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Photodynamic Therapy Market Analysis & Forecast: 2025-2032

Photodynamic Therapy Market, By Product Type (Photosensitizer Drugs (Porphyrin Derivative (PD) ( Hematoporphyrin Derivative (HpD), Benzoporphyrin Derivative (BPD), Texaphyrins, Others), Aminolevulinic acid (ALA), Chlorins, Others), Photodynamic Therapy Devices (Disposable Fiber Optic Light Delivery Devices (DFOLDD) and Diode Laser)), By Light Source (Lasers, Light Emitting Diodes (LEDs), Lamps, Others), By Application (Cancer, Actinic Keratosis (AK), Psoriasis, Acne, Others), By End User (Hospitals, Cancer Treatment Centers, Cosmetic and Dermatology Clinics, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : May 2025
  • Code : CMI6148
  • Pages :173
  • Formats :
      Excel and PDF
  • Industry : Pharmaceutical

Photodynamic Therapy Market Size and Forecast – 2025-2032

Photodynamic Therapy Market is estimated to be valued at USD 5.32 Bn in 2025 and is expected to reach USD 9.48 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 8.6% from 2025 to 2032. 

Key Takeaways

  • Based on product type, the photosensitizer drugs segment is expected to dominated the market with highest shares in 2025, owing to their selective accumulation in target issues.
  • Based on light source, the laser segment is anticipated to lead the market with largest shares in the market in 2025, credited to its accurate and controlled delivery.
  • Based on application, the cancer segment is expected to lead the market holding largest shares in 2025, owing to its prevalence of incidence.
  • Based on end-user, cancer treatment centers segment is projected to dominate the market by 37.0% in 2025 owing to the facilitation and necessary infrastructure provided.
  • Based on region, North America is estimated to lead the market with a revenue share of 30.0% in 2025. This is due to high prevalence of cancer and skin disease and strong demand for innovative therapies.
  • Based on region, Europe is predicted to exhibit a robust growth of 25.3% of the market share in 2025 due to its historical contribution, clinical advancements, and continued research.

Market Overview

Photodynamic therapy is a medical intervention that employs a blend of photosensitive drugs and light to eradicate cancer cells and address diverse medical ailments. Multiple determinants influenced the dimensions of the market. These factors encompassed technological advancements, the prevalence of conditions amenable to PDT such as cancer, regulatory endorsements, and overarching trends in healthcare.

Escalating incidences of skin cancer and other malignancies, coupled with escalating demand for procedures characterized by minimal invasiveness are expected to drive the market growth. Furthermore, the heightened adoption of PDT for addressing pre-cancerous conditions further fueled the market growth.

Current Events and their Impact on the Photodynamic Therapy Market

Current Events

Description and its impact

Regulatory Milestones and Intellectual Property Expansion

  • Description: Biofrontera AG’s 2023 patent for novel dermatology lighting techniques.
  • Impact: Strengthens market credibility and accelerates commercialization of PDT devices for actinic keratosis.
  • Description: China’s Recent Expansion of National Healthcare Coverage
  • Impact: Enhanced affordability and access, potentially increasing demand for blood flow measurement devices across hospitals and clinics.
  • Description: FDA fast-tracking approvals for next-gen photosensitizers
  • Impact: Facilitates broader clinical adoption in oncology, particularly for head/neck cancers.

Strategic Industry Collaborations  

 

  • Description: Theralase Technologies’ 2024 partnership with EU cancer institutes.
  • Impact: Accelerates clinical trials for bladder cancer PDT protocols, targeting $450M niche market by 2026.
  • Description: Mergers between dermatology device firms and AI startups
  • Impact: Enhances light-dosage algorithms, improving treatment success rates for psoriasis by 34%.

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Role of Artificial Intelligence (AI) in Photodynamic Therapy Market

The integration of artificial intelligence into photodynamic therapy has transformed its application, making it more precise, safe and effective. AI helps in the diagnosis and target identification through medical imaging. Deep learning technique is used which processes the imaging data such as MRI, CT, Fluorescence and may to identify tumor more precisely and differentiate between healthy and diseased tissues. AI can also analyze biopsies or in vivo images to determine the accurate staging and diagnosis before photo dynamic therapy. Additionally, it aids in treatment planning by optimizing light dose and exposure time and helps in real-time monitoring with the help of AI algorithms.

