123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Photodynamic Therapy Market Is Set To Expand At A Cagr Of 5.7% From 2018 To 2026

Profile Picture
By Author: Chakresh Thakur
Total Articles: 489
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The latest market report published by Credence Research, Inc. “Global Photodynamic Therapy (PDT) Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global photodynamic therapy market is set to expand at a CAGR of 5.7% from 2018 to 2026.

Browse the full report Photodynamic Therapy (PDT) Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/photodynamic-therapy-market

Market Insights

Photodynamic therapy is being studied thoroughly by researchers throughout the globe to employ its mechanism of action for the treatment of cancer related to brain, cervix, prostate and peritoneal cavity. Nanotechnology is being harnessed for developing photosensitizer drugs for specifically targeting cancerous cells and lesion. The major limitation of photodynamic therapy is its inability to treat cancer in metastatic stage and burning sensation, swelling, itching etc., at the site of light exposure.

Technological revolution has taken place in the last decade regarding the production of photosensitizing drugs. Currently third generation photosensitizers are available possessing minimal toxicity and ability to produce reactive oxygen species on exposure to light emitted by laser sources. Laser diodes emitting light wavelength of 733 nm are being manufactured by medical device manufacturers to be extensively employed in the photodynamic therapy pertaining to skin and eye disorders.

Presently, oncology is leading the application segment for photodynamic therapy market. Photodynamic therapy is used in combination with immunotherapy for shrinking the blood vessels proving nutrients to the tumor cells. In dermatology PDT is widely employed for the treatment of disorders such as acne, atopic dermatitis and psoriasis. Extensive research is being conducted to develop PDT as a potent antimicrobial therapy for the treatment of drug resistant pathogens occurring on the skin surface and oral cavity. PDT is employed for targeting and destroying the neovasculature formation occurring in wet age related macular degeneration (AMD).

In the present scenario North America is reigning the regional segment for photodynamic therapy market. According to Center for Disease Control and Prevention (CDC), it is estimated that annually 9,500 people are diagnosed with skin cancer in the United States. Existence of excellent healthcare facilities and early diagnosis drive the photodynamic therapy market in the North America region. As per the latest research findings of Melanoma Patient Network Europe (MPNE), in Europe annually 104,000 new cases of skin cancer are diagnosed. Existence of major players such as Biofrontera, AG, Allergan Plc., and Galderma S.A. and rising prevalence of age related macular degeneration in elderly population drive the photodynamic therapy market. Asia Pacific serves as lucrative market opportunity on account of rising prevalence of eye and skin disorders and market expansion options for key players.

Pharmaceutical companies actively engaged in providing products for photodynamic therapy are Allergan, Plc., Biofrontera AG, Biolitec AG, Dusa Pharmaceuticals, Galderma S.A., Lumenis, Ltd., PhotoMedex, Inc., Soligenix, Inc., Quest Pharmatech, Inc. and Valeant Pharmaceuticals International, Inc.

Key Market Movements:

Increasing number of people suffering with eye and skin disorders throughout the globe
Technological advancement in the development of third generation photosensitizing drugs with negligible toxicity and excellent body compatibility
Supportive regulatory environment for the approval and distribution of laser devices and photosensitizing drugs employed in PDT therapy

Total Views: 32Word Count: 507See All articles From Author

Add Comment

Business Articles

1. What Is Hemp Protein And How Can It Help You?
Author: Unknown Member

2. Important For Epoxy Coatings
Author: Unknown Member

3. Java Development Training And Jobs
Author: Zain Malik

4. All You Need To Know About Iso 13485 Auditor Training And Its Requirements
Author: Charles Wilson

5. Is Bitdefender Antivirus Plus Right For You?
Author: poppybobby

6. Beneficial Tips To Consider While Going On Hunting
Author: Unknown Member

7. Lead Generation Agency In Mumbai
Author: Poonam

8. Know What A Right Translation Agency Can Do For You
Author: Fayeem

9. Keuntungan Dari Perjalanan Bus
Author: Unknown Member

10. How To Recycle Moving Cardboard Boxes?
Author: Jeff Parker

11. Get The Best Employee Hiring, Human Resource And Business Plan Template For Your Business
Author: Diptiranjan Pradhan

12. It’s Mandatory To Select A Reputable Ferroalloy Supplier
Author: Andy

13. Applications Of Steel In Different Fields
Author: Andy

14. Different Types Of Ferroalloys And Their Uses
Author: Andy

15. Look For A Trusted And Experienced Ferroalloy Supplier
Author: Andy

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: