The Global Photodynamic Therapy Market Report is a compilation of comprehensive research studies of various aspects of the Photodynamic Therapy Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Photodynamic Therapy market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Photodynamic Therapy market and how they will evolve in the years to come.
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In terms of revenue, global photodynamic therapy market was valued at US$ 4872.9 Mn in 2022 and is anticipated to reach US$ 18261.8 Mn by 2030 growing at a CAGR of 15.89% over the forecast period (2022 – 2030).. Bausch & Lomb, Biofrontera Inc., biolitec AG, Galderma Nordic AB, MODULIGHT, Quantel Medical, Quest PharmaTech Inc., Soligenix, Sun Pharma, Theralase Technologies Inc. and Other market participants
The concept of cell death being achievable by the interaction of light as well as chemicals has been practiced for over 100 years. It was first reported by Oscar Raab, in 1900. Photodynamic therapy (PDT) is carried out via a photochemical reaction between a light activatable molecule or photosensitizer (PS) light, which is usually in the visible spectrum along with molecular oxygen. With the combination of a light activated drug and visible/near-infrared light, photodynamic therapy proves to be a promising modality in treating cancerous cells and other non-life threating conditions. The light activated drug is known as the photosensitizer, which induces very less toxic effects. Photosensitizers absorbs the light and changes it into another form, resulting in destroying cancer cells.
The photodynamic therapy (PDT) market is mainly dominated by the sales of photosensitizer drugs. As seen in drug development, there are many market participants that are increasing the complexity of drug molecules with an aim to prevent them from being replicated by competitors. Similarly, in this market space, there are various players that are offering treatment avenues via ground-breaking routes to the market with the launch of combinational products that involve a photosensitizer drug and a device. Additionally, with the rising R&D investment by the market participants to discover new photosensitizers so as to improve clinical outcomes is further expected to boost the global photodynamic therapy market growth over the forecast period.
Photodynamic therapy is considered to be one of the safest procedures to battle against viral infections. Due to humongous spread of COVID-19, researchers are continuously developing new therapies and treatments. Some of them have presented promising outcomes in clinical trials and have been approved for clinical applications to combat SARS-CoV-2. Furthermore, a recent study recommended that PDT is as an alternative therapy for SARS-CoV-2 infection in 2020, however there is still ongoing research that is being carried out. Thus, with COVID-19 pandemic, the photodynamic therapy market is gaining more traction.
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Photodynamic Therapy Market
- By Offering
- Drugs
- Porfimer Sodium
- Methyl Ester of Aminolevulinic Acid (ALA)
- Aminolevulinic Acid (ALA)
- Others
- Devices
- Laser
- Non-Laser
- Drugs
- By Application
- Cancer
- Lung
- Esophagus
- Bile Duct
- Bladder
- Brain
- Ovarian
- Others
- Psoriasis
- Acne
- Central Serous Retinopathy/Polypoidal Choroidal Vasculopathy (PCV)
- Others
- Cancer
- By End-Users
- Hospitals
- Cancer Treatment Centers
- Skin Clinics
- Others
- By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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