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 market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional photopheresis products market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global photopheresis products market. According to the report, the global photopheresis products market is projected to grow at a CAGR of 6.00% over the forecast period of 2019-2025.
In recent years 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. 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, and low rate of side effects compared to other treatments. Rising demand essentiality of blood-derived products is anticipated to propel the photopheresis products market in the near future.
Global photopheresis products market is primarily driven by the increasing number of organ transplant cases, rising prevalence of autoimmune diseases. Moreover, the rising increasing infrastructure in health care industry, the growing geriatric population, and new and advanced technologies is expected to fuel the market growth in the near future. However, less expenditure on healthcare by under developing countries and less healthcare infrastructure in the less developed region is expected to hinder the demand for the global photopheresis products market. Nonetheless, Increasing private health care insurance, rising government reimbursement policies and increasing awareness among people is anticipated to create a new opportunity for 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. North America held the largest revenue share for the 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. 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.
The report on global photopheresis products market covers segments such as product type, therapeutic area, and end-user. On the basis of product type, the sub-markets include closed system, and open system. On the basis of therapeutic area, the sub-markets include graft versus host diseases, cutaneous T-cell lymphoma, solid organ transplant rejections, and autoimmune diseases. On the basis of end-user, the sub-markets include specialty clinics, and hospitals.
The report provides profiles of the companies in the market such as Med Tech Solutions GmbH, Mallinckrodt Pharmaceuticals, Haemonetics Corporation, Macopharma, Fresenius Kabi AG, Terumo Corporation, and Mallinckrodt Pharmaceuticals.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of photopheresis products market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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