Market Overview:
The global photoacoustic imaging technology market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for minimally invasive diagnostic procedures and rising prevalence of chronic diseases. Based on type, the photoacoustic tomography segment is expected to account for the largest share of the global photoacoustic imaging technology market in 2018. This segment is also projected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in this segment can be attributed to technological advancements and growing demand for early diagnosis and treatment of various diseases. Based on application, research institutions are expected to account for the largest share of the global photoacoustic imaging technology market in 2018 followed by hospitals and pharmaceutical factories respectively.
Product Definition:
Photoacoustic Imaging Technology is a medical imaging technology that uses laser pulses to create images of the inside of the body. The importance of Photoacoustic Imaging Technology is that it can be used to image tissues and organs in real time, allowing doctors to see how they are functioning.
Photoacoustic Tomography:
Photoacoustic tomography is a non-invasive medical procedure used to obtain real-time images of internal body structures. This technology uses the principle of photoacoustic generation and detection of light by biological tissues, which helps in mapping out the internal structure. The technique also provides high resolution 3D images with minimal exposure time, making it suitable for clinical use as well.
Photoacoustic Microscopy:
Photoacoustic microscopy is a form of non-ionizing electromagnetic radiation used to study living cells. It utilizes the phenomenon of photoacoustic transients to view and image microscale biological processes. The technology has been in use for over two decades, but only within the past decade has it begun to be applied clinically. Photoacoustic microscopy can be used for both diagnostic (examining a disease state) as well as therapeutic purposes (invasive medical procedures).
Application Insights:
The research institution application segment led the global market in 2017. This is attributed to the rising number of R&D activities at academic institutions and government-supported institutes. For instance, according to a study published in 2014 by National University of Singapore, it was estimated that around 90% of all new drugs are developed at private institutions or companies. Thus, photoacoustic imaging finds wide applications in research institutes as these facilities conduct extensive R&D activities on a regular basis.
Hospital application is expected to be the fastest-growing segment over the forecast period owing to an increase in demand for advanced healthcare services across various regions coupled with growing investments by governments and private organizations for developing healthcare infrastructure.
Regional Analysis:
North America accounted for the largest share in 2016 owing to the presence of a large number of global players and well-established healthcare infrastructure. Moreover, increasing research activities by prominent players in this region is expected to drive growth over the forecast period. Asia Pacific is estimated to be fastest growing regional market during the forecast period due to rising demand for advanced healthcare facilities and increasing investments by governments & private organizations.
Moreover, improving medical infrastructure coupled with growing awareness about Photoacoustic Technology (PAT) will boost demand further in developing countries such as India and China thereby driving growth across APAC region.
Growth Factors:
- Increasing demand for minimally invasive diagnostic procedures
- Growing prevalence of cancer and other diseases
- Technological advancements in photoacoustic imaging technology
- Rising healthcare expenditure by governments and private players
- Growing awareness about the benefits of photoacoustic imaging technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Photoacoustic Imaging Technology 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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Photoacoustic Imaging Technology Market Report Segments:
The global Photoacoustic Imaging Technology market is segmented on the basis of:
Types
Photoacoustic Tomography, Photoacoustic Microscopy, Intravascular Photoacoustic Imaging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Research Institution, Hospital, Pharmaceutical Factory, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- iThera Medical GmbH
- Seno Medical Instruments
- FUJIFILM VisualSonics
- Kibero
- TomoWave
Highlights of The Photoacoustic Imaging Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Photoacoustic Tomography
- Photoacoustic Microscopy
- Intravascular Photoacoustic Imaging
- By Application:
- Research Institution
- Hospital
- Pharmaceutical Factory
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photoacoustic Imaging Technology 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Photoacoustic imaging technology is a process that uses sound waves to create images of objects or tissues. The sound waves cause the object or tissue to vibrate, which creates an image on a screen.
Some of the key players operating in the photoacoustic imaging technology market are iThera Medical GmbH, Seno Medical Instruments, FUJIFILM VisualSonics, Kibero, TomoWave.
The photoacoustic imaging technology market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photoacoustic Imaging Technology Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Photoacoustic Imaging Technology Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Photoacoustic Imaging Technology Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Photoacoustic Imaging Technology Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Photoacoustic Imaging Technology Market Size & Forecast, 2018-2028 4.5.1 Photoacoustic Imaging Technology Market Size and Y-o-Y Growth 4.5.2 Photoacoustic Imaging Technology Market Absolute $ Opportunity
Chapter 5 Global Photoacoustic Imaging Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photoacoustic Imaging Technology Market Size Forecast by Type
5.2.1 Photoacoustic Tomography
5.2.2 Photoacoustic Microscopy
5.2.3 Intravascular Photoacoustic Imaging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photoacoustic Imaging Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photoacoustic Imaging Technology Market Size Forecast by Applications
6.2.1 Research Institution
6.2.2 Hospital
6.2.3 Pharmaceutical Factory
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photoacoustic Imaging Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photoacoustic Imaging Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photoacoustic Imaging Technology Analysis and Forecast
9.1 Introduction
9.2 North America Photoacoustic Imaging Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photoacoustic Imaging Technology Market Size Forecast by Type
9.6.1 Photoacoustic Tomography
9.6.2 Photoacoustic Microscopy
9.6.3 Intravascular Photoacoustic Imaging
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photoacoustic Imaging Technology Market Size Forecast by Applications
9.10.1 Research Institution
9.10.2 Hospital
9.10.3 Pharmaceutical Factory
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photoacoustic Imaging Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Photoacoustic Imaging Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photoacoustic Imaging Technology Market Size Forecast by Type
10.6.1 Photoacoustic Tomography
10.6.2 Photoacoustic Microscopy
10.6.3 Intravascular Photoacoustic Imaging
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photoacoustic Imaging Technology Market Size Forecast by Applications
10.10.1 Research Institution
10.10.2 Hospital
10.10.3 Pharmaceutical Factory
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photoacoustic Imaging Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photoacoustic Imaging Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photoacoustic Imaging Technology Market Size Forecast by Type
11.6.1 Photoacoustic Tomography
11.6.2 Photoacoustic Microscopy
11.6.3 Intravascular Photoacoustic Imaging
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photoacoustic Imaging Technology Market Size Forecast by Applications
11.10.1 Research Institution
11.10.2 Hospital
11.10.3 Pharmaceutical Factory
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photoacoustic Imaging Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Photoacoustic Imaging Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photoacoustic Imaging Technology Market Size Forecast by Type
12.6.1 Photoacoustic Tomography
12.6.2 Photoacoustic Microscopy
12.6.3 Intravascular Photoacoustic Imaging
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photoacoustic Imaging Technology Market Size Forecast by Applications
12.10.1 Research Institution
12.10.2 Hospital
12.10.3 Pharmaceutical Factory
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photoacoustic Imaging Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photoacoustic Imaging Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photoacoustic Imaging Technology Market Size Forecast by Type
13.6.1 Photoacoustic Tomography
13.6.2 Photoacoustic Microscopy
13.6.3 Intravascular Photoacoustic Imaging
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photoacoustic Imaging Technology Market Size Forecast by Applications
13.10.1 Research Institution
13.10.2 Hospital
13.10.3 Pharmaceutical Factory
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photoacoustic Imaging Technology Market: Competitive Dashboard
14.2 Global Photoacoustic Imaging Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 iThera Medical GmbH
14.3.2 Seno Medical Instruments
14.3.3 FUJIFILM VisualSonics
14.3.4 Kibero
14.3.5 TomoWave