Surge in prevalence of rare diseases and various life-threatening conditions, preferences for recombinant albumin, and development of cost-effective therapeutics drive the demand for different types of albumin.
Surge in prevalence of rare diseases and various life-threatening conditions, preferences for recombinant albumin, and development of cost-effective therapeutics drive the demand for different types of albumin. Moreover, research activities that determine the effectiveness of albumin are gaining momentum across the world. The treatment options for different conditions are explored by scientists and findings have been presented in the research journals. In addition, innovations by key players and surge in number of product approvals present opportunities in the coming years. According to the report published by Allied Market Research, the global albumin market is estimated to reach $8.95 billion by 2030. Following are some of the activities taking place across the world.
Researchers have been providing finding various applications of targeted human albumin in patients with various conditions. They found that target human albumin solutions raised levels of serum sodium in patients suffering from cirrhosis and hyponatremia. In addition, patients that were treated with human albumin solution (HAS) experienced a higher resolution of hyponatremia. On the other hand, the comparator group that had no albumin and other decompensated cirrhosis patients found prone to develop spontaneous renal dysfunction or bacterial peritonitis.
Researchers from the UCL Institute for Liver and Digestive Health carried out a comparison between standard care and targeted albumin. They found that the targeted albumin infusions increased serum sodium levels in hospitalized patients with decompensated cirrhosis with baseline of hyponatremia. However, the standard of care does not improve the short-term outcomes. The research also outlined that the extension of albumin use is not recommended for treatment of hyponatremia in patients suffering from decompensated cirrhosis.
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The demand for human serum albumin is expected to increase in the next few years. This is attributed to rise in R&D activities in the pharmaceutical industry, surge in demand for development of different types of drugs, and increase in adoption of albumin products. However, the adoption of recombinant albumin is expected to grow considerably during the forecast period, owing to rise in number of surgeries of patients suffering from hypoalbuminemia and increase in number of development activities of albumin by major players.
The demand from North America is expected to increase in the coming years, due to its usage in treatment of life-threatening disorders such as liver and kidney diseases, development of the healthcare sector in the region, and presence of new albumin products. The drug formulations and vaccine development activities will rise in the region.