Press release
Surge in Biopharmaceutical Industry Drives Albumin Excipient Market: Expected to Reach $6.77 Billion by 2029 with a CAGR of 6.8%
Albumin Excipient Market Size
The albumin excipient market is expected to grow steadily, driven by rising chronic disease prevalence and advancements in clinical applications._x000D_
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What Is The Projected Market Size Of The Global Albumin Excipient Market And Its Growth Rate?_x000D_
• Projected growth from $4.85 billion in 2024 to $5.2 billion in 2025 (CAGR of 7.1%)_x000D_
• Expected to reach $6.77 billion in 2029, growing at a CAGR of 6.8%_x000D_
This growth can be attributed to increased adoption of biologics and biodegradable properties, rising geriatric population, and increasing global vaccination initiatives, among other factors._x000D_
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What Is Driving The Growth In The Albumin Excipient Market?_x000D_
The albumin excipient market's growth is largely driven by the rising prevalence of chronic diseases. Albumin is predominantly used in treating various illnesses, including cancer and diabetes, due to its multifaceted protein carrier properties and ability to improve the pharmacokinetic profiles of peptide or protein-based drugs. The World Health Organization projects that by 2050, over 35 million new cancer cases will emerge, marking a 77% increase compared to the estimated 20 million cases in 2022. This surge in chronic diseases is expected to propel the growth of the albumin excipient market._x000D_
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Who Are the Key Players Driving Albumin Excipient Market Growth?_x000D_
• Albumin Therapeutics LLC_x000D_
• Biotest AG_x000D_
• CSL Behring_x000D_
• Grifols S.A._x000D_
• HiMedia Laboratories LLC_x000D_
• InVitria Inc._x000D_
• Medxbio Pte Ltd._x000D_
• Octapharma AG_x000D_
• RayBiotech Inc._x000D_
• SeraCare Life Sciences Inc._x000D_
• Sigma-Aldrich Pty. Ltd._x000D_
• Hualan Biological Engineering Inc._x000D_
• Kedrion Biopharma_x000D_
• LFB USA Inc._x000D_
• Shanghai RAAS Blood Products Co. Ltd._x000D_
• Baxter International Inc._x000D_
• Merck KGaA_x000D_
• Thermo Fisher Scientific Inc._x000D_
• Albumedix A/S_x000D_
• Bio Products Laboratory Ltd._x000D_
• Shire Plc._x000D_
• Ventria Bioscience Inc._x000D_
• Novartis AG_x000D_
• China Biologic Products Holdings Inc._x000D_
• ProMetic Life Sciences Inc._x000D_
• Sanquin_x000D_
• Biopharma_x000D_
• Takeda Pharmaceutical Company Limited_x000D_
• FUJIFILM Irvine Scientific Inc._x000D_
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What Are The Key Trends In The Albumin Excipient Market?_x000D_
• Biodegradable and Biocompatible Properties of Albumin_x000D_
• Collaborations and Partnerships in Research_x000D_
• Regulatory Compliance and Quality Standards_x000D_
• Application in Cell Therapy_x000D_
• Customization and Tailored Solutions_x000D_
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What Are The Segments Of The Global Albumin Excipient Market?_x000D_
• By Product: Human Serum Albumin, Recombinant Albumin_x000D_
• By End-Users: Pharmaceutical And Biotechnology Industry, Research Institutes, Other End Users_x000D_
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Which Region Leads The Albumin Excipient Market?_x000D_
North America was the largest region in the Albumin Excipient market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the upcoming years._x000D_
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What Is Covered In The Albumin Excipient Market Global Market Report?_x000D_
- Market Size Analysis: Analyze the Albumin Excipient Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Albumin Excipient Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Albumin Excipient Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Albumin Excipient Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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