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Albumin Market Report Scope & Overview:

The Albumin Market size was estimated at USD 0.9 billion in 2022 and is expected to reach USD 1.43 billion by 2030 at a CAGR of 6.0% during the forecast period of 2023-2030.

The most prevalent protein in blood plasma is albumin. It replenishes lost fluids and helps restore blood volume after wounds, burns, procedures, infections, and liver diseases when taken therapeutically. It aids in the stabilization of medications by reducing aggregation, oxidation, and surface absorption. In therapeutic contexts, several serum albumin types are often employed. Human serum albumin and bovine serum albumin are formed from human plasma and bovine plasma, respectively. The increased frequency of life-threatening illnesses, certain liver diseases, infections, and cardiac procedures that cause hypoalbuminemia, as well as the development of novel albumin products by a significant number of important companies, are the main drivers of the growth of the worldwide albumin market. Increased demand for albumin in research and development activities, growth in non-therapeutic albumin applications, the development of plant-based albumin, increased production of immunoglobulins, and plasma collection are all factors contributing to the albumin market's expansion.

Albumin Market Revenue Analysis

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In addition, there has been a rise in the use of albumin injections during cardiopulmonary bypass surgery as well as for treating hypoalbuminemia in patients with severe injuries and pancreatitis. Additionally, throughout the projected period, an increase in product approvals is anticipated to offer lucrative prospects for the growth of the worldwide albumin market.

MARKET DYNAMICS

DRIVERS

  • Recombinant DNA technology has had a tremendous impact on modern human existence.

Recombinant procedures may be used to safely create necessary components, such as proteins, in the lab. Recombinant DNA technology has proven to be valuable in this industry since it is a technology with a wide range of applications. When researching and creating innovative drugs to treat hypoalbuminemia, hypovolemia, and other disorders, manufacturers frequently use recombinant albumin. Because it safeguards the serum's immunological, biological, and biochemical qualities, the product dominates the R&D market.

RESTRAIN

  • Even though hypoalbuminemia and hypovolemia are on the rise in different parts of the world, the use of albumin is restricted due to issues like stringent government restrictions and a dearth of therapeutic solutions.

OPPORTUNITY

  • Integrating nanotechnology and recombinant DNA technology.

Has created new opportunities for the biotechnology industries with the increased use of proteins. Hence, businesses are making significant investments in the market. Moreover, the expansion of the global albumin market has been fuelled by the advancement of novel drugs that have increased sales due to their therapeutic potential against hypoalbuminemia.

CHALLENGES

  • A negative albumin response.

Despite being rare, some people can become allergic to albumin. These responses can include everything from minor side effects like skin rashes, itching, or hives to more serious ones like tightness in the chest, breathing difficulties, or anaphylaxis. Allergic reactions are more prevalent in those who have known protein allergies, such as those to albumin or other proteins.

IMPACT OF RUSSIA-UKRAINE WAR

Regulation Changes The war may result in modifications to import and export laws in both Russia and Ukraine. These modifications may have an impact on the import and export of albumin goods, which may cause delays or restrict how these items are transported across borders. Market Uncertainty The conflict's associated geopolitical tensions and uncertainty may add to general market volatility. Businesses and investors could take a cautious stance, which might have an effect on plans for market expansion, research and development, and investments in albumin-related goods.

IMPACT OF ONGOING RECESSION

Cost-Conscious In a downturn, efficiency and cost conservation are frequently given more priority. This can prompt medical professionals to look at cheaper alternatives to albumin-based goods or alternative therapies, which might have an effect on albumin demand. Conversely, recessions can also lead to an increase in the prevalence of specific medical disorders or operations. For instance, there can be an increase in trauma cases, burn injuries, or surgeries during economic downturns. The need for albumin as a medication or blood volume expander may increase in such circumstances. Pricing Pressures during a recession may make consumers, especially healthcare providers, more price-sensitive. Because of this, albumin producers and suppliers can experience pricing pressure and need to modify their pricing strategies in order to stay competitive.

KEY MARKET SEGMENTATION

By Type

  • Human Serum Albumin

  • Recombinant Albumin

  • Bovine Serum Albumin

By Application

  • Drug Delivery

  • Therapeutics

  • Culture Media Ingredient

  • Vaccine Ingredient

  • Others

Albumin Market Segmentation Analysis

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REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSES

Due to the rising prevalence of serious illnesses like liver and kidney diseases, the presence of major players, the expansion of the healthcare industry, and the introduction of new albumin products, North America commanded the lion's share of the global albumin market in 2020 and is predicted to retain its dominance throughout the forecast period.

