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Global Blood Irradiation Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type, Application & Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Forecast (2021 to 2026)
As per our research report, the size of the global blood irradiation market is projected to be growing at a CAGR of 5.49% from 2021 to 2025 and was worth USD 62.24 million in 2021.
Irradiation of human blood is used to prevent transfusion-associated graft-versus-host disease, which causes the devastating side effects of leukocytes in the blood component for immunocompetent transfusion recipients.
The increasing prevalence of COVID-19 will influence this studied market growth over the forecast period. The market has seen a gradual increase with the rising incidence of blood cancers across the globe. There is a tremendous demand for personalized therapies for patients in need of treatment, which is anticipated to drive the market in the years to come. Although between 2020-2021, the market growth has been slow due to restrictions on hospital visits and the overburden in the healthcare sector.
Graft versus host disease (GVHD) is a rare but severe complication following blood transfusions. The need for blood transfusions in the years to come is anticipated to drive the blood irradiation market. According to the Royal Children's Hospital in Melbourne, transfusion-associated GVHD occurs when lymphocytes from the transfused blood donor cause reaction in the host body, resulting in diarrhea, hepatitis, and pancytopenia, fever, chills, and rash.
The increasing use of blood components in medical facilities and blood irradiation to help prevent and control the GVHD is estimated to drive market growth. According to estimates, nearly 90% of deaths in people with GVHD. According to the Department of Health and Human Services, about 500 blood irradiators irradiated about 2.5 million units of blood in 2014. According to the 2016 World Bank report, the world's population has reached 7,500 million, which will increase the use of blood irradiation. In addition, the high prevalence of sickle cell disease has led to an increase in the demand for blood transfusions. According to the American Red Cross, sickle cell anemia affects over a million people in North America, and over 1,000 babies suffer from this disease each year. In addition, according to the American Cancer Society, approximately 1.8 million people were diagnosed with cancer in 2017.
The increasing prevalence of noncommunicable diseases is driving the demand for faster treatment of the bloodstream, which is projected to boost the blood irradiation market's growth significantly. According to a 2018 report from the World Health Organization, non-communicable diseases cause an estimated 42 million deaths each year, equivalent to 72% of all deaths worldwide. Cardiovascular disease is responsible for 18 million deaths each year, followed by other respiratory diseases at 4 million), diabetes at 1.8 million) and cancer with over 9 million deaths, respectively.
Additionally, Advancing Transfusion Cellular Therapies Worldwide (AABB) works with the Food and Drug Administration (FDA) to ensure appropriate irradiation guidelines and regulations for blood products, thereby supporting the blood irradiator market with safe and limited use.
However, the high cost of irradiators and the lack of awareness among the people about the uses and benefits of irradiators are expected to hamper the market's growth. Additionally, stringent regulatory policies regarding medical systems and the lack of qualified professionals in emerging economies are likely to impact the market's development negatively.
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