Photopheresis Products Market to exceed USD 488 billion by 2032, says Global Market Insights Inc.

The photopheresis products industry is projected to exhibit a CAGR of 5% from 2023 to 2032. This growth can be attributed to the continuous technological advancements in photopheresis products.

Selbyville, Delaware, June 27, 2023 (GLOBE NEWSWIRE) --

Photopheresis Products Market size is predicted to surpass USD 488 billion by 2032. Advancements in medical technology and increasing demand for effective treatment options. Photopheresis has shown promising results in treating various diseases, including graft-versus-host disease, cutaneous T-cell lymphoma, and autoimmune disorders. There are several key players offering a range of advanced photopheresis devices and consumables.

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These products are designed to ensure safe and efficient procedures, catering to the needs of healthcare providers and patients worldwide. With ongoing R&D efforts, the industry is expected to witness continued expansion, providing improved treatment options and better patient outcomes.

Customization feature to favor open-system products

The photopheresis products market is segmented into open and closed systems. The open systems segment is expected to witness higher demand in the coming years. Unlike closed systems, open systems allow for the direct manipulation of blood cells during the procedure, offering greater flexibility and control. These products typically include apheresis machines, collection kits, and related consumables. Open system photopheresis products offer customizable options to adapt to varying patient needs. They enable the precise manipulation of blood cells, facilitating the removal of disease-causing agents and the reinfusion of treated cells back into the patient's bloodstream. With the advanced features and user-friendly nature, open-system photopheresis products enhance the effectiveness & accessibility of photopheresis therapy for various medical conditions.

Rising cases of autoimmune diseases to promote market development

Photopheresis products market is divided into cutaneous T-cell lymphoma, graft versus host disease (GVHD), transplant rejections, and autoimmune diseases. The autoimmune diseases segment is expected to generate significant revenues for market by 2032 as photopheresis products show promising results in patients with autoimmune diseases. The treatment helps restore immune balance and reduce the inflammatory response, thereby reducing disease activity and symptoms. Photopheresis products, such as apheresis machines and related consumables, enable healthcare providers to perform these procedures effectively & safely, offering a crucial therapeutic option for individuals with autoimmune diseases. Ongoing R&D in photopheresis technology to expand applications and improve outcomes for patients with autoimmune conditions.

Ongoing technological development in the APAC region

Asia-Pacific photopheresis products market will grow at a rapid pace over 2023 to 2032. The increasing prevalence of chronic diseases, such as graft-versus-host disease and cutaneous T-cell lymphoma, has created a demand for advanced treatment options like photopheresis. Additionally, improving healthcare infrastructure, rising medical expenditure, and the presence of key players in the region contribute to the market expansion. Moreover, the ongoing technological advancements, R&D initiatives backed by the government bodies, and collaborations among industry players to enhance treatment outcomes will shape the industry dynamics in the coming years.

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Competitive landscape

The leading participants in the photopheresis products market are Med Tech Solutions GmbH, Terumo Corporation, Haemonetics Corporation, Macopharma, Spectranetics, Therakos, Fresenius Kabi, Mallinckrodt Pharmaceuticals, and Thermo Fisher Scientific, among others.

Partial Table of Contents (ToC) of the report:

Chapter 3   Photopheresis Products Industry Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.3    Industry impact forces

3.3.1    Growth drivers   Rise in prevalence of autoimmune diseases   Growing incidence of cutaneous T-cell lymphoma   Increased government reimbursement policies and growing private healthcare insurance   Technological advancements in photopheresis products

3.3.2    Industry pitfalls & challenges   High cost involved in therapy   Lack of photopheresis treatment centers

3.4    Growth potential analysis

3.4.1    By product type

3.4.2    By application

3.4.3    By end-use

3.5    COVID- 19 impact analysis

3.6    Regulatory landscape

3.6.1    U.S.

3.6.2    Europe

3.7    Porter's analysis

3.8    PESTEL analysis

Chapter 4   Competitive landscape

4.1    Introduction

4.2    Company matrix analysis, 2021

4.3    Competitive dashboard

4.4    Company market share, 2021

4.5    Competitive analysis of major market players

4.6    Competitive positioning matrix

4.7    Strategic outlook matrix

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About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.


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