South Korea Photodynamic Therapy Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Diode Lasers, Disposable Fiber Optic Light Delivery Devices), By Application (Cancer, Actinic Keratosis, Acne, Psoriasis, and Others), By End-use (Hospital and Clinics & Dermatology), and South Korea Photodynamic Therapy Devices Market Insights, Industry Trend, Forecasts to 2035

South Korea Photodynamic Therapy Devices Market Insights Forecasts to 2035

• The South Korea Photodynamic Therapy Devices Market Size Was Estimated at USD 26.2 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 9.97% from 2025 to 2035
• The South Korea Photodynamic Therapy Devices Market Size is Expected to Reach USD 74.5 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Photodynamic Therapy Devices Market Size is anticipated to reach USD 74.5 Million by 2035, Growing at a CAGR of 9.97% from 2025 to 2035. A light source and light-sensitive medicine are used in photodynamic treatment (PDT), a medical method that removes aberrant cells. PDT devices are essential for treating a variety of illnesses, including cancer and skin problems. These gadgets combine light sources and photosensitizing agents, working together to efficiently initiate therapeutic processes.

Market Overview

The market for photodynamic therapy (PDT) devices includes the sale of medical equipment used in photodynamic therapy, a treatment that targets and kills abnormal cells by combining light-activated medications (photosensitizers) with particular light wavelengths. It is especially used to treat cancer and skin disorders like acne. PDT is thought to be less invasive than conventional therapies like chemotherapy or surgery, which results in less discomfort, shorter hospital stays, and faster recovery. PDT has applications in ophthalmology, cosmetic dermatology (for sun damage, acne, and skin rejuvenation), cancer treatment, and even antimicrobials. The need for efficient treatment alternatives like PDT is being driven by the rising incidence of different malignancies, especially in the US. PDT's commercial reach is being expanded by its growing application in ophthalmology, dermatology, and other specialties. increased patient and healthcare professional knowledge of PDT's advantages. The creation of innovative PDT devices and medicines, and government financing for cancer research and treatment is a major factor driving the PDT market. Faster development and wider implementation of PDT technologies can result from government regulations that promote cooperation between researchers, industry stakeholders, and healthcare practitioners.

Report Coverage

This research report categorizes the market for South Korea photodynamic therapy devices market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea photodynamic therapy devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea photodynamic therapy devices market.

Driving Factors

The increasing prevalence of cancers, particularly skin, lung, and esophageal cancers, is driving the demand for effective treatment options like PDT. Advancements in light delivery systems, such as lasers and LEDs, have improved the precision and safety of PDT, enhancing its efficacy. Additionally, the rising adoption of minimally invasive procedures and growing awareness among healthcare professionals and patients about the benefits of PDT contribute to the market's expansion. Furthermore, the development of portable and user-friendly PDT devices is making this therapy more accessible for both clinical and home use.

Restraining Factors

High treatment costs, including expenses for photosensitizers and specialized equipment, can be prohibitive, particularly in low-income regions. Limited awareness among healthcare providers and patients about PDT's benefits and applications contributes to underutilization. Additionally, complex treatment protocols and inconsistent reimbursement policies further restrict widespread adoption, especially in emerging markets.           

Market Segmentation

The South Korea photodynamic therapy devices market share is classified into product, application, and end-use.

• The diode lasers segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea photodynamic therapy devices market is segmented by product into diode lasers and disposable fiber optic light delivery devices. Among these, the diode lasers segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Diode lasers are essential to PDT because they offer the precise and focused light sources required to initiate photosensitizing processes. This segment's popularity stems from continuing technical developments that improve the accuracy and efficiency of PDT operations. Diode lasers' small size, adaptability, and range of wavelengths make them more and more appealing to medical professionals, who can use them to treat a variety of illnesses, such as cancer and skin diseases.

• The cancer segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea photodynamic therapy devices market is segmented by application into cancer, actinic keratosis, acne, psoriasis, and others. Among these, the cancer segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. When it comes to cancer, photodynamic therapy has more advantages than conventional therapies like chemotherapy or surgery. The International Agency for Research on Cancer believes that one in five people will get cancer at some time in their lives and that one in eight men and one in eleven women will die from the disease.

• The hospital segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea photodynamic therapy devices market is segmented by end-use into hospital and clinics & dermatology.  Among these, the hospital segment dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. Hospital-based interventions, the growing prevalence of cancer and dermatological disorders driving the need for effective and non-invasive treatment options, and the growing use of photodynamic therapy in hospital settings for the treatment of various medical conditions.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea photodynamic therapy devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies           

• Yuhan Corpor
• Samsung Biologics
• DB HiTek
• Lotte Chemical
• Samsung Electronics
• LG Electronics
• Asan Medical Center
• Samsung Medical Center
• Korea Institute of Radiological & Medical Sciences (KIRAMS)
• Celltrion
• Others                         

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea photodynamic therapy devices market based on the below-mentioned segments:

 South Korea Photodynamic Therapy Devices Market, By Product

• Diode Lasers
• Disposable Fiber Optic Light Delivery Devices

South Korea Photodynamic Therapy Devices Market, By Application

• Cancer
• Actinic keratosis
• Acne
• Psoriasis
• Others

South Korea Photodynamic Therapy Devices Market, By End-use

• Hospital
• Clinics & Dermatology