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 photodynamic therapy market is expected to grow from $1.18 billion in 2021 to $1.68 billion in 2026 at a rate of 7.3%. The global photodynamic therapy market size is then expected to grow at a CAGR of 5.9% from 2026 and reach $2.23 billion in 2031.

The insurance coverage for photodynamic therapy procedures is expected to drive the market.

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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) uses special drugs, sometimes called photosensitizing agents, along with light for treating diseases. The drugs only work after they have been activated by certain kinds of light. PDT may also be called photo radiation therapy, phototherapy, or photochemotherapy.

Global Photodynamic Therapy Market Segments Include:

By Product: Drugs, Devices

By Application: Actinic Keratosis (AK), Cancer, Acne Drugs, 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 global photodynamic therapy market, accounting for 37.2% of the total in 2021

Portable photodynamic therapy devices are being developed by companies for at-home skin cancer treatment. The importance of a portable PDT device is in countries where patients need to travel long distances to receive specialized dermatological treatment. The new portable irradiation devices are small in size and fixed to the skin using medical adhesive tape. These devices are in the process of being introduced and patented.

TBRC’s photodynamic therapy market report covers:

Major Market Players: Galderma S.A., Bausch Health, Lumenis Ltd., Sun Pharmaceutical Industries Ltd, Biofrontera

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 (2016-21) and ten years forecast (2022-2026-2031)

The Photodynamic Therapy Market Report 2022 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.

Here Is A List Of Similar Reports From The Business Research Company:

Dermatology Drugs Global Market Report 2022

Cancer Biologics Global Market Report 2022

Cancer Clinical Decision Tools Global Market Report 2022

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