Reimbursement Scenario in Photodynamic Therapy Market

Photodynamic Therapy (PDT) is a treatment that involves the use of light-activated medications to treat certain medical conditions. The reimbursement process for PDT requires accurate coding and compliance with billing guidelines to ensure appropriate compensation for the services rendered. The reimbursement process relies heavily on the documentation of medical necessity for the services provided. Physicians are responsible for using independent judgment when selecting the most appropriate codes to describe the services rendered. The clinical rationale for performing PDT must be clearly documented, as it directly impacts reimbursement. For example, PDT may be considered medically necessary for conditions such as actinic keratosis, certain types of skin cancers, or age-related macular degeneration. The physician must ensure that the treatment meets the payer's requirements for medical necessity. While reimbursement is a standard process, coverage and reimbursement amounts can vary significantly by payer and geographic region. Physicians must be aware that Sun Pharmaceuticals and its affiliates do not guarantee reimbursement for PDT procedures. As a result, healthcare providers are advised to contact the relevant Medicare Fiscal Intermediary, Carrier, or CMS for specific guidelines and requirements that may differ by payer.

Segmental Analysis

Photodynamic Therapy Market By End User

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Photodynamic Therapy Market Insights, By End-User, Cancer Treatment Centers is Dominating Due to Specialized Treatment Setting

The cancer treatment centers segment is anticipated to dominate the market holding a share of 37.1% in 2025. Several cancer treatments all over the world utilize photodynamic therapy (PDT) to treat various caner and precancerous conditions. The adoption of photodynamic therapy is constantly expanding as people are preferences a targeted and minimally involves technique compared to the tradition treatment such included surgery, chemotherapy, and radiation. Countries such as Switzerland, Germany, and the United States are widely popular for their cancer treatment centers, equipped with latest diagnostic tools and cutting-edge treatments. It is estimated that the United States alone that 7,882 cancer treatment centers, and Europe have over 1,00 centers. This is further propelling the photodynamic therapy market demand.

Photodynamic Therapy Market Insights, By Product Type- Photosensitive Drugs, To Initiate the Therapeutic Effect

The photosensitive drugs segment is expected to dominate the market with largest share in 2025, as it is a primary component that initiates the therapeutic effect. The photosensitive molecules absorb light of the appropriate wavelength, initiating activation processes leading to the selective destruction of the inappropriate cells. These drugs are absorbed by the target cells that is the cancer cells. When the light is exposed to a specific wavelength, they become activate and produce reactive oxygen (ROS), leading to cell death. Photosensitive drugs are classified into porphyrin derivative, which further bifurcate into hematoporphyrin derivative (HpD) and benzoporphyrin derivative (BPD). Apart from this, other photosensitizers include texaphyrin, aminolevulinic acid (ALA) and certain chlorins.

In May 2024, researchers developed a light-sensitive drug that enhances adenosine activity in the brain, inducing sleep in mine with genetic modification. This innovation overcomes the limitations of conventional photosensitive drugs, offering precise control over sleep and motivation through A2A receptors.

Photodynamic Therapy Market Insights, By Light Source: Laser, Due to High- Intensity Light

The laser segment is anticipated to lead the market with largest share in 2025, credited to its focused, high-intensity light which is needed to activate the photosensitizer, a drug that selectively targets and destroys cancerous or diseased cells. Laser has the ability to be coupled to fiber optics for internal access, it has a specific wavelength and can achieve higher irradiance, ultimately reducing the treatment time.

In January 2025, researchers in South Korea designed a drug to hit cancer cells where it hurts the extreme. The development of a laser-activated drug that targets and destroys chemotherapy-resistant pancreatic cancer cells in mice.

Photodynamic Therapy Market Insights, By Application- Growing Prevalence of Cancer is driving the Segment’s Growth

The cancer segment is showing exceptional growth and is expected to lead the market in 2025, as photosensitizer, a drug that reacts to lights, lead to targeting and killing cancer cells. This procedure involves a minimally invasive and targeted approach that destroys cancer cells while sparing the surrounding healthy tissue. There is constant research going on to improve photodynamic therapy effectiveness and expand its use to various cancer types such as skin care, lung cancer, esophageal cancer, bladder cancer, head and neck cancer and many more.

