PUBLISHER: IMARC | PRODUCT CODE: 1754009
PUBLISHER: IMARC | PRODUCT CODE: 1754009
Photoacoustic Imaging Market Report by Product, Indication, Application, End Use, and Region 2025-2033
The global photoacoustic imaging market size reached USD 109 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 317 Million by 2033, exhibiting a growth rate (CAGR) of 12.6% during 2025-2033. The market growth is primarily driven by the ongoing advancements in hybrid imaging technologies, the expanding use of photoacoustic imaging in oncology for high-resolution tumor visualization, and rising investments in research and development to improve diagnostic accuracy and explore new clinical applications.
Photoacoustic imaging, also known as optoacoustic imaging, is a non-invasive biomedical imaging technique that captures images of biological tissues without using ionizing radiation. It is a hybrid modality that functions on the photoacoustic effect, wherein absorbed optical energy is converted into acoustic energy. It offers various advantages over conventional imaging techniques, including high penetration, depth, and image resolution, no harmful ionizing radiation, and molecular targeting at imaging depth. It is employed in detecting physiological properties and naturally occurring chromophores, such as lipids, melanin, hemoglobin concentration, and water and oxygen saturation. Besides this, it is extensively used for tumor mapping, functioning of the brain, detecting skin melanoma, and measuring methemoglobin. As a result, photoacoustic imaging is gaining immense traction across the globe.
Photoacoustic Imaging Market Trends:
Continual Technological Advancements in Imaging Systems
According to the photoacoustic imaging market, the demand is increasing significantly due to ongoing developments in imaging technology. More advanced hybrid imaging systems are offering improved functional imaging and higher resolution through the combination of photoacoustic imaging with optical and ultrasonic approaches. These developments render it possible to visualize biological tissues in real time with better depth penetration and contrast, especially for oncology and cardiovascular applications. Improved image reconstruction and interpretation through advanced software and algorithms are being preferred by the masses. A recent study introduced a non-contact photoacoustic method using a silicon photonics based LDV, which outperformed commercial systems and reconstructed accurate 2D images. These technological innovations are making the systems more versatile, driving their adoption in both research and clinical settings, and supporting the overall market growth.
Growing Application in Oncology
The increasing application of these imaging solutions in oncology is also contributing to the photoacoustic imaging market growth. Its ability to provide high-resolution images of tumor vasculature and tissue oxygenation levels renders the technique invaluable for early cancer detection, tracking treatment response, and guiding surgery. For patients who need repeated scans, non-invasive photoacoustic imaging is a safer option than conventional imaging modalities such as CT and MRI. More precise, real-time diagnostic instruments are becoming increasingly popular as the prevalence of cancer rises worldwide.
Increasing Research and Development Investments
The market is expanding more quickly as a result of the growing research and development (R&D) expenditures, thereby augmenting the photoacoustic imaging market share. In order to improve patient outcomes and diagnostic accuracy, businesses and research institutes are concentrating on developing imaging systems and investigating novel clinical applications. The rapid development of novel contrast agents enhancing the imaging of certain tissues and disorders is another goal of these efforts. In addition to the advancement of core technologies, ongoing innovation in this field is also being further supported by government financing and strategic collaborations between industry and academics. Consequently, research and development endeavors are broadening the possible uses of photoacoustic imaging, propelling demand in diverse medical and research domains, and augmenting photoacoustic imaging market analysis.
Photoacoustic Imaging Market Segmentation:
Breakup by Product:
- Imaging Systems
- Components
- Lasers
- Transducers
- Contrast Agents
- Software
- Others
Breakup by Indication:
- Oncology
- Cardiology
- Neurology
- Hematology
- Others
Breakup by Application:
- Pre-Clinical
- Clinical
Breakup by End Use:
- Hospital and Clinics
- Research Institution
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global photoacoustic imaging market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:
- Advantest Corporation
- Ekspla (EKSMA group)
- Fujifilm Visualsonics Inc.
- illumiSonics Inc.
- InnoLas Laser GmbH
- iThera Medical GmbH
- kibero GmbH
- Litron Lasers Ltd.
- Opotek LLC
- Photosound Technologies Inc.
- Seno Medical Instruments
- Tomowave Laboratories Inc.
Key Questions Answered in This Report:
- How has the global photoacoustic imaging market performed so far and how will it perform in the coming years ?
- What has been the impact of COVID-19 on the global photoacoustic imaging market ?
- What are the key regional markets ?
- What is the breakup of the market based on the product ?
- What is the breakup of the market based on the indication ?
- What is the breakup of the market based on the application ?
- What is the breakup of the market based on the end use ?
- What are the various stages in the value chain of the industry ?
- What are the key driving factors and challenges in the industry ?
- What is the structure of the global photoacoustic imaging market and who are the key players ?
