Press release
Emerging Albuked Market Trend 2025-2034: Advancement In Human Albumin Injection Therapy
How Is the Albuked Market Projected to Grow, and What Is Its Market Size?The size of the Albuked market has experienced an $XX increase in the past few years. With a compound annual growth rate (CAGR) of $XX%, it's predicted to escalate from $XX million in 2024 to $XX million in 2025. Factors contributing to growth during the historic period include a higher incidence of medical ailments, expansion in therapeutic uses, burgeoning demand in up-and-coming markets, a rise in the elderly population, and improvements in plasma fractionation technology.
It's anticipated that the albuked market size will witness a significant growth in the following years, at a forecasted compound annual growth rate of $XX%. It is projected to expand to a value of $XX million by the year 2029, growing at a compound annual growth rate (CAGR) of $XX%. This potential increase over the forecast period can be related to a surge in the prevalence of chronic diseases, amplified knowledge amongst healthcare professionals, escalated demand, expansion of critical care units, and heightened awareness in the healthcare sector. Key trends noted for this forecast period encompass the development of recombinant albumin, dominance of the therapeutics segment, a boost in diagnostics demand, a transition towards drug delivery systems, and new emerging market opportunities.
What Are the Key Drivers Behind the Growth of the Albuked Market?
The surging cases of liver-related diseases are set to fuel the expansion of the Albuked market. A range of conditions that impact liver functioning, including hepatitis, cirrhosis, fatty liver disease, and autoimmune diseases, constitute liver disorders. The escalating number of these disorders can be attributed to factors such as heavy alcohol use, obesity, viral infections, exposure to toxins, and genetic predispositions that negatively impact liver health. In particular, Albuked is utilized in managing acute liver failure as it helps maintain the colloid osmotic pressure of plasma and binds surplus bilirubin among patients experiencing immediate loss of liver function, potentially forestalling complications like a coma. For example, the American Liver Foundation reported in September 2023 that over 100 million people in the U.S suffer from some sort of liver disease. Out of these, 4.5 million adults, or 1.8% of the population, have been officially diagnosed and it is projected that between 80-100 million US adults have undiagnosed fatty liver disease. Similarly, in August the same year, the Switzerland-based Journal of Hepatology reported that liver-related diseases account for over 2 million fatalities each year, representing around 4% of all global deaths. This translates to 1 in 25 deaths being associated with issues related to the liver, with a third of these deaths happening in women. Specifically, liver cancer contributes to between 600,000 and 900,000 deaths annually. Consequently, the escalating number of liver disorders is catalyzing the growth of the Albuked market.
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Who Are the Major Industry Players Fueling Albuked Market Expansion?
Major companies operating in the albuked market include Kedrion Biopharma Inc.
Which Key Developments Are Influencing the Albuked Market?
A principal trend within the Albuked market is the emphasis on creating advanced product offerings, such as human albumin injection treatment, to provide solutions for severe medical circumstances. This treatment involves the application of human serum albumin (HSA) - a protein extracted from human plasma - for varied medical interventions. Predominantly deployed in clinical environments, this therapy manages conditions like hypoalbuminemia, cirrhosis of the liver, trauma, and burns, as well as being utilized during surgeries needing fluid resuscitation. For example, in July 2023, Grifols S.A., a plasma-derived medicine manufacturer from Spain, revealed the achievement of phase 3 completion of PRECIOSA. This intended to gauge the long-term potential of Albutein, an albumin-based treatment by Grifols S.A. The clinical trial sought to extend the lifespan of patients dealing with decompensated cirrhosis and ascites until an appropriate transplant can be performed.
How Is the Segmentation of the Albuked Market Defined?
The albukedmarket covered in this report is segmented -
1) By Formulation: Albuked 5%; Albuked 25%; Plasbumin-5; Plasbumin-25
2) By Indication: Hypovolemic Shock; Hypoproteinemia; Acute Respiratory Distress Syndrome (ARDS); Cardiopulmonary Bypass; Acute Liver Failure
3) By Packaging Size: 50 mL; 250 mL; 500 mL
4) By Distribution Channel: Hospitals And Clinics; Retail And Specialty Pharmacies
5) By End User: Adult Patients; Geriatric Patients
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What Is the Leading Region in the Albuked Market?
North America was the largest region in the albuked market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the albuked market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Albuked Global Market Report?
- Market Size Analysis: Analyze the albuked Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the albuked 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 albuked market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the albuked market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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