Global Photopheresis Products Market: Rising Prevalence of Cutaneous T-Cell Lymphoma (CTL) to Boost Adoption, says TMR

Transparency Market Research presents this most up-to-date research on "Photopheresis Products Market (Product Type - Open System and Closed System; End User - Hospitals and Clinics; Application - Cutaneous T-cell Lymphoma, Graft versus Host Disease, Transplant Rejections, and Autoimmune Diseases) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024"

The global market for photopheresis products features an exceedingly consolidated competitive landscape, with the top three players accounting for over 95% of the market in 2015, observes Transparency Market Research in a recent report. These three companies, namely Mallinckrodt, Macopharma, and Med Tech solutions GmbH, stay competitive by investing in the development of new kits/devices capable of overcoming issues in existing products. Development of smaller, lighter, and faster devices tops the list of priority of these companies.

Companies are also attempting to educate and train healthcare practitioners and the masses with the view of spreading awareness about ECP therapy and its benefits. A recent instance of this is Mallinckrodt’s Therakos Institute. The company is educating patients, nurses, and technicians through clinical education and training related to the photopheresis operating modules and their benefits.

Browse Global Strategic Business Report: http://www.transparencymarketresearch.com/photopheresis-products-market.html

Closed System Photopheresis Products to Account for Bulk of Revenues

The key varieties of photopheresis systems currently available in the market fall in two main categories: open system and closed system. Of these, the products falling under the category of closed systems are widely used by the healthcare practitioners as these products offer advantages such as less risk of infection and contamination, reduced treatment time, and easy treatment procedure over open systems. Moreover, closed system photopheresis devices are the only devices approved by the FDA for the treatment of CTL conditions. Around 70-80% of the overall photopheresis devices in the global market presently are closed systems and the rest of open system photopheresis devices.

The segment of closed systems, hence, accounted for the dominant 81.1% of the overall market in 2015, in terms of contribution of revenue to the global market. The segment is also expected to expand at a higher rate that the segment of open systems over the forecast period. The technologically advanced system and one-step procedure are some of the key reason for the higher adoption of these systems. However, high cost of these system could hinder the market growth during the forecast period.

Global Photopheresis Products Market: Geographical and Competitive Dynamics

The market is driven by increase in graft versus host disease conditions and novel benefits of photopheresis therapy in different therapeutic indications. The market is expected to grow due to favorable reimbursement scenario in various countries for photopheresis therapy. In terms of End user, specialty clinics are less preferred when compared with hospitals. This is mainly due to the high cost of the photopheresis products which can only afford by the hospitals.

Geographically, the global photopheresis products market has been segmented into five regions with North America leading the market in 2015 followed by Europe and Asia Pacific. The requirement for photopheresis products are rapidly growing in Asia Pacific due to increase in transplantations and penetration of key market players entering into this geography are expected to drive the growth of this market during the forecast period.

Key companies profiled in the report include Macopharma, Med Tech Solutions GmbH, Haemonetics Corporation, Fresenius Kabi AG, Terumo Corporation, and Mallinckrodt Pharmaceuticals

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