Photodynamic Therapy Market Size and Forecast to 2031 | Key Players - Theralase Technologies, Modulight, Quest PharmaTech, Biofrontera AG, Galderma

The report also presents the market competition landscape and a corresponding detailed analysis of the prominent manufacturers in this market.

According to the deep-dive market assessment study conducted by Growth+Reports, the global photodynamic therapy market was pegged at ~US$ 1.38 billion in 2020. The market is expected to witness a CAGR of ~15.5% from 2021 to 2031.

Photodynamic therapy has several limitations. Limitations such as difficulty in treating large tumor masses, lower tissue penetration properties of visible light used in photodynamic therapy, and limited therapeutic depth. These are hindering the adoption of photodynamic therapy. Moreover, there are some disadvantages of using photodynamic therapy. These include the risk of adverse reactions such as swelling, burning sensation, and scarring in the nearby normal tissues, among others. The therapy also causes temporary side-effects such as coughing, shortness of breath, or painful breathing. Such factors are limiting the use of photodynamic therapy and in turn, restraining the market growth to a certain extent. Regionally, Asia-Pacific is anticipated to grow at a higher CAGR during the forecast period. The rising geriatric population, increasing prevalence of cancer, and rising awareness for use of minimally invasive procedures among the population are some of the major factors boosting the growth.

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Key Players Mentioned in the Global Photodynamic Therapy Market Research Report:

• Quantel Medical (Subsidiary of the Lumibird Group)
• Theralase Technologies
• Modulight
• Quest PharmaTech
• Biofrontera AG
• Galderma
• Sun Pharmaceutical Industries Ltd
• Bausch & Lomb
• SUS Advancing Technology Co., Ltd
• Sagentia
• among others

Global Photodynamic Therapy Market Segmentation by Product Type:
• Drugs
• Devices

Global Photodynamic Therapy Market Segmentation by Application:
• Cancer
• Actinic Keratosis (AK)
• Psoriasis

Key Reasons to Purchase:

To gain insightful analyses of the market and have a comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the Photodynamic Therapy Market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the outlook and prospects for the market.

Key Questions Answered in the Report Include:

(1) This report gives all the information about the industry analysis, revenue, and overview, of this market.

(2) What will be the rate of increase in market size and growth rate by the end of the forecast period?

(3) What are the major global Photodynamic Therapy Market trends influencing the development of the market?

(4) What are the vital results of SWOT analysis of the major players operating in the Photodynamic Therapy Market?

(5) What are the potential growth opportunities and threats faced by Major competitors in the market?

(6) What are the market opportunities and threats faced by vendors in the Global Photodynamic Therapy Market?

Detailed TOC of Global Photodynamic Therapy
Market Growth (Status and Outlook) 2021-2031

1 Scope of the Report

1.1 Market Ecosystem
1.2 Geographic Scope
1.3 Timeline Under Consideration
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered

2 Photodynamic Therapy Market Executive Summary

2.1 World Market Overview
2.1.1 Global Market Size 2020-2031
2.1.2 Market Size CAGR by Region 2020 VS 2028
2.2 Photodynamic Therapy Market Segment by Type
2.2.1 Type 1
2.2.2 Type 2

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Manan Sethi
Director, Market Insights
Email: enquire@growthplusreports.com
Phone no: +91 96545 76783
Web: https://growthplusreports.com/

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This release was published on openPR.