How the Albumin Excipient Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theAlbumin Excipient Market?
The escalating incidence of persisting illnesses is predicted to drive the expansion of the albumin excipient market. These chronic conditions are long-term diseases that may worsen over a period that lasts more than three months. Albumin, a predominant circulating protein in plasma utilized as a blood volume enhancer, serves as a versatile protein carrier for drug targeting. It boosts the pharmacokinetic profile of peptide or protein-based drugs used in treating various ailments, including cancer and diabetes. For instance, the World Health Organization, a United Nations entity based in Switzerland, forecasted in February 2024 that there will be more than 35 million fresh instances of cancer by 2050. This signifies a 77% surge in contrast to the projected 20 million cases in 2022. Thus, the increasing incidence of chronic illnesses is pushing the growth of the albumin excipient market.
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#What is the Growth Potential of the Albumin Excipient Market, and How Will It Perform by 2034?
In recent times, the market size of the albumin excipient has seen robust growth. It is projected that it will expand from $4.85 billion in 2024 to $5.2 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. The historic growth in this market can be ascribed to several factors. These include the expansion of the biopharmaceutical industry, the increased uptake of biologics, the rising incidence of chronic diseases, advances in clinical procedures and drug innovation, and an increased emphasis on drug delivery.
There is an anticipation of robust enlargement for the albumin excipient market in the coming years, expanding to a size of “$6.77 billion by 2029 at a compound annual growth rate (CAGR) of 6.8%. Factors contributing to the growth during the prediction period include the ongoing extension of biopharmaceuticals, an escalating biologics pipeline, an increasing elderly populace, worldwide vaccination drives, and increasing investments in drug development. Key trends during the forecast period involve properties that are both biodegradable and biocompatible, research collaborations and partnerships, regulatory compliance and quality standards, cell therapy applications, as well as customization and tailored solutions.
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Which Cutting-Edge Market Trends Are Expected to Drive theAlbumin Excipient Market’s Growth?
Prominent organizations in the albumin excipient market are embracing a strategic partnership method to cater to the critical biotechnology and pharmaceutical sectors. The concept of strategic partnerships involves companies utilizing each other’s skills and resources to gain mutual advantages and triumph. For example, in October 2023, ARTES Biotechnology GmbH, a German biotechnology company, collaborated with Basic Pharma, a pharmaceutical company based in the Netherlands, to enhance recombinant protein production. Their objective with this collaboration is to expedite the manufacture of pharmaceutical recombinant protein by optimizing the supply chain and curtailing the time-to-market for new products.
What Are the Leading Market Players Impacting theAlbumin Excipient Market’s Growth Trend?
Major companies operating in the albumin excipient market include Albumin Therapeutics LLC, Biotest AG, CSL Behring,Grifols S.A., HiMedia Laboratories LLC, InVitria Inc., Medxbio Pte Ltd., Octapharma AG, RayBiotech Inc., SeraCare Life Sciences Inc., Sigma-Aldrich Pty. Ltd., Hualan Biological Engineering Inc., Kedrion Biopharma, LFB USA Inc., Shanghai RAAS Blood Products Co. Ltd., Baxter International Inc., Merck KGaA, Thermo Fisher Scientific Inc., Albumedix A/S, Bio Products Laboratory Ltd., Shire Plc., Ventria Bioscience Inc., Novartis AG, China Biologic Products Holdings Inc., ProMetic Life Sciences Inc., Sanquin, Biopharma, Takeda Pharmaceutical Company Limited, FUJIFILM Irvine Scientific Inc.
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How Are the Key Segments of the Albumin Excipient Market Driving Opportunities and Innovations?
The albumin excipient market covered in this report is segmented –
1) By Product: Human Serum Albumin, Recombinant Albumin
2) By End-Users: Pharmaceutical And Biotechnology Industry, Research Institutes, Other End Users
Subsegments:
1) By Human Serum Albumin: 5% Human Serum Albumin, 20% Human Serum Albumin
2) By Recombinant Albumin: Recombinant Human Serum Albumin, Recombinant Bovine Serum Albumin
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theAlbumin Excipient Market?# Market Expansion?
North America was the largest region in the Albumin Excipient market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global albumin excipient market report during the forecast period. The regions covered in the albumin excipient market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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