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Photodynamic Therapy Devices Market Size
- Report ID: GMI7990
- Published Date: Jan 2024
- Report Format: PDF
Photodynamic Therapy Devices Market Size
Photodynamic Therapy Devices Market size was valued at USD 779.1 million in 2023 and is estimated to expand at 8.3% CAGR from 2024 to 2032. Photodynamic therapy devices (PTD) are medical instruments designed for a therapeutic technique that uses light and a photosensitizing chemical substance to treat various medical conditions, including certain types of cancer and certain skin conditions. Furthermore, photodynamic therapy devices have gained traction in dermatology for treating skin conditions such as actinic keratosis, acne, and certain types of skin cancer.
Moreover, cancer, which was responsible for almost 10 million deaths in 2020, constituting nearly one in six deaths globally, stands as a prominent cause of mortality worldwide as per the World Health Organization. The prevalent types include breast, prostate, colon, rectum, and lung cancer, which is estimated to reach USD 86.5 billion by 2032. Thus, with the increasing incidence of various types of cancer, there has been a growing interest in PDT as a treatment modality. This has led to the development of PDT devices specifically designed for cancer therapy, particularly for skin cancers like basal cell carcinoma and squamous cell carcinoma.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Photodynamic Therapy Devices Market Size in 2023: | USD 779.1 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 8.3% |
| 2032 Value Projection: | USD 1.58 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 166 |
| Tables, Charts & Figures: | 132 |
| Segments covered: | Product, Application, End-use, and Region |
| Growth Drivers: |
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Photodynamic Therapy Devices Market Scope
