Photodynamic Therapy Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033
Buy NowGlobal Photodynamic Therapy Market Size & Summary
The photodynamic therapy (PDT) market is anticipated to grow significantly, reaching US$7.48 billion by 2033, up from US$3.89 billion in 2024. This growth is driven by a compound annual growth rate (CAGR) of 7.52% from 2025 to 2033. PDT's increasing adoption for treating cancer, dermatological disorders, and other conditions, along with advancements in light-based technologies, is expected to fuel the market's expansion globally.
Photodynamic Therapy Market Global Forecast Report by Product Types (Photodynamic Therapy Devices, Photosensitizer Drugs), Application (Cancer, Actinic Keratosis, Psoriasis, Acne, Others), End-User (Hospitals, Cosmetics & Dermatology Clinics, Cancer Treatment Centers, Others), Countries and Company Analysis 2024- 2032
Report Features | Details |
Base Year |
2024 |
Forecast Years |
2025 - 2033 |
Historical Years |
2020 - 2024 |
Market Size in 2023 |
US$ 3.89 Billion |
Market Forecast in 2032 |
US$ 7.48 Billion |
Market Growth Rate (2024-2032) |
7.52% |
Photodynamic Therapy Market Outlooks
Photodynamic therapy (PDT) is a minimally invasive medical treatment using light-sensitive compounds called photosensitizers and a specific wavelength of light to generate reactive oxygen species that kill targeted cells. It is primarily used for the treatment of several medical conditions, including cancer, skin disorders, and certain bacterial infections.
PDT in the treatment of cancers is most useful for early-stage and localized cancers, including esophageal, lung, and bladder cancers. The photosensitizer is given to the patient and is selectively taken up by cancer cells. Upon exposure to light, the compound becomes activated, killing cancerous tissues without harming healthy cells. PDT is also commonly used in dermatology for actinic keratosis, acne, and psoriasis. It targets abnormal or damaged skin cells, thus improving the health and appearance of the skin. PDT has been shown to be effective in treating infections by killing drug-resistant bacteria and reducing biofilm formation. Its non-invasive nature, accuracy, and fewer side effects make PDT an attractive alternative to traditional therapies.
Growth Driver of the Photodynamic Therapy Market
Rising Prevalence of Cancer and Skin Disorders
The increasing incidence of cancers, including lung, esophageal, and bladder cancer, and skin disorders like actinic keratosis and psoriasis, is driving the demand for photodynamic therapy (PDT). PDT is a targeted and minimally invasive treatment that has fewer side effects compared to traditional therapies like chemotherapy or surgery. Its selective destruction of abnormal cells with the sparing of healthy tissues makes it highly appealing. In addition, growing awareness among patients and healthcare providers about PDT's efficacy in managing localized and early-stage cancers further fuels market growth, enhancing its role in oncology and dermatology. By 2050, more than 35 million new cancer cases are projected, which would be a 77% rise from 20 million in 2022. These increases are contributed by population aging, growth, and changes in risk factor exposure due to socioeconomic development.
Technological Advancements in Light-Based Therapies
Continuous advancements in light-based technologies, like LED and laser devices, propel the photodynamic therapy market substantially. Advanced light systems enhance the precision and depth of penetration of light, enhancing the treatment results. Next-generation photosensitizers with improved biocompatibility and efficiency have expanded PDT applications to previously challenging conditions. Improved accessibility and reduced procedural complexity have attracted more healthcare facilities to adopt PDT. Growth is expected to be accelerated by research focused on enhancing photosensitizer formulations and combination therapies, which will broaden the range of treatable diseases. In June 2024, Biofrontera Inc. introduced the FDA-approved RhodoLED XL, a red-light LED lamp that has advanced PDT treatment with its sleek design and user-friendly interface.
Growing Demand for Non-Invasive Treatments
The patients and healthcare providers increasingly prefer non-invasive treatments as they have less risk and a shorter recovery period. Photodynamic therapy is less harmful compared to traditional treatments and causes less damage to the healthy tissues surrounding the area. It reduces the stay in the hospital and all the expenses, thus becoming cost-effective. Another factor driving PDT adoption is that it has an increasing demand in patient-friendly treatments for the growing aging population that is more vulnerable to cancers and chronic skin diseases. PDT is becoming a driver in its market expansion worldwide as there is more focus on the quality of life in patients and due to its non-invasive characteristics. November 2024, The research therapy photodynamic Ameluz with the BF-RhodoLED lamp resulted in significant statistical outcomes for sBCC patients, as determined by the phase 3 ALA-BCC-CT013 study, NCT03573401.
Photodynamic Therapy Market Challenges
High Treatment Costs and Limited Reimbursement Policies
One of the significant challenges for the PDT market is the cost associated with the treatment, including photosensitizers and specialized light-based devices. These costs may make it difficult for patients and healthcare providers to opt for PDT as a standard treatment. Moreover, many regions do not have complete reimbursement policies that restrict access, especially in developing countries. Current PDT insurance coverage remains inconsistent, being under the guild of niche or emerging therapy. This financial barrier limits widespread adoption, thus offering a challenge to market growth despite clinical effectiveness.
