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Albumin Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Albumin Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Albumin Market?
The albumin market has grown significantly, forecasted to move from $6.57 billion in 2024 to $7.18 billion in 2025 at a CAGR of 9.3%. This growth has been propelled by biotechnological advances, demand for plasma therapies, wider pharmaceutical applications, liver disease prevalence, product approvals, and global healthcare development.
The albumin market is forecasted to reach $10.16 billion by 2029 at a CAGR of 9.1%, owing to liver disease prevalence, growth in regenerative medicine, aging populations, and advancements in diagnostics and outpatient care. Emerging trends include therapeutic expansion, drug delivery use, application in personalized medicine, and advances in recombinant technologies.
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What Are the Different Albumin Market Segments?
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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What Are the Primary Drivers Shaping the Albumin Market?
The albumin market is expected to expand due to the increasing number of diabetes cases. This condition, characterized by elevated blood sugar, is driven by obesity, poor diet, and hormonal factors. Albumin is vital for tracking diabetic complications and managing insulin therapy. According to the National Library of Medicine in January 2022, global diabetes prevalence reached 10.5% in 2021, impacting 536.6 million people and projected to rise to 12.2% by 2045. This trend supports the albumin market's growth.
Which Companies Are Leading in 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?
In the albumin market, companies are moving toward recombinant albumin solutions free of animal or human origin. In March 2023, Albumedix and Heartseed Inc. introduced Recombin, used in Heartseed's HS-001 cell therapy trials, ensuring stability and performance through a non-mammalian expression system.
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What Are the Top Revenue-Generating Geographies in 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Albumin Market?
2. What is the CAGR expected in the Albumin Market?
3. What Are the Key Innovations Transforming the Albumin Industry?
4. Which Region Is Leading the Albumin Market?
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