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In-Depth Analysis of the Albumin Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
AlbuminMarket Size
The market size for albumin has significantly expanded in the past few years. It is projected to rise from $6.57 billion in 2024 to $7.18 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.3%. This growth in the past can be attributed to factors such as progress in biotechnology, heightened demand for plasma-derived treatments, broadening applications in pharmaceuticals, a high rate of liver diseases, regulatory green lights for albumin-based products, and the internationalization of healthcare, culminating in broader market accessibility.
In the forthcoming years, the albumin market size is projected to witness robust growth, reaching $10.16 billion by 2029 with a compound annual growth rate (CAGR) of 9.1%. This growth during the forecast period can be credited to the escalating rate of liver diseases, wider use in regenerative medicine, growing elderly population, advancements in diagnostic methods, a shift in healthcare infrastructure towards outpatient care, and increased awareness regarding the necessity of maintaining ideal protein levels. The forecast period will also see significant trends such as broader therapeutic applications, increased usage in drug delivery systems, growing demand in cell culture media, expansion in personalized medicine, progress in recombinant technology, heightened knowledge about hypoalbuminemia treatment, and considerable investment in R&D for innovative albumin-based products.
What Factors Are Fueling Growth in the Albumin Market?
The growth of the albumin market is anticipated to be driven by the increasing occurrence of diabetes. Known as a metabolic disorder characterized by prolonged periods of elevated blood sugar, diabetes rates are on the rise due to factors such as poor nutrition, insufficient physical activity, hormonal imbalances, and excess weight. As a crucial biomarker in diabetes, albumin can inform insulin treatment, aid in regulating blood sugar, assist in diagnosis, and predict potential complications like diabetic ket*oacidosis (DKA). Ensuring normal albumin levels is critical to effective diabetes management. Information from the National Library of Medicine, a US government library, suggests that in January 2022, the worldwide diabetes prevalence in 2021 was around 10.5%, affecting approximately 536.6 million individuals aged 20-79 years. By 2045, this percentage is likely to increase to 12.2%, which will affect an estimated 783.2 million people. Thus, the upward trend in diabetes occurrence is anticipated to fuel the growth of the albumin market in the future.
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Which Leading Companies Are Shaping the Growth of the Albumin Market?
Major companies operating in the albumin market are Bristol-Myers Squibb Company, Thermo Fisher Scientific Inc., Takeda Pharmaceutical Company Limited, Merck KGaA, Baxter International Inc., CSL Limited, Grifols SA, Mitsubishi Tanabe Pharma Corporation, Octapharma AG, Kedrion S.p.A., Biotest AG, Jiangxi Boya Bio-Pharmaceutical Co. Ltd., BPL (Bio Products Laboratory), Kamada Ltd., Proliant Biologicals, SeraCare Life Sciences Inc., HiMedia Laboratories, Albumedix Ltd., Medxbio Pte Ltd., Ventria Bioscience Inc., China Biologic Products Holdings Inc.
What Are the Major Trends Shaping the Albumin Market?
Significant players in the albumin industry are innovating with the creation of novel products including recombinant albumin free from animal and human origin to offer advanced benefits to their customer base. This type of albumin is synthesized using a non-mammalian expression structure such as yeast, ensuring no animal or human-derived components are included. In a notable development in March 2023, Albumedix, a UK-based producer of recombinant human albumin, and Heartseed Inc., a Japanese clinical-stage biotech enterprise, teamed up to unveil Recombin, an essential excipient for the production of Heartseed's experimental cell therapy, HS-001, coinciding with its inception of human clinical trials. This partnership denotes a crucial progress in the development of HS-001, anticipated to catalyze a revolution in the therapy of multiple conditions. The integration of recombination in the fabrication process guarantees maximum performance and stability of the cell therapy, accentuating its possibility of therapeutic triumph.
What Are the Key Segments of the Albumin Market?
The albumin market covered in this report is segmented -
1) By Type: Human Serum Albumin, Bovine Serum Albumin, Recombinant Albumin
2) By Application: Therapeutics, Drug Formulation And Vaccines, Component Of Media, Other Applications
3) By Sales Channel: Business-To-Consumer (B2C), Business-To-Business (B2B)
4) By End-User: Hospitals And Clinics, Pharmaceutical And Biotechnology Companies, Research Institutes
Subsegments:
1) By Human Serum Albumin: Plasma-Derived Human Serum Albumin, Recombinant Human Serum Albumin, Human Serum Albumin For Therapeutic Use (In Liver Disease, Burns), Human Serum Albumin For Drug Delivery And Research Applications
2) By Bovine Serum Albumin: Bovine Serum Albumin For Laboratory Use (In Cell Culture), Bovine Serum Albumin For Diagnostic Kits, Bovine Serum Albumin As A Stabilizer In Vaccines And Biopharmaceuticals
3) By Recombinant Albumin: Recombinant Human Albumin For Therapeutic Applications, Recombinant Albumin For Biopharmaceutical Formulation, Recombinant Albumin For Cosmetic And Personal Care Applications, Recombinant Albumin For Research And Diagnostic Applications
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Which Region Dominates the Albumin Market?
North America was the largest region in the albumin market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the albumin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Albumin Global Market Report?
- Market Size Analysis: Analyze the Albumin Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Albumin Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Albumin Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Albumin Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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