Pharmaceuticals

Key Market Drivers, Trends, and Forecast for the Global Photodynamic Therapy Industry

September 1, 2025 by Marketing Posting

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#What Does the Forecast Indicate for the Photodynamic Therapy Market From 2025 to 2029?#_x000D_

In recent years, the antifungals market has seen significant growth. The market value is projected to increase from $27.16 billion in 2024 to $29.6 billion in 2025 with a compound annual growth rate (CAGR) of 9.0%. Factors contributing to the growth in the historic period include the prevalence of fungal diseases, the aging population, developments in healthcare infrastructure, and an increase in awareness and education._x000D_

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The size of the antifungals market is predicted to experience significant expansion in the upcoming years. It is projected to increase to “$41.2 billion in 2029 with a compound annual growth rate (CAGR) of 8.6%. The growth expected in this period is due to factors such as the emergence of new fungal strains, approval from regulatory bodies, global health issues, improved healthcare expenditure, patient enlightenment, and awareness. Key trends for the forecast period involve research and development, telemedicine and e-health, progress in the development of antifungal drugs, and collaborative efforts and partnerships._x000D_

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#What Elements Are Contributing To Growth In The Photodynamic Therapy Market?#_x000D_

The escalating occurrence of skin cancer is instrumental in driving the growth of the market for photodynamic therapy. Skin cancer is noted as the most prevalent amongst all forms of cancer. Melanoma, although constituting approximately just 1% of skin cancers, is associated with a significant number of skin cancer fatalities. Photodynamic therapy (PDT) leverages a light-sensitizing medication and intensive light to eradicate cancerous cells. The practitioner applies a lotion containing a light-sensitizing chemical to the skin cancer and the vicinity surrounding it. For example, in January 2024, the American Cancer Society, a professional organization based in the US, stated that skin cancer is the primary cancer in the US, with melanoma accounting for around 1% of cases, but responsible for most skin cancer deaths. Additionally, around 100,640 novel melanoma cases are anticipated to be diagnosed in 2024 in the US, of which roughly 59,170 are expected in men and 41,470 in women. Approximately 8,290 melanoma-associated deaths are also projected, which include around 5,430 men and 2,860 women. Consequently, the rising rates of skin cancer are foreseen to stimulate the growth of the photodynamic therapy market in the future years._x000D_

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The antifungals market covered in this report is segmented – _x000D_

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1) By Drug Type: Echinocandins, Azoles, Polyenes, Allylamines _x000D_

2) By Route of Administration: Oral, Parenteral, Topical _x000D_

3) By End users: Hospitals & Clinics, Dermatology clinics, Other Users _x000D_

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Subsegments:_x000D_

1) By Echinocandins: Caspofungin, Micafungin, Anidulafungin _x000D_

2) By Azoles: Fluconazole, Itraconazole, Voriconazole, Posaconazole, Ketoconazole _x000D_

3) By Polyenes: Amphotericin B, Nystatin _x000D_

4) By Allylamines: Terbinafine, Naftifine_x000D_

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#What Future Market Trends Are Projected For The Photodynamic Therapy Industry?#_x000D_

Pharmaceutical developers and producers are expanding different divisions, including research and development, marketing, and manufacturing, through cooperative efforts and strategic alliances with other businesses and research facilities to enhance their product range. Thus, organizations in the anti-infective drugs market should contemplate about strategic partnerships to expand their reach and product offerings, thereby boosting income and maintaining market competitiveness._x000D_

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#Who Are The Key Contributors To Growth In The Photodynamic Therapy Market?#_x000D_

Major companies operating in the antifungals market include Pfizer Inc., Novartis International AG, Merck & Co. Inc., Bayer AG, Abbott Laboratories, Sanofi S.A., Kramer Laboratories Inc., GlaxoSmithKline plc, Gilead Sciences Inc., Basilea Pharmaceutica AG, Sigma-Aldrich, Astellas Pharma Inc., Janssen Pharmaceutica NV, Zydus Cadila Healthcare Ltd., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Sumitomo Dainippon Pharma Co. Ltd., Scynexis Inc., Mayne Pharma Inc., Cosmo Pharmaceuticals NV, Leadiant Biosciences Inc, Glenmark Pharmaceuticals Limited, Cidara Therapeutics, MATINAS BIOPHARMA, Mylan N.V., Perrigo Company plc, Wockhardt Ltd., Lupin Limited, Dr. Reddy’s Laboratories Ltd, Torrent Pharmaceuticals Ltd., Hikma Pharmaceuticals PLC, Mayne Pharma Group Limited, Fresenius Kabi AG, Baxter International Inc., Akorn Operating Company LLC, Amphastar Pharmaceuticals Inc., Mylan Institutional LLC, West-Ward Pharmaceuticals Corp., Gland Pharma Limited, Aurobindo Pharma Limited_x000D_

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#Which Region Is Projected To Lead The Photodynamic Therapy Market By 2025?#_x000D_

North America was the largest region in the drugs for antifungals market in 2024. The Middle East is expected to be the fastest-growing region in the antifungals market. The regions covered in the antifungals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_

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