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Photodynamic Therapy Market

Photodynamic Therapy Market Outlook, 2023- Forecasts and Opportunities in the Photodynamic Therapy Industry by Type (Drugs, Devices), Indications (Cancer, Actinic Keratosis, Psoriasis, Acne, Others), Application (Hospitals, Cosmetic and Dermatology Clinics, others), Companies and Countries to 2030

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  • |Published Month : November, 2022
  • |No. of Pages : 190

Technological advancements in the field of photodynamic therapy are encouraging market penetration across indications. Further, the increasing prevalence of cancer and other diseases is supporting the revenue growth of photodynamic therapy companies.

The report provides a market size outlook of photodynamic therapy drugs and devices. Of the major drugs used in photodynamic therapy, Aminolevulinic Acid, Porphyrin Derivatives, Chlorines, and Others are assessed. Further, photodynamic therapy devices including Diode Lasers, and Disposable Fiber Optic Light Delivery Devices are included in the report.

In addition, the global photodynamic therapy market size is forecast across Cancer, Actinic Keratosis, Psoriasis, Acne, and other indications. Further, the market size across end-user segments including Hospitals, Cosmetic and Dermatology Clinics, and others is also included in the photodynamic therapy industry analysis.

 

Photodynamic Therapy Market Study Highlights, 2023

  • The global Photodynamic Therapy Market Size stood at US$ 4 billion in 2022 and is poised to register 15.8% growth over the forecast period from 2023 to 2030
  • Cancer diagnosis and therapeutics is the largest field deploying photodynamic therapy worldwide, with a 37.9% market share. Other key uses of photodynamic therapy analyzed in the report include Actinic Keratosis, Psoriasis, Acne, and others.  
  • Among different types, photodynamic therapy drugs and devices are analyzed in the report. Of these, drugs remained the dominant segment with the highest market share in 2022.
  • Driven by rapid adoption across pharmaceutical research companies, North America dominates the global Photodynamic Therapy market with the dominant market share in value terms.
  • Key market driving forces including the growing prevalence of cancer around the world, advancements in photosensitizer device technologies, robust demand for personalized medicine, and others are identified among the main market dynamics
  • On the other hand, challenges associated with limitations of photodynamic therapy, lack of trained personnel posing market expansion challenges, and the negative impact of COVID-19 restrict the market growth
  • The market is relatively fragmented in nature with intense competitive conditions among leading market players. Intense competitive conditions exist among large conglomerates, resulting in increased mergers and acquisitions activities.

 

Photodynamic Therapy Market Outlook to 2030

Photodynamic Therapy Market Outlook to 2030

 

Photodynamic Therapy Market Overview

Photodynamic Therapy is one of the fastest-growing markets in the pharmaceutical industry, with rapid adoption across developing and developed markets. Technological advancements in the industry are encouraging the wide adoption of different device types. Photodynamic therapy involving light-sensitive medicine and a light source to destroy abnormal cells is widely being used worldwide with a growing incidence of cancers, actinic keratosis, and others.

Ease of application, less painful process, and reimbursement trends across developed countries support the market demand. Potential advantages such as less invasive than surgery, no long-term adverse events, PDT can be repeated many times in the same location, and other benefits. Accordingly, it is used in diverse conditions.

In addition to oncological conditions, PDT is effectively used to treat multiple dermatological and infectious diseases such as psoriasis Vulgaris, Darier’s disease (DAR), cutaneous sarcoidosis (granulomatous disease), lichen planus, acne vulgaris, acne inversa, rosacea, sebaceous hyperplasia, verrucae Vulgaris, cutaneous leishmaniasis, condyloma acuminatum (genital warts), and circumscribed scleroderma. One in three cancer diagnoses worldwide can be attributed to skin cancer (Zink, Hautarzt. 2017 Nov;68 (11):919-928), which presents significant scope for photodynamic drugs and devices.

Ophthalmologic conditions such as age-related macular degeneration (AMD) and choroidal neovascularization can also be treated by PDT.

