆ Brazil
โฆ UAE
โฆ Turkey
โฆ Saudi Arabia
โฆ Rest of LAMEA
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Introduction:
Albumin is a protein that is primarily produced by the liver and is found in human blood plasma. It plays a crucial role in maintaining the osmotic pressure of blood and transporting various substances such as hormones, fatty acids, and drugs. Albumin is widely used in various medical applications such as blood volume expansion, treatment of burns, liver diseases, and hypovolemic shock. With the growing prevalence of chronic diseases suchโฆ
Albumin Market: Therapeutic Action of Albumin on Liver Function and Blood Circul โฆ
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 resortโฆ
