The blood irradiation market in North America is expected to grow from US$ 29.02 million in 2022 to US$ 42.61 million by 2028. It is estimated to grow at a CAGR of 6.6% from 2022 to 2028.
Increase in Communicable and Noncommunicable Disease Prevalence Favors North America Blood
Irradiation Market Growth
In North America, there has been a rise in the incidence of blood transfusion procedures owing to the surge in surgical procedures, accidents, trauma cases, and disorders; and the rising prevalence of bloodstream infections. Bloodstream infections are the major cause of illness and death among large populations. Bloodstream infections, as well as underlying conditions, and invasive procedures are common among the geriatric population. The rising awareness about these infections and elevated immune response to transfused blood can lead to complications. There is a high prevalence of communicable and noncommunicable diseases, including cancer, cardiovascular disorders, chronic renal disease, and stroke, in North American countries. Blood transfusion may be a common step adopted during the treatment of these diseases. Cellular blood components are irradiated before undertaking the transfusion process. The irradiation prevents transfusion associated-graft versus host disease (TA-GVHD) among recipients by averting the proliferation of viable T lymphocytes. The increasing use of irradiated blood for the treatment of cancer patients strengthens the immune system and improves overall health.
Market Overview
The North American blood irradiation market has been segmented into the US, Canada, and Mexico. The US held the largest share of the market in 2022. The US accounts for a significant share of the blood irradiation market in North America. Increasing demand for organ transplantation followed by increasing prevalence of both communicable and non-communicable diseases is likely to increase the demand for blood irradiation market. The four major diseases responsible for the death in the United States are Cardiovascular diseases, Diabetes, Cancer and Chronic respiratory diseases. Thus, the increasing research and development in the country is anticipated to boost the US blood irradiation market growth during the forecast period.
North America Blood Irradiation Market Revenue and Forecast to 2028 (US$ Million)
North America Blood Irradiation Market Segmentation
The North America blood irradiation market is segmented into type, indication, end user, and country.
Hitachi, Ltd.; Best Theratronics Ltd.; Rad Source Technologies; Gilardoni S.p.A.; Typenex Medical, and Actemium are the leading companies operating in the blood irradiation market in the region.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 29.02 Million |
| Market Size by 2028 | US$ 42.61 Million |
| CAGR (2022 - 2028) | 6.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Blood Irradiation Market is valued at US$ 29.02 Million in 2022, it is projected to reach US$ 42.61 Million by 2028.
As per our report North America Blood Irradiation Market, the market size is valued at US$ 29.02 Million in 2022, projecting it to reach US$ 42.61 Million by 2028. This translates to a CAGR of approximately 6.6% during the forecast period.
The North America Blood Irradiation Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Blood Irradiation Market report:
The North America Blood Irradiation Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Blood Irradiation Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Blood Irradiation Market value chain can benefit from the information contained in a comprehensive market report.
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