PDT is widely researched and used to treat various cancers, remove bacteria and inflammations, and also to healing various skin diseases. PDT is a two-step process: The first step is the application of a drug known as “photosensitizer,” or a precursor of this type of drug, which tends to collect in specific cells; The second step is the activation of the photosensitizer by controlled exposure to a selective light source in the presence of oxygen.

The market growth is driven by the growing prevalence of cancer around the world, advancements in photosensitizer device technologies, robust demand for personalized medicine, and others. On the other hand, challenges associated with the negative impact of COVID-19 conditions, limitations of photodynamic therapy, and lack of trained personnel pose market expansion challenges, and others restrict the market growth.

 

Photodynamic Therapy Market Trend - Advancements in photosensitizer device technologies

Photosensitizers are used in the treatment of various types of tumors. Significant investments in the development of photosensitizers led to rapid evolution in the field. From first-generation PSs such as Porphyrin, and Hematoporphyrin to Second-generation PSs such as Benzoporphyrin, 5-Aminolevulinic acid, Protoporphyrin IX, Phthalocyanine, and Chlorin to third-generation photosensitizers such as Antibody conjugates, and Encapsulated agents into carriers, the field continues to evolve rapidly over the forecast period, driven by investments in clinical trials. Rapid advancements in Photosensitizers including enhanced tolerance of the tumor microenvironment, improved tumor-specific selectivity, and feasibility of use in deep tissue support widespread adoption.

 

Photodynamic Therapy Market Share Analysis- Cancer is the leading revenue generator in 2023

Photodynamic Therapy Market Share- Cancer, Actinic Keratosis, Psoriasis, Acne

Photo Dynamic Therapy uses light-sensitive compounds (photosensitizers) that are activated by light to induce cytotoxicity. These compounds penetrate preferentially into cancer cells, leaving healthy cells intact, and when activated by light, destroy cancer cells with minimal to no side effects. Clinical applications in the fields of dermatology, gastroenterology, neurosurgery, pneumology, gynecology, urology, and ophthalmology present significant potential for treatment.

Colorectal cancer, lung cancer, prostate cancer, head & neck cancer, brain cancer, pancreas cancer, and skin cancer are widely focused areas of cancer. Significant improvements in the areas of precision medicine will drive the way for more efficient and widespread utilization of Photodynamic therapy.

PDT helps to diagnose and treat multiple cancer types at the same time. The light-sensitive drug makes cancer visible, which can be removed by the surgeon. Further, with ongoing clinical trials emphasizing light-sensitive drugs, laser light treatments, non-laser light treatments, and ways of reducing the side effects, the outlook for the adoption of photodynamic therapy in the cancer application segment remains robust.

 

Photodynamic Therapy Market Segmentation

Types

  • Drugs
    • Aminolevulinic Acid
    • Porphyrin Derivatives
    • Chlorines
    • Others
  • Devices
    • Diode Lasers
    • Disposable Fiber Optic Light Delivery Devices

Conditions

  • Cancer
  • Actinic Keratosis
  • Psoriasis
  • Acne
  • Others

Applications

  • Hospitals
  • Cosmetic and Dermatology Clinics
  • Others

Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Companies

  • Galderma SA
  • Biofrontera AG
  • Lumibird SA
  • Soligenix
  • Bausch Health Companies Inc.
  • Sun Pharmaceutical Industries Ltd.
  • Modulight Inc
  • Theralase Technologies
  • Biolitec AG

1. Executive Summary

1.1 Introduction to Photodynamic Therapy Markets

1.2 Photodynamic Therapy Market Size Outlook, 2021- 2030

1.3 Growth Opportunities in Photodynamic Therapy Industry

1.4 Winning Strategies for the post-pandemic future

 

2. Report Guide

2.1 Market Definition and Scope

2.2 Market Segmentation

2.3 Research Methodology

2.4 Forecast Methodology

2.5 List of Abbreviations

 