In February 2025, scientists have developed a new light-sensitive chemicals that can improve the treatment of aggressive cancer with minimal side effects. The new chemicals called cyanine-carborne salts, and their role in next-generation of cancer treatments.

Regional Insights

Photodynamic Therapy Market Regional Insights

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North America Photodynamic Therapy Trends

North America is anticipated to command the most significant share of 30.0% of the photodynamic therapy market. The predominant factor attributing to the growth of photodynamic therapy in North America is due to the increasing prevalence of skin condition and cancer such as actinic keratosis. This is a precancerous skin condition. It is common among the population of North America, affecting over 58 million people. This skin condition is causes by prolonged exposure to sun, resulting in rough, scaly patches on skin. For deal with this problem, in May 2025, on the day of global AK awareness day, Biofrontera Inc. and Almirall launched the Hats on Challenge, a social media initiative to raise awareness regarding Actinic Keratosis (AK). About 14% of the North American popular is suffering from this condition. Under photodynamic therapy, aminolevulinic acid (ALA or Levulan) drug is used to treat the skin, which is further positively influencing the photodynamic market forecast.

 Europe Photodynamic Therapy Trends

Europe is projected to rank as the second-largest PDT market by 25.3% during the forecast timeframe, Europe's position derives from the escalating incidence of skin disorders and cancer across the region. Key players within this market include Germany, France, and the U.K. the photodynamic Therapy is gaining traction in Europe is due to the presence of various medical conditions, primarily for the treatment of non-melanoma skin cancer such as actinic keratosis, Bowen’s disease, and superficial basal cell carcinoma. A data published in the European Academy of Dermatology & Venereology, Europe has the largest population with consisting of 44,689 adults from 27 European countries including European Union, UK, Norway and Switzerland. About 43% of EU citizens had at least one skin disease is a year. This is further escalating the photodynamic therapy market revenue in Europe.

Asia Pacific Photodynamic Therapy Trends

Asia Pacific is poised to emerge as the fastest-growing PDT market throughout the projected period. Asia Pacific's ascent can be attributed to the mounting awareness regarding PDT and the surging prevalence of skin disorders and cancer in the region. Leading markets within Asia Pacific encompass China, India, and Japan. Asia Pacific market has displayed the highest growth trajectory. Factors propelling this growth include expanded healthcare accessibility, a substantial patient pool, and augmented healthcare investments, particularly in China and India. China consists of approximately 784 million new cases of skin disease, which mainly includes atopic dermatitis and psoriasis. India and China, combines accounts for 18% of the global population. This is further escalating the photodynamic therapy market demand.

United States Photodynamic Therapy Trends

The United States is leading the Photodynamic therapy (PDT) due to the presence of various cancer treatment method gaining increasing attention in among the population. It involves using a photosensitizing agent that is activated by light to kill cancer cells. The US Food and Drug Administration (FDA) has approved several photosensitizers for treating specific cancers and precancers. PDT is often used as a local treatment, targeting specific areas of the body. For instance, in February 2025, researchers of United States identified and optimized a news type of light-sensitive molecules that improves the treatment of aggressive cancer using photodynamic therapy.

Global Photodynamic Therapy Market Trends

Increasing Product Launches

Increasing new product launches in the market is expected to drive the photodynamic therapy market growth over the forecast period. For instance, in July 2022, Biolitec Pharma Ltd., a medical technology company, introduced the latest generation laser device named ELVeS Radial Laser System. The device offers advanced treatment options for various medical conditions including cancer, benign prostatic hyperplasia, and varicose veins, and thus, showcasing the continuous innovation in photodynamic therapy technologies.

Global Photodynamic Therapy Market Drivers

Increasing Incidence of Cancer and Skin Disorders

Rising prevalence of cancer, particularly skin cancers like basal cell carcinoma and squamous cell carcinoma, boosts demand for effective treatment options like PDT. As cancer rates continue to rise globally, for instance, in February 2022, according to the World Health Organization's (WHO), cancer accounted for around 10 million deaths worldwide, or roughly one in six fatalities in 2020. Thus, the increasing prevalence of cancer cases across the globe is expected to boost demand for photosensitizer drugs, thereby, accelerating the market growth. 

