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Blood Irradiation Market to Reach USD 12.8 Billion by 2031, At growth rate CAGR of 6.9%

10-25-2023 12:35 PM CET | IT, New Media & Software

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
Blood Irradiation Market to Reach USD 12.8 Billion by 2031,

The Blood Irradiation Market has become an indispensable component of the healthcare and blood banking sectors, ensuring the safety of blood products used in various medical procedures. Blood irradiation is a process that involves exposing blood components, such as red blood cells and platelets, to controlled doses of ionizing radiation. This irradiation serves two primary purposes: pathogen inactivation and prevention of graft-versus-host disease (GVHD). By inactivating pathogens, particularly viruses and bacteria, blood irradiation significantly reduces the risk of transmitting infections through blood transfusions. Furthermore, it prevents GVHD, a life-threatening condition where the immune cells in donor blood attack the recipient's body, a concern particularly relevant in certain types of blood transfusions, like those involving neonatal or immunocompromised patients. As a result, the Blood Irradiation Market is integral in enhancing the safety and reliability of blood products used in medical treatments and therapies.

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The demand for blood irradiation services and equipment has been steadily increasing due to the growing number of blood transfusions, advancements in medical treatments, and the importance of blood safety. Hospitals, blood banks, and healthcare facilities are increasingly adopting blood irradiation technology to ensure the highest standards of transfusion safety. Additionally, as regulatory bodies continue to impose stricter guidelines regarding blood safety, the Blood Irradiation Market is expected to see continued growth. Ongoing research and innovation in the field aim to make blood irradiation more efficient and cost-effective, further expanding its applications and reach in the medical field. The market's future holds potential for improved irradiation techniques, wider adoption, and a growing emphasis on enhancing patient care and safety through these critical technologies.

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Key Trends

A key trend in the Blood Irradiation Market is the increasing focus on adopting X-ray irradiation as a safer and more efficient alternative to traditional gamma-ray irradiation. X-ray irradiation technology is gaining prominence due to its lower environmental impact and reduced energy consumption, which aligns with the growing emphasis on sustainability in healthcare practices. Additionally, there is a growing recognition of the importance of pathogen reduction in blood components, further driving the market. As healthcare systems prioritize the safety and quality of transfused blood products, the implementation of novel irradiation methods, and the expansion of blood irradiation services to more healthcare facilities, are expected to remain prominent trends, providing safer and more effective solutions for blood component treatment.

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Key Drivers

The key drivers of the Blood Irradiation Market are rooted in the increasing demand for safe and pathogen-reduced blood components, driven by the growing number of medical procedures that require transfusions, including surgeries, cancer treatments, and trauma care. The emphasis on preventing transfusion-associated graft-versus-host disease (TA-GVHD) and inactivating pathogens, such as viruses and bacteria, continues to boost the adoption of blood irradiation. Additionally, advancements in irradiation technology have led to the development of more user-friendly and efficient irradiation devices, reducing the time and complexity of the process. As healthcare organizations prioritize the safety and quality of blood transfusions, the Blood Irradiation Market is expected to witness sustained growth, driven by the imperative to enhance patient care and the quality of transfused blood components while minimizing potential complications.

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Market Segmentation : Blood Irradiation Market

Blood Irradiation Market By Type : Intravenous Laser Blood Irradiation, Transcutaneous Laser Blood Irradiation, Extracorporeal Blood Irradiation

Blood Irradiation Market By Indication : Acute Leukemia, Lymphoma, Solid Tumors, Pelvic Tumors ,Others

Blood Irradiation Market By End User : Hospitals, Blood Banks, Diagnostic Clinic, Research Institutes

Blood Irradiation Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

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Key Players

Best Theratronics
Hitachi
Gilardoni
Gamma-Service
Cegelec
Rad Source
JL SHEPHERD & ASSOCIATES
Shinva Medical
NPIC

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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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