The use of albumin to treat multiple types of deficiencies, including those related to blood volume, is giving an impetus to market growth. It is a high-utility, human-derived protein that has applications across a spectrum of medical operations. Conditions such as hypoalbuminemia, caused by severe injuries, and rapid protein loss due to third-degree burns can be effectively managed through intravenous administration of albumin. Furthermore, albumin administration is the last resort when nutritional supplements fail to control pancreatitis. The biological functions of albumin are studied and reviewed in tremendous detail across research facilities and medical centers. In light of these factors, it is safe to assert that the global albumin market holds lucrative prospects for several market entities.
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The success of albumin tests has raised awareness levels about deficiency of protein albumin in the blood. These tests have further helped in evaluating and diagnosing liver and kidney conditions in humans. Therefore, the demand for albumin is projected to rise at a sturdy pace in the years to follow. Advancements in medical research have unraveled new techniques for intravenous administration of albumin. The healthcare industry continues to study the impacts of albumin deficiency, and the corresponding treatment lines that involve the use of human-derived protein albumin.
Albumin Injections Sold Under Multiple Brand Names in the US Could Create Fresh Demand
The effectiveness of albumin (human) injection in treating hypovolemia and hypoalbuminemia is projected to drive sales across the global market. These injections are sold under multiple brand names in the US, and their usage depends on the condition under treatment. For instance, prolonged hypovolemia in conjunction with hypoalbuminemia (hydrated) can be treated or managed with the use of Flexbumin® 25%. Some of the other brand names authorized for sale in the US include Albutein, Kedbumin, Albumarc, Plasbumin, and Albuked 5. The sale of these injections is slated to support the growth of the global albumin market.
Need for Regulatory Compliance and Mandatory Consent to Administer Albumin Constrains Growth
In several parts of the world, plasma-derived products such as albumin can only be administered after taking prior consent from the patients. Moreover, blood product identification by two independent clinicians is also mandatory across various facilities. These prerequisites could slow-down the process of albumin administration. However, the humongous utility of plasma-derived albumin for treating liver and pancreatic diseases shall uphold its popularity across the medical industry. The pathogen safety of albumin is another important driving its usage and adoption in medical treatments.
Some of the leading companies manufacturing albumin are Takeda Pharmaceutical Company, Grifols S.A., CSL Limited, Novozymes, Merck KGgA, Kedrion S.P.A., Seracare Life Sciences, Shanghai Raas, and Hualan Biologics. The COVID-19 pandemic caused a setback to the leading vendors due to disruptions to the global plasma supply chain. However, in the later stages of the pandemic, there came an increased demand for plasma, giving a recovery boost to the supply chain. The leading vendors are focusing on perfecting recombinant techniques for manufacturing albumin, and this factor shall improve the prospects of market expansion.
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