Photoacoustic Imaging Market Size, Share, Trends, Report 2022-2027

The latest research study “Photoacoustic Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the global photoacoustic imaging market size reached US$ 71.21 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 183.7 Million by 2027, exhibiting a growth rate (CAGR) of 15.70% during 2022-2027.

Photoacoustic imaging, alternatively known as optoacoustic imaging, refers to non-invasive biomedical imaging techniques that capture images of biological tissues without utilizing ionizing radiation. They function on the photoacoustic effect, wherein absorbed optical energy is transformed into acoustic energy. Photoacoustic imaging processes offer several advantages over conventional imaging procedures, such as high image resolution, improved penetration and depth, no harmful ionizing radiation, and efficient molecular targeting at imaging depth. They prove extremely effective in detecting naturally occurring chromophores and physiological properties, including melanin, lipids, hemoglobin concentration, and oxygen and water saturation. As a result, photoacoustic imaging methods find widespread applications in hospitals, clinics, and research institutions across countries.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Photoacoustic Imaging Market Trends and Drivers: 

The expanding geriatric population that is highly susceptible to numerous chronic medical disorders, which include diabetes, cardiovascular ailments, neurological diseases, orthopedic disorders, etc., is primarily driving the photoacoustic imaging market. In line with this, the rising prevalence of cancer and the elevating research activities in the field of non-ionizing radiation for imaging are also positively influencing the global market. Apart from this, the increasing adoption of photoacoustic microscopy (PAM) as a common biomedical technique, on account of its enhanced scalability that helps produce images with high resolution at specified maximum imaging depths of a few millimeters, is acting as another significant growth-inducing factor. Additionally, the growing number of hospitals and laboratory centers, especially in developing countries, and the shifting preferences toward using the imaging solution for tumor mapping, monitoring the functioning of the brain, detecting skin melanoma, measuring methemoglobin, etc., are expected to propel the photoacoustic imaging market in the coming years.

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Photoacoustic Imaging Market Report Segmentation:

List of Major Key Players:

The major players in the market are

• 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 and Tomowave Laboratories Inc.

The report has been segmented the market into following categories:

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

By Geography:

• 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

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