Press release
Albumin Market to Reach USD 7.68 Bn by 2029, emerging at a CAGR of 5.21 percent and forecast 2023-2029
Albumin Market
The analysis is based on extensive research using reliable data sources and methodologies. Primary and secondary research techniques were employed to gather and validate information, ensuring the accuracy and reliability of the report.
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What are Albumin Market Dynamics:
One of the primary factors driving the market's growth is the rising popularity of chronic medical conditions around the world. Albumin is commonly used to treat hypovolemia, ARDS, nephrosis, renal dialysis, liver failure, cardiac diseases, and hypoalbuminemia. Furthermore, the growing geriatric population, which is more sensitive to such disorders, is propelling market growth. In accordance with this, the emergence of the coronavirus (covid-19) pandemic has increased the use of albumin in the creation of pharmaceuticals and stable vaccine compositions.
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Albumin Market Regional Insights:
Asia Pacific emerged as the dominant market with a share of xx% in 2022, expected to exhibit the highest CAGR of 11.2% during the forecast period. This growth is attributed to increased investments in life sciences, particularly by biopharmaceutical companies and research institutes. Countries like India and China are witnessing rising demand for albumin, supported by awareness programs promoting plasma donation and plasma protein therapies.
What is Albumin Market Segmentation:
by Product Type
Human Serum Albumin
Recombinant Albumin
Bovine Serum Albumin
by Application
Drug Formulation
Drug Delivery
Vaccines
Medical Device Coating
Culture Medium & Stabilizer
Diagnostics
In Vitro Fertilization
by End-User
Pharmaceutical & Biotechnology Industry
Research Institutes
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Who are Albumin Market Key Players:
1. Albumedix A/S
2. Albumin Therapeutics, LLC
3. Biotest AG
4. CSL Behring LLC
5. Grifols International, S.A.
6. HiMedia Laboratories Pvt. Ltd.
7. InVitria
8. Medxbio Pte Ltd.
9. Octapharma AG
10. RayBiotech, Inc.
11. SeraCare Life Sciences
12. Sigma-Aldrich Co.
13. Akron Biotech
14. Baxter International Inc.
15. Celgene Corporation,
16. Grifols SA
17. Merck KGaA
18. China Biologic Products Inc.
19. Shire Plc
20. Ventria Bioscience
21. Thermo Fisher Scientific
22. Novozymes A/S.
Table of content for the Albumin Market includes:
Albumin Market: Research Methodology
Albumin Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
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3.Albumin Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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