According to IMARC Group latest report titled “Albumin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on albumin market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global albumin market size reached US$ 6.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 9.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.

Albumin is a crucial protein primarily produced by the liver and found in blood plasma. It serves multiple essential functions in the human body, including the maintenance of osmotic pressure, which aids in the transport of various substances, such as hormones, vitamins, and enzymes. It is also involved in wound healing and tissue regeneration. Albumin is commonly measured as part of blood tests to evaluate liver or kidney function, as well as to assess nutritional status. Low levels of albumin in the blood may indicate liver disease, kidney dysfunction, or malnutrition, while elevated levels are generally less common and may be indicative of acute infections or dehydration. The protein is also used in medical settings for treatments such as fluid replacement therapy in instances of severe burns or shock. Due to its critical role in bodily functions, understanding albumin levels can offer valuable insights into an individual's overall health. With its multiple applications in healthcare, albumin remains an essential biomarker for diagnosing and monitoring various medical conditions.

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Market Trends:

The global market is majorly driven by the growing prevalence of liver diseases and conditions, such as hypovolemia, where albumin is frequently used as a therapeutic plasma protein. In addition to its role in the treatment of liver conditions, albumin is also used as a stabilizing component in pharmaceutical formulations, thereby widening its scope of application. Moreover, the rise in surgical procedures requiring albumin products, such as wound healing and burns treatment, is supporting the growth of the market. Besides, the aging global population, with its attendant increase in healthcare needs, is further fueling the demand for albumin. Furthermore, continual technological advancements in the methods of albumin production and purification have enabled manufacturers to meet this rising demand more efficiently. Also, the rising awareness about the critical role of albumin in various medical treatments is creating a positive market outlook.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Albumedix Ltd
• Biotest AG
• Celgene Corporation (Bristol-Myers Squibb Company)
• CSL Limited
• Grifols SA
• HiMedia Laboratories
• Medxbio Pte Ltd
• Merck KGaA
• Octapharma AG
• Takeda Pharmaceutical Company Limited
• Thermo Fisher Scientific Inc.
• Ventria Bioscience Inc

Albumin Market Segmentation:

Our report has categorized the market based on region, product, application and end use industry.

Breakup by Product:

• Human Serum Albumin
• Bovine Serum Albumin
• Recombinant Albumin

Breakup by Application:

• Therapeutics
• Drug Formulation and Vaccine
• Component of Media
• Others

Breakup by End User:

• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Research Institutes

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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