Global Coagulation Albumin Market Overview:
The albumin is a plasma-derived product found in blood, they are the carrier of various materials such as hormones, vitamins, and enzymes. Low albumin levels in the body can be a symptom or a problem with your liver or kidneys. The coagulated albumin helps in the coagulation process in severe conditions. The coagulated albumin is mainly used in treatments of Hepatitis, Measles, rubella, etc. The storage condition of plasma that is albumin which is coagulated is difficult to store and transform. Some of the key players profiled in the study are KM Biologics (Japan), Baxter (United States), Grifols (Germany), CSL Limited (Australia), Octapharma AG (Switzerland), Biotest (Germany), Kedrion Biopharma (Italy), Hualan Bio (China), CNBG (China) and Shanghai RAAS (China).
On the basis of geography, the market of Coagulation Albumin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Albumin content, the sub-segment i.e. 5% will boost the Coagulation Albumin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pharmaceutical companies will boost the Coagulation Albumin market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased In Liver-Related Disorder
- Increase In Hepatitis Patients Worldwide
Market Trend
- Growing Use Albumin Fusion Technology
Restraints
- Storage Problem
- Freezing Required To Store Long Time
Opportunities
- Growing Use In Different Blood Related Disease
- Clinical Trials And Research Going On For Coagulated Albumin Applications
Challenges
- Expensive Product
- Availability Problem
Major Market Developments:
On 2nd December 2019 Baxter international agreed to acquire Sprafilm adhesive barrier and related assets from Sanofi. The agreement is the latest example of Baxter’s continued focus on acquiring products and technologies that have a strong strategic fit with the company leading portfolio across the hospital including in the operating room. The transaction closing of USD 350 million and is expected to close no later than the first quarter of 2020.
On 6TH November 2019, Baxter and Ayogo Launch CKD&Me Patient Empowering Digital Education Tool at Kidney Week 2019. Baxter International Inc a global innovator in renal care, and Ayogo Health Inc, a behavioral science, digital health company, today announced the pilot of CKD and Me in several nephrology practices across the United States. Baxter and Ayogo partnered to build CKD &Me, a unique app for smartphones and tablets that tailors its educational content to chronic kidney disease (CKD) patients’ individual learning needs. Baxter is debuting the digital learning tool with hands-on demonstrations in its booth.
The FDA’s Center for Biologics Evaluation and Research (CBER) regulates the collection of blood and blood components used for transfusion or the manufacture of pharmaceuticals derived from blood and blood components, such as clotting factors, and establishes standards for the products themselves. CBER also regulates related products such as cell separation devices, blood collection containers and HIV screening tests that are used to prepare blood products or to ensure the safety of the blood supply. CBER develops and enforces quality standards, inspects blood establishments and monitors reports of errors, accidents and adverse clinical events.
The companies are launching their products in the category of blood and blood products including albumin. Due to sensitivity, the guidelines related to this product are strict compared to other products. Even though companies have tough competition in the market to lead the business and earn more profit. They also use the option of mergers and acquisitions to catch the market and lead the market.
Target Audience:
Blood product manufacturers, Research Firms, Hospitals, Government Sectors and Clinical trial centers
Major Objectives Focused through this Study
To define, describe, and forecast the Global Coagulation Albumin market on the basis of product [Liquid, Powder and Frozen Plasma] , application [Infectious Hepatitis, Measles/Rubella, Fluid Therapy and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Coagulation Albumin market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Coagulation Albumin industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are China Biologic Products ((CBPO) (China), LFB Group (France), BPL Plasma (United States) and Sichuan Yuanda Shuyang (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Coagulation Albumin market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.