Albumin (as Excipient) Market In-depth Analysis, Business Strategies, and Growth Rate
                     Albumin (as Excipient) Market Outlook 2028
 The global albumin (as excipient) market was valued at US$ 891.7 Mn in 2020
 It is estimated to expand at a CAGR of 6.2% from 2021 to 2028
 The global albumin  (as  excipient)  market is  expected to  reach  the value of US$ 1.4
Bn by the end of 2028
Analysts’ Viewpoint on Albumin (as Excipient) Market Scenario
In  order  to  emerge  resilient  to  the  coronavirus  pandemic,  companies  in  the  albumin  (as
excipient) market are expected to adopt contingency planning across departments to revive
organizational  revenue  and  capital  expenditure.  Extraction  of  recombinant  human  serum
albumin and processing incurs significant cost & expertise. Additionally, it requires expert staff
to handle operations, as the recombinant technology attracts stringent laws and regulations.
Moreover, cost associated with the refinement of recombinant albumin to attain high purity is a
major concern among the industry players. This acts as a major restraint of the albumin (as
excipient) market.  Hence,  companies  should  work  closely  with  governments  in  developed
economies of North America and Europe to employ supportive regulatory policies that help to
lower the cost of albumin production. They should diversify business activities in developing
economies such as India and China to capitalize on value-grab opportunities.
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Albumin Ideal as an Excipient in Vaccine and Drug Production
Companies in the albumin (as excipient) market are launching chemically defined, blood and
plant hydrolysate-free cell culture media for vaccine manufacturing that outperforms popular
VERO media by enabling robust VERO cell expansion and production of difficult-to-express virus
types.
Albumin is  being widely used as a  versatile drug carrier  in systems such as albumin fusion
protein,  albumin-drug  nanoparticles,  and  pro-drugs.  It  is  used  as  a  drug  carrier  for  the
treatment of various diseases such as rheumatoid arthritis, diabetes, cancer, and hepatitis.
It  also  has  the  ability  to  bind  to  extraordinarily  diverse  range  of  molecules,  as  it  provides
depository for various compounds. These factors make albumin most suitable to be used as an
excipient in vaccine and drug production.
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Manufacturers Cater to Mission-critical Projects amid Coronavirus Pandemic
Companies in the albumin (as excipient) market are maintaining optimum inventory levels to
cater  to  mission-critical  projects  in  the  healthcare  industry  amid  the  ongoing  coronavirus
pandemic. China is presently witnessing a decline in new COVID-19 infections and showing signs
that supply chains are recovering; however, the U.S. and other parts of the world are bracing
themselves, as the production & movement of goods are slow. Manufacturers based in the
Western Hemisphere have been making significant progress in the past few years to secure
themselves against volatility in supply from Asia, and China in particular, by moving the bulk
production to their respective countries.
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High Cost and Expertise Required to Set-up Production Plants Affecting Market Growth
The  increase  in  usage  of  albumin  as  multifunctional  excipient,  shift  toward  the  usage  of
recombinant albumin, and grant of regulatory approvals are key factors driving the albumin (as
excipient) market. However, high cost and expertise required to set up production plants and
stringent regulatory criteria are restraining growth rate of the market. Nevertheless, emerging
markets such as India, China, Brazil, and South Africa present significant opportunities in the
albumin (as excipient) market,  owing to the growing contract research manufacturing.  Such
findings are helping stakeholders in the albumin (as excipient) market to diversify their business
activities in regions where regulatory standards are comparatively easier to adhere with.
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Technological developments in drug formulation and drug delivery and increase in access to
technologies such as use of albumin in cell culture media present lucrative opportunities for
investors.  Hence,  investments  by  manufacturers  in  these  developing  markets,  increase  in
contract  research  manufacturing,  and  rise  in  demand  &  awareness  among  end  users  are
expected to boost the growth of the albumin (as excipient) market.
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