Limited Awareness and Expertise Among Healthcare Providers
There is limited awareness of the benefits and applications of photodynamic therapy among healthcare professionals. Most physicians and specialists are unaware of PDT's mechanism, indications, and potential advantages over established treatments. Furthermore, lack of training programs to make the practitioner proficient in PDT prevents its incorporation into routine medical practice. This knowledge gap reduces referrals and availability of PDT services in medical facilities. This challenge requires more significant investment in educational initiatives and workshops to increase awareness and expertise so that healthcare providers and patients understand the value of the therapy.
Photodynamic Therapy Devices Market
The photodynamic therapy (PDT) devices market is growing rapidly due to the advancements in light-based technologies and increased adoption of minimally invasive treatments. PDT devices, such as lasers, LEDs, and fiber-optic systems, are essential for activating photosensitizers during treatment. These devices are widely used in oncology, dermatology, and ophthalmology for conditions like cancer, acne, and macular degeneration. The market has experienced a surge due to growing health awareness, technological advancements, and increased need for non-invasive treatments. The market will face growth restriction by high cost of devices and low healthcare provider expertise. The market will expand with further research and accessibility.
Cancer Photodynamic Therapy Devices Market
The growing incidence of cancer and the increasing demand for targeted minimally invasive treatments are boosting the market for cancer photodynamic therapy (PDT) devices. The PDT devices, including lasers and LEDs, play a vital role in activating photosensitizers to selectively destroy cancerous tissues while sparing healthy cells. They are particularly effective for the treatment of localized and early-stage cancers, such as lung, esophageal, and bladder. Advancements in device technology, improved precision, and rising awareness of PDT's benefits boost market growth. However, there are challenges that include high costs and limited reimbursement policies. The market has future potential based on ongoing innovations.
Photodynamic Therapy Devices Hospital Market
The photodynamic therapy devices hospital market is growing as hospitals adopt PDT for treatment purposes against various disorders of the skin and cancer. Hospitals prefer PDT devices such as lasers, LEDs, and fiber-optic systems because of their precision and effectiveness in targeting diseased tissues with minimal side effects. The increased incidence of cancer and chronic skin conditions, as well as device technology advancements, are driving the demand. Moreover, hospitals benefit from the outpatient potential of PDT, which reduces recovery times and costs for patients. However, the adoption of the market will be hampered by high equipment costs and the lack of technical know-how among healthcare professionals. Continued innovation will support market growth.
United States Photodynamic Therapy Devices Market
The United States PDT devices market is growing with the increasing prevalence of cancer, skin disorders, and light-based medical technologies. PDT devices, such as lasers and LEDs, are widely used in oncology and dermatology for their targeted treatment capabilities and minimal invasiveness. The strong presence of key market players, robust healthcare infrastructure, and ongoing research into innovative PDT applications support market expansion. However, challenges such as high treatment costs and inconsistent reimbursement policies persist. Efforts to improve patient awareness, expand insurance coverage, and enhance device accessibility are expected to drive further growth in the U.S. market. A groundbreaking clinical trial for glioblastoma will begin in early 2024 at UPMC and the UPMC Hillman Cancer Center. The trial will use intraoperative photodynamic therapy (PDT) combined with the drug Pentalafen® and a new laser device, Heliance®, developed by Hemerion Therapeutics®.
France Photodynamic Therapy Devices Market
France's photodynamic therapy (PDT) devices market is experiencing steady growth, supported by increasing adoption of minimally invasive treatments in oncology and dermatology. Rising cases of cancers, such as lung and skin cancer, and conditions like actinic keratosis are fueling demand for PDT devices, including lasers and LEDs. France's well-established healthcare system and government initiatives promoting advanced treatments contribute to market expansion. Research and clinical PDT applications are continuously growing. However, high device cost and lack of awareness among service providers are causing obstacles. As more innovation in technology and efforts for education may come into view, the industry will grow rapidly in the market.
China Photodynamic Therapy Devices Market
Photodynamic therapy devices market of China is surging due to an increase in the rate of cancer, various skin disorders among the population and increased demand from patients for using modern medical diagnostic and therapeutic approaches. Large patient population and developing health infrastructure are other major opportunities in the country, mainly for PDT devices. Government initiatives on modernization in healthcare and focus on minimal-invasive treatments promote the market growth. Still, there are hurdles such as a high cost of devices, poor awareness among medical professionals, and inequality in accessing highly advanced treatments at rural locations. Further growth in the market is likely to be facilitated by innovation and localized manufacturing. May 2024: Photocure ASA reported that its partner, Asieris Pharmaceuticals, has had the National Medical Products Administration (NMPA) accept its new drug application (NDA) for Cevira® (Hexaminolevulinate Hydrochloride Ointment Photodynamic Therapy System) in China. Cevira is a drug-device combination developed for the non-surgical treatment of high-grade squamous intraepithelial lesions (HSIL) and is licensed to Asieris by Photocure.
