Blood Irradiation MarketSize and Trends

Global Blood Irradiation Market Dynamics

Increasing global population vulnerable to various communicable and non-communicable diseases (NCD’s) such as cancer, chronic kidney disease, high blood pressure disease, stroke and cardiovascular diseases, which is expected to drive the global blood irradiation market growth. For instance, according to the World Bank’s 2016 report, the global population reached up to 7.44 billion.

According to a report by World Health Organization (WHO) 2018, non-communicable diseases cause around 41 million deaths each year, which is equivalent to 71% of all deaths globally. Also, cardiovascular diseases account for 17.9 million deaths each year, followed by other respiratory diseases (3.9 million), diabetes (1.6 million), and cancer (9.0 million) respectively. Such increasing prevalence of non- communicable diseases boosts demand for quicker blood stream treatment, which in turn is expected to significantly propel growth of the blood irradiation market.

Infections in the blood stream are diagnosed and irradiated by laser irradiation therapies. Increasing use of such therapies is driving manufacturers to develop innovative blood irradiation systems for improved health treatments, which is directly boosting the market growth. For instance, in 2017 thriveMD, a U.S.-based company, introduced ultraviolet blood irradiation (UVB) therapy, which is a photo-oxidation treatment that briefly exposes a sample of the blood to ultraviolet light.

Based on this technique, three types of blood irradiation are available in the market i.e. intravenous laser blood irradiation, transcutaneous laser blood irradiation, and extracorporeal blood irradiation.