Market Overview
GlobalΒ Photodynamic Therapy Devices MarketΒ size and share is currently valued at USD 5.63 billion in 2023 and is anticipated to generate an estimated revenue of USD 12.33 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 9.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032
Photodynamic therapy (PDT) devices are primarily used for light-based therapy in cancer treatment, utilizing a combination of a photosensitizerβa light-sensitive drugβand light to treat or destroy abnormal cells. The therapy works by administering the photosensitizer, followed by the application of a specific wavelength of light, which activates the drug to produce a reactive form of oxygen that destroys the targeted cells. PDT has gained widespread adoption in the treatment of skin cancer, oral cancer, lung cancer, and more recently, esophageal cancer.
The market for PDT devices is growing due to increasing incidences of cancer and other diseases that require targeted treatment. The rise in skin-related issues, particularly non-melanoma skin cancers, is one of the primary factors contributing to the expansion of PDT applications. Additionally, the increasing demand for non-invasive treatment options that offer minimal recovery times is boosting the adoption of PDT devices.
Technological advancements, such as the introduction of portable PDT devices and the integration of advanced laser technologies, have further fueled market growth. PDT devices are now more efficient, versatile, and easier to use, making them more appealing to both healthcare providers and patients.
Major Key Players:
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https://www.polarismarketresearch.com/industry-analysis/photodynamic-therapy-devices-market
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