Brazil Photodynamic Therapy Devices Market
The PDT devices market in Brazil is growing with increased awareness of minimal invasive treatments in oncology, dermatology, and other medical streams. The rise in skin disorders such as actinic keratosis and skin cancer, along with the increasing prevalence of cancer, fuels the demand for PDT devices like lasers and LEDs. Improving health care infrastructure in Brazil and advanced treatment focus supports the growth of the market. Other initiatives of the government for health innovation and investment in medical technology support the development of the market. However, there are also issues like the high cost of PDT devices and the unavailability of advanced technologies in remote areas, which need to be addressed to expand further.
Saudi Arabia Photodynamic Therapy Devices Market
Saudi Arabia is witnessing a consistent growth trend in the PDT devices market due to the rising prevalence of skin conditions, cancers, and chronic disorders that can only be treated with advanced, non-invasive modalities. The government has been targeting healthcare infrastructure development and innovative therapy adoption; hence, it supports the adoption of PDT devices, such as lasers and LEDs. Furthermore, government efforts to upgrade healthcare services and gain access to cutting-edge medical technologies would catalyze market growth. However, the market is expected to face challenges like high device costs and limited awareness among healthcare providers. As education and infrastructure improve, the market is expected to continue expanding.
Photodynamic Therapy Devices Market Segments
Product Type – Market breakup in 2 viewpoints:
- Photodynamic Therapy Devices
- Photosensitizer Drugs
Application – Market breakup in 5 viewpoints:
- Cancer
- Actinic Keratosis
- Psoriasis
- Acne
- Others
End User – Market breakup in 4 viewpoints:
- Hospitals
- Cosmetics & Dermatology Clinics
- Cancer Treatment Centers
- Others
Countries – Market breakup of 25 Countries:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherland
- Turkey
Asia Pacific
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Key Players Analysis
- Gladerma S.A
- Sun Pharmaceutical Industries Ltd
- Biofrontera Inc.
- Lumibird S.A
- Bausch Health Companies Inc.
- Soligenix Inc.
- Modulight Corporation
- Theralase Technologies Inc.
Report Details:
Report Features | Details |
Base Year |
2024 |
Historical Period |
2020 - 2024 |
Forecast Period |
2025 - 2035 |
Market |
US$ Billion |
Segment Covered |
Product Type, Application, End User and Countries |
Countries Covered |
|
Companies Covered |
|
Customization Scope |
20% Free Customization |
Post-Sale Analyst Support |
1 Year (52 Weeks) |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Customization Services available
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1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Photodynamic Therapy Market
6. Market Share Analysis
6.1 By Product Type
6.2 By Application
6.3 By End User
6.4 By Countries
7. Product Type
7.1 Photodynamic Therapy Devices
7.2 Photosensitizer Drugs
8. Application
8.1 Cancer
8.2 Actinic Keratosis
8.3 Psoriasis
8.4 Acne
8.5 Others
9. End User
9.1 Hospitals
9.2 Cosmetics & Dermatology Clinics
9.3 Cancer Treatment Centers
9.4 Others
10. Countries
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Porter’s Five Forces Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1.1 Strength
12.1.2 Weakness
12.1.3 Opportunity
12.1.4 Threat
13. Key Players Analysis
13.1 Gladerma S.A
13.1.1 Overview
13.1.2 Key Persons
13.1.3 Recent Development & Strategies
13.1.4 Revenue Analysis
13.2 Sun Pharmaceutical Industries Ltd
13.2.1 Overview
13.2.2 Key Persons
13.2.3 Recent Development & Strategies
13.2.4 Revenue Analysis
13.3 Biofrontera Inc.
13.3.1 Overview
13.3.2 Key Persons
13.3.3 Recent Development & Strategies
13.3.4 Revenue Analysis
13.4 Lumibird S.A
13.4.1 Overview
13.4.2 Key Persons
13.4.3 Recent Development & Strategies
13.4.4 Revenue Analysis
13.5 Bausch Health Companies Inc.
13.5.1 Overview
13.5.2 Key Persons
13.5.3 Recent Development & Strategies
13.5.4 Revenue Analysis
13.6 Soligenix Inc.
13.6.1 Overview
13.6.2 Key Persons
13.6.3 Recent Development & Strategies
13.6.4 Revenue Analysis
13.7 Modulight Corporation
13.7.1 Overview
13.7.2 Key Persons
13.7.3 Recent Development & Strategies
13.7.4 Revenue Analysis
13.8 Theralase Technologies Inc.
13.8.1 Overview
13.8.2 Key Persons
13.8.3 Recent Development & Strategies
13.8.4 Revenue Analysis
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