Global Photodynamic Therapy Market Outlook, Opportunities And Strategies
Learn about the global photodynamic therapy market through The Business Research Company, which provides information on photodynamic therapy market size, photodynamic therapy market drivers and restraints, photodynamic therapy market players, the COVID-19 impact on the photodynamic therapy market, and more.
The global photodynamic therapy market is expected to grow from $3.39 billion in 2020 to $3.96 billion in 2021 at a compound annual growth rate (CAGR) of 16.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The photodynamic therapy market is expected to reach $7.10 billion in 2025 at a CAGR of 15.7%.
The rising prevalence of skin cancer is expected to drive innovation in photodynamic therapy, thus driving the market during the forecast period.
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The photodynamic therapy market consists of sales of photodynamic therapy products by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing and selling phototherapy treatment drugs, light therapy devices, and related products. Photodynamic therapy (PDT) is a two-stage treatment that combines light energy with a drug (photosensitizer) designed to destroy cancerous and precancerous cells after light activation.
Global photodynamic therapy market segments include:
By Product: Drugs, Devices
By Application: Actinic Keratosis (AK), Cancer, Acne, Psoriasis, Others
By End-User: Cosmetics And Dermatology Clinics, Hospitals, Cancer Treatment Centers, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the photodynamic therapy market in 2020.
Players in the photodynamic therapy market are increasingly focusing on clinical trials for PDT in combination with different drugs.
TBRC’s photodynamic therapy market report covers:
Major Market Players: Theralase Technologies Inc., Biofrontera AG, Hologic Inc., Bausch Health, Quest PharmaTech Inc., LUMIBIRD, Galderma Laboratories L.P., Sun Pharmaceutical Industries Limited, Allergan plc, Modulight Inc., SUS Advancing Technology Co. Ltd, Lumenis Ltd., PhotoMedex Inc., Dusa Pharmaceuticals, Soligenix Inc., Biolitec AG, Valeant Pharmaceuticals International Inc, Sanofi, Beiersdorf, and Ambicare Health.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Photodynamic Therapy Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides photodynamic therapy market overviews, analyzes and forecasts market size, share, photodynamic therapy market players, photodynamic therapy market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s photodynamic therapy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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