Albumin-based therapies such as Idelvion (CSL654 rIX-FP) by CSL Behring received marketing approval from the US FDA in March 2016 and from the EMA in May 2016. Apart from these, Albutropin (TV-1106) by Teva Pharmaceuticals, Ampion by Ampio Pharmaceuticals, and Albutein by Grifols (for Alzheimer's disease) are expected to enter the market during 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 albumin, 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 APAC region dominated the global human albumin market and accounted for most of the market share during 2017. 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.
In 2018, the global Human Albumin market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Human Albumin status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Human Albumin development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Market segment by Application, split into
Drug Formulation & Vaccine
Component of Media
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Human Albumin status, future forecast, growth opportunity, key market and key players.
To present the Human Albumin development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Human Albumin are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.