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Photodynamic Therapy Market 2023 - Revenue Analysis, Growth, Trends, Segmentation and Regional Forecast 2032
The global photodynamic therapy market size grew from $4.58 billion in 2022 to $5.29 billion in 2023 at a compound annual growth rate (CAGR) of 15.5%. 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, causing inflation across goods and services and affecting many markets across the globe. The photodynamic therapy market size is expected to grow to $9.35 billion in 2027 at a CAGR of 15.3%.
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Photodynamic Therapy Market Drivers:
The rising prevalence of skin cancer is contributing to the growth of the photodynamic therapy market. Skin cancer is observed to be the most common cancer of all cancers. Melanoma attributes for only about 1% of skin cancers but causes a large number of skin cancer deaths. Photodynamic treatment (PDT) uses a combination of a light sensitizing medication and very intense light to destroy cancer cells. The doctor applies a light sensitizing chemical-containing lotion to the skin cancer and surrounding area.
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Photodynamic Therapy Market Segments:
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Photodynamic Therapy market.
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Photodynamic Therapy Market Key Players:
Major players in the 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, Modulight Inc., SUS Advancing Technology Co. Ltd., Lumenis Ltd., PhotoMedex Inc., Dusa Pharmaceuticals, Soligenix Inc., Biolitec AG, Valeant Pharmaceuticals International Inc., Sanofi, Beiersdorf, and Ambicare Health.
The Business Research Company's "Global Photodynamic Therapy Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Photodynamic Therapy Market Include:
1. Executive Summary
2. Photodynamic Therapy Market Characteristics
3. Photodynamic Therapy Market Trends And Strategies
4. Photodynamic Therapy Market - Photodynamic Therapy Market
5. Photodynamic Therapy Market Size And Growth
.....
26. Africa Photodynamic Therapy Market
27. Photodynamic Therapy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Photodynamic Therapy Market
29. Photodynamic Therapy Market Future Outlook and Potential Analysis
30. Appendix
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