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The photodynamic therapy market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 15%, as per The Business Research Company’s market report!

Read More On The Photodynamic Therapy Market Report 2022 – https://www.thebusinessresearchcompany.com/report/photodynamic-therapy-global-market-report

The Photodynamic Therapy Market Size In 2022 And Forecast
The global photodynamic therapy market is expected to grow from $3.39 billion in 2020 to $3.96 billion in 2021 at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The photodynamic therapy market is expected to reach $7.10 billion in 2025 at a CAGR of 15.7%.

The photodynamic therapy market consists of sales of photodynamic therapy products by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing and selling phototherapy treatment drugs, light therapy devices, and related products.

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Rise In Prevalence Of Skin Cancer Is Driving The Growth Of The Photodynamic Therapy Market
According to the American Cancer Society, about 106,110 new melanomas were diagnosed (about 62,260 in men and 43,850 in women) in the USA in 2021. Therefore, the increasing prevalence of skin cancer is expected to fuel the growth of the photodynamic therapy market in the coming years.

Competitive Landscape And The Regional Analysis Of The Photodynamic Therapy Market
Major players in the photodynamic therapy market are Theralase Technologies Inc., Biofrontera AG, Hologic Inc., Bausch Health, Quest PharmaTech Inc., LUMIBIRD, Galderma Laboratories L.P., Sun Pharmaceutical Industries Limited, Allergan plc and Modulight Inc.

The Photodynamic Therapy Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the photodynamic therapy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the photodynamic therapy market.

Focusing On Clinical Trials For PDT – A Key Trend In The Photodynamic Therapy Market
Players in the photodynamic therapy market are increasingly focusing on clinical trials for PDT in combination with different drugs.

Photodynamic Therapy Market Segmentation By The Business Research Company

1) By Product: Drugs, Devices

2) By Application: Actinic Keratosis (AK), Cancer, Acne Drugs, Psoriasis, Others

3) By End-User: Cosmetics and Dermatology Clinics, Hospitals, Cancer Treatment Centers, Others

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