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How has the albuked market grown over the years?

In recent times, the albuked market size has seen a rise of XX% (HCAGR). Forecasts indicate that the market will expand from a worth of $XX million in 2024 to an anticipated worth of $XX million in 2025, maintaining a compound annual growth rate (CAGR) of XX%. This growth during the historic period is largely due to a surge in medical conditions, expanded therapeutic applications, heightened demand in burgeoning markets, a boost in the aging demographic, and advancements in plasma fractionation technology.

What Is the forecasted market size and growth rate for the albuked market?

Predictions suggest that the albuked market size will witness an XX (FCAGR) in the coming years and is projected to surge to $XX million by 2029 with a Compound Annual Growth Rate (CAGR) of XX%. The expected growth during the forecast period is owing to the escalating occurrences of chronic diseases, heightened awareness amongst medical professionals, surging demand, the expansion of critical care units, and further awareness amongst medical professionals. The key trends predicted during the forecast period include expansion of recombinant albumin, dominance of the therapeutics segment, an increase in diagnostics demand, a shift towards drug delivery systems, and the presentation of potential market opportunities.

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What are the major factors driving growth in the albuked market?

The escalation in liver disorder cases is predicted to spur the expansion of the albuked market. Liver disorders incorporate a range of conditions that compromise liver function, including hepatitis, cirrhosis, fatty liver disease, and autoimmune diseases. The growth in liver disorders can be attributed to factors such as excessive alcohol intake, obesity, viral infections, toxins, and genetic susceptibilities that impact liver health. Albuked serves as a treatment for liver conditions, especially in managing acute liver failure cases. It plays a role in maintaining plasma colloid osmotic pressure and binding excess bilirubin in patients who are experiencing rapid liver function deterioration, consequently possibly averting complications such as coma. For example, in September 2023, as reported by the American Liver Foundation, a non-profit organization in the US, liver disease afflicts over 100 million people in America. Of these, 4.5 million adults amounting to 1.8% have been formally diagnosed and it is projected that 80-100 million American adults suffer from fatty liver disease, with many oblivious of their condition. Moreover, according to information from the Journal of Hepatology, a peer-reviewed monthly journal based in Switzerland, in August 2023, liver disease was the cause of more than 2 million deaths every year, contributing to approximately 4% of global mortality. This equates to one in every 25 deaths resulting from liver-related issues. Importantly, a third of these deaths involve women. Out of all liver diseases, liver cancer singlehandedly results in 600,000 to 900,000 deaths annually. Hence, the surge in liver disorder incidence is facilitating the growth of the Albuked market.

What key areas define the segmentation of the global albuked Market?

The albukedmarket covered in this report is segmented –

1) By Formulation: Albuked 5%; Albuked 25%; Plasbumin-5; Plasbumin-25

2) By Indication: Hypovolemic Shock; Hypoproteinemia; Acute Respiratory Distress Syndrome (ARDS); Cardiopulmonary Bypass; Acute Liver Failure

3) By Packaging Size: 50 mL; 250 mL; 500 mL

4) By Distribution Channel: Hospitals And Clinics; Retail And Specialty Pharmacies

5) By End User: Adult Patients; Geriatric Patients

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What are the top market players propelling the growth of the albuked industry?

Major companies operating in the albuked market include Kedrion Biopharma Inc.

What are the key trends shaping the future of the albuked market?

In the Albuked market, the primary trend is centered on the creation of innovative products such as human albumin injection therapy which provide treatment alternatives for severe health conditions. The term human albumin injection therapy pertains to the application of human serum albumin (HSA), a protein sourced from human plasma, in a variety of medical treatments. It is predominantly used in clinical environments for managing issues like hypoalbuminemia, liver cirrhosis, trauma, and burns, as well as in surgeries where replenishment of body fluids is required. For example, Grifols S.A., a company from Spain that manufactures medicines derived from plasma, announced in July 2023 the completion of phase 3 of PRECIOSA, a study designed to evaluate the possibilities of prolonged albumin-based treatment using Albutein from Grifols S.A. The goal of this clinical study is to extend the survival period of patients stricken with decompensated cirrhosis and ascites until a suitable transplant can be arranged.

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What regions are dominating the albuked market growth?

North America was the largest region in the albuked market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the albuked market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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