3. Growth Opportunity Analysis

3.1 Key Photodynamic Therapy Market Trends

3.1.1 Growing prevalence of cancer around the world

3.1.2 Advancements in photosensitizer device technologies

3.1.3 Introduction of new drugs

 

3.2 Key Photodynamic Therapy Market Growth Drivers

3.2.1 Robust demand for personalized medicine

3.2.2 Robust demand for personalized medicine

3.2.3 Increasing healthcare expenditure

 

3.3 Key Photodynamic Therapy Market Growth Restraints

3.3.1 Limitations of Photodynamic Therapy

3.3.2 Lack of trained personnel pose market expansion challenges

 

4 Photodynamic Therapy Market Outlook – Scenario Analysis

4.1 Low Growth Case Scenario Forecasts: Photodynamic Therapy Market Size Outlook to 2030

4.2 Reference Growth Case Scenario Forecasts: Photodynamic Therapy Market Size Outlook to 2030

4.3 High Growth Case Scenario Forecasts: Photodynamic Therapy Market Size Outlook to 2030

 

5. Photodynamic Therapy Market Segmentation- Outlook by Type

5.1 Photodynamic Therapy Market Share Analysis by Type, 2023

5.2 Drugs Market Outlook to 2030

5.2.1 Aminolevulinic Acid

5.2.2 Porphyrin Derivatives

5.2.3 Chlorines

5.2.4 Others

5.3 Devices Market Outlook to 2030

5.3.1 Diode Lasers

5.3.2 Disposable Fiber Optic Light Delivery Devices

 

6. Photodynamic Therapy Market Segmentation- Outlook by Disease

6.1 Photodynamic Therapy Market Share Analysis by Disease, 2023

6.2 Cancer: Photodynamic Therapy Market Outlook to 2030

6.3 Actinic Keratosis: Photodynamic Therapy Market Outlook to 2030

6.4 Psoriasis: Photodynamic Therapy Market Outlook to 2030

6.5 Acne: Photodynamic Therapy Market Outlook to 2030

6.6 Other Diseases: Photodynamic Therapy Market Outlook to 2030

 

7. Photodynamic Therapy Market Segmentation- Outlook by Application

7.1 Photodynamic Therapy Market Share Analysis by Application, 2023

7.2 Hospitals: Photodynamic Therapy Market Outlook to 2030

7.3 Cosmetic and Dermatology Clinics: Photodynamic Therapy Market Outlook to 2030

7.4 Others: Photodynamic Therapy Market Outlook to 2030

 

8. North America Photodynamic Therapy Market Outlook and Opportunities to 2030

8.1 Market Snapshot, 2023

8.2 North America Photodynamic Therapy Market Growth Opportunities

8.2.1 North America Photodynamic Therapy Market Outlook by Type, 2021 to 2030

8.2.2 North America Photodynamic Therapy Market Outlook by Application, 2021 to 2030

8.2.3 North America Photodynamic Therapy Market Outlook by Country, 2021 to 2030

8.3 United States Photodynamic Therapy Market Outlook, 2021 to 2030

8.4 Canada Photodynamic Therapy Market Outlook, 2021 to 2030

8.5 Mexico Photodynamic Therapy Market Outlook, 2021 to 2030

 

9. Europe Photodynamic Therapy Market Outlook and Opportunities to 2030

9.1 Market Snapshot, 2023

9.2 Europe Photodynamic Therapy Market Growth Opportunities

9.2.1 Europe Photodynamic Therapy Market Outlook by Type, 2021 to 2030

9.2.2 Europe Photodynamic Therapy Market Outlook by Application, 2021 to 2030

9.2.3 Europe Photodynamic Therapy Market Outlook by Country, 2021 to 2030

9.3 Germany Photodynamic Therapy Market Outlook, 2021 to 2030

9.4 France Photodynamic Therapy Market Outlook, 2021 to 2030

9.5 United Kingdom Photodynamic Therapy Market Outlook, 2021 to 2030

9.6 Spain Photodynamic Therapy Market Outlook, 2021 to 2030

9.7 Italy Photodynamic Therapy Market Outlook, 2021 to 2030

9.8 Other Europe Photodynamic Therapy Market Outlook, 2021 to 2030

 

