Photodynamic Therapy Market, By Product (Drugs [Porphyrin Derivative (PD), Aminolevulinic Acid (ALA), Chlorines, Others], Devices [Disposable Fiber Optic Light Delivery Devices (DFOLDD), Diode Lasers]), By Application (Cancer [Basal Cell Carcinoma, Non-small Cell Lung Cancer, Head & Neck Cancer, Others], Actinic Keratosis (AK), Psoriasis, Acne, Others), By End User (Hospitals, Cosmetics & Dermatology Clinics, Cancer Treatment Centers, Others), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

The Global Photodynamic Therapy Market is expected to value USD XX million in 2021 and is estimated to reach USD XX million by 2030 at a CAGR of XX% during the forecast period.

Photodynamic therapy (PDT) is a phototherapy that combines light and a photosensitizing chemical agent with molecular oxygen to induce cell death (phototoxicity). It's frequently used to treat a variety of skin and eye problems. PDT also aids in the treatment of cancer by damaging the blood vessels that supply the cancer cells with nutrients and alerting the immune system to attack the malignancy.

COVID-19 Impact on Photodynamic Therapy Market

COVID-19 is an unprecedented global public health crisis that has impacted photodynamic therapy market, and its long-term repercussions are expected to have an impact on industry growth during the forecast period.  However, due to COVID-19 crisis, there is an increasing demand for medical services, which has led to high demand for photodynamic therapy. Thus, the photodynamic therapy market is expected to experience significant growth under COVID-19 impact.

QMI

Latest Trends

The market for photodynamic therapy is growing due to the rising prevalence of skin cancer. The most frequent cancer is skin cancer, which is found to be the most common of all malignancies.

Driving Factors

During the forecast period, the global photodynamic therapy market is expected to be driven by an increase in the prevalence of skin disorders and cancer, a surge in the demand for minimally invasive procedures, and an increase in the economic burden of cancer.

Restraining Factors

The high cost of photodynamic therapy, lack of awareness, and problems connected with IVF (in vitro fertilization) treatment are a few factors limiting the market's growth.

Segmentation Analysis

The photodynamic therapy market is segmented by product, application, end user, and region.

Photodynamic Therapy Market, by Product

Drugs Segment to Account for the Largest Market Share

Based on the product, the market is divided into drugs and devices. Drugs is further divided into porphyrin derivative (PD), aminolevulinic acid (ALA), chlorines, and others. Devices is segmented into disposable fiber optic light delivery devices (DFOLDD), and diode lasers.

A significant portion of the market was taken up by drugs and is the fastest growing segment. Photosensitizers are drugs that are activated by light to produce reactive oxygen species (ROS) that can damage cell structures in sick mammalian cells, resulting in cell death. Throughout the projected period, an increase in the prevalence of malignancies, as well as an increase in dermatology disorders, are expected to drive up demand for photosensitizer medications.

Because a light emitting device or laser is an important device in therapy, the photodynamic therapy devices market is predicted to increase rapidly. PDT is a non-thermal photochemistry treatment that produces cytotoxic quantities of reactive species and oxygen in the target tissue after light activation.

Photodynamic Therapy Market, by Application

Cancer Segment to Account for the Largest Market Share

Based on the application, the market is divided into cancer, actinic keratosis, psoriasis, and acne. Cancer is sub-segmented into basal cell carcinoma, non-small cell lung cancer, and head & neck cancer. Oncology dominates the worldwide photodynamic treatment market because this therapy prevents cancer by decreasing blood vessels that supply nutrients to the tumor. Photo immunotherapy is a cancer treatment that combines photodynamic therapy with immunotherapy to inhibit tumors. Because of the rising prevalence and incidence of cancer cases worldwide, the cancer segment is expected to hold the largest market share. As a result, there is a growing demand for effective cancer treatment. Cancer photodynamic therapy has additional benefits over traditional cancer treatments such as surgery or chemotherapy.

Photodynamic Therapy Market, by End User

Hospital to Account for the Largest Market Share

Based on the end user the market is divided into hospitals, cosmetics & dermatology clinics, and cancer treatment centers.

