PUBLISHER: Grand View Research | PRODUCT CODE: 1375926
PUBLISHER: Grand View Research | PRODUCT CODE: 1375926
The global photoacoustic imaging market size is anticipated to reach USD 339.02 million by 2030, according to a new report by Grand View Research, Inc.. The market is projected to grow at a CAGR of 19.27% from 2023 to 2030. The increase in the prevalence of chronic diseases, growing application in research and development activities, and rapid advancements in healthcare technology are key contributors to the market growth.
The advancement in photoacoustic imaging (PAI) offers a unique combination of structural and functional information, making it valuable for early disease detection and monitoring in healthcare. PAI is non-invasive and uses non-ionizing radiation, making it safer than traditional imaging methods and appealing to patients and healthcare providers. These factors are propelling the growth of the market. For instance, in August 2023, TomoWave launched LOIS-3D three-dimensional quantitative optoacoustic tomography (qOAT). Using the most attractive aspects of light and sound, this innovative technology creates three-dimensional visualizations of tiny animal models of human diseases with unsurpassed detail and contrast.
Consumer awareness of preventative healthcare is growing, and PAI is becoming easier to use. In the near future, it is also anticipated that manufacturers will increase their promotional efforts for photoacoustic imaging systems, which will accelerate their utilization. In addition, minimally invasive procedures have a high chance of success. Therefore, for diagnosis and treatment, patients worldwide favor less invasive PAI propelling market expansion.