The Global Photodynamic Therapy (PDT) market size is expected to reach USD 2,385.5 Million at a revenue CAGR of 8.3% in 2028, according to latest analysis by Emergen Research.
The Global Photodynamic Therapy (PDT) market size is expected to reach USD 2,385.5 Million at a revenue CAGR of 8.3% in 2028, according to latest analysis by Emergen Research. The growth of this market is majorly driven by the growing prevalence of cancer, increasing awareness about the benefits of PDT and technological advancements in PDT devices. However, the high cost of PDT devices and procedures is expected to restrain market growth during the forecast period.
Photodynamic therapy is a type of cancer treatment that uses a light-sensitive drug and a specific type of light to kill cancer cells. The light-sensitive drug is injected into the bloodstream, where it collects in cancer cells. When exposed to the specific type of light, the drug creates a chemical reaction that destroys the cancer cell.
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Photodynamic therapy finds application in the treatment of pre-cancerous conditions, such as actinic keratosis and Barrett’s esophagus. It is also used in the treatment of acne vulgaris, where it has shown to be more effective than other traditional therapies, such as oral antibiotics and topical retinoids.
Progressive nanomedicines are being developed to target specific cells in the body with high efficacy and minimal side effects. Photodynamic therapy is one such technique that uses light-sensitive drugs, also known as photosensitizers, to destroy cancer cells. The photosensitizer is injected into the bloodstream and then activated by a specific wavelength of light, which generates oxygen radicals that destroy the cancer cells.
Some Key Highlights From the Report
- On the basis of indication, the global photodynamic therapy market is segmented into cancer and non-cancer indications. The cancer segment is expected to grow at the highest CAGR during the forecast period. The large share and high growth of this segment are attributed to rising incidence of cancer globally and increasing awareness about the benefits of PDT in cancer treatment.
- On the basis of drug type, the photodynamic therapy market is segmented into photosensitizers and porphyrins. The photosensitizers segment is expected to grow at the highest CAGR during the forecast period. The large share of this segment can be attributed to their ease of administration and wide range of indications.
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- On the basis of route of administration, the photodynamic therapy market is segmented into topical, oral, and intravesical routes of administration. The topical route of administration segment is expected to grow at the highest CAGR during the forecast period. The large share of this segment can be attributed to the ease of administration and wide range of indications.
- The Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The large share and high growth of this segment are attributed to increasing awareness about PDT, rising incidence of cancer, and growing healthcare expenditure in this region.
- On 8 April 2021, Lumeda Inc. (United States) announced that the U.S. Food and Drug Administration (FDA) had allowed it to market its Lumeda PDT System as a first-line treatment for patients with non-melanoma skin cancer (NMSC). The Lumeda PDT system is currently used in Europe, and the approval of the FDA will help the company to enter the U.S. market.
- Some major companies in the market report include Biofrontera AG, LUMIBIRD, Bausch Health Companies Inc., Modulight Corporation, SUS Advancing Technology Co., Ltd., Theralase Technologies Inc., Galderma Laboratories LP, Sun Pharmaceutical Industries Ltd., Hologic Inc., and Quest PharmaTech Inc.
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Emergen Research has segmented the global photodynamic therapy market based on product type, application, end-use, and region:
- Product Type Outlook (Revenue, USD Million; 2018–2028)
- Photodynamic Therapy Devices
- Photosensitizer Drugs
- Disease Outlook (Revenue, USD Million; 2018–2028)
- Actinic Keratosis
- Cancer
- Psoriasis
- Acne
- Others
- Application Outlook (Revenue, USD Million; 2018–2028)
- Hospitals
- Specialty Clinics
- Cancer Treatment Centers
- Others
- Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of Middle East & Africa
- North America
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