Albumin Market Report, Segments, Industry Growth, Size, Share, Forecast 2024-2032

[mark smith]

According to IMARC Group latest report titled “Albumin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on albumin market research report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global albumin market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

Albumin is a vital protein predominantly found in blood plasma, where it plays an essential role in maintaining osmotic pressure and transporting hormones, fatty acids, and other compounds through the blood. It is produced in the liver and is a key factor in regulating blood volume and general health. Commercially, it is harvested from human plasma or synthesized from recombinant sources, leading to products such as human serum albumin and bovine serum albumin, which are integral to medical treatments and scientific research. These albumin products are utilized in therapeutic applications, including blood volume expansion, maintenance of blood pressure, and as a carrier for other drugs. Albumin's stability and ability to bind to a wide range of substances make it advantageous for various pharmaceutical and clinical applications, contributing to its high demand in medical settings. Additionally, its use in vaccine production, drug delivery systems, and laboratory experiments underscores its versatility and importance in biomedical science.

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Market Trends:

The global market is witnessing significant growth driven by the rising prevalence of conditions such as liver diseases, kidney disorders, and life-threatening infections. Along with this, the expanding use of albumin in drug formulation and vaccine production, especially with the rise in vaccine requirements due to global health crises, is another critical driver. In addition, innovations in biotechnology methods enhance the efficiency and yield of albumin production, supporting market growth. Apart from this, the aging global population and increasing healthcare expenditure also contribute to the expansion of the albumin market, as these factors lead to a higher incidence of diseases where albumin-based products are crucial. Furthermore, ongoing research and development activities aimed at exploring novel applications of albumin in nanotechnology and drug delivery systems are creating a positive market outlook. These trends, combined with the global rise in medical standards and the availability of advanced healthcare, continue to propel the demand for albumin worldwide.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Albumedix Ltd
• Biotest AG
• Celgene Corporation (Bristol-Myers Squibb Company)
• CSL Limited
• Grifols SA
• HiMedia Laboratories
• Medxbio Pte Ltd
• Merck KGaA
• Octapharma AG
• Takeda Pharmaceutical Company Limited
• Thermo Fisher Scientific Inc.
• Ventria Bioscience Inc

Albumin Market Segmentation:

Our report has categorized the market based on region, product, application and end use industry.

Breakup by Product:

• Human Serum Albumin
• Bovine Serum Albumin
• Recombinant Albumin

Breakup by Application:

• Therapeutics
• Drug Formulation and Vaccine
• Component of Media
• Others

Breakup by End User:

• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Research Institutes

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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