The global blood irradiation market was valued at USD 66.0 million in 2021 and it is anticipated to grow further till USD 128.1 million in 2031, at a CAGR of 6.9% during the forecast period.
To stop the proliferation of specific types of T cells, blood components are radioactively treated before being transfused. Due to white blood cell transfusion generated by these T lymphocytes, a rare condition known as graft-versus-host disease (GVHD) with serious complications might occur. A small number of white blood cells have the ability to identify the various blood types in the body that can result in fatal sickness or serious illness. UV, X-rays, and other radioactive techniques are used to cure radioactively contaminated blood. Patients with cancer benefit from blood irradiation treated with UV rays because it boosts the immune system and enhances general health.
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Market Trends and Drivers
The growth of the global blood irradiation market is anticipated to be fueled by an increasing number of people who are susceptible to various communicable and non-communicable diseases (NCDs), including cancer, chronic renal disease, high blood pressure, stroke, and cardiovascular disorders. For instance, the World Bank’s 2016 report estimates that there were 7.44 billion people on the planet. In 2018, the World Health Organization (WHO) reported that non-communicable illnesses were responsible for around 41 million deaths worldwide, or 71% of all fatalities. Additionally, 17.9 million deaths each year are caused by cardiovascular illnesses, which are followed by diabetes (1.6 million), other respiratory diseases (3.9 million), and cancer (9.0 million) in that order. The rising incidence of non-communicable diseases increases consumer desire for faster blood stream treatment, which is anticipated to significantly fuel market expansion for blood irradiation.
Market Restraints and Challenges
The development of the worldwide blood irradiation market is expected to be constrained by medical system regulation legislation and a shortage of qualified specialists in developing economies. Problems and difficulties associated with blood component irradiation include delayed transfusions, high costs, failure to irradiate, when necessary, increased potassium accumulation in and shortened shelf life of RBC units, and decreased RBC recovery.
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Major Players in the Global Blood Irradiation Market
The key players studied in the report are Best Theratronics, Hitachi, Gilardoni, Gamma-Service, Cegelec, Rad Source, JL SHEPHERD & ASSOCIATES, Shinva Medical, and NPIC among others.
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