From 2022 to 2030, Asia-Pacific is anticipated to see the greatest CAGR of 7.8%, thanks to rising chronic illness prevalence, a rise in surgical procedures that lead to hypoalbuminemia, and the growth of the healthcare sector.

Key Players 

The major players are Baxter International Inc., China Biologic Products, Inc, CSL Limited, Grifols, S.A., Merck KGaA, Novozymes, Octapharma AG, Takeda Pharmaceuticals Inc., Thermo Fisher Scientific, Ventria Bioscience and others.

China Biologic Products, Inc-Company Financial Analysis

Company Landscape Analysis

RECENT DEVELOPMENTS

Apotex Corp:

The generic form of Abraxane, Paclitaxel protein-bound particles for injection (albumin-bound), was introduced by Apotex Corp. in the US in April 2022.

Bio Products Laboratory:

The National Medical Products Administration (NMPA) for China received a license to commercialize the ALBUMINEX 26% product in China, Bio Products Laboratory (BPL) announced in January 2022.

Albumin Market Report Scope:

Report Attributes Details
Market Size in 2022  US$ 0.9 Bn
Market Size by 2030  US$  1.43 Bn
CAGR   CAGR of 6.0 % From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Human Serum Albumin, Recombinant Albumin, Bovine Serum Albumin)
• By Application (Drug Delivery, Therapeutics, Culture Media Ingredient, Vaccine Ingredient, Others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Baxter International Inc., China Biologic Products, Inc, CSL Limited, Grifols, S.A., Merck KGaA, Novozymes, Octapharma AG, Takeda Pharmaceuticals Inc, Thermo Fisher Scientific, Ventria Bioscience
Key Drivers • Recombinant DNA technology has had a tremendous impact on modern human existence.
Market Restraints • Even though hypoalbuminemia and hypovolemia are on the rise in different parts of the world, the use of albumin is restricted due to issues like stringent government restrictions and a dearth of therapeutic solutions.

 

Frequently Asked Questions

Ans: The CAGR Growth rate of Albumin Market is approx. CAGR 6.0% over the forecast.

Ans: The projected size of Albumin Market was estimated USD 0.9 billion in 2022 and is expected to reach USD 1.43 billion by 2030.

Ans: The major key players are Baxter International Inc., China Biologic Products, Inc, CSL Limited, Grifols, S.A., Merck KGaA, Novozymes, Octapharma AG, Takeda Pharmaceuticals Inc, Thermo Fisher Scientific, Ventria Bioscience and others.

Ans: In 2022, the market will be led by the human category.

Ans: The drug formulation segment holds the largest share in global biggest market.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Albumin Market Segmentation, By Type
8.1 Human Serum Albumin
8.2 Recombinant Albumin
8.3 Bovine Serum Albumin

9. Albumin Market Segmentation, By Application
9.1 Drug Delivery
9.2 Therapeutics
9.3 Culture Media Ingredient
9.4 Vaccine Ingredient
9.5 Others

