The global photopheresis products market size surpassed US$ 262 million in 2019 and expected to reach US4 435 million by 2027 with a CAGR of above 5.5% from 2020 to 2027.
Photopheresis products are mainly used to treat cutaneous T-cell lymphoma conditions. In the photopheresis treatment procedure white blood cells are collected from the blood and they are mixed with photosensitizer and treated with UV light. New therapeutic indications options are boosting the growth of this market.
Furthermore, photopheresis therapy is majorly used in treating the patients who are not responding to steroids therapy in transplant rejection conditions. Photopheresis therapy is safer therapy when compared with steroids due to lack of side effects.
North America dominated the global photopheresis therapy market in 2018 and the trend is anticipated to continue during the forecast period, As Governments provide reimbursement for various disease indications such as GVHD, CTL, and lung transplantations that are treated by ECP therapy.
Corporate entities boosting the research activities on ECP therapy to Drive Photopheresis Products Market
Closed System Segment to Capture Largest Market Share
Graft versus host disease to dominate Market in Term of Therapeutic Application
Hospital to be Highly Lucrative Segment
North America to Dominate Global Market
The global photopheresis products market has been segmented as follows:
Global Photopheresis products Market, by Product
Global Photopheresis Products market, by Therapeutic Area
Global Photopheresis Products market, by End User
Global Photopheresis Products Market, by Region
Scope of Report
VRR’s report on the global photopheresis products market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2020 to 2030. The report provides revenue of the global photopheresis products market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global photopheresis products market during the forecast period.
The report has been prepared after extensive primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players, Product Type literature, annual reports, press releases, and relevant documents to understand the global photopheresis products market.
Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global photopheresis products market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global photopheresis products market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global photopheresis products market.
The report delves into the competitive landscape of the global photopheresis products market. Key players operating in the global photopheresis products market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global photopheresis products market that have been profiled in this report.
Key Questions Answered in Global Photopheresis Products Market Report
A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global photopheresis products market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary researches, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts during the product type of the global photopheresis products market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, Product Type portfolio managers, and market intelligence managers, who contributed to VRR’s study on the photopheresis products market as primary research sources.
These primary and secondary research sources have provided exclusive information during interviews, which serves as a validation from the photopheresis products market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global photopheresis products market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global photopheresis products market more reliably and accurately.