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Photoacoustic Imaging Market By Product, By Type, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 210 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5751185
The photoacoustic imaging market valued for $75.98 million in 2021 and is estimated to reach $132.33 million by 2031, exhibiting a CAGR of 5.7% from 2022 to 2031.

Photoacoustic imaging is an imaging technique for biomedicine that uses the photoacoustic effect. It is also known as optoacoustic imaging. It is a rapidly evolving imaging technology that has a wide range of applications in the field of biologics and therapeutics. This technique is a noninvasive imaging technique that is dependent on the tissue's light-absorption coefficient and the photoacoustic imaging contrast agents that are injected. An imaging develops photoacoustic pictures by detecting the acoustic wave, which offers excellent contrast, superior spatial resolution, great penetrability, and sensitivity to tissue functional features.

The growth of the global photoacoustic imaging market is driven by a rise in prevalence of cancer as well as cardiovascular and neurological disorders. Furthermore, increase in awareness regarding these diseases, early diagnosis of diseases in developed countries such as the U.S. and improved designs for photoacoustic imaging devices further fuel the market growth. However, lack of knowledge regarding usage of photoacoustic imaging devices and high cost of photoacoustic imaging hinders the market growth. Conversely, an increase in demand for photoacoustic imaging devices and a rise in technological advancements are anticipated to provide lucrative opportunities to the market players.

The global photoacoustic imaging market is segmented into product, type, end user, and region. By product, the market is categorized into imaging systems, lasers, transducer, and others. On the basis of type, the market is segregated into tomography and microscopy. By end user, the market is classified into hospitals, diagnostic imaging centers, and others. Region wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Major Key players that operate in the global photoacoustic imaging market are EKSPLA, FUJIFILM Holdings Corporation, illumiSonics Inc., InnoLas Laser GmbH, iTheraMedical, OPOTEK LLC, Photosound Technologies Inc., Seno Medical, TomoWave Laboratories, Inc., and Verasonics, Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the photoacoustic imaging market analysis from 2021 to 2031 to identify the prevailing photoacoustic imaging market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the photoacoustic imaging market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global photoacoustic imaging market trends, key players, market segments, application areas, and market growth Strategies.

Key Market Segments

By Product

  • Imaging Systems
  • Lasers
  • Transducer

By Type

  • Tomography
  • Microscopy

By End User

  • Hospitals
  • Diagnostic Imaging Centers

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Key Market Players

  • EKSPLA
  • FUJIFILM Holdings Corporation
  • InnoLas Laser GmbH
  • iThera Medical GmbH
  • Photosound Technologies Inc.
  • Seno Medical Instruments, Inc.
  • Verasonics, Inc.
  • OPOTEK LLC
  • TomoWave Laboratories, Inc.
  • illumiSonics Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. Low intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in incidences of chronic diseases
3.4.1.2. Rise in product approval and product launches
3.4.1.3. Rise in demand for minimally invasive surgeries
3.4.2. Restraints
3.4.2.1. High cost of photoacoustic imaging
3.4.3. Opportunities
3.4.3.1. Rise in technological advancements
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Imaging Systems
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Lasers
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Transducer
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country

CHAPTER 5: PHOTOACOUSTIC IMAGING MARKET, BY TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Tomography
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Microscopy
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country

CHAPTER 6: PHOTOACOUSTIC IMAGING MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Hospitals
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Diagnostic Imaging Centers
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Others
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country

CHAPTER 7: PHOTOACOUSTIC IMAGING MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Product
7.2.3. Market size and forecast, by Type
7.2.4. Market size and forecast, by End User
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Product
7.2.5.1.3. Market size and forecast, by Type
7.2.5.1.4. Market size and forecast, by End User
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Product
7.2.5.2.3. Market size and forecast, by Type
7.2.5.2.4. Market size and forecast, by End User
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Product
7.2.5.3.3. Market size and forecast, by Type
7.2.5.3.4. Market size and forecast, by End User
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Product
7.3.3. Market size and forecast, by Type
7.3.4. Market size and forecast, by End User
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Product
7.3.5.1.3. Market size and forecast, by Type
7.3.5.1.4. Market size and forecast, by End User
7.3.5.2. France
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Product
7.3.5.2.3. Market size and forecast, by Type
7.3.5.2.4. Market size and forecast, by End User
7.3.5.3. UK
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Product
7.3.5.3.3. Market size and forecast, by Type
7.3.5.3.4. Market size and forecast, by End User
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Product
7.3.5.4.3. Market size and forecast, by Type
7.3.5.4.4. Market size and forecast, by End User
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Product
7.3.5.5.3. Market size and forecast, by Type
7.3.5.5.4. Market size and forecast, by End User
7.3.5.6