Favorable Regulatory Approvals

Regulatory agencies around the world had been granting approvals for various indications of PDT, such as skin cancers, pre-cancerous conditions, and certain non-oncological applications. These approvals expand the market potential and encourage healthcare providers to adopt PDT as a treatment option. For instance, in September 2021, Soligenix, Inc., a biopharmaceutical company, announced that the Office of Orphan Products Development of the U.S. Food and Drug Administration had granted orphan drug designation to the active ingredient hypericin for the treatment of T-cell lymphoma, extending the target population beyond cutaneous T-cell lymphoma.

Global Photodynamic Therapy Market Restraints

Limited Awareness and Education: Lack of awareness among both patients and healthcare providers about PDT and its potential benefits can hinder its adoption. Education campaigns and training initiatives are needed to address this limitation.

High Treatment Costs: PDT can be cost-intensive, involving specialized equipment, photosensitive drugs, and skilled personnel. High treatment costs can deter both patients and healthcare facilities from adopting PDT, particularly in regions with limited healthcare budgets.

Complex Treatment Protocols: PDT involves multiple steps, including photosensitizer administration, light exposure, and post-treatment care. Complex protocols can require specialized training for healthcare professionals and may affect treatment accessibility.

Global Photodynamic Therapy Market Opportunities

Collaboration with Pharmaceutical Companies

Collaboration with pharmaceutical companies can lead to the development of innovative photosensitive drugs that enhance the efficacy of PDT. Collaborations can also facilitate the incorporation of PDT into combination therapies, thereby expanding its potential applications. For instance, on February 16, 2023, Lumeda Inc, a clinical-stage medical technology company that focuses on improving treatment outcomes of patients with lung cancer, and photonamic GmbH & Co KG, a pharmaceutical company involved in the development of 5-aminolevulinic acid (5-ALA) in various applications as a precursor for the photosensitizer PpIX, collaborated on a Phase I-II clinical study to evaluate the safety and efficacy of Photodynamic Therapy (PDT) with 5-ALA as an adjuvant in combination with Immune Checkpoint Inhibitors (ICIs) to prime the immune system in the treatment of lung cancer patients, which is further accelerating the photodynamic therapy market share.

Market Report Scope

Photodynamic Therapy Report Coverage

Report Coverage Details
Base Year: 2024 Market Size in 2025: USD 5.32 Bn
Historical Data for: 2020 To 2024 Forecast Period: 2025 To 2032
Forecast Period 2025 to 2032 CAGR: 8.6% 2032 Value Projection: USD 9.48 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Photosensitizer Drugs (Porphyrin Derivative (PD) ( Hematoporphyrin Derivative (HpD), Benzoporphyrin Derivative (BPD), Texaphyrins, Others), Aminolevulinic acid (ALA), Chlorins, Others), Photodynamic Therapy Devices (Disposable Fiber Optic Light Delivery Devices (DFOLDD) and  Diode Laser)
  • By Light Source: Lasers, Light Emitting Diodes (LEDs), Lamps, Others
  • By Application: Cancer, Actinic Keratosis (AK), Psoriasis, Acne, Others
  • By End User: Hospitals,  Cancer Treatment Centers, Cosmetic and Dermatology Clinics, Others
Companies covered:

Gladerma S.A., Sun Pharmaceutical Industries Ltd., Biofrontera, Novartis AG, Valeant Pharmaceuticals International, Inc., Quest Pharmatech, Inc., Hologic, Inc., Lumibird (Quantel Medical), Theralase Technologies Inc., Photocure ASA, Biolitec AG, IPG Photonics Corporation

Growth Drivers:
  • Increasing Incidence of Cancer and Skin Disorders
  • Minimally Invasive Treatment Demand
  • Advancements in Technology
  • Favorable Regulatory Approvals
Restraints & Challenges:
  • Limited Awareness and Education
  • High Treatment Costs
  • Complex Treatment Protocols

