Global Photoacoustic Imaging Market Size study, By Product (Photoacoustic Tomography, Photoacoustic Microscopy), By Type (Pre-clinical, Clinical), By Application (Oncology, Cardiology, Angiology) and Regional Forecasts 2021-2027

Global Photoacoustic Imaging Market Size study, By Product (Photoacoustic Tomography, Photoacoustic Microscopy), By Type (Pre-clinical, Clinical), By Application (Oncology, Cardiology, Angiology) and Regional Forecasts 2021-2027

Global Photoacoustic Imaging Market is valued at approximately USD 61.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19 % over the forecast period 2021-2027. Photoacoustic imaging is a biochemical imaging method. It is used in the detection of physiological properties, such as oxygen saturation and haemoglobin concentration etc. Photoacoustic imaging is used in oncology, cardiology and angiology etc. The increasing cases of cancer have led to the adoption of Photoacoustic Imaging across the forecast period. For Instance: according to the World Health Organization in 2021, globally cancer cases are rising rapidly, it is the leading cause of death globally. In 2020, approximately 10 million deaths were accounted for. The most common causes of cancer deaths in 2020 were lung, colon and rectum, liver, stomach and breast cancer. Increasing research and development in the field of non-ionizing radiation enhances the market growth of photoacoustic imaging market. Also, with the increasing government expenditure towards the public healthcare sector, the adoption & demand for Photoacoustic Imaging is likely to increase the market growth during the forecast period. However, high cost and need for skilled professionals impede the growth of the market over the forecast period of 2021-2027.

The geographical regions considered for the global Photoacoustic Imaging market analysis includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America dominated the market growth across the globe in terms of huge market share due to the growing cancer cases and increasing expenditure in healthcare. Whereas, Asia-Pacific is also estimated to attain a maximum growth rate during 2021-2027. Factors such as rising research activities and increasing awareness towards chronic diseases would create beneficial growth forecasts for the Photoacoustic Imaging market across Asia-Pacific region.

Major market players included in this report are:
Advantest Corp.
TomoWave Laboratories, Inc.
Kibero GmbH
FUJIFILM VisualSonics Inc.
Seno Medical Instruments
iThera Medical GmbH
Aspectus GmbH
Vibronix Inc.
EKSPLA
illumiSonics Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Photoacoustic Tomography
Photoacoustic Microscopy
By Type:
Pre-clinical
Clinical
By Application:
Oncology
Cardiology
Angiology

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Photoacoustic Imaging Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Advantest Corp.
TomoWave Laboratories, Inc.
Kibero GmbH
FUJIFILM VisualSonics Inc.
Seno Medical Instruments
iThera Medical GmbH
Aspectus GmbH
Vibronix Inc.
EKSPLA
illumiSonics Inc.