10. Asia Pacific Photodynamic Therapy Market Outlook and Opportunities to 2030

10.1 Market Snapshot, 2023

10.2 Asia Pacific Photodynamic Therapy Market Growth Opportunities

10.2.1 Asia Pacific Photodynamic Therapy Market Outlook by Type, 2021 to 2030

10.2.2 Asia Pacific Photodynamic Therapy Market Outlook by Application, 2021 to 2030

10.2.3 Asia Pacific Photodynamic Therapy Market Outlook by Country, 2021 to 2030

10.3 China Photodynamic Therapy Market Outlook, 2021 to 2030

10.4 Japan Photodynamic Therapy Market Outlook, 2021 to 2030

10.5 India Photodynamic Therapy Market Outlook, 2021 to 2030

10.6 South Korea Photodynamic Therapy Market Outlook, 2021 to 2030

10.7 Indonesia Photodynamic Therapy Market Outlook, 2021 to 2030

10.8 Other Asia Pacific Photodynamic Therapy Market Outlook, 2021 to 2030

 

11. South and Central America Photodynamic Therapy Market Outlook and Opportunities to 2030

11.1 Market Snapshot, 2023

11.2 South and Central America Photodynamic Therapy Market Growth Opportunities

11.2.1 South and Central America Photodynamic Therapy Market Outlook by Type, 2021 to 2030

11.2.2 South and Central America Photodynamic Therapy Market Outlook by Application, 2021 to 2030

11.2.3 South and Central America Photodynamic Therapy Market Outlook by Country, 2021 to 2030

11.3 Brazil Photodynamic Therapy Market Outlook, 2021 to 2030

11.4 Argentina Photodynamic Therapy Market Outlook, 2021 to 2030

11.5 Other Latin America Photodynamic Therapy Market Outlook, 2021 to 2030

 

12. Middle East and Africa Photodynamic Therapy Market Outlook and Opportunities to 2030

12.1 Market Snapshot, 2023

12.2 Middle East and Africa Photodynamic Therapy Market Growth Opportunities

12.2.1 Middle East and Africa Photodynamic Therapy Market Outlook by Type, 2021 to 2030

12.2.2 Middle East and Africa Photodynamic Therapy Market Outlook by Application, 2021 to 2030

12.2.3 Middle East and Africa Photodynamic Therapy Market Outlook by Country, 2021 to 2030

12.3 Saudi Arabia Photodynamic Therapy Market Outlook, 2021 to 2030

12.4 United Arab Emirates (the UAE) Photodynamic Therapy Market Outlook, 2021 to 2030

12.5 Other Middle East Photodynamic Therapy Market Outlook, 2021 to 2030

12.6 Egypt Photodynamic Therapy Market Outlook, 2021 to 2030

12.7 South Africa Photodynamic Therapy Market Outlook, 2021 to 2030

12.8 Other Africa Photodynamic Therapy Market Outlook, 2021 to 2030

 

13. Profiles of major world Photodynamic Therapy Companies

13.1 Galderma SA

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.2 Biofrontera AG

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.3 Lumibird SA

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.4 Soligenix

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.5 Bausch Health Companies Inc.

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.6 Sun Pharmaceutical Industries Ltd.

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.7 Modulight Inc

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

13.8 Theralase Technologies

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

- Financial Profile

13.9 Biolitec AG

- Key Statistics

- Business Operations

- Products and Services Offered

- SWOT Analysis

- Financial Profile

- Financial Profile

 

14. Appendix

14.1 Publisher’s Expertise

14.2 List of Tables and Charts

14.3 List of Exhibits

14.4 Legal Disclaimer

 

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