Photodynamic Therapy Market Size And Forecast
The Global Photodynamic Therapy Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Photodynamic Therapy Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Photodynamic Therapy Market was valued at USD 3.40 Billion in 2019 and is projected to reach USD 11.85 Billion by 2027, growing at a CAGR of 16.9% from 2020 to 2027.
What is Photodynamic Therapy?
Photodynamic therapy is a treatment that combines light energy with a drug designed to precancerous cells and destroys cancerous after light activation. It is a two-stage treatment. Photodynamic therapy uses special drugs called photosensitizing agents, along with light, to kill pre-cancerous cells in the treatment. Photosensitizers are activated by a specific wavelength of light energy, usually from a laser. Photodynamic therapy also is known as photoradiation therapy, PDT, photochemotherapy, and phototherapy. Photodynamic therapy has proven the ability to kill microbial cells, including bacteria, viruses, and fungi.
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Global Photodynamic Therapy Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
According to the World Health Organization (WHO), about 1,32,000 melanoma and two to three million non-melanoma skin cancer occur annually worldwide. Also increase in the prevalence of various skin diseases, such as psoriasis, actinic keratosis, acne, rosacea, and others. Photodynamic therapy is one of the most successful treatments and mostly prescribed photodynamic therapy over conventional treatments. Thus, the increasing prevalence of skin disorders and awareness about therapy drive the market for photodynamic therapy. However, some prevalent challenges such as ultimate vascular shutdown and blood vessel occlusion in treatment might hamper the market growth during the forecasted period.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Photodynamic Therapy Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Photodynamic Therapy Market Competitive Landscape
The “Global Photodynamic Therapy Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Theralase Technologies Inc., Biofrontera AG, Hologic, Inc., Bausch Health, Quest PharmaTech Inc., LUMIBIRD, Galderma Laboratories L.P., Modulight, Inc., Sun Pharmaceutical Industries Ltd., and SUS Advancing Technology Co., Ltd. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Photodynamic Therapy Market, By Product
o Aminolevulinic Acid (ALA)
o Porphyrin Derivative (PD)
§ Benzoporphyrin Derivative (BPD)
§ Hematoporphyrin Derivative (HpD)
o Diode Lasers
o Disposable Fiber Optic Light Delivery Devices (DFOLDD)
Photodynamic Therapy Market, By Application
• Actinic Keratosis (AK)
Photodynamic Therapy Market, By End-User
• Cosmetics & Dermatology Clinics
• Cancer Treatment Centers
Photodynamic Therapy Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
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