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Key Developments

New Product Approvals

  • In February 2025, researchers in the United States identified and optimized a novel light-sensitive molecule that has the potential to enhance the treatment of aggressive cancers through photodynamic therapy (PDT).
  • In December 2024, Biofrontera Inc., a biopharmaceutical company focused on developing and commercializing photodynamic therapy (PDT), installed its 100th commercial RhodoLED® XL Lamp in the U.S. market.
  • On July 5, 2023, the FDA had granted orphan drug designation to padeliporfin vascular targeted photodynamic therapy (VTP) for use as a potential therapeutic option in patients with locally advanced pancreatic cancer
  • On February 1, 2023, Bausch + Lomb Corporation, a leading global eye health company dedicated to help people see better to live better, and Modulight Corporation, a biomedical laser company, announced that the U.S. Food and Drug Administration (FDA) had approved the ML6710i photodynamic laser for equivalent use with Bausch + Lomb’s VISUDYNE (verteporfin for injection) photodynamic therapy (PDT) for the treatment of patients with predominantly classic subfoveal choroidal neovascularization, or the creation of abnormal choroidal blood vessels, due to Age-related Macular Degeneration (AMD).
  • On January 12, 2023, Biofrontera AG, an international biopharmaceutical company, announced that its wholly owned subsidiary Biofrontera Bioscience GmbH had received a notice of allowance for the application "Photodynamic therapy comprising two light exposures at different wavelengths" (US Appl. No. 17/269,816) by the U.S. patent office USPTO. This patent protects a number of innovations relating a new illumination method to treat dermatological skin diseases with Photodynamic Therapy (PDT).

Analyst Opinion (Expert Opinion)

  • The photodynamic therapy (PDT) market is poised for significant transformation in the next five years, driven by a combination of technological advancements, evolving healthcare trends, and emerging market dynamics. The 19th International Photodynamic Association World Congress to be hosted in Shanghai in 2025 is anticipated to be a turning point for the PDT market, especially within the Asia-Pacific region. The summit will showcase nano-engineered photosensitizers and AI-integrated light delivery systems, which could act as a catalyst for regional market growth. These innovations have the potential to improve the efficiency and precision of PDT, reducing treatment times and increasing effectiveness in targeting cancerous tissues.
  • The cross-border collaboration announcements between Chinese biotech firms and Western medical device manufacturers are particularly noteworthy. Such partnerships could foster the development of region-specific technologies and drive down treatment costs. This is critical, as the lack of access to advanced PDT technology in emerging markets remains a barrier to growth. For example, China’s biotech sector is already seeing an annual growth rate of 10-12% in R&D spending, which bodes well for future innovations. These collaborations are also expected to spur the introduction of affordable PDT treatment options, expanding accessibility to patients in underserved areas.
  • Portable PDT devices for home-use are expected to revolutionize the way dermatological conditions such as actinic keratosis are treated. By 2026, these systems could capture 12-15% of the actinic keratosis treatment market, which is valued at $1.5 billion globally. Home-use devices are set to reduce the need for in-office visits, cutting treatment costs by an estimated 30-40% per patient. Given the rapid consumer adoption of at-home medical devices in other sectors (such as teledermatology and home diagnostics), this segment is likely to see explosive growth. Companies like Dermacure and BioLight are already preparing to launch consumer-friendly PDT products, targeting millions of patients who are increasingly seeking more accessible and cost-effective solutions.

Market Segmentation:

  • By Product Type:
    • Photosensitizer Drugs
      • Porphyrin Derivative (PD)
        • Hematoporphyrin Derivative (HpD)
        • Benzoporphyrin Derivative (BPD)
        • Texaphyrins
        • Others
      • Aminolevulinic acid (ALA)
      • Chlorins
      • Others
    • Photodynamic Therapy Devices
      • Disposable Fiber Optic Light Delivery Devices (DFOLDD)
      • Diode Laser
  • By Light Source:
    • Lasers
    • Light Emitting Diodes (LEDs)
    • Lamps
    • Others
  • By Application:
    • Cancer
    • Actinic Keratosis (AK)
    • Psoriasis
    • Acne
    • Others
  • By End User:
    • Hospitals
    • Cancer Treatment Centers
    • Cosmetic and Dermatology Clinics
    • Others
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa
  • Top companies in Global Photodynamic Therapy Market
    • Gladerma S.A.
    • Sun Pharmaceutical Industries Ltd.
    • Biofrontera
    • Novartis AG
    • Valeant Pharmaceuticals International, Inc.
    • Quest Pharmatech, Inc.
    • Hologic, Inc.
    • Lumibird (Quantel Medical)
    • Theralase Technologies Inc.
    • Photocure ASA
    • Biolitec AG
    • IPG Photonics Corporation

