Albumin (as Excipient) Market Strategies, Challenges, Geography Trends, Business Growth, Applications and Forecast 2029, Geography Trends, Business Growth, Applications and Forecast 2027
Research Reports
May 25, 2022
Market Overview
The Albumin (as Excipient) Market is expected to grow at a CAGR of 5.10% and is expected to reach a value of USD 736 million during the forecast period. When it comes to the manufacture of drugs, the choice of excipient is crucial. Albumin has been proven to improve the lyophilized cake shape, the melting qualities of API from lyophilized granules, and the mobility of the drug substance when employed as an excipient in the preparation. The rising use of transgenic albumin-based drug carriers by biotechnology and pharmaceutical companies is one of the major factors driving the albumin industry. GlaxoSmithKline plc is using Novozymes Biopharma DK A/S’ albumin-based VELTIS breakthrough in the production of type II diabetic medications in Europe, according to a recent release.
The rising incidence of chronic diseases, technological innovations, the emergence of new markets in APAC and the Rest of the World, increased awareness of Albumin as an excipient, and the rising use of Albumin for non-therapeutic implementations are all expected to contribute to the market’s continued growth. Due to a rise in the occurrence of life-threatening diseases and conditions, such as liver injury, infections, and cardiac surgery, hypoalbuminemia is becoming increasingly widespread. Growing acceptance of albumin products, development of albumin products for non-therapeutic purposes across various areas, and increased recognition of recombinant Albumin are all contributing to the market’s growth.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7442
Market Segmentation
Based on the Application, the Albumin (as Excipient) Market has been segmented into in-vitro fertilization, medical device coating, drug formulation, vaccines, drug delivery, culture medium & stabilizers, diagnostics, and others
Based on the end-users, the Albumin (as Excipient) Market has been segmented into academic and research organizations, the pharmaceutical and biotechnology sector, and others based on the propulsion types.
Based on the region, the Albumin (as Excipient) Market has been segmented into the Americas, Europe, Asia Pacific, the middle east, and Africa.
Regional Classification
The global market for Albumin was boosted by rising R&D spending and rising diabetes rates in the Americas. According to data from the Centers for Disease Control and Prevention (CDC), around 30.3 million Americans have diabetes. During the historic forecast period, Europe was anticipated to be the second-largest market for Albumin. This is due to technological advancements and increased market participation. During the historic forecast period, it was expected that the Asia-Pacific region would expand the fastest. The Asia Pacific region’s regional marketplaces are driven by an increase in medical spending. Between 2015 and 2016, the Australian Institute of Health and Welfare reported a total health investment of USD 181 billion. Even though albumin was most popular in Europe and North America, the Middle East and Africa had the smallest share of the total albumin market.
Industry News
The major key players in the Albumin (as Excipient) Market are Albumedix A/S, Albumin Therapeutics, LLC, Baxalta Incorporated, Baxter International Inc., Biotest AG, Celgene, China Biologic Products, Inc., Grifols International, S.A, HiMedia Laboratories Pvt. Ltd., CSL Behring LLC, InVitria, Medxbio Pte Ltd., Octapharma AG, RayBiotech, Inc., SeraCare Life Sciences, Sigma-Aldrich Co. (Merck KGaA), Mitsubishi Tanabe Pharma Corporation, and Others
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/albumin-market-7442
Browse Related Reports at:
Global Cell Counting Market Research Report—Forecast till 2027
Global Interventional Cardiology Market Research Report—Forecast till 2027
Global Medical Imaging Market Research Report—Forecast till 2027
Global Surgical Navigation Systems Market Research Report—Forecast till 2027
Global Animal Model Market Research Report—Forecast till 2027
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact Information:
Contact us: Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street, 5Th Floor, New York, New York 10013 United States of America +1 628 258 0071 Email: sales@marketresearchfuture.com
Tags:
Wire, Research Newswire, English