Pathogen Reduction Systems Market to Grow at 20% through 2025
Increasing prevalence of
infectious diseases and surging demand for plasma protein to drive global
pathogen reduction systems market
According
to TechSci Research report, “Global Pathogen Reduction Systems Market By
Type, By Application, By Product, By End User, By Region, Competition, Forecast
& Opportunities, 2025”, the global pathogen reduction market is forecast to
witness a CAGR of nearly 20% through 2025 on account of various factors 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, coupled with increasing prevalence of infectious diseases,
especially the spread of COVID-19 pandemic. Additionally, people are now more concerned
about their health & well-being, and the governments are also increasing
their spending on providing best healthcare facilities, globally. This is acting
as a major factor for the growth of pathogen reduction systems market across
the globe. Along with this, increasing demand for plasma protein is also
fueling the growth of pathogen reduction systems market. Furthermore, outbreak
of COVID-19 is also anticipated to increase demand for such systems in the
coming years.
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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155 market data Figures spread through 133 Pages and an
in-depth TOC on "Global Pathogen Reduction Systems
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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, and
the latter segment is exhibiting faster growth 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 hospitals segment accounts for the 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 operations are 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. Market players are
investing in R&D activities to expand their product portfolio, which is
expected to not only enhance their brand positioning but 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 have a positive influence on the market in the
coming years.
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“Europe
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, predominantly
Japan. The country leads in the manufacture of pathogen reduction systems, and
hence, marketers need to focus on budding markets like Asia-Pacific to increase
their market reach during the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Pathogen Reduction Systems Market By Type, By Application, By Product, By End User, By
Region, Competition, 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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