PUBLISHER: Allied Market Research | PRODUCT CODE: 1239512
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239512
The photoacoustic imaging market valued for $75.98 million in 2021 and is estimated to reach $132.33 million by 2031, exhibiting a CAGR of 5.7% from 2022 to 2031.
Photoacoustic imaging is an imaging technique for biomedicine that uses the photoacoustic effect. It is also known as optoacoustic imaging. It is a rapidly evolving imaging technology that has a wide range of applications in the field of biologics and therapeutics. This technique is a noninvasive imaging technique that is dependent on the tissue's light-absorption coefficient and the photoacoustic imaging contrast agents that are injected. An imaging develops photoacoustic pictures by detecting the acoustic wave, which offers excellent contrast, superior spatial resolution, great penetrability, and sensitivity to tissue functional features.
The growth of the global photoacoustic imaging market is driven by a rise in prevalence of cancer as well as cardiovascular and neurological disorders. Furthermore, increase in awareness regarding these diseases, early diagnosis of diseases in developed countries such as the U.S. and improved designs for photoacoustic imaging devices further fuel the market growth. However, lack of knowledge regarding usage of photoacoustic imaging devices and high cost of photoacoustic imaging hinders the market growth. Conversely, an increase in demand for photoacoustic imaging devices and a rise in technological advancements are anticipated to provide lucrative opportunities to the market players.
The global photoacoustic imaging market is segmented into product, type, end user, and region. By product, the market is categorized into imaging systems, lasers, transducer, and others. On the basis of type, the market is segregated into tomography and microscopy. By end user, the market is classified into hospitals, diagnostic imaging centers, and others. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major Key players that operate in the global photoacoustic imaging market are: EKSPLA, FUJIFILM Holdings Corporation, illumiSonics Inc., InnoLas Laser GmbH, iTheraMedical, OPOTEK LLC, Photosound Technologies Inc., Seno Medical, TomoWave Laboratories, Inc., and Verasonics, Inc.