Press release
Global Albumin Market Sees Strong Growth Amid Rising Demand in Biopharmaceuticals and Drug Delivery Systems
Albumin Market SizeThe global Albumin revenue was US$ 5206 million in 2022 and is forecast to a readjusted size of US$ 8186.2 million by 2029 with a CAGR of 6.6% during the forecast period (2023-2029).
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Global albumin control main manufactuers include CSL, Grifols, Shire (Baxalta), Octapharma, etc., totally accounting for about 42% of the market. Asia Pacific is the largest market, with a share over 65%. As for the types of products, it can be divided into human serum albumin, bovine serum albumin and recombinant albumin. The most common product is human serum albumin, with a share over 93%. In terms of applications, it is widely used in therapeutics, vaccine ingredient, culture medium ingredient and others. The most common application is therapeutics, with a share about 72%.
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By Type
• Human Serum Albumin
• Bovine Serum Albumin
• Recombinant Albumin
By Application
• Therapeutics
• Vaccine Ingredient
• Culture Medium Ingredient
Key Companies
CSL, Grifols, Shire (Baxalta), Octapharma, Hualan Bio, CBPO, RAAS, Kedrion, Merck, LFB Group, Albumedix, Thermo Fisher Scientific
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