The global coagulation albuminmarket is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Increasing demand for high-quality industrial valves in pharmaceuticals healthcare and other industries is expected to drive the global coagulation albumin market. In addition, their ability in reducing the risk of contamination further drives the need for coagulation albumin at present. The increasing prevalence of chronic diseases worldwide is one of the key drivers of market growth. Albumin is widely used in the treatment of hypovolemia, acute respiratory distress syndrome, nephrosis, kidney dialysis, liver failure, cardiopulmonary disorders, and hypoalbuminemia.
Additionally, the increase in the number of older people, who are more susceptible to these diseases, gives impetus to market growth. The COVID-19 pandemic has also led to an increase in albumin use in drug development and the development of sustainable vaccines. In addition, the widespread adoption of human serum albuminfor protein supplementation in human plasma and storage of plasma colloid oncotic pressure serves as another growth factor. It also helps prevent the conversion of active protein ingredients, thus making it more profitable in the production of vaccines. Other factors, including the introduction of albumin-based nanoparticles, as well as extensive research and development activities in the field of biotechnologyare expected to further market growth during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape-Biotest AG, CSL Ltd., Hualan Bio, Grifols S.A., and Octapharma AG, among others.
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Global Coagulation Albumin Market Report by Segment
By Type
- Liquid
- Powder
By Application
- Infectious Hepatitis
- Measles
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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