- What is the degree of competition in the industry ?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Photoacoustic Imaging Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Imaging Systems
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Components
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Lasers
- 6.2.2.2 Transducers
- 6.2.3 Market Forecast
- 6.3 Contrast Agents
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Software
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Indication
- 7.1 Oncology
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cardiology
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Neurology
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Hematology
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Application
- 8.1 Pre-Clinical
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Clinical
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End Use
- 9.1 Hospital and Clinics
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Research Institution
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Others
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Advantest Corporation
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Ekspla (EKSMA group)
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Fujifilm Visualsonics Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 illumiSonics Inc.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 InnoLas Laser GmbH
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 iThera Medical GmbH
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 kibero GmbH
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Litron Lasers Ltd.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Opotek LLC
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Photosound Technologies Inc.
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Seno Medical Instruments
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Tomowave Laboratories Inc.
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.1 Advantest Corporation
List of Figures
- Figure 1: Global: Photoacoustic Imaging Market: Major Drivers and Challenges
- Figure 2: Global: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019-2024
- Figure 3: Global: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 4: Global: Photoacoustic Imaging Market: Breakup by Product (in %), 2024
- Figure 5: Global: Photoacoustic Imaging Market: Breakup by Indication (in %), 2024
- Figure 6: Global: Photoacoustic Imaging Market: Breakup by Application (in %), 2024
- Figure 7: Global: Photoacoustic Imaging Market: Breakup by End Use (in %), 2024
- Figure 8: Global: Photoacoustic Imaging Market: Breakup by Region (in %), 2024
- Figure 9: Global: Photoacoustic Imaging (Imaging Systems) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Photoacoustic Imaging (Imaging Systems) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Photoacoustic Imaging (Components) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Photoacoustic Imaging (Components) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Photoacoustic Imaging (Contrast Agents) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Photoacoustic Imaging (Contrast Agents) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Photoacoustic Imaging (Software) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Photoacoustic Imaging (Software) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Photoacoustic Imaging (Other Products) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Photoacoustic Imaging (Other Products) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Photoacoustic Imaging (Oncology) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Photoacoustic Imaging (Oncology) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Photoacoustic Imaging (Cardiology) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Photoacoustic Imaging (Cardiology) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Photoacoustic Imaging (Neurology) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Photoacoustic Imaging (Neurology) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 24: Global: Photoacoustic Imaging (Hematology) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Photoacoustic Imaging (Hematology) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: Global: Photoacoustic Imaging (Other Indications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: Global: Photoacoustic Imaging (Other Indications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: Global: Photoacoustic Imaging (Pre-Clinical) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: Global: Photoacoustic Imaging (Pre-Clinical) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Global: Photoacoustic Imaging (Clinical) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Global: Photoacoustic Imaging (Clinical) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Global: Photoacoustic Imaging (Hospital and Clinics) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Global: Photoacoustic Imaging (Hospital and Clinics) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: Global: Photoacoustic Imaging (Research Institution) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: Global: Photoacoustic Imaging (Research Institution) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Global: Photoacoustic Imaging (Other End Users) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Global: Photoacoustic Imaging (Other End Users) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: North America: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: North America: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: United States: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: United States: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Canada: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Canada: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Asia-Pacific: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Asia-Pacific: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: China: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: China: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Japan: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Japan: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: India: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: India: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: South Korea: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: South Korea: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: Australia: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: Australia: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Indonesia: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Indonesia: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Others: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Others: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Europe: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Europe: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Germany: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Germany: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: France: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: France: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: United Kingdom: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: United Kingdom: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Italy: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Italy: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Spain: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Spain: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Russia: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Russia: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Others: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 76: Others: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 77: Latin America: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 78: Latin America: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 79: Brazil: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 80: Brazil: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 81: Mexico: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 82: Mexico: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 83: Others: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 84: Others: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 85: Middle East and Africa: Photoacoustic Imaging Market: Sales Value (in Million USD), 2019 & 2024
- Figure 86: Middle East and Africa: Photoacoustic Imaging Market: Breakup by Country (in %), 2024
- Figure 87: Middle East and Africa: Photoacoustic Imaging Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 88: Global: Photoacoustic Imaging Industry: SWOT Analysis
- Figure 89: Global: Photoacoustic Imaging Industry: Value Chain Analysis
- Figure 90: Global: Photoacoustic Imaging Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Photoacoustic Imaging Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Photoacoustic Imaging Market Forecast: Breakup by Product (in Million USD), 2025-2033
- Table 3: Global: Photoacoustic Imaging Market Forecast: Breakup by Indication (in Million USD), 2025-2033
- Table 4: Global: Photoacoustic Imaging Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 5: Global: Photoacoustic Imaging Market Forecast: Breakup by End User (in Million USD), 2025-2033
- Table 6: Global: Photoacoustic Imaging Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 7: Global: Photoacoustic Imaging Market: Competitive Structure
- Table 8: Global: Photoacoustic Imaging Market: Key Players
