The global photodynamic therapy market, valued at USD 1.77 billion in 2023, is on track for a substantial CAGR of 7.7% from 2024 to 2032, aiming to reach USD 3.43 billion. As a minimally invasive option, photodynamic therapy (PDT) is transforming treatment for cancer and skin conditions, utilizing light-sensitive drugs activated by specific wavelengths to target diseased cells without damaging surrounding tissue. This growing interest in PDT reflects the shift toward therapies with fewer side effects and improved patient outcomes.
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