Industry Background:
Albumin is a type of protein produced by the liver, which is present in the blood. Human serum albumin are albumins obtained from human plasma. Recombinant albumin is manufactured using recombinant techniques in bacteria & viruses. The albumins are a family of globular proteins. The most albumins are the serum albumins. Albumin family proteins are water-soluble, moderately soluble in concentrated salt solutions, & experience heat denaturation. Albumins are usually found in blood plasma & differ from other blood proteins in that they are not glycosylated.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Octapharma AG (Switzerland), CSL Behring LLC (United States), Baxter International, Inc. (United States), MedxBio Pte. Ltd. (Singapore), Novozymes A/S. (Denmark), Mitsubishi Tanabe Pharma Corporation (Japan), Sigma-Aldrich Corporation (United States), China Biologic Products Inc. (China), Thermo Fisher Scientific (United States) and InVitria (United States) |
According to AMA, the market for Human Albumin is expected to register a CAGR of 6.2% during the forecast period to 2030. This growth is primarily driven by Increasing Production of Immunoglobulins, High Demand for Albumin in R&D Activities and Increasing Plasma Collection.
Globally, a noticeable market trend is evident Increasing Non-Therapeutic Application of Albumin The Pharmaceuticals sector in the Asia-Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Octapharma AG (Switzerland), CSL Behring LLC (United States), Baxter International, Inc. (United States), MedxBio Pte. Ltd. (Singapore), Novozymes A/S. (Denmark), Mitsubishi Tanabe Pharma Corporation (Japan), Sigma-Aldrich Corporation (United States), China Biologic Products Inc. (China), Thermo Fisher Scientific (United States) and InVitria (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Developments in the Market:
In January 2020, Takeda Pharmaceutical Company Limited has announced the completion of its acquisition of Shire plc. Values-based, R&D-driven biopharmaceutical company.
In March 2021, Albumedix Ltd. announced a distribution agreement with FUJIFILM Wako Pure Chemical Corporation for the Japanese and Chinese markets, including Hong Kong. This partnership aims to address the shortage of high-quality and consistent human albumin in these regions.
Influencing Trend:
Increasing Non-Therapeutic Application of Albumin
Market Growth Drivers:
Increasing Production of Immunoglobulins, High Demand for Albumin in R&D Activities and Increasing Plasma Collection
Challenges:
Pricing Pressure Met By Key Players in the Market and High Competition from Substitute Products
Restraints:
Irrational Uses & Hostile Reactions Related With Albumin and Strict Regulations
Opportunities:
Increasing Applications of Albumin and Emphasis on Emerging Regions to Offer Immense Potential
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Human Albumin Market
- Analysis about New Entrants in Human Albumin Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Human Albumin Study Sheds Light on
The Human Albumin Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Human Albumin industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Human Albumin industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.