The Growing Demand for Albumin in Medical Therapies: A Comprehensive Market Analysis
Market trends and growth opportunities for albumin in medical treatments
The demand for albumin in medical therapies has been growing steadily in recent years, and the market trends indicate promising growth opportunities for the albumin industry. Albumin, a protein found in blood plasma, plays a crucial role in various medical treatments due to its unique properties and therapeutic benefits.
One of the key factors driving the demand for albumin is the increasing prevalence of chronic diseases such as liver cirrhosis, kidney disorders, and cardiovascular diseases. Albumin infusion is a common therapy used to manage these conditions, as it helps to stabilize blood volume and maintain proper fluid balance in the body. As the incidence of these diseases continues to rise globally, the demand for albumin is expected to grow significantly.
In addition to its use in chronic disease management, albumin is also gaining popularity in other medical specialties. It is widely used in critical care settings, particularly for patients with severe burns, trauma, or sepsis. The ability of albumin to enhance fluid resuscitation and modulate inflammatory responses makes it an invaluable resource in emergency medicine.
The albumin market is also witnessing growth due to advancements in drug delivery technologies. Albumin-based drug formulations are being developed and utilized in targeted therapies for the treatment of cancer, autoimmune diseases, and genetic disorders. These advanced therapies offer improved drug stability, extended half-life, and targeted delivery, thereby increasing the efficacy of treatment and reducing side effects. The rising demand for personalized medicine is expected to further drive the growth of albumin-based therapies in the coming years.
Top Key Players Covered in The Albumin Market
Albumedix Ltd. (UK), Albumin Bioscience (US), Biotest AG (Germany), CSL Behring (US), Grifols International SA (Spain), HiMedia Laboratories Pvt. Ltd. (India), InVitria (US), Medxbio Pte. Ltd. (Singapore), MilliporeSigma (US), Octapharma AG (Switzerland), RayBiotech Inc. (Georgia), Seracare Life Sciences Inc. (the US), Akron Biotech (US), Bristol-Myers Squibb Company (US)
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Albumin use in medical therapies
Albumin is primarily used in intravenous therapies to treat critically ill patients, maintain plasma volume, and support various medical procedures. Its unique properties, such as oncotic pressure regulation and binding capacity with drugs, make it an essential component in a wide range of medical treatments.
One of the key applications of albumin is its use as a plasma expander. During surgeries or medical procedures that involve significant blood loss, albumin infusion helps to restore and maintain blood volume. It acts as a colloidal osmotic agent, preventing fluid from leaking out of blood vessels and ensuring adequate tissue perfusion. This property is particularly valuable in situations where crystalloid solutions alone are insufficient.
Albumin is also used in the pharmaceutical industry for the formulation of drugs that require protein binding. Its ability to bind with various medications, such as antibiotics and anticoagulants, enhances their stability and prolongs their circulation time in the body. By conjugating drugs with albumin, targeted drug delivery to specific tissues or cells can be achieved, resulting in improved therapeutic outcomes.
In recent years, albumin has gained attention in regenerative medicine and tissue engineering as well. Researchers are exploring the potential of albumin in promoting tissue regeneration and wound healing. The unique biochemical properties of albumin, including its antioxidant and anti-inflammatory effects, make it a promising candidate for developing novel therapies in this field.
In conclusion, the growing demand for albumin in medical therapies is driven by several factors, including the increasing prevalence of chronic diseases, advancements in drug delivery technologies, and its crucial role in critical care settings. As the medical industry continues to evolve, albumin-based therapies hold immense potential for addressing a wide range of medical conditions and improving patient outcomes.
Bovine serum albumin and human serum albumin are albumins obtained from bovine and human plasma, respectively.
Recombinant albumin is manufactured using recombinant techniques in bacteria and viruses.China is the largest consumption place, with a consumption market share nearly 53.9% in 2017.
Following China, North America is the second largest consumption place with the consumption market share of 20% in 2017.Market competition is intense.
CSL, Grifols, Shire (Baxalta), Octapharma, Hualan Bio are the leaders of the industry, and have been formed in the monopoly position in the industry.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-albumin-2019-2024-962According to this study, over the next five years the Albumin market will register a 6.7% CAGR in terms of revenue, the global market size will reach US$ 6070 million by 2024, from US$ 4380 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Albumin business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Albumin market by product type, application, key manufacturers and key regions and countries.This study considers the Albumin value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Human Serum AlbuminBovine Serum AlbuminRecombinant AlbuminSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.TherapeuticsVaccine IngredientCulture Medium IngredientOtherThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.CSLGrifolsShire (Baxalta)OctapharmaHualan BioCBPORAASKedrionMerckLFB GroupAlbumedixThermo Fisher ScientificVentria (InVitria)In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global Albumin consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Albumin market by identifying its various subsegments.Focuses on the key global Albumin manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Albumin with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Albumin submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/life-sciences/global-albumin-2019-2024-962Table of content2019–2024 Global Albumin Consumption Market Report1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Albumin Consumption 2014–20242.1.2 Albumin Consumption CAGR by Region2.2 Albumin Segment by Type2.2.1 Human Serum Albumin2.2.2 Bovine Serum Albumin2.2.3 Recombinant Albumin2.3 Albumin Consumption by Type2.3.1 Global Albumin Consumption Market Share by Type (2014–2019)2.3.2 Global Albumin Revenue and Market Share by Type (2014–2019)2.3.3 Global Albumin Sale Price by Type (2014–2019)2.4 Albumin Segment by Application2.4.1 Therapeutics2.4.2 Vaccine Ingredient2.4.3 Culture Medium Ingredient2.4.4 Other2.5 Albumin Consumption by Application2.5.1 Global Albumin Consumption Market Share by Application (2014–2019)2.5.2 Global Albumin Value and Market Share by Application (2014–2019)2.5.3 Global Albumin Sale Price by Application (2014–2019)3 Global Albumin by Players3.1 Global Albumin Sales Market Share by Players3.1.1 Global Albumin Sales by Players (2017–2019)3.1.2 Global Albumin Sales Market Share by Players (2017–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
