The global Photoacoustic Imaging Market will be worth USD 175.8 million by 2027, according to a current analysis by Emergen Research.
The global Photoacoustic Imaging Market will be worth USD 175.8 million by 2027, according to a current analysis by Emergen Research. It is also known as optoacoustic imaging which can be defined as a hybrid imaging technique with a high potential in clinical biomedical application areas as well as multi-scale preclinical matters. It is one of the rapidly growing biomedical imaging modalities of the decade, providing sustainable imaging resolution and depth, along with optical spectroscopic contrast, thereby making it an ideal solution for real-time functional, structural and molecular imaging of tissue.
Biomedical PA imaging is currently at a rising stage of clinical translation and it is of utter importance for research institutions as well as academic establishments to make portable and affordable delivery and detection solutions to expand smoother transition to clinic. Issue helps to address a wide spectrum of PA imaging techniques, primarily targeting on latest advances in light sources along with its delivery methods, w1hich makes detection strategies which help maintain affordable PA imaging solutions.
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Currently, PA imaging has also extended to biomedical and medical markets. The major segments are namely clinical (early stage diagnosis) and pre-clinical (drug efficiency monitoring on small animal), analytics (flow cytometry and microscopy for in vitro diagnosis). In 2019, the total PAI biomedical and medical market was valued nearly at USD 36.5 million, because of the analytics and pre-clinical segments. According to our analysts, it is forecasted to touch the USD 241 million by 2022. A steep increase in the growth curve has been prevalent from 2018, mainly because of the launch of clinical products that were approved in 2017, like the Imagio system from Seno Medical Instruments, US. The primary application areas that are likely to benefit from clinical products are cardiovascular diagnostics, cancer research, brain imaging, therapy monitoring, dermatology and drug developments.
Top Companies Operating in Photoacoustic Imaging Market are:
illumiSonics Inc., Seno Medical Instruments Inc InnoLas Laser GmbH, FUJIFILM VisualSonics Inc., kibero, iThera Medical GmbH, PhotoSound Technologies Inc., PA Imaging, and Teem Photonics, among others.
Key Highlights From The Report.
- Fujifilm VisualSonics Inc., a subsidiary of FUJIFILM SonoSite, Inc., unveiled the first ultra-high to low-frequency ultrasonic imaging system of its kind fitted with a 71-1 MHz frequency range in June 2020. This product is primarily aimed at the scientific research community, with an open and configurable architecture.
- The high prevalence of chronic conditions, such as cardiovascular diseases and cancer, increases the use of detection methods for non-invasive and real-time diagnosis. The technology is emerging as a vital diagnostic method for fast diagnosis and treatment of chronic disorders compared to conventional ultrasound. This is primarily due to its usefulness in the functional characterization of living tissues, and the growing demand for photoacoustic is favourably for the initial detection of cancer as well as for anomalies in cardiovascular diseases and microcirculation in both clinical and preclinical research.
- As a result of recent technological developments, ground-breaking photoacoustic imaging solutions are also being produced and offered by existing and emerging producers in the industry. In addition, research is under way to manufacture novel clinical photoacoustic imaging solutions because of the possible use in humans.
- North American region’s photoacoustic market held the largest market share in 2019 and is expected to continue its dominance over the coming years. Over the years, Europe is expected to take the market leading position owing to greater precision in the installation of revolutionary and technical heavy gadgets.. A large market share is also held by Asia Pacific region and is expected to rise at a CAGR of 15.9% due to the growing number of people with cardiovascular and neurological ailments.
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For the purpose of this report, Emergen Research has segmented the global photoacoustic imaging market on the product, end-user, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
-
- Imaging Systems
- Lasers
- Transducers
- Contrast Agents
- Software
End-User Outlook (Revenue, USD Billion; 2017-2027)
-
- Research Institutions
- Hospitals and Clinics
Application Outlook (Revenue, USD Billion; 2017-2027)
-
- Oncology
- Cardiology
- Neurology
- Hematology
- Others
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Regional Outlook (Revenue: USD Billion; 2017-2027)
-
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2030
Chapter 3. Key Insights
Chapter 4. Photoacoustic Imaging Market Segmentation & Impact Analysis
4.1. Photoacoustic Imaging Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continued…
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