The Albumin Market choice of excipient is an important factor in the formulation of pharmaceuticals. Albumin as excipient in formulation has been reported to improve lyophilized cake formation, dissolving properties of API from lyophilized powder, and solubility.
The adverse reactions associated with albumin, rising shift toward serum-free solutions, and unfavorable reimbursement policies can hamper the market growth over the forecast period. The global Albumin Market is expected to grow at an approximate CAGR of 6.1% during forecast period, 2018–2023.
Rising adoption of recombinant albumin-based drug delivery systems by pharmaceutical and biotechnology companies is one of the key factors driving the Albumin Market. Various other factors such as increasing prevalence of chronic conditions, technological advancements, emerging markets in APAC and RoW, rising awareness about albumin as excipient, and increase in usage of albumin for non-therapeutic applications are also expected to propel the growth of the market.
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Top Key Players
Some of the key players in the global Albumin Market are Albumedix A/S, Albumin Therapeutics, LLC, Baxalta Incorporated, Baxter International Inc., Biotest AG, CSL Behring LLC, Celgene, China Biologic Products, Inc., Grifols International, S.A, HiMedia Laboratories Pvt. Ltd., InVitria, Medxbio Pte Ltd., Mitsubishi Tanabe Pharma Corporation, Octapharma AG, RayBiotech, Inc., SeraCare Life Sciences, Sigma-Aldrich Co. (Merck KGaA), and others.
Albumin Market Segmentation
The global albumin (as excipient) market is segmented based on type, application, end user, and region.
Types- human serum albumin, bovine serum albumin, and recombinant albumin. The human serum albumin segment is anticipated to hold the largest market share owing to the increasing cases of chronic conditions such as, cardiac disorders, infectious diseases, and others.
Application– drug formulation, drug delivery, vaccines, medical device coating, culture media & stabilizers, diagnostics, in vitro fertilization, and others.
End- User- pharmaceutical & biotechnology industry, academic and research institutes, and others.
LIST OF TABLES
Table 1 Albumin (As Excipient) Market Synopsis, 2018–2023
Table 2 Albumin (As Excipient) Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Albumin (As Excipient) Market, By Region, 2018–2023 (USD Million)
Table 4 Global Albumin (As Excipient) Market, By Type, 2018–2023 (USD Million)
Table 5 Global Albumin (As Excipient) Market, By Application, 2018–2023 (USD Million)
Table 6 Global Albumin (As Excipient) Market, End User, 2018–2023 (USD Million)
Various other factors such as increasing prevalence of chronic conditions, technological advancements, emerging markets in APAC and RoW, rising awareness about albumin as excipient, and increase in usage of albumin for non-therapeutic applications are also expected to propel the growth of the market.
Geographically Considering the current scope of the study, the above-mentioned segments are covered into the four global regions, namely the Americas, Europe, Asia-Pacific and the Middle East & African region.
The Albumin Market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada. The European Albumin Market has been segmented into Western Europe and Eastern Europe. Western Europe has been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Albumin Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Albumin Market in the Middle East & Africa has been segmented into the Middle East and Africa.
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Chapter 8. Global Albumin Market, By Region
8.2.1 North America
8.2.2 South America
8.3.1 Western Europe
18.104.22.168 Rest Of Western Europe
8.3.2 Eastern Europe
8.4.5 South Korea
8.4.6 Rest Of Asia-Pacific
8.5 Middle East & Africa
8.5.1 Middle East
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