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Photodynamic Therapy Market Growth Supported by Skin Cancer Treatment Demand | Galderma Nordic AB, BIOFRONTERA AG, Sun Pharmaceutical Industries Ltd.
Photodynamic Therapy Market
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Photodynamic Therapy Market Growth
The Global Photodynamic Therapy Market reached US$ 5.3 billion in 2024 and is expected to reach US$ 10.4 billion by 2032, growing at a CAGR of 8.8% during the forecast period 2025-2032.
Comprehensive Insight into Photodynamic Therapy Market Landscape and Growth Trends:
Photodynamic therapy is a treatment that uses photosensitizing agents, light, and oxygen to selectively kill abnormal cells. It is used in treating cancers, acne, and macular degeneration.
PDT is gaining traction due to its minimally invasive nature and low systemic toxicity. With rising incidences of skin cancer and chronic acne, combined with ongoing innovations in light-based technologies, the market is poised for significant growth.
Major Players Shaping the Competitive Landscape:
Galderma Nordic AB, BIOFRONTERA AG, Sun Pharmaceutical Industries Ltd., Lumibird Medical, Bausch + Lomb., illumacell, Pinnacle Biologics, Inc., Zimed Healthcare Inc, MEDlight GmbH and Luzitin, S.A. among others.
Important Mergers, Acquisitions, and Market Shifts:
▶ July 5, 2023 (ongoing relevance) - The U.S. FDA granted orphan drug status to padeliporfin VTP for advanced pancreatic cancer, marking the first recognized PDT therapy for this indication.
▶ February 1, 2023 (still shaping 2025) - The FDA approved the ML6710i photodynamic laser, co-developed by Bausch + Lomb and Modulight, for use with Visudyne in treating certain cases of wet AMD.
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Methodology and Scope:
This Photodynamic Therapy Market report is developed using a robust research methodology that combines primary interviews, insights from industry experts, and verified secondary sources such as company filings, trade journals, and trusted databases. It follows a bottom-up and top-down approach to ensure data accuracy through triangulation. The scope of the report covers current market trends, growth potential, and strategic developments across global and regional markets.
Regional Overview for Photodynamic Therapy Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Report Includes:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.
People Also Ask:
➠ What are the global sales, production, consumption, imports, and exports in the Photodynamic Therapy market?
➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?
➠ What key opportunities and challenges do vendors face in the Photodynamic Therapy industry?
➠ Which product types, applications, or end-users are driving market growth, and what is their market share?
➠ What are the major growth drivers and restraints of the Photodynamic Therapy market?
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