Photodynamic Therapy Market

By Product;

Drugs – Porphyrin Derivative (PD), Hematoporphyrin Derivative (HpD), Benzoporphyrin Derivative (BPD), Texaphyrins, Others, Aminolevulinic Acid (ALA), Chlorines, and Others

By Light Source;

Lasers, Light Emitting Diodes (LEDs), Lamps, and Others

By Application;

Cancer – Basal Cell Carcinoma, Non-small Cell Lung Cancer, Head & Neck Cancer, and Others; Actinic Keratosis (AK), Psoriasis, Acne, and Others

By End User;

Hospitals, Cosmetics & Dermatology Clinics, and Cancer Treatment Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn165704816 Published Date: August, 2025

Photodynamic Therapy Market Overview

Photodynamic Therapy Market (USD Million)

The Global Photodynamic Therapy Market was valued at USD 5,460.99 million in the year 2024. The size of this market is expected to increase to USD 10,507.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.8%.


Photodynamic Therapy Market

*Market size in USD million

CAGR 9.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)9.8 %
Market Size (2024)USD 5,460.99 Million
Market Size (2031)USD 10,507.22 Million
Market ConcentrationMedium
Report Pages386
5,460.99
2024
10,507.22
2031

Major Players

  • Biofrontera AG
  • Theralase Technologies Inc.
  • Quest PharmaTech Inc.
  • Modulight, Inc.
  • Galderma Laboratories L.P. (Nestl)
  • Sun Pharmaceutical Industries Ltd.
  • SUS Advancing Technology Co.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Photodynamic Therapy Market

Fragmented - Highly competitive market without dominant players


The Photodynamic Therapy (PDT) Market is witnessing accelerated growth as healthcare increasingly adopts less invasive treatments. More than 40% of oncology and dermatology professionals now recognize PDT as a frontline option for managing select cancers and skin conditions. Its targeted approach, combining photosensitizers with controlled light exposure, helps minimize side effects compared to conventional methods, positioning PDT as a preferred modern therapy.

Growing Burden of Cancer and Skin Conditions
The rising prevalence of cancers and dermatological disorders is fueling greater reliance on PDT. Studies indicate that nearly 55% of skin cancer patients experience better recovery outcomes when PDT is integrated into care. The therapy is also gaining traction in treating acne, actinic keratosis, and psoriasis, with almost 48% of dermatologists including PDT in their treatment regimens, expanding its scope well beyond oncology.

Advancements in PDT Technologies
Rapid progress in light delivery devices is boosting the effectiveness and usability of PDT. Over 50% of manufacturers are channeling investments into portable, high-precision light systems designed for outpatient and home-based care. These innovations not only enhance patient convenience and shorten recovery times but also broaden the therapy’s accessibility across different medical environments, strengthening its market potential.

Strengthening Clinical Evidence
Robust clinical research continues to validate PDT’s effectiveness. Nearly 60% of recent trials demonstrate improved outcomes in localized cancers such as lung and esophageal tumors. In addition, emerging photosensitizing agents are offering better tissue targeting and reduced recurrence risk, building stronger confidence among healthcare providers and solidifying PDT’s role as an advanced therapeutic solution.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Light Source
    3. Market Snapshot, By Application
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Photodynamic Therapy Market Trends
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Minimally invasive
        2. Selective targeting
        3. Reduced side effects
        4. Improved cosmetic outcomes
      2. Restraints
        1. Regulatory hurdles
        2. Limited reimbursement
        3. Awareness gaps
        4. Complexity of treatment
      3. Opportunities
        1. Expanding applications
        2. Aging population
        3. Technological advancements
        4. Emerging markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Photodynamic Therapy Market, By Product, 2021 - 2031 (USD Million)
      1. Drugs
        1. Porphyrin Derivative (PD)
        2. Hematoporphyrin Derivative (HpD)
        3. Benzoporphyrin Derivative (BPD)
        4. Texaphyrins
        5. Others
        6. Aminolevulinic acid (ALA)
        7. Chlorines
        8. Others
    2. Photodynamic Therapy Market, By Light Source, 2021 - 2031 (USD Million)
      1. Lasers
      2. Light Emitting Diodes (LEDs)
      3. Lamps
      4. Others
    3. Photodynamic Therapy Market, By Application, 2021 - 2031 (USD Million)
      1. Cancer
        1. Basal Cell Carcinoma
        2. Non-small Cell Lung Cancer
        3. Head & Neck Cancer
        4. Others
      2. Actinic Keratosis (AK)
      3. Psoriasis
      4. Acne
      5. Others
    4. Photodynamic Therapy Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Cosmetics & Dermatology Clinics
      3. Cancer Treatment Centers
    5. Photodynamic Therapy Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Biofrontera AG
      2. Theralase Technologies Inc.
      3. Quest PharmaTech Inc.
      4. Modulight, Inc.
      5. Galderma Laboratories L.P. (Nestlé)
      6. Sun Pharmaceutical Industries Ltd.
      7. SUS Advancing Technology Co., Ltd
  7. Analyst Views
  8. Future Outlook of the Market