Press release
Albumin Market Set for Explosive Growth, Projected to Reach USD 8.95 Billion by 2030 at a CAGR of 6.4%
Albumin Market
๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐-๐๐ ๐จ๐ง ๐๐ฅ๐๐ฎ๐ฆ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ-
โข Increasing use of albumin for the production of vaccines such as Covaxin and Covishield for the treatment of COVID-19 infections has impacted the global albumin market positively.
โข Persistent innovations by prominent players and growing number of product approvals have again been beneficial for the industry.
๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐ฅ๐๐ฎ๐ฆ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ?
Significant surge in 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.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐:
https://www.alliedmarketresearch.com/request-sample/2583
๐๐จ๐ฉ ๐๐ฅ๐๐ฎ๐ฆ๐ข๐ง ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
โข Takeda Pharmaceuticals Inc
โข Thermo Fisher Scientific
โข Ventria Bioscience
โข Baxter International Inc.
โข China Biologic Products, Inc.
โข Merck KGaA
โข Novozymes
โข Octapharma AG
โข CSL Limited
โข Grifols, S.A.
๐๐ฅ๐๐ฎ๐ฆ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: -
The global albumin market is analysed across type, application and region.
By Type
โข Human Serum Albumin
โข Bovine Serum Albumin
โข Recombinant Albumin
By Application
โข Therapeutics
โข Drug Formulation & Vaccines
โข Component of Media
โข 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.
Purchase the Report: https://www.alliedmarketresearch.com/purchase-enquiry/2583
Our Market Research Solution Provides You Answer to Below Mentioned Question:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
By Region Outlook
โข North America
(U.S., Canada, Mexico)
โข Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
โข Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
โข LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Contact Details:
David Correa
USA/Canada (Toll-Free): +1-800-792-5285, +1-503-894-6022
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions 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 Set for Explosive Growth, Projected to Reach USD 8.95 Billion by 2030 at a CAGR of 6.4% here
News-ID: 3168063 • Views: โฆ
More Releases from Allied Market Research (AMR)
Wood Pulp Market - Growth Prospects, Market Share, Competitive Landscape and For โฆ
The wood pulp market research report offers a comprehensive assessment of the competitive landscape, enabling industry participants to strengthen their revenue position and sustain market competitiveness. The study integrates PESTEL analysis and Porter's Five Forces framework to evaluate industry dynamics and competitive intensity. It further highlights high-potential investment opportunities, assessing them based on market share and CAGR, while profiling leading players and analyzing their financial performance.
Download Sample Pages of Researchโฆ
Potassium Nitrate Market Report: Analysis of Competition and Future Opportunitie โฆ
The rising demand for potassium nitrate from the food and pharmaceutical industries is a major factor driving the growth of the global potassium nitrate market. Asia-Pacific is expected to witness the highest CAGR of 4.9% during the forecast period. However, during the initial months of the COVID-19 lockdown, the market experienced a temporary setback due to disruptions in foreign supply chains and the shutdown of retail operations.
Download Sample Pages ofโฆ
Pearlescent Pigment Market - Analysis of Opportunities, Market Share, Growth, Co โฆ
According to a report published by Allied Market Research, the global pearlescent pigment market was valued at $1.2 billion in 2021 and is projected to reach $2.2 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031. The report offers a comprehensive evaluation of market dynamics, including key investment opportunities, growth drivers, restraints, competitive strategies, market size estimations, and emerging trends. It serves as a valuable resourceโฆ
Plastic Recycling Market: Application, Industry & Regional Analysis with Segment โฆ
Growing awareness of the environmental hazards posed by plastic waste is expected to significantly propel the growth of the global plastic recycling market over the coming years. According to Allied Market Research, the market is projected to gain substantial traction by 2031, with Asia-Pacific anticipated to generate the highest revenue during the forecast period.
Allied Market Research published a report titled "Plastic Recycling Market by Product, Source, and Application: Global Opportunityโฆ
More Releases for Albumin
rHu Albumin Market Key Players Analysis - Merck KGaA, HiMedia Laboratories Pvt. โฆ
"rHu Albumin Market" in terms of revenue was estimated to be worth $94.88 million in 2023 and is poised to reach $218.56 million by 2031, growing at a CAGR of 11.16% from 2024 to 2031 according to a new report by Insight Ace Analytic.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/1482
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global rHu Albumins market are:
โข Increase inโฆ
Rhu Albumin Market Future Business Opportunities 2024-2031 | Albumin Bioscience, โฆ
The Latest research report on the Rhu Albumin Market 2024 provides a comprehensive analysis of the current market landscape, with forecasts extending to 2031. This study combines qualitative and quantitative insights to highlight significant market developments, challenges, competitive dynamics, and potential opportunities and trends shaping the Rhu Albumin Market. The report covers market size, recent trends, growth projections, market share, and development status. Additionally, it examines government policies, market dynamics,โฆ
Rhu Albumin Market Growth in Future Scope 2024-2031 | HiMedia Laboratories Pvt. โฆ
Rhu Albumin Market Trends Overview 2024-2031:
A new Report by Coherent Market Insights, titled "Rhu Albumin Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," offers a comprehensive analysis of the industry, which comprises insights on the Rhu Albumin market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
This report has a complete table of contents, figures, tables, and charts, as well as insightfulโฆ
rHu Albumin Market: A Catalyst for Innovation in Trauma Care, Albumin Replacemen โฆ
"rHu Albumin Market" in terms of revenue was estimated to be worth $94.88 million in 2023 and is poised to reach $218.56 million by 2031, growing at a CAGR of 11.16% from 2024 to 2031 according to a new report by Insight Ace Analytic.
Get Free Sample Report @ https://www.insightaceanalytic.com/request-sample/1482
Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global rHu Albumins market are:
โข Increase in prevalence of rare diseases,โฆ
Exploring the Growing Demand for Albumin in the Global Albumin Market
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
