Overview:
rHu albumin is a recombinant fusion protein that consists moieties derived from human serum albumin and human granulocyte colony stimulating factor. These moieties possess potential granilopoietic activity. rHu is used in cell culture media as well as in stem cell therapy. It is also known as a stabilizer and nutrient supplement in the cell culture medium. It is also used in cryopreservation for stem cell therapy.
Global rHu albumin market is expected to show a CAGR of 10.0% during the forecast period (2022-2030).
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Market Drivers:
Players in the market are focusing on investment, and this is expected to propel growth of the global rHu albumin market during the forecast period. For instance, a leading chemical pharmaceutical company, Merck KGaA, announced the investment of US$ 19.5 million in the new distribution and manufacturing center located in Mumbai, India of the company in February 2018.
Impact of COVID-19:
The global rHu albumin market was positively impacted by the epidemic of COVID-19. The pandemic has affected several industries as supply and demand of products were disrupted, and production and distribution operations were also hampered. However, the market in discussion witnessed steady growth during the pandemic as research and development activities for vaccines continued. The demand for rHu albumin was increased in pandemic, to be used in vaccine production as stabilizers. Thus, the market witnessed positive impact of the pandemic.
Key Takeaways:
North America is anticipated to witness substantial growth in the global rHu albumin market during the forecast period. This is owing to rise in funding for production of vaccines in the region. For instance, the National Institute of Allergy and Infectious Diseases announced to allocate US$ 577 million in May 2022 towards establishment of nine centers for antiviral drug discovery for pandemic pathogens.
Key Players:
Key players active in the global rHu albumin market are Albumin Bioscience, Abcam Plc, Merck KGaA, Albumedix, Shandong Kingtone Biotechnology Co.,Ltd. HiMedia Laboratories Pvt. Ltd., InVitria, Lee Biosolutions, Inc. ScienCell Research Laboratories, Inc. and Lazuline Biotech Private Limited
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 rHu Albumin Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: rHu Albumin Industry Impact
Chapter 2 Global rHu Albumin Competition by Types, Applications, and Top Regions and Countries
2.1 Global rHu Albumin (Volume and Value) by Type
2.3 Global rHu Albumin (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global rHu Albumin Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America rHu Albumin Market Analysis
Chapter 6 East Asia rHu Albumin Market Analysis
Chapter 7 Europe rHu Albumin Market Analysis
Chapter 8 South Asia rHu Albumin Market Analysis
Chapter 9 Southeast Asia rHu Albumin Market Analysis
Chapter 10 Middle East rHu Albumin Market Analysis
Chapter 11 Africa rHu Albumin Market Analysis
Chapter 12 Oceania rHu Albumin Market Analysis
Chapter 13 South America rHu Albumin Market Analysis
Chapter 14 Company Profiles and Key Figures in rHu Albumin Business
Chapter 15 Global rHu Albumin Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
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