The study provides an in-depth analysis of the global albumin market with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
New York, NY -- (SBWIRE) -- 06/17/2019 -- The global albumin market was valued at $5,381 million in 2016, and is projected to reach $10,305 million at a CAGR of 9.6% from 2017 to 2023. Increase in prevalence of rare diseases, shocks, trauma, burns, and other fatalities is the major factor that contributes toward the growth of the albumin market. Moreover, other factors that fuel the market growth include increase in adoption of albumin products, growth in awareness about recombinant albumin products, and rise in non-therapeutic application of albumin as an excipient and drug formulating agent. However, stringent governmental regulations and risks of side effects associated with the use of albumin-based therapy impede the market growth. Conversely, development of cost-effective therapeutics through large scale production and high market potential in untapped emerging economies are expected to provide lucrative growth opportunities for the market.
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Albumin is globular protein found in blood plasma. Serum albumin is the most abundant plasma protein, constituting around 50% of human plasma protein. Albumin is obtained from plasma fractionation process where human serum albumin and bovine serum albumin is most widely used. Recombinant albumin is produced using recombinant techniques in rice plants, yeast species, and other cell lines. Albumin is used as blood volumizer and is employed in the treatment of various diseases including surgical blood loss, shock, burns, trauma, chronic liver disease, hypovolemia, hemorrhage, acute liver failure, hypoalbuminemia, and acute respiratory distress syndrome.
KEY MARKET PLAYERS PROFILED:
China Biologic Products, Inc.
Thermo Fisher Scientific
Baxter International Inc.
Apart from this, the valuable document weighs upon the performance of the industry on the basis of a product service, end-use, geography and end customer.
The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Albumin industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Albumin industry.
A high focus is maintained on factors such as demand and supply, production capacity, supply chain management, distribution channel, product application and performance across different countries. The report not only offers hard to find facts about the trends and innovation driving the current and future of Albumin business, but also provides insights into competitive development such as acquisition and mergers, joint ventures, product launches and technology advancements.
A quick look at the industry trends and opportunities
The researchers find out why sales of Albumin are projected to surge in the coming years. The study covers the trends that will strongly favour the industry during the forecast period, 2019 to 2023. Besides this, the study uncovers important facts associated with lucrative growth and opportunities that lie ahead for the Albumin industry.
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KEY MARKET SEGMENTS
Human Serum Albumin
Bovine Serum Albumin
Drug Formulation & Vaccine
Component of Media
Region wise performance of the Albumin industry
This report studies the global Albumin market status and forecast, categorizes the global Albumin market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
This Albumin market report holds answers to some important questions like:
- What is the status of the Albumin market that is segmented on the basis sale as well as types?
- Which segment will generate more revenue for the Albumin industry in the coming years?
- Who are the leading international Albumin brands? Which product is consumed more?
- Which countries are expected to grow at the fastest rate?
- Which factors have attributed to an increased sale worldwide?
- What is the present status of competitive development?
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