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The global therapeutic albumin market size was valued at USD 4.42 billion in 2024. The market is projected to grow from USD 4.71 billion in 2025 to USD 7.55 billion in 2032 at a CAGR of 7.0% during the forecast period. Asia Pacific dominated the therapeutic albumin market with a market share of 54.52% in 2024.
Therapeutic albumin is a sterile, purified protein primarily derived from human blood plasma. It is widely used in the treatment of hypovolemia, burns, hypoalbuminemia, acute liver failure, and shock. Its functions include maintaining oncotic pressure and transporting hormones, enzymes, and drugs. Albumin is a naturally occurring protein that plays a crucial role in maintaining oncotic pressure and transporting various substances in the bloodstream.
The global therapeutic albumin market is witnessing significant growth due to the increasing incidence of trauma and life-threatening critical illnesses, which has led to the higher demand for these products in emergency care settings.
However, the market faces challenges due to its reliance on human-derived albumin such as limited supply, risk of pathogen transmission, and batch variability. Consequently, there is a growing demand for recombinant or advanced albumin products that offer enhanced safety, consistency, and scalability. Additionally, advancements in albumin production and purification technologies are likely to improve its availability and efficacy, thereby supporting market expansion.
Key players in the market, such as Grifols, S.A., Kedrion S.p.A., and Octapharma AG offer a range of products in multiple concentrations, tailored to meet the needs of patients with various chronic conditions. Additionally, increasing development of technologically advanced albumin formations are further boosting the company's share in the market.
Increasing Incidence of Chronic Diseases and Burns to propel Market Growth
The rising incidence of chronic diseases such as liver disorders, kidney diseases, and cancer that often require albumin for effective treatment and management is a key factor driving significant growth in the therapeutic albumin market. Additionally, an increase in burn cases has heightened the demand for albumin, particularly for fluid resuscitation and wound healing. As healthcare systems globally focus on improving patient outcomes and managing complex conditions, the therapeutic applications of albumin become increasingly vital.
Overall, the growing burden of chronic illnesses and acute injuries underscores the critical role of therapeutic albumin in modern medicine.
Production and Supply Chain Disruption to Hamper Market Growth
The complex nature of producing human-derived albumin involves several complex steps, beginning with blood donation from voluntary donors. This step is inherently limited by the availability of donors, leading to potential supply shortages. After collection, the blood must undergo rigorous purification and sterilization to ensure the safety and efficacy of the albumin produced. Moreover, any decline in donor numbers further hinders the availability of blood plasma needed for albumin extraction, thus limiting the growth of the market.
Rising Application of Albumin in Regenerative Medicine and Cell Therapy to Promote Market Growth
Rising research and development activities focused on incorporating albumin into regenerative medicine and cell therapy are creating significant growth opportunities for the therapeutic albumin market. Albumin's unique properties, including its biocompatibility, ability to stabilize proteins, and role as a carrier for various therapeutic agents, make it an invaluable component in tissue engineering and cell culture systems. It enhances the viability and efficacy of stem cells and other cellular therapies.
Furthermore, strategic activities by key market players to expand their research capabilities in developing innovative regenerative medicine using therapeutic albumin are further contributing to market growth.
Regulatory Hurdles and Cost Constraints to Challenge Market Growth
The therapeutic albumin market faces significant challenges due to regulatory hurdles. Stringent approval processes from agencies such as the U.S. FDA, EMA, and NMPA slow down product launches and require strict adherence to good manufacturing practices and pharmacopeia standards.
Additionally, the high costs associated with manufacturing and sourcing plasma proteins make production expensive, posing barriers for companies. Developing economies particularly struggle to access affordable therapeutic albumin, further limiting its widespread availability.
Increasing Clinical Studies to Develop Recombinant Albumin for Therapeutic Applications
The rising demand for albumin to treat various medical conditions, including accidents, serious burn injuries, and others requiring blood volume restoration and fluid replacement, has led to increased pressure for frequent albumin production. However, the limited supply of human serum albumin due to reliance on whole blood or donated human plasma, along with contamination risks associated with plasma-derived Human Serum Albumin (HAS), limiting efforts to fulfill the growing demand.
To combat these situations, several biotechnology companies are continuously involved in research activities to develop recombinant albumin using recombinant DNA technology. This is aimed to overcome the limitations of plasma-derived HSA, such as supply and quality inconsistencies, which are swiftly shifting the global therapeutic albumin market trends.
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The COVID-19 pandemic negatively impacted the global market. Disruption in the supply chain and interruption in plasma collection centers due to stringent guidelines hampered market growth during this period. Moreover, limited patient visits to hospitals and a shift of healthcare focus toward the COVID-19 patients eventually impeded the adoption of the products in the market.
New Product Launches and Product Approvals to Boost Human Segment's Growth
Based on source, the market is divided into human and others. The human segment is expected to hold the dominant global therapeutic albumin market share in 2024. The dominance of the segment is due to the rising prevalence of chronic diseases and the presence of key players in the market with robust product offerings of human albumin. Additionally, increasing number of regulatory approvals for new human albumin products in different concentrations further boost growth in the segment.
The others segment is expected to grow with a moderate CAGR during the forecast period. The growth of the segment is due to a shortage of human blood for producing albumin and increasing risk of blood transfusion-related diseases. Such challenges have increased the demand for albumin derived from other sources. Additionally, increasing research and development activities by key biotechnology companies to launch albumin products is expected to propel the segment's growth during the forecast period.