10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Albumin Market, by Country
10.2.2North America Albumin Market, By Type
10.2.3 North America Albumin Market, By Application
10.2.4 USA
10.2.4.1 USA Albumin Market, By Type
10.2.4.2 USA Albumin Market, By Application
10.2.5 Canada
10.2.5.1 Canada Albumin Market, By Type
10.2.5.2 Canada Albumin Market, By Application
10.2.6 Mexico
10.2.6.1 Mexico Albumin Market By Type
10.2.6.2 Mexico Albumin Market By Application
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Albumin Market by Country
10.3.1.2 Eastern Europe Albumin Market By Type
10.3.1.3 Eastern Europe Albumin Market By Application
10.3.1.4 Poland
10.3.1.4.1 Poland Albumin Market By Type
10.3.1.4.2 Poland Albumin By Application
10.3.1.5 Romania
10.3.1.5.1 Romania Albumin Market By Type
10.3.1.5.2 Romania Albumin Market By Application
10.3.1.6 Hungary
10.3.1.6.1 Hungary Albumin Market By Type
10.3.1.6.2 Hungary Albumin Market By Application
10.3.1.7 Turkey
10.3.1.7.1 Turkey Albumin Market By Type
10.3.1.7.2 Turkey Albumin Market By Application
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Albumin Market By Type
10.3.1.8.2 Rest of Eastern Europe Albumin Market By Application
10.3.2 Western Europe
10.3.2.1 Western Europe Albumin Market by Country
10.3.2.2 Western Europe Albumin Market By Type
10.3.2.3 Western Europe Albumin Market By Application
10.3.2.4 Germany
10.3.2.4.1 Germany Albumin Market By Type
10.3.2.4.2 Germany Albumin Market By Application
10.3.2.5 France
10.3.2.5.1 France Albumin Market By Type
10.3.2.5.2 France Albumin Market By Application
10.3.2.6 UK
10.3.2.6.1 UK Albumin Market By Type
10.3.2.6.2 UK Albumin Market By Application
10.3.2.7 Italy
10.3.2.7.1 Italy Albumin Market By Type
10.3.2.7.2 Italy Albumin Market By Application
10.3.2.8 Spain
10.3.2.8.1 Spain Albumin Market By Type
10.3.2.8.2 Spain Albumin Market By Application
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Albumin Market By Type
10.3.2.9.2 Netherlands Albumin Market By Application
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Albumin Market By Type
10.3.2.10.2 Switzerland Albumin Market By Application
10.3.2.11 Austria
10.3.2.11.1 Austria Albumin Market By Type
10.3.2.11.2 Austria Albumin Market By Application
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Albumin Market By Type
10.3.2.12.2 Rest of Western Europe Albumin Market By Application
10.4 Asia-Pacific
10.4.1 Asia Pacific Albumin Market by Country
10.4.2 Asia Pacific Albumin Market By Type
10.4.3 Asia Pacific Albumin Market By Application By Type
10.4.4 China
10.4.4.1 China Albumin Market By Type
10.4.4.2 China Albumin Market By Application
10.4.5 India
10.4.5.1 India Albumin Market By Type
10.4.5.2 India Albumin Market By Application
10.4.6 Japan
10.4.6.1 Japan Albumin Market By Type
10.4.6.2 Japan Albumin Market By Application
10.4.7 South Korea
10.4.7.1 South Korea Albumin Market By Type
10.4.7.2 South Korea Albumin Market By Application
10.4.8 Vietnam
10.4.8.1 Vietnam Albumin Market By Type
10.4.8.2 Vietnam Albumin Market By Application
10.4.9 Singapore
10.4.9.1 Singapore Albumin Market By Type
10.4.9.2 Singapore Albumin Market By Application
10.4.10 Australia
10.4.10.1 Australia Albumin Market By Type
10.4.10.2 Australia Albumin Market By Application
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Albumin Market By Type
10.4.11.2 Rest of Asia-Pacific APAC Albumin Market By Application
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Albumin Market by Country
10.5.1.2 Middle East Albumin Market By Type
10.5.1.3 Middle East Albumin Market By Application
10.5.1.4 UAE
10.5.1.4.1 UAE Albumin Market By Type
10.5.1.4.2 UAE Albumin Market By Application
10.5.1.5 Egypt
10.5.1.5.1 Egypt Albumin Market By Type
10.5.1.5.2 Egypt Albumin Market By Application
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Albumin Market By Type
10.5.1.6.2 Saudi Arabia Albumin Market By Application
10.5.1.7 Qatar
10.5.1.7.1 Qatar Albumin Market By Type
10.5.1.7.2 Qatar Albumin Market By Application
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Albumin Market By Type
10.5.1.8.2 Rest of Middle East Albumin Market By Application
10.5.2 Africa
10.5.2.1 Africa Albumin Market by Country
10.5.2.2 Africa Albumin Market By Type
10.5.2.3 Africa Albumin Market By Application
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Albumin Market By Type
10.5.2.4.2 Nigeria Albumin Market By Application
10.5.2.5 South Africa
10.5.2.5.1 South Africa Albumin Market By Type
10.5.2.5.2 South Africa Albumin Market By Application
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Albumin Market By Type
10.5.2.6.2 Rest of Africa Albumin Market By Application
10.6 Latin America
10.6.1 Latin America Albumin Market by Country
10.6.2 Latin America Albumin Market By Type
10.6.3 Latin America Albumin Market By Application
10.6.4 Brazil
10.6.4.1 Brazil Albumin Market By Type
10.6.4.2 Brazil Africa Albumin Market By Application
10.6.5 Argentina
10.6.5.1 Argentina Albumin Market By Type
10.6.5.2 Argentina Albumin Market By Application
10.6.6 Colombia
10.6.6.1 Colombia Albumin Market By Type
10.6.6.2 Colombia Albumin Market By Application
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Albumin Market By Type
10.6.7.2 Rest of Latin America Albumin Market By Application

11. Company Profile
11.1 Baxter International Inc.
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 China Biologic Products, Inc.
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 CSL Limited.
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Grifols, S.A.
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Merck KGaA.
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Novozymes.
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Octapharma AG.
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Takeda Pharmaceuticals Inc.
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Thermo Fisher Scientific.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Ventria Bioscience
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View

12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions

13. USE Cases and Best Practices

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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