Bovine serum albumin serves diverse roles in various fields. It finds applications in diagnostics, research, and biotechnology, functioning as a protein stabilizer, blocking agent, and enzyme marker. Its exceptional binding capabilities aid in assays such as ELISA. Bovine serum albumin's stable nature makes it suitable for calibrating instruments and validating methods. In molecular biology, it aids in DNA/RNA isolation and gel electrophoresis. These attributes, coupled with its safety and versatility, render bovine serum albumin a fundamental component in scientific research, diagnostics, and medical technologies.
According to Data Bridge Market Research the Global Bovine Serum Albumin Market is accounted at USD 5.58 billion in 2021 is expected to reach the value of USD 18.42 billion by 2029. The market is expected to grow with a CAGR of 16.1% in the forecast period of 2022 to 2029.
“Increasing prevalence of chronic diseases boosts the market’s growth”
The bovine serum albumin market experiences substantial growth due to the increasing prevalence of chronic diseases. Bovine serum albumin is vital for applications such as diagnostics, drug delivery, and research in diseases such as cancer, cardiovascular ailments, and diabetes. As the demand for advanced medical research and therapies rises, so does the need for high-quality biomolecules such as bovine serum albumin, driving market expansion and innovation in various medical and pharmaceutical sectors.
What restraints the growth of the global bovine serum albumin market?
“Adverse reactions restraints the market’s growth”
The expansion of the bovine serum albumin market faces constraints due to apprehensions regarding potential adverse reactions. Certain individuals might exhibit allergic responses to products derived from bovine sources, triggering vigilance among both consumers and healthcare practitioners. This heightened caution affects the willingness to adopt these products, particularly in applications such as vaccines, pharmaceuticals, and research.
Segmentation: Global Bovine Serum Albumin Market
The global bovine serum albumin market is segmented on the basis of product and application.
- On the basis of product, the bovine serum albumin market is segmented into human serum albumin, bovine albumin, and recombinant serum albumin.
- On the basis of application, the bovine serum albumin market is segmented into therapeutic, drug delivery, culture media, vaccine ingredient, and others.
Regional Insights: Asia-Pacific is expected to dominate the Global Bovine Serum Albumin Market
Asia-Pacific is expected to hold the largest percent share of the global market due to the growing utilization of albumin in disease treatment, owing to its therapeutic properties, which propels market expansion. The region's substantial patient population boosts demand for albumin-based therapies. Moreover, a heightened emphasis on improved diagnostic methods drives the adoption of albumin for diagnostic purposes.
Recent Developments
- In April 2022, Apotex Corp. introduced a generic iteration of Abraxane, known as Paclitaxel protein-bound particles for injection (albumin-bound), to the U.S. market.
- In January 2022, Bio Products Laboratory (BPL) revealed that China's National Medical Products Administration (NMPA) had approved the license to distribute the ALBUMINEX 25% product within the Chinese market.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-bovine-serum-albumin-market
The Prominent Key Players Operating in the Global Bovine Serum Albumin Market Include:
- Thermo Fisher Scientific (U.S.)
- Bio-Rad Laboratories, Inc (U.S.)
- Merck KGAA (Germany)
- Itoham Yonekyu Holdings Inc (Japan)
- Proliant Biologicals (U.S.)
- Kraeber & Co Gmbh (Germany)
- Rockland Immunochemicals Inc (U.S.)
- Rocky mountain biologicals (U.S.)
- BelHealth investment partners, LLC (U.S.)
- Bio-Techne Corporation (U.S.)
- Prospec-Tany Technogene Ltd (Israel)
- LGC Group (U.K.)
- Promega Corporation (U.S.)
- Biological Industries (Israel)
- Serion GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global bovine serum albumin market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Bovine Serum Albumin Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
