A recent report published by Infinium Global Research on photopheresis products market provides an in-depth analysis of segments and sub-segments in the global as well as regional photopheresis products industry
Pune, India -- (SBWIRE) -- 12/03/2019 -- Infinium Global Research has added a new report on "Photopheresis Products Market (Product Type - Closed System, and Open System; Therapeutic Area - Graft Versus Host Diseases, Cutaneous T-cell Lymphoma, Solid Organ Transplant Rejections, and Autoimmune Diseases; End User - Specialty Clinics, and Hospitals): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global photopheresis products market is projected to grow at a CAGR of 6.00% over the forecast period of 2019-2025.
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Rising demand essentiality of blood-derived products is anticipated to propel the photopheresis product market in the near future. In 1988, FDA approves the therapy, which is being mostly considered as the first step of treatment for various diseases due to benefits including better safety, efficacy, low rate of side effects compared to other treatments. Recent years of photopheresis products have emerged as the most efficient and effective treatment method for various autoimmune diseases, solid organ transplant rejections, host disease versus chronic graft, and T-cell lymphoma.
Better Innovations in Technology Propel Growth for Photopheresis Products Market
The photopheresis products market is driven by the rising increasing infrastructure in the health care industry, growing geriatric population, and new and advanced technologies. Moreover, the increasing number of organ transplant cases, the rising prevalence of autoimmune diseases is also expected to drive the photopheresis products market.
However, less expenditure on healthcare by underdeveloping countries and less healthcare infrastructure in the developing nations is anticipated to restrict the growth of the poultry vaccine market. Nonetheless, increasing private health care insurance, rising government reimbursement policies and increasing awareness among people is estimated to create a new opportunity for the global photopheresis products market.
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Closed System Segment Dominates in the Photopheresis Products Market
The report on the global photopheresis products market covers segments such as product type, therapeutic area, and end-user. The product type segment is further segmented into the closed system, open system. The closed system segment holds the largest revenue share of the global photopheresis products market.
On the basis of the therapeutic area, the photopheresis products market is segmented into graft versus host diseases, cutaneous t-cell lymphoma, solid organ transplant rejections, and autoimmune diseases. autoimmune diseases held the largest revenue share in 2018. On the basis of end-user, the photopheresis products market is bifurcated into speciality clinics and hospitals.
North America Holds a Dominant Share in the Global Photopheresis Products Market
On the basis of region, the global photopheresis products market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the rising acceptance of new photopheresis device, faster regulatory approvals, and advanced research.
North America is followed by Europe as the rapid adaption rate of new technology and well-spread healthcare infrastructure in the region.
North America held the largest revenue share for global photopheresis products market in 2018 owing to the increasing awareness among people, proper and well-structured reimbursement policies from the U.S. government, huge count of autoimmune disease patients in the region.
Photopheresis Products Market: Competitive Landscape
The key players in the photopheresis products market are Med Tech Solutions GmbH, Mallinckrodt Pharmaceuticals, Haemonetics Corporation, Macopharma, Fresenius Kabi AG, Terumo Corporation, Mallinckrodt Pharmaceuticals, and many others.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the photopheresis products.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.