Global Albumin Market Definition
Albumin is a type of protein produced by the liver. This protein helps in keeping the blood flowing through the veins and arteries and helps in keeping the blood away from the tissues in the human body. It also helps in transferring of various hormones, essential vitamins and minerals throughout the human body. Low albumin in human body induces the need for adoption of synthetically injecting it into the human body to avoid any complications.
According to Data Bridge Market Research new Market report, global albumin market will account to an estimated USD 791.25 million in 2018 growing at a CAGR of 5.5% during the forecast period of 2019 to 2026.
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Global Albumin Market Segmentation
Global albumin market is segmented on the basis of type, application and geography.
By Type (Human Serum Albumin, Bovine Serum Albumin, Recombinant Albumin), Application (Drug Delivery, Therapeutics, Culture Media, Vaccine Ingredient, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Key Market Competitors
Few of the major competitors currently working in the fetal bovine serum market are Thermo Fisher Scientific, GENERAL ELECTRIC COMPANY, Merck KGaA, TCS Biosciences Ltd., HiMedia Laboratories, Bio-Techne, PAN-Biotech, Rocky Mountain Biologicals, Bovogen Biologicals Pty Ltd., Tissue Culture Biologicals, Access Biologicals, Animal Technologies Inc., Nucleus Biologics, Biological Industries, Corning Incorporated, J R Scientific Inc., Moregate Biotech, Wisent Inc, and Zhejiang Tianhang Biotechnology Co. Ltd.
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