Pathogen Reduction Systems Market to Undergo Significant Growth in Coming Years
Increasing prevalence of
infectious diseases and surging demand for plasma protein to drive the growth
of global pathogen reduction systems market
According
to TechSci Research report, “Global Pathogen Reduction Systems Market
By Type (Platelet Pathogen Reduction, Plasma Pathogen Reduction), By Application
(Viruses, Fungi, Bacteria), By Product (Automated, Semi-Automated), By End User
(Hospitals, ASCs, Blood Banks), By Region, Forecast & Opportunities, 2025”, the global
pathogen reduction market is expected to witness significant rate of growth during
the forecast period. There are several factors behind the growth of this market
such as increasing research and development activities for development of new
pathogen systems, which will lead to innovative and more effective treatments
for the blood receiver. The rising prevalence of infectious diseases around the
world is also accelerating the demand for pathogen reduction systems. Additionally,
people are now more aware towards maintaining a healthy lifestyle and the
government is also spending on providing best healthcare facilities. This is acting
as a major factor for the growth of pathogen reduction systems globally. Moreover,
the manufacturers are continuously undergoing clinical trials to increase their
product portfolio. Along with this, increasing demand for plasma protein is
also fueling the growth of pathogen reduction systems market. Furthermore,
recent outbreak of COVID-19 is also anticipated to increase the demand for
these systems around the world.
However, there are some factors restricting the growth
of global pathogen reduction systems market. Lack of fair reimbursement is
posing as a challenge before manufacturers. Also, for introduction of pathogen
reduction treatments, many countries require not only the CE mark but licensing
with the respective authorities, as treatment for pathogen reduction is
regarded as creating a ‘new’ blood product.
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The global
pathogen reduction systems market is segmented based on type, application,
product, end user and region. Based on type, the market is segmented into platelet
pathogen reduction and plasma pathogen reduction. The latter segment is the
fastest growing segment in pathogen reduction systems market as emerging
infections and bacterial contamination have led to an increasing demand for
plasma pathogen reduction. Based on end user, the global pathogen reduction
systems market is segmented into hospitals, ASCs and blood banks. The hospital
segment accounts for largest market share as most of the tests to detect the
presence of infections is carried out in hospitals. Also, pathogen reduction
systems need trained professionals and therefore, most of the operation is
conducted in hospitals.
Major players operating in the global pathogen
reduction systems market include Terumo BCT, Inc., Macopharma SA, Cerus
Corporation, AngioDynamics, Inc. and Octapharma AG. The market players are
investing in R&D activities to increase their product portfolio. This will
not only enhance their brand positioning but will also lead to development of advanced
and novel methods for pathogen reduction. Governments and health organizations
are also granting funds for development of more such medical devices, which is
anticipated to provide a huge growth opportunity for pathogen reduction systems
industry.
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“North
America currently dominates the global pathogen reduction systems market due to
wide product availability and presence of advanced healthcare infrastructure in
the region. However, the market is witnessing surging demand from Asia-Pacific region,
prominently China. The country leads in the manufacture of pathogen reduction
systems. Hence, marketers need to focus on budding markets like Asia-Pacific to
increase their market reach,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Pathogen Reduction Systems Market By Type
(Platelet Pathogen Reduction, Plasma Pathogen Reduction), By Application
(Viruses, Fungi, Bacteria), By Product (Automated, Semi-Automated), By End User
(Hospitals, ASCs, Blood Banks), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of global pathogen
reduction systems market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global pathogen
reduction systems market.
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