Market Overview:
The global blood irradiation equipment market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of infectious diseases, rising demand for safe and quality blood products, and technological advancements in blood irradiation equipment. Based on type, the global blood irradiation equipment market is segmented into X-ray blood irradiation equipment and gamma-ray blood irradiation equipment. The gamma-ray segment is expected to grow at a higher CAGR than the X-ray segment during the forecast period. This can be attributed to the growing preference for gamma radiation over other types of radiation due its high efficiency and low cost of ownership.
Product Definition:
blood irradiation equipment is a device used to sterilize blood products by exposing them to low levels of radiation. This helps reduce the risk of infection in recipients.
X-ray Blood Irradiation Equipment:
X-ray blood irradiation equipment is used for the treatment of cancer, arthritis, and bone diseases. The growth factor in the market is mainly due to factors such as increasing incidences of these chronic diseases along with rising awareness about advanced technologies in this field.
Gamma-ray Blood Irradiation Equipment:
Blood irradiation equipment is used for the treatment of cancer and blood disorders. It utilizes a high-intensity, gamma-ray beam to destroy abnormal cells in the body. The process does not affect healthy cells and can be repeated multiple times until all tumors are destroyed.
The global Gamma-ray Blood Irradiation (GBR) Equipment market size was valued at USD 648.5 million in 2016.
Application Insights:
Based on the application, the global market is segmented into blood bank, hospitals and research institutions. The blood bank held the largest share of revenue in 2017 owing to its wide applications in storing and transfusing blood. Irradiation process helps maintain the safety, quality as well as quantity of donor-donor units. Thus, it has a significant impact on increasing efficiency and reducing cost associated with it. These factors are anticipated to drive demand for gamma ray irradiation equipment over the forecast period.
Hospitals are expected to be one of fastest growing segments due to rising cases of HIV/AIDS where regular donors are required for stem cell transplantation or bone marrow procedures that require multiple doses of fresh frozen plasma (FFP).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of blood irradiation facilities in this region, which is due to higher incidence of chronic diseases and increased demand for blood donations. For instance, as per statistics published by World Vision International, an evangelical humanitarian organization in 2016, around 34% population donated blood whereas only 10% population gave their consent for non-directed donation.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing government initiatives and awareness drives regarding benefits offered by these machines.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is one of the key growth drivers for the blood irradiation equipment market. Blood irradiation is used as a treatment for various types of cancers, including leukemia, lymphoma, and myeloma. This is expected to drive the demand for blood irradiation equipment in the coming years.
- Rising awareness about blood transfusion safety: There is a growing awareness among people about blood transfusion safety and its associated risks. This has led to an increase in the demand for safe and effective methods such as blood irradiation for preventing infections during transfusions.
- Technological advancements: The development of new technologies has helped in improving the efficiency and performance of blood irradiation equipment, thereby driving their demand worldwide. For instance, recent technological advancements have enabled manufacturers to develop compact and portable devices that can be used easily in hospitals and clinics settings..
Scope Of The Report
Report Attributes
Report Details
Report Title
Blood Irradiation Equipment Market Research Report
By Type
X-ray Blood Irradiation Equipment, Gamma-ray Blood Irradiation Equipment
By Application
Blood Bank, Hospitals, Research Institutions
By Companies
Best Theratronics Products, Eckert & Ziegler, Hitachi, Gilardoni, Actemium (VINCI), Rad Source Technologies, JL SHEPHERD & ASSOCIATES, Shinva Medical, NPIC, CIF medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Blood Irradiation Equipment Market Report Segments:
The global Blood Irradiation Equipment market is segmented on the basis of:
Types
X-ray Blood Irradiation Equipment, Gamma-ray Blood Irradiation Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Blood Bank, Hospitals, Research Institutions
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Best Theratronics Products
- Eckert & Ziegler
- Hitachi
- Gilardoni
- Actemium (VINCI)
- Rad Source Technologies
- JL SHEPHERD & ASSOCIATES
- Shinva Medical
- NPIC
- CIF medical
Highlights of The Blood Irradiation Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- X-ray Blood Irradiation Equipment
- Gamma-ray Blood Irradiation Equipment
- By Application:
- Blood Bank
- Hospitals
- Research Institutions
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blood Irradiation Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blood irradiation equipment is a medical device that uses radiation to kill or disable pathogens.
Some of the major companies in the blood irradiation equipment market are Best Theratronics Products, Eckert & Ziegler, Hitachi, Gilardoni, Actemium (VINCI), Rad Source Technologies, JL SHEPHERD & ASSOCIATES, Shinva Medical, NPIC, CIF medical.
The blood irradiation equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blood Irradiation Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blood Irradiation Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blood Irradiation Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blood Irradiation Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blood Irradiation Equipment Market Size & Forecast, 2020-2028
4.5.1 Blood Irradiation Equipment Market Size and Y-o-Y Growth
4.5.2 Blood Irradiation Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 X-ray Blood Irradiation Equipment
5.2.2 Gamma-ray Blood Irradiation Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Blood Bank
6.2.2 Hospitals
6.2.3 Research Institutions
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blood Irradiation Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blood Irradiation Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 X-ray Blood Irradiation Equipment
9.6.2 Gamma-ray Blood Irradiation Equipment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Blood Bank
9.10.2 Hospitals
9.10.3 Research Institutions
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 X-ray Blood Irradiation Equipment
10.6.2 Gamma-ray Blood Irradiation Equipment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Blood Bank
10.10.2 Hospitals
10.10.3 Research Institutions
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 X-ray Blood Irradiation Equipment
11.6.2 Gamma-ray Blood Irradiation Equipment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Blood Bank
11.10.2 Hospitals
11.10.3 Research Institutions
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 X-ray Blood Irradiation Equipment
12.6.2 Gamma-ray Blood Irradiation Equipment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Blood Bank
12.10.2 Hospitals
12.10.3 Research Institutions
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 X-ray Blood Irradiation Equipment
13.6.2 Gamma-ray Blood Irradiation Equipment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Blood Bank
13.10.2 Hospitals
13.10.3 Research Institutions
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blood Irradiation Equipment Market: Competitive Dashboard
14.2 Global Blood Irradiation Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Best Theratronics Products
14.3.2 Eckert & Ziegler
14.3.3 Hitachi
14.3.4 Gilardoni
14.3.5 Actemium (VINCI)
14.3.6 Rad Source Technologies
14.3.7 JL SHEPHERD & ASSOCIATES
14.3.8 Shinva Medical
14.3.9 NPIC
14.3.10 CIF medical
