Global Photodynamic Therapy Market Trends And Strategies Of Major Players In The Photodynamic Therapy Market 2021-2030
11 Aug, 2021
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. 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.
Global Photodynamic Therapy Market Size And Drivers:
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 change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The photodynamic therapy market is expected to reach $7.10 billion in 2025 at a CAGR of 15.7%. The rising prevalence of skin cancer is contributing to the growth of the photodynamic therapy market.
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Trends In The Global Photodynamic Therapy Market
Players in the photodynamic therapy market are increasingly focusing on clinical trials for PDT in combination with different drugs.
Global Photodynamic Therapy Market Segments:
The global photodynamic therapy market is further segmented based on product, application, end user and geography.
By Product: Drugs, Devices
By Application: Actinic Keratosis (AK), Cancer, Acne, Psoriasis, Others
By End-User: Cosmetics And Dermatology Clinics, Hospitals, Cancer Treatment Centers, Others
By Geography: The global photodynamic therapy market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the photodynamic therapy market in 2020.
Read More On The Report For The Global Photodynamic Therapy Market At:https://www.thebusinessresearchcompany.com/report/photodynamic-therapy-global-market-report
Photodynamic Therapy Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides photodynamic therapy market overviews, analyzes and forecasts market size and growth for the global photodynamic therapy market, photodynamic therapy market share, photodynamic therapy market players, photodynamic therapy market segments and geographies, photodynamic therapy market’s leading competitors’ revenues, profiles and market shares. The photodynamic therapy market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.