Industry Background:
Blood irradiation refers to the process of exposing blood to ionizing radiation. This procedure is typically performed using ultraviolet (UV) light or X-rays. Blood irradiation can be done in various ways, including external irradiation or intravenous exposure. Blood irradiation can be used to inactivate pathogens present in donated blood products, such as red blood cells, platelets, or plasma. Irradiation helps prevent the replication of viruses, bacteria, and other microorganisms that may be present in the blood components, reducing the risk of transfusion-transmitted infections.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Wuhan HNC Technology Co., Ltd. (China), O3Vets (United States), STS Steuerungstechnik + Strahlenchutz GmbH (Germany), Best Theratronics (Canada), Hitachi (Japan), Gilardoni (Italy), Gamma-Service Recycling GmbH (Germany), Cegelec (France), Rad Source Technologies (United States) and JL SHEPHERD & ASSOCIATES (United States) |
This growth is primarily driven by Rising Number of Blood-Related Diseases across the Globe and High Prevalence of Communicable and Non-communicable Diseases.
Globally, a noticeable market trend is evident Increasing Prevalence of Inherited Immune System Disorder
The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Wuhan HNC Technology Co., Ltd. (China), O3Vets (United States), STS Steuerungstechnik + Strahlenchutz GmbH (Germany), Best Theratronics (Canada), Hitachi (Japan), Gilardoni (Italy), Gamma-Service Recycling GmbH (Germany), Cegelec (France), Rad Source Technologies (United States) and JL SHEPHERD & ASSOCIATES (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations.
Manufacturers are focusing on developing automated blood irradiation systems that can integrate with blood banks and transfusion centers. These systems streamline the irradiation process, reduce human error, and ensure standardized and efficient treatment of blood products.
Regulatory Insights:
"The US NRC requires increased security measures to reduce the risk of unauthorized use of radioactive materials for gamma irradiators. The US Office of Radiological Security (ORS) offers federally funded security enhancements for radioisotope-based blood irradiators that are above and beyond the NRC’s Part 37 requirements – see Additional Resources section."
Influencing Trend:
Increasing Prevalence of Inherited Immune System Disorder and High Demand for Patients with Hodgkin’s Disease
Market Growth Drivers:
Rising Number of Blood-Related Diseases across the Globe and High Prevalence of Communicable and Non-communicable Diseases
Challenges:
Stringent Government Regulation Related to Device Used for Blood Irradiation
Restraints:
The High Cost Associated with Blood Irradiation and The Risk Related to the Gamma-ray Blood Irradiation
Opportunities:
Rising Healthcare Expenditure in Developing and Developed Countries and Growing Technological Advancement
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Blood Irradiation Market
- Analysis about New Entrants in Blood Irradiation Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Blood Irradiation Study Sheds Light on
The Blood Irradiation Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Blood Irradiation industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blood Irradiation industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.