The Global Photoacoustic Imaging Market size is projected to reach USD XX.XX billion by 2028. Expanding at a CAGR of 8.7% during the forecast period from 2021-2028. The photoacoustic tomography segment is estimated to grow at the highest CAGR of 10.8% owing to its wide application in research institutions and hospitals for diagnosis purposes.
Photoacoustic imaging (PAI) is an emerging diagnostic technology that enables non-invasive, real-time, high resolution in vivo imaging of endogenous and exogenous contrast agents with deep tissue penetration. PAI combines both technologies to provide functional information with subcellular spatial precision about biological structures within living organisms without ionizing radiation exposure. Photoacoustic imaging (PAI) has many features and benefits. It is a non-invasive, real-time imaging modality that can be used for both the diagnosis and treatment of diseases. PAI makes use of the photoacoustics phenomenon to generate acoustic images from endogenous or exogenous contrast agents in vivo.
On the basis of Type, the global photoacoustic imaging market is segmented into Photoacoustic Tomography, Photoacoustic Microscopy, and Intravascular Photoacoustic Imaging.
Photoacoustic tomography (PAT) is a form of photoacoustic imaging that uses ultrasonic waves to generate images. It can be used for medical imaging, nondestructive testing, and chemical sensing. Photoacoustic tomography works by emitting a highly focused beam of near-infrared light at the patient’s body. This causes an extremely short burst of heat, which quickly dissipates throughout the tissue. As this occurs, it is detected by sensors that are placed on or within millimeters to centimeters from where the laser was emitted and then translated into high-resolution images.
Photoacoustic microscopy is a type of photoacoustic imaging that uses laser light to form an image. When the laser beam hits a point on the object under study, pressure waves are produced and travel through tissue at different speeds depending upon how hard or soft the tissues are as well as other factors such as temperature and fluid content. The time taken for these waves to bounce back from various depths in tissue can be used to create images of its inner structures.
The Intravascular Photoacoustic Imaging type of photoacoustic imaging is a diagnostic method that uses ultrasonic waves to detect diseased tissue. It can be used for the detection and diagnosis of cancerous cells in an early stage, as well as other medical conditions including blood clots or blockages. The photoacoustic imaging technique works on the principle of detecting a thermal contrast in a dye or compound when exposed to light. When this is coupled with ultrasound, it can be used for real-time imaging using existing endovascular devices currently available in hospitals and clinics across the world.
On the basis of Application, the global photoacoustic imaging market is segmented into Research Institution, Hospital, Pharmaceutical Factory, and Others.
Photoacoustic imaging has been used in research institutions to perform non-invasive molecular, cellular, and tissue level mapping. The technology helps scientists conduct real-time image analysis of live neuronal or microvasculature structures for brain or cardiovascular diseases respectively. It helps them understand the disease mechanism at a deeper level with great accuracy.
The application of photoacoustic imaging is in research institutions. There are many examples such as finding tumors and blood clots more accurately than the traditional methods. The combination of contrast agent with low toxicity which makes it possible to highlight specific regions of interest without affecting normal tissues or organs. It has been used for studying plant physiology and neurophysiology etc.
Hospitals are the most common place where photoacoustic imaging is used. PACS (Photoacoustic Computed Tomography) system helps doctors in image acquisition, reconstruction of images, and providing the visual display to their patients. The technology allows for high-quality diagnostic information during a whole-body examination without disturbing the patient’s condition or disrupting other medical procedures being performed on them at that time.
Photoacoustic imaging has gained demand in the pharmaceutical industry, as it helps the research teams to track and monitor drug molecules. The researchers use photoacoustic tomography to create high-resolution images of drugs within their bodies. They can also analyze how these molecules move through different parts of the body for better patient care. There are many applications of photoacoustic imaging in the pharmaceutical industry. The most common application is for quality control purposes, which include online chemical analysis and process monitoring. Process monitoring can be done by detecting small bubbles or color changes during a production step. Additionally, it has been used to determine if laser processing equipment had any effect on product quality while performing direct-write assembly functions such as welding microstructures onto substrates with lasers.
On the basis of Region, the global photoacoustic imaging market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America holds the largest share in the global photoacoustic imaging market due to high healthcare expenditure and technological advancement. The method has been gaining popularity across Latin America, as it offers a non-invasive platform for diagnosing cancerous tumors. The market is in a growing stage in the Asia Pacific. The revenue generated from photoacoustic imaging products has increased significantly over the past few years. As per our latest research, more than ten companies offer their photoacoustic imaging devices in this region, and many of them target government sectors. The Middle East & Africa photoacoustic imaging market is expected to grow due to the increasing demand from end-use sectors such as pharmaceutical, healthcare, and biotechnology.
There has been a number of developments in technology and infrastructure which is expected to drive this industry. The primary factor driving the growth of this market is an increasing demand from key end-user industries such as pharmaceuticals, research institutes, hospitals, etc., to identify disease at earlier stages with more accuracy. This results in high adoption rates by medical institutions due to the noninvasive nature and precision it offers over other techniques like MRI or CT scans that can be expensive and time-consuming. Another driver behind the expected strong demand for these systems is technological advancements made in both hardware solutions (more robust detectors capable of measuring large areas) and software applications (enhanced image reconstruction, enhanced functionality of detection systems).
Up Market Research published a new report titled “Photoacoustic Imaging Sales Market research report which is segmented by Types (Photoacoustic Tomography, Photoacoustic Microscopy, Intravascular Photoacoustic Imaging), By Applications (Research Institution, Hospital, Pharmaceutical Factory, Others), By Players/Companies iThera Medical GmbH, Seno Medical Instruments, FUJIFILM VisualSonics, Kibero, TomoWave”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Photoacoustic Imaging Sales Market Research Report |
By Type | Photoacoustic Tomography, Photoacoustic Microscopy, Intravascular Photoacoustic Imaging |
By Application | Research Institution, Hospital, Pharmaceutical Factory, Others |
By Companies | iThera Medical GmbH, Seno Medical Instruments, FUJIFILM VisualSonics, Kibero, TomoWave |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 241 |
Number of Tables & Figures | 169 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Photoacoustic Tomography, Photoacoustic Microscopy, Intravascular Photoacoustic Imaging and By Application Research Institution, Hospital, Pharmaceutical Factory, Others.
Some of the companies that are profiled in this report are:
Photoacoustic Imaging Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Photoacoustic Imaging Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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