Photodynamic Therapy Market Report Share and Growth 2024-2032

Global Photodynamic Therapy Market Analysis

Projected Market Value (2032): US$ 6.97 Billion
CAGR (2024-2032): 7.52%

Introduction:

Photodynamic therapy (PDT) is an antitumor treatment method that uses photosensitizers in various tumors. It relies on administering a light-sensitive dye to the target site followed by excitation with light of an appropriate wavelength and fluence. This photo-activated molecule reacts with intracellular oxygen to induce selective cytotoxicity of targeted cells by generating reactive oxygen species.

Market Trends

1. Rising Demand for Complementary Treatments:

  • The demand for complementary treatments, especially photodynamic therapy, has increased due to the growing prevalence of cancer worldwide.
  • This treatment is gaining popularity as many people use it to manage their conditions, supported by increased consumer awareness and growing R&D.

2. Growing Popularity of PDT Therapy:

  • PDT therapy is gaining popularity due to its effectiveness, low invasiveness, and potential benefits over traditional cures.
  • The increasing awareness of PDT’s benefits is driving interest from academia, investors, healthcare professionals, and patients.

3. United States Market Growth:

  • The United States market for photodynamic treatment devices is expected to grow due to improved R&D spending, technological advancements, and public awareness of the treatment.
  • The rise in cancer cases and the expanding use of PDT as a treatment are also contributing to the market’s expansion.

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United States PDT Therapy Market

Market Growth:

  • The US market for photodynamic treatment devices is expected to grow due to improved R&D spending, technological advancements, and public awareness of the treatment.

Recent Developments:

  • In January 2023, Biofrontera Bioscience GmbH received a notice of allowance from the USA Patent Office for a patent application on a novel lighting method for PDT treatment of skin issues.

Global Photodynamic Therapy Company Analysis

Key Players:

  1. Gladerma S.A.
  2. Sun Pharmaceutical Industries Ltd.
  3. Biofrontera Inc.
  4. Lumibird S.A.
  5. Bausch Health Companies Inc.
  6. Soligenix Inc.
  7. Modulight Corporation
  8. Theralase Technologies Inc.

Recent Developments:

  • In Jan 2024, a metallopolymer strategy was used to explore hypoxic active slim-bandgap photosensitizers for effective cancer photodynamic therapy.
  • In Jan 2023, Biofrontera Bioscience GmbH was granted a patent by the United States Patent and Trademark Office for a new method for treating skin conditions with PDT.

Market Segmentation

Product Types:

  1. Photodynamic Therapy Devices
  2. Photosensitizer Drugs

Application:

  • Cancer
  • Actinic Keratosis
  • Psoriasis
  • Acne
  • Others

End-User:

  • Hospitals
  • Cosmetics & Dermatology Clinics
  • Cancer Treatment Centers
  • Others

Country Breakdown (25 Countries)

  1. North America:
  • United States
    • Canada
  • Europe:
  • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Belgium
    • Netherlands
    • Turkey
  • Asia Pacific:
  • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Malaysia
    • Indonesia
    • Australia
    • New Zealand
  • Latin America:
  • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa:
  • Saudi Arabia
    • UAE
    • South Africa

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more

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