Source:

Primary Research Interviews from the following stakeholders:

Stakeholders:

  • Interviews with oncologists, dermatologists, ophthalmologists, device engineers, and clinical researchers specializing in light-based cancer therapies and non-invasive treatment technologies.
  • Specific stakeholders:
    • Cancer treatment center directors (e.g., Roswell Park, Mayo Clinic)
    • Clinical trial investigators in PDT
    • Biomedical device developers (light sources, fiber optics)
    • Hospital procurement officers
    • Photomedicine specialists

Databases:

  • PubMed
  • ClinicalTrials.gov
  • HealthData.gov
  • FDA Drug and Device Databases
  • NIH RePORTER

Magazines:

  • Medical Device and Diagnostic Industry (MD+DI)
  • HealthTech Magazine
  • MedTech Insight
  • Oncology Times
  • Dermatology Times

Journals:

  • Photodiagnosis and Photodynamic Therapy (Elsevier)
  • Journal of Biomedical Optics
  • Lasers in Medical Science
  • Cancer Research
  • Journal of the American Academy of Dermatology
  • The Oncologist

Newspapers:

  • The New York Times
  • The Wall Street Journal
  • The Washington Post
  • The Guardian
  • Los Angeles Times

Associations:

  • American Society for Photobiology (ASP)
  • American Society of Clinical Oncology (ASCO)
  • American Academy of Dermatology (AAD)
  • American Society for Laser Medicine and Surgery (ASLMS)
  • Photodynamic Therapy Association
  • American Cancer Society (ACS)

Public Domain Sources:

  • U.S. Food and Drug Administration (FDA)
  • National Cancer Institute (NCI)
  • Centers for Disease Control and Prevention (CDC)
  • National Institutes of Health (NIH)
  • World Health Organization (WHO)
  • U.S. Department of Health and Human Services (HHS)

Proprietary Elements:

  • CMI Data Analytics Tool, and Proprietary CMI Existing Repository of information for last 8 years

*Definition: Photodynamic therapy (PDT) is a medical treatment that involves the use of a photosensitive drug and specific wavelengths of light to selectively target and destroy abnormal cells, such as cancer cells or certain skin conditions, while minimizing damage to surrounding healthy tissues.

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About Author

Ghanshyam Shrivastava - With over 20 years of experience in the management consulting and research, Ghanshyam Shrivastava serves as a Principal Consultant, bringing extensive expertise in biologics and biosimilars. His primary expertise lies in areas such as market entry and expansion strategy, competitive intelligence, and strategic transformation across diversified portfolio of various drugs used for different therapeutic category and APIs. He excels at identifying key challenges faced by clients and providing robust solutions to enhance their strategic decision-making capabilities. His comprehensive understanding of the market ensures valuable contributions to research reports and business decisions.

Ghanshyam is a sought-after speaker at industry conferences and contributes to various publications on pharma industry.

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Frequently Asked Questions

The Photodynamic Therapy Market is estimated to be valued at USD 5.32 Bn in 2025, and is expected to reach USD 9.48 Bn by 2032.

The CAGR of the Photodynamic Therapy Market is projected to be 8.6% from 2025 to 2032.

Increasing cancer prevalence, demand for minimally invasive procedures, technological advancements, expanding applications, and personalized treatment approaches are major factors driving market growth.

Photosensitizers Drugs is leading segment in the market.

 Major players in the market include Gladerma S.A., Sun Pharmaceutical Industries Ltd., Biofrontera, Novartis AG, Valeant Pharmaceuticals International, Inc., Quest Pharmatech, Inc., Hologic, Inc., Lumibird (Quantel Medical), Theralase Technologies Inc., Photocure ASA, Biolitec AG, IPG Photonics Corporation.

North America is expected to lead the market.
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