Jersey City, New Jersey, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Photodynamic Therapy Market” By Product (Photosensitizer Drug and Photodynamic Therapy Devices), By Application (Cancer, Actinic Keratosis, Psoriasis), By End-User (Hospitals, Cancer Treatment Centers), and By Geography. According to Verified Market Research, the Global Photodynamic Therapy Market size was valued at USD 1,230.73 Million in 2020 and is projected to reach USD 2,308.17 Million by 2028, growing at a CAGR of 8.74% from 2021 to 2028.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=40235
Browse in-depth TOC on “Photodynamic Therapy Market”
202 - Pages
126 – Tables
37 – Figures
Global Photodynamic Therapy Market Overview
The Photodynamic therapy market is growing at a robust rate mainly due to the increasing prevalence of skin disorders across the globe. As per the statistics of International Agency for Research on Cancer statistics, about 1 in 5 people develop cancer during their lifetime, and 1 in 8 men and 1 in 11 women die from the disease. According to the Skin Cancer Foundation, 1 in 5 Americans will develop skin cancer by the age of 70. Increasing exposure of humans to harmful UV rays is increasing the prevalence of cancer incidence. Growing prevalence of skin diseases and skin cancer and increasing awareness regarding the disease and preferred treatment to relieve the symptoms and eradicate the disease favors the treatment. Also, the cases of actinic keratosis are also rising across the globe. Actinic keratosis is the most common skin disease in Australia, with an estimated 37–55% of the population infected. Due to the growing patient pool for various skin conditions, the demand for the PDT is on rise. Growing government initiatives to promote cancer awareness and related treatment is pushing the market growth.
The market is expected to show promising growth on account of growing healthcare infrastructure with increased availability of technologically advanced healthcare equipment due to favorable investments from the healthcare stakeholders. Additionally, supportive government initiatives, manufacturing assistance for the healthcare equipment manufacturers, government finances in developing healthcare infrastructure are pushing the market growth uphill. The demand for the photodynamic therapy market is anticipated to grow at a robust rate due to a moderately competitive environment for treating actinic keratosis, skin disorders, and basal cell cancer. Despite several advantages, severe side effects of the PDT such as sensitivity to lights and sunlight, swelling, and others hamper its adoption.
Key Development
- Biofrontera AG received approval from the European Commission for use of its prescription drug Ameluz® in combination with photodynamic therapy (PDT) for the treatment of actinic keratosis (AK) on the extremities and trunk/neck.
- Bausch Health Companies Inc. and its Solta Medical business Launched Clear + Brilliant® Touch Laser in the US market.
Key Players
The major players in the market are Theralase Technologies Inc., Biofrontera AG, Hologic, Inc., Bausch Health, Quest PharmaTech Inc., LUMIBIRD, Galderma Laboratories L.P., Modulight, Inc., Sun Pharmaceutical Industries Ltd., and SUS Advancing Technology Co., Ltd.
Verified Market Research has segmented the Global Photodynamic Therapy Market On the basis of Product, Application, End-User, and Geography.
- Photodynamic Therapy Market, By Product
- Photosensitizer Drug
- Photodynamic Therapy Devices
- Photodynamic Therapy Market, By Application
- Cancer
- Actinic Keratosis
- Acne
- Psoriasis
- Others
- Photodynamic Therapy Market, By End-User
- Hospitals
- Cancer Treatment Centers
- Cosmetic and Dermatology Clinics
- Others
- Photodynamic Therapy Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Actinic Keratosis Treatment Market By Therapy (Topical Medications, Procedures, Photodynamic Therapy), By End User (Hospitals and Oncology Centers, Dermatology Clinics), By Geography, Forecast, 2021-2028
Photochromic Lenses Market By Lens Material (Glass, Polycarbonate, and Plastic), By Lens Technology (Imbibing & Trans-bonding, UV & Visible Light, In Mass), By Application (Corrective Photochromic Lenses, Preventive Photochromic Lenses), By Geography, Forecast, 2021-2028
Photogrammetry Software Market By Product Type (3d Reconstruction Software, Based On Images And Video, Based On 3D Scanning), By Application (3D Printing, Drones and Robots, Films & Games) By Geography, Forecast, 2021-2028
Autoimmune Disease Diagnostics Market By Product (Drugs, Therapeutic & Monitoring Equipment, Diagnostic Equipment), By Type (Localized Autoimmune Disease Diagnostic, Systemic Autoimmune Disease Diagnostic), By Technology (Bridge Therapy, Topical Therapy, Phototherapy), By Geography, Forecast, 2021-2028
Top 9 Radiotherapy Companies, operating globally, fighting against deadly disease
Visualize Photodynamic Therapy Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals, and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
