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This market research study identifies CSL Behring, Grifols, Baxalta, Octapharma, and Kedrion as the key players in the global human albumin market. A comprehensive analysis of this market is also presented in terms of application (replacement therapy, drug formulation and delivery, and vaccines) and by geography (Americas, APAC, and EMEA).
According to the human albumin industry analysis, the global human albumin market is anticipated to witness steady growth and will post a CAGR of nearly 5% over the forecast period. Human albumin was initially used only as a volume replacement therapy; however, extensive research has shown that human albumin has numerous applications in other therapeutic areas as well. For instance, Grifols is exploring the use of the product to stabilize Alzheimer’s disease. Moreover, drugs containing human serum albumins, such as Levemir and Abraxane are used to treat diabetes and metastatic breast cancer, respectively. Furthermore, the on-going research and augmented adoption of albumin in the new therapeutic areas will boost this market’s growth during the predicted period.
The development of recombinant albumin is one of the emerging trends likely to propel the human albumin market growth prospects over the next four years. Human serum albumin is obtained from blood plasma, which may be collected from different individuals resulting in the risk of contracting various pathogenic infections. Also, the lack of blood donors limits the quantity of albumin produced. Therefore, the increasing need to produce albumin from alternative sources with fewer side effects led to the use of transgenic expression systems, such as bacterial and yeast expression systems or transgenic insect cells, avian eggs, and plants. This results in the mass production of simple proteins such as albumin by inexpensive methods. Besides this, recombinant albumin is also extracted from cattle milk and by gene expression.
The fluid replacement or volume replacement therapy segment is one of the fastest growing sectors of the market as replacement therapy is essential in the treatment of severe anemia. Albumin can be used in the form of a plasma expander during cardiopulmonary bypass surgeries, or for treating sepsis in individuals with liver cirrhosis, burns, or critically ill patients. It is also used to treat hypoalbuminemia and shock. This factor will increase the overall human albumin market revenue.
In terms of geography, the APAC region dominated the global human albumin market and accounted for more than 45% of the market share during 2015. China was the highest revenue contributor because of the increased demand for albumin. A rising patient population and easy availability of drugs will aid in the growth of this market. Moreover, the increased awareness about the therapeutic potential of immunoglobulins is expected to affect the growth of this market in APAC.
The competition in the global human albumin market is intense due to the presence of several well-established vendors such as CSL, Grifols, Baxalta, Octapharma, Kedrion, and China Biologics. The competitive environment in this market is expected to intensify with an increase in product or service extensions. The competition among the leading players is anticipated to increase as they enter into partnerships or acquire distributors to increase their sales and expand their businesses worldwide.
Key vendors in this market are
Other prominent vendors in the market are AADi, Ablynx, Albumedix, Ampio Pharmaceuticals, Azaya Therapeutics, Beijing Tiantan, Biotest, Bristol-Myers Squibb, Celgene, ConjuChem, GSK, Hebei Changshan Biochem Pharma, HiMedia Laboratories, Hualan Biological Engineering, InVitria, MedxBio, Merck, Mitsubishi Tanabe Pharma, NantBioScience, Novo Nordisk, Novozymes, Shanghai RAAS, Sucampo Pharmaceuticals, Teva Pharmaceuticals, Thermo Fisher, Tianjin SinoBiotech & Beijing Bio-Fortune, Ventria Bioscience, and Yoshitomi.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Plasma therapeutics: An overview
PART 06: Global plasma therapeutics market
PART 07: Plasma fractionation market
PART 08: Albumin: An overview
PART 09: Pipeline portfolio
PART 10: Global albumin market
PART 11: Market landscape
PART 12: Market segmentation by application
PART 13: Geographical segmentation
PART 14: China albumin market
PART 15: Market drivers
PART 16: Impact of drivers
PART 17: Market challenges
PART 18: Impact of drivers and challenges
PART 19: Market trends
PART 20: Vendor landscape
PART 21: Appendix
PART 22: Explore Technavio
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