Press release
Key Driver Shaping the Future Buminate Market From 2025-2034: Increased Prevalence Of Liver Diseases As A Key Driver For Buminate Market Growth
The size of the buminate market, which has been experiencing $XX in the latter years, is anticipated to rise from $XX million in 2024 to $XX million in 2025, registering a Compound Annual Growth Rate (CAGR) of $XX%. Causes for the growth seen in the historic period include regulatory frameworks, expenditure on global healthcare, the increasing size of the elderly population, higher instances of trauma and burns, and greater consciousness of liver diseases.
In the coming years, the buminate market size is anticipated to witness a $XX surge. It is projected to reach $XX million by 2029, demonstrating a compound annual growth rate (CAGR) of $XX%. The anticipated growth during this forecasted period is due to the increasing occurrence of chronic ailments, the rising adoption of recombinant albumin, the expansion of the plasma collection networks, its escalating use in trauma and surgical care, as well as governmental initiatives. The upcoming period also expects to see significant trends, such as the integration of advanced technologies, the embracement of animal-free and recombinant technologies, progress in plasma fractionation, as well as tactical mergers and partnerships.
What Factors Are Fueling Growth in the Buminate Market?
The rise in liver disease incidents is anticipated to stimulate the buminate market's expansion. Liver diseases encapsulate numerous conditions that compromise liver function, such as cirrhosis, hepatitis, fatty liver disease, and liver cancer, often resulting from elements like infections, toxins, genetics, or chronic alcohol consumption. The global upsurge in liver diseases can be attributed to factors like escalating obesity rates, metabolic disorders, alcohol intake, viral hepatitis, an aging demographic, and environmental influences. Buminate, a human albumin solution, plays a crucial role in liver disease management by reinstating and upholding blood volume and osmotic pressure in patients suffering from conditions like cirrhosis or liver failure. It enhances circulation, ensures appropriate fluid equilibrium, and mitigates the risk of complications like edema and ascites. For example, the Office for Health Improvement and Disparities, a UK government office, reported in April 2024 that in 2022, the death rate from liver disease among individuals under 75 in England surged to 21.4 per 100,000 population, with men accounting for 6,664 premature deaths against women's 3,929. Hence, the escalating incidence of liver diseases is fuelling the growth of the buminate market.
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Which Leading Companies Are Shaping the Growth of the Buminate Market?
Major companies operating in the buminate market include Grifols S.A.
What Are the Key Segments of the Buminate Market?
The buminate market covered in this report is segmented -
1) By Indication: Hypoproteinemia, Burn Treatment, Cardiopulmonary Bypass Surgery
2) By Distribution Channel: Hospital Pharmacies, Outpatient Clinics, Specialty Pharmacies
3) By End-Use: Hospitals, Clinics, Ambulatory Care, Home Care
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Which Region Dominates the Buminate Market?
North America was the largest region in the buminate market in 2024. The regions covered in the buminate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Buminate Global Market Report?
- Market Size Analysis: Analyze the buminate Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the buminate 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 buminate market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the buminate market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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