Global Albumin Market is set to rise from its initial estimated value of USD 791.25 million in 2018 to an estimated value of USD 1214.32 million in 2026, registering a CAGR of 5.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the increase in production of immunoglobulins and the development of plant based albumin.
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Few of the major competitors currently working in the albumin market are Octapharma, CSL Behring LLC, Baxter International, Inc, HiMedia Laboratories, MedxBio Pte. Ltd., Novozymes A/S., Mitsubishi Tanabe Pharma, Sigma-Aldrich Corporation, China Biologic Products Inc., and Thermo Fisher Scientific, Biotest AG, Kedrion S.p.A, Celgene Corporation, Grifols, S.A., InVitria, , Albumin Therapeutics, LLC, . RayBiotech, Inc., SeraCare Life Sciences, Albumedix, among others.
What Managed Albumin Market Research Offers:
- Managed Albumin Industry gives assessments for the regional level analysis with Production, Sales, Consumption, Imports and Exports
- Managed Albumin industry provides manufacturers with basic information, product category, sales revenue, price, and gross margin (2019-2026)
- Managed Albumin market forecasts for a minimum of 7 years of all the mentioned segments
- Supply chain trends mapping the latest technological advancements
- Global Managed Albumin industry shares drivers, constraints, opportunities, threats, challenges, investment opportunities
- Strategic for the new entrants in Managed Albumin market
- Manufacturing process, suppliers, price, production and consumption analysis, mode of transport and cost analysis, industry chain analysis
- Company profiling with detailed strategies, financials, and recent developments
SEGMENTATION: GLOBAL ALBUMIN MARKET
- By Type
- Human Serum Albumin
- Bovine Serum Albumin
- Recombinant Albumin Application
- Drug Delivery
- Culture Media
- Vaccine Ingredient
- North America
- South America
- Middle East and Africa
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FACTORS DRIVING GROWTH IN ALBUMIN MARKET
High prevalence of liver disease
According to Centers for Disease Control and Prevention – United States, numbers of people diagnosed with having liver disease were 4.9 million in the country. This signifies the need of people developing a state where their livers are not able to produce albumin anymore. This is expected to cause significant demand for the product, due to its essential nature in major bodily functions such as transportation of essential vitamins, minerals and hormones.
- Rising demand of albumins in research and development activities is expected to drive the market growth
- Increase in the use of albumin for non-therapeutic applications is also expected to drive the market growth
- Adverse reactions and unreasonable use of albumin is expected to restrain the market growth
- Strict regulations by government authorities is also expected to restrain the market growth
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