Rising Burn Incidences to Boost Segment Growth
Based on indication, this market is classified into hypovolemia, hypoalbuminemia, burn, and others.
The burn segment is expected to hold a dominant portion of the market due to the rising number of burn cases and increasing demand for albumin to maintain fluid loss in such conditions.
The large number of burn and trauma injuries significantly increases the demand for therapeutic albumin to maintain and restore the fluid volume of the body and thus boost the segment's growth in the market.
The hypovolemia segment is expected to grow at a substantial CAGR during the forecast period, driven by the rising number of cases leading to low extracellular fluid volume, which can result from conditions such as extreme perspiration, vomiting, diarrhea, and chronic conditions such as congestive heart failure or kidney failure. These conditions increase the demand for therapeutic albumin in fluid resuscitation in patients and thus are expected to boost the segment growth in the market.
The hypoalbuminemia and others segment is expected to grow with a moderate CAGR during the forecast period. The rising number of acute and chronic conditions such as nephrotic syndrome, hepatic cirrhosis, heart failure, and malnutrition leading to hypoalbuminemia are key drivers. Additionally, increasing approvals and product launches of albumin solutions for therapeutic uses in turn, boost the segment's growth during the forecast period.
Increasing Number of Surgical Procedures to Boost the Hospital Pharmacies Segment
Based on distribution channel, the global market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
The hospital pharmacies segment is expected to dominate the distribution channel segment in 2024. The increasing shift of patients with chronic conditions and burn cases toward hospital-based treatment is expected to boost the distribution of these products through hospital pharmacies. Additionally, the growing number of surgical procedures in hospital settings contributes to a growing demand for albumin and thus promotes the growth of the segment.
The retail pharmacy segment is expected to hold a considerable share of the market owing to the widespread accessibility of retail locations and proper storage facilities. This convenience enables patients to obtain the product closer to home.
The online pharmacies segment is expected to grow with the highest CAGR during the forecast period. This growth is fueled by increasing adoption of digital platforms, the convenience of home delivery, and expanding internet penetration.
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific Therapeutic Albumin Market Size, 2024 (USD Billion)
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The Asia Pacific market size stood at USD 2.41 billion in 2024 and is expected to dominate the global market during the forecast period. The rising incidence of burn cases and the prevalence of chronic diseases in the region are the prominent factors boosting the demand for these products. Additionally, the presence of major players in the market, with a focus on expanding its product offerings, is promoting market growth in the region.
The North American market is expected to grow with significant CAGR during forecast period. The rising prevalence of chronic diseases, strong presence of plasma donation centers, and well-established presence of key players with advanced production facilities to manufacture plasma based products such as therapeutic albumin to propel market growth in the region.
The U.S. dominated the North American region owing to the increasing demand for plasma-based products and the presence of key biopharmaceutical companies with advanced facilities in the country.
Europe held the second-largest share of the market due to the presence of key players in the market and their increased research and development activities and clinical trials to launch new products.
Latin America and the Middle East & Africa are projected to hold the smaller market share during the forecast period. The rising prevalence of chronic diseases and increasing demand for albumin products are expected to boost the region's growth in the market.
Furthermore, increasing focus of key companies toward receiving approvals for their new blood collection centers is likely to boost the manufacturing and supply of these products in the region.
Major Players Focus on Research Activities to Maintain their Position in the Market
The market exhibits a consolidated structure, with key players such as Grifols, S.A., Octapharma AG, and Kedrion S.p.A., accounting for a substantial share in 2024. These companies maintain their dominant positions through robust product offerings and strategic activities, such as acquisitions and collaborations aimed at strengthening global reach.
Other key market contributors include Takeda Pharmaceutical Company Limited, LFB, and China Biologic Products Holdings, Inc. These companies are investing in research and development, with a focus on new product launches to increase their respective market share during the forecast period.
The global therapeutic albumin market research report provides a detailed industry analysis, focusing on key aspects, such as an overview of advanced products and prevalence of key diseases in key countries. Additionally, the report highlights key industry developments such as mergers, partnerships, acquisitions, and new product launches. Besides these, it also offers insights into regional dynamics, emerging market trends and growth opportunities. Furthermore, the report comprises a detailed pipeline analysis and the impact of COVID-19 on the market.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2032 |
Historical Period | 2019-2023 |
Growth Rate | CAGR of 7.0% from 2025-2032 |
Unit | Value (USD Billion) |
Segmentation | By Source
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By Indication
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By Distribution Channel
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By Region
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Fortune Business Insights says that the global market was valued at USD 4.42 billion in 2024 and is projected to reach USD 7.55 billion by 2032.
In 2024, market value in Asia Pacific stood at USD 2.41 billion.
Registering a CAGR of 7.0%, the market will exhibit steady growth during the forecast period (2025-2032).
Based on source, the human segment is expected to lead this market during the forecast period.
The rising prevalence of chronic diseases and burn cases is the major factor driving the growth of the market.
CSL, and Octapharma AG are some of the major players in the global market.
Asia Pacific is expected to dominate the market.
The increasing research and development activities to modify the sources for albumin production to fulfill the rising demand are expected to drive the adoption of product.
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