The on-going research and technological advancements in pathogen reduction technologies are anticipated to propel the growth of pathogen reduction system market across the globe. Pathogen reduction system are used to inhibit transfusion transmitted infections by obstructing obstruct replication and repair of pathogens present in the blood and blood products. Current pathogen reduction technologies in practice utilize nucleic acid targeting methodology through ultraviolet light for destroying pathogens such as viruses, bacteria, protozoa and others. Government and private entities are working hand-in-hand to develop advanced solutions for pathogen reduction to establish a blood and blood products supply free from pathogens from present and future. The conventional pathogen reduction system worked with only blood components but recently market players have developed solutions applicable to whole blood. For instance, in 2015 Terumo BCT made available the pathogen reduction technology for treatment of whole blood. This technology is poised to cater the low income nations where patients receive whole blood transfusions instead of blood derived components. These newly developed solutions are poised to overcome the limitations of traditional pathogen reduction systems including, inadequate reduction of certain pathogens, decrement in product yield and others. Thus the benefits of technological advancements in pathogen reduction technologies are anticipated to increase market penetration in untapped areas and boost the growth of global pathogen reduction system market over the forecast years.
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The recent outbreak of COVID-19 pandemic has pressurized healthcare professionals to adopt stringent measures for inhibiting the spread of coronavirus. Hospitals and other healthcare institutes have tightened the clinical trials and test of blood and blood products to avoid transmission of this infection through transfusion of blood products. Providers of pathogen reduction technology have also testified their offerings against COVID-19 virus. For instance, Mirasol of Terumo BCT and INTERCEPT of Cerus Corporation have proven their efficacies for reduction of COVID-19 virus from blood products. These efficacies of pathogen reduction system are poised to increase their demand. Scientists have also identified convalescent plasma transfusion therapy as a potential for active COVID-19 patients. Adoption of this therapy by governments and healthcare professionals around the globe have risen the demand for pathogen reduction system to avoid transfusion transmitted infection and increase the shelf life of this plasma as the donors are homebound due to lockdowns in many countries. Thus the COVID-19 outbreak has boosted the demand for pathogen inactivation technologies for avoiding the spread of infection and assisting in potential treatment of the patients thus growing the global pathogen reduction system market.
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The detailed research study provides qualitative and quantitative analysis of pathogen reduction system market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- The global pathogen reduction system market was valued at US$ 1,193.51 Mn in 2019 and is anticipated to witness a compound annual growth rate of 19.8% over the forecast period.
- Platelet pathogen reduction is anticipated to grow at faster CAGR over the forecast period owing to rise in platelet transfusion treatments in cancer, dengue, and other illnesses.
- Hospitals dominated the pathogen reduction system market in 2019 across the globe owing to rise in transfusion treatments.
- North America region registered the highest share in global pathogen reduction system market in 2019 owing to developed healthcare infrastructure and high demand for blood and blood products.
- Some of the players operating in the pathogen reduction system market are Terumo BCT, Macopharma and Cerus Corporation amongst others.
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Global Pathogen Reduction System Market:
- By Type
- Platelet Pathogen Reduction
- Plasma Pathogen Reduction
- By Application
- White Blood Cells
- By End User
- Blood Centers
- By Product Type
- By Region
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
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