Discover trends, market shifts, and competitive outlooks for the photodynamic therapy industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#How Has the Photodynamic Therapy Market Growth Performance Trended Historically, And What Lies Ahead?

In recent times, the market size for photodynamic therapy has seen robust growth. There is projected growth from $1.45 billion in 2024 to $1.55 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The previous period’s growth can be linked to factors such as the rise in the aging population, a surge in cases of cancer, increased occurrences of skin diseases, burgeoning pollution levels, escalation in healthcare expenditures, and an increase in healthcare facilities.

Over the coming years, the photodynamic therapy market is projected to experience robust growth, reaching $2 billion by 2029, with a compound annual growth rate (CAGR) of 6.5%. Factors driving growth during this forecast period include an increase in medical spending, insurance that covers photodynamic therapy, great potential in burgeoning economies, a rise in the adolescent and senior populations, growing incidence of cancer and chronic illnesses, and the emergence of new infectious diseases. Noteworthy trends for the period include the launch of a mobile photodynamic therapy device for home-based dermatologic PDT treatments, investment in AI-integrated PDT for better patient care, extending the product range in cosmetic procedures, continued commitment in R&D, concentrating on offering photoimmunotherapy equipment and widening the collection to cover photothermal therapy.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=5246&type=smp

What Are the Core Market Drivers Propelling Growth in the Photodynamic Therapy Industry?

The escalating incidence of skin cancer is bolstering the expansion of the photodynamic therapy market. It is noted that skin cancer is the most prevalent type among all others. Melanoma, while making up only around 1% of skin cancer incidents, attributes to a significant number of fatalities related to skin cancer. Photodynamic therapy (PDT) utilises a blend of a light-reactive drug and high-intensity light to annihilate cancer cells. A light-sensitive chemical-infused cream is applied by the doctor to the skin cancer area and the nearby region. To provide an example, the American Cancer Society stated in January 2024 that skin cancer is the most widespread cancer in the U.S, with melanoma making up approximately 1% of incidents but being accountable for the most fatalities caused by skin cancer. Furthermore, it’s estimated in 2024 that there will be 100,640 new melanoma diagnoses in the U.S, which will include roughly 59,170 men and 41,470 women. It’s projected that there will be around 8,290 melanoma-related fatalities, counting approximately 5,430 men and 2,860 women. Consequently, the accelerating incidence of skin cancer is anticipated to propel the progress of the photodynamic therapy market in the forthcoming years.

How Is the Photodynamic Therapy Market Segmented?

The photodynamic therapy market covered in this report is segmented –

1) By Product: Drugs, Devices

2) By Application: Actinic Keratosis (AK), Cancer, Acne, Psoriasis, Other Applications

3) By End-User: Cosmetics And Dermatology Clinics, Hospitals, Cancer Treatment Centers, Other End-Users

Subsegments:

1) By Drugs: Photosensitizers, Combination Drug Therapies, Novel Photosensitizer Formulations

2) By Devices: Light Sources (Laser Systems, LED Systems), Delivery Devices (Fiber Optics, Handheld Devices), Treatment Systems (Portable Devices, Fixed Systems)

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=5246&type=smp

Which Regions Are Driving the Next Phase of the Photodynamic Therapy Market Growth?

North America was the largest region in the photodynamic therapy market in 2024. The regions covered in the photodynamic therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Market Trends and Innovations Are Shaping the Future of the Photodynamic Therapy Industry?

The photodynamic therapy market is witnessing a surge in clinical trials of PDT in conjunction with various drugs, led by market players. For instance, Kintara Therapeutics, a biotechnology firm based in the US, launched a clinical trial for its REM-001 treatment, specially designed for cutaneous metastatic breast cancer, in February 2024. The trial, labeled NCT05374915, is an open-label study that involves 15 patients diagnosed with cutaneous metastatic breast cancer (CMBC). It will evaluate the efficacy of the second-generation photodynamic therapy drug, REM-001, with a dosage of 0.8 mg. The focus of the study is to optimize the trial design for the upcoming Phase 3 trial and to assess the Best Overall Objective Response Rate (bORR) in specific treatment fields within a 24-week period. The main goal of the trial will be to measure both complete and partial responses.

View the full report here:

https://www.thebusinessresearchcompany.com/report/photodynamic-therapy-global-market-report

How Is the Photodynamic Therapy Market Defined and What Are Its Core Parameters?

Photodynamic therapy refers to a procedure that uses a light source and medication that is light-sensitive to eliminate aberrant cells. Some eye and skin disorders, as well as specific cancers, can be treated with it. Photodynamic therapy (PDT) is a two-stage treatment that combines light energy with a drug (photosensitizer) designed to destroy cancerous and precancerous cells after light activation.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5246

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model