Photoacoustic Imaging Market Report: Trends, Forecast and Competitive Analysis to 2030

Photoacoustic Imaging Trends and Forecast

The future of the global photoacoustic imaging market looks promising with opportunities in the oncology, cardiology, neurology, and haematology markets. The global photoacoustic imaging market is expected to reach an estimated $0.16 billion by 2030 with a CAGR of 12.7% from 2024 to 2030. The major drivers for this market are growing incidences of chronic diseases, increasing demand for minimally invasive surgeries, and on-going technological advancements for manufacturing of photoacoustic imaging devices.

A more than 150-page report is developed to help in your business decisions.

Photoacoustic Imaging by Segment

The study includes a forecast for the global photoacoustic imaging by product, type, application, end use, and region.

Photoacoustic Imaging Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Imaging Systems
• Lasers
• Transducers
• Contrast Agents
• Software and Accessories

Photoacoustic Imaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Photoacoustic Tomography
• Photoacoustic Microscopy
• Others

Photoacoustic Imaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Oncology
• Cardiology
• Neurology
• Haematology
• Others

Photoacoustic Imaging Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals and Imaging Centers
• Research Institutes and Academia
• Others

Photoacoustic Imaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Photoacoustic Imaging Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies photoacoustic imaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the photoacoustic imaging companies profiled in this report include-

• Advantest
• Tomo Wave
• Kibero
• Fujifilm Visual Sonics
• Seno Medical Instruments
• Ithera Medical
• Aspectus
• Canon
• Echofos
• Endra Life Science

Photoacoustic Imaging Market Insights

Lucintel forecasts that imaging systems will remain the largest segment over the forecast period due to growing demand for advanced imaging devices and increasing frequency of research activities.

Within this market, oncology will remain the largest segment due to growing adoption of these systems for cancer diagnosis, especially for breast cancer.

North America will remain the largest segment over the forecast period due to increasing preference for effective patient care through non-invasive disease diagnosis and rising spending on healthcare infrastructure in the region.

Features of the Global Photoacoustic Imaging Market

Market Size Estimates: Photoacoustic imaging market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Photoacoustic imaging market by various segments, such as by product, type, application, end use and region in terms of ($B).

Regional Analysis: Photoacoustic imaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, types, applications, end uses, and regions for the photoacoustic imaging market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the photoacoustic imaging market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the photoacoustic imaging market size?

Answer: The global photoacoustic imaging market is expected to reach an estimated $0.16 billion by 2030.

Q.2 What is the growth forecast for photoacoustic imaging market?

Answer: The global photoacoustic imaging market is expected to grow with a CAGR of 12.7% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the photoacoustic imaging market?

Answer: The major drivers for this market are growing incidences of chronic diseases, increasing demand for minimally invasive surgeries, and on-going technological advancements for manufacturing of photoacoustic imaging devices.

Q4. What are the major segments for photoacoustic imaging market?

Answer: The future of the photoacoustic imaging market looks promising with opportunities in the oncology, cardiology, neurology, and haematology markets.

Q5. Who are the key photoacoustic imaging market companies?

Answer: Some of the key photoacoustic imaging companies are as follows:

• Advantest
• Tomo Wave
• Kibero
• Fujifilm Visual Sonics
• Seno Medical Instruments
• iThera Medical
• Aspectus
• Canon
• Echofos
• Endra Life Science

Q6. Which photoacoustic imaging market segment will be the largest in future?

Answer: Lucintel forecasts that imaging systems will remain the largest segment over the forecast period due to growing demand for advanced imaging devices and increasing frequency of research activities.

Q7. In photoacoustic imaging market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest segment over the forecast period due to increasing preference for effective patient care through non-invasive disease diagnosis and rising spending on healthcare infrastructure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the photoacoustic imaging market by product (imaging systems, lasers, transducers, contrast agents, and software & accessories), type (photoacoustic tomography, photoacoustic microscopy, and others), application (oncology, cardiology, neurology, haematology, and others), end use (hospitals and imaging centers, research institutes and academia, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?