Dermatological and cosmetic clinics segment is expected to observe significant growth during the forecast period The PST (penicillin skin-testing) is preferred in dermatological and cosmetic clinics for treating skin-related issues such as acne, actinic keratosis, psoriasis, and others, resulting in the rise of the cosmetic and dermatology clinic segment. Because it is a non-invasive, safe, and cost-effective treatment that may cure several lesions at the same time, it has become the preferred treatment in cosmetic and dermatology clinics.

Because of the rising prevalence of cancer around the world, which is driving up demand for effective treatment, the cancer treatment centers segment is expected to grow at the fastest CAGR during the forecast period

Photodynamic Therapy Market, by Region

Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Because of the rising prevalence of skin cancer and the growing number of diagnostic centers, the North American region dominated the worldwide photodynamic therapy market in 2018. It is expected to continue to do so over the forecast period. The center for disease control and prevention (CDC) estimated that 9,500 persons in the United States will be diagnosed with skin cancer in 2018. As a result of improved healthcare facilities and early diagnosis, the photodynamic therapy market in North America is expanding.

The photodynamic therapy market in Europe is expected to develop at a substantial CAGR over the forecast period, owing to an increase in the number of people suffering from dermatological problems in the region.

QMI

 List of Key Companies Profiled

The major companies of the photodynamic therapy market are

  • Biofrontera AG
  • Theralase Technologies Inc.
  • Lumibird, Quest PharmaTech Inc.
  • Modulight, Inc.
  • Galderma Laboratories L.P.

 Key Industry Developments

  • March 2020- European Commission approved use of Ameluz for the treatment of actinic keratosis on extremities and trunk/neck
  • August 2017- Biofrontera AG partnered with Perrigo to provide Ameluz and BF-RhodoLED to the Israeli market
  • May 2016- the FDA approved Biofrotera AG's combined topical prescription medicine Ameluz and medical device BF-RhodoLED for PDT in the treatment of mild-to-moderate actinic keratosis (AK) on the face and scalp.
  • November 2016- the European Commission granted Biofrontera AG authorization for Ameluz.
  • October 2016- Biofrontera AG released AMELUZ gel (10%) and BF-RhodoLED lamp in the United States.

Market Segmentation:

 By Product:

  • Drugs
    • Porphyrin Derivative (PD)
    • Aminolevulinic Acid (ALA)
    • Chlorines
    • Others
  • Devices
    • Disposable Fiber Optic Light Delivery Devices (DFOLDD)
    • Diode Lasers

By Application:

  • Cancer
    • Basal Cell Carcinoma
    • Non-Small Cell Lung Cancer
    • Head & Neck Cancer
    • Others
  • Actinic Keratosis (AK)
  • Psoriasis
  • Acne
  • Others

By End User:

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

By Region:

North America

  • North America, by Country
    • U.S.
    • Canada
    • Mexico
  • North America, by Product
  • North America, by Application
  • North America, by End User

Europe

  • Europe, by Country
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Europe, by Product
  • Europe, by Application
  • Europe, by End User 

Asia Pacific

  • Asia Pacific, by Country
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Asia Pacific, by Product
  • Asia Pacific, by Application
  • Asia Pacific, by End User

Middle East and Africa

  • Middle East and Africa, by Country
    • UAE
    • Arabia
    • Qatar
    • South Africa
    • Rest of Middle East and Africa
  • Middle East and Africa, by Product
  • Middle East and Africa, by Application
  • Middle East and Africa, by End User

South America

  • South America, by Country
    • Brazil
    • Argentina
  • Rest of South America
  • South America, by Product
  • South America, by Application
  • South America, by End User

FAQs Answered in the Report

  • What are the most recent market trends in photodynamic therapy?
  • In the photodynamic therapy market, who are the market participants?
  • What are the most recent photosensitizer medications and photodynamic treatment laser devices?
  • Which photodynamic treatment product has the fastest and most significant growth?
  • In the photodynamic therapy market, which application is the most popular and fastest growing?
  • In the photodynamic therapy market, which regional category is the most dominant and fastest growing?

Reasons to Buy This Report:

  • Provides niche insights for decision about every possible segment helping in strategic decision making process.
  • Market size estimation of the photodynamic therapy market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the photodynamic therapy market.

Customization:

This study is customized to meet your specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country
  • Product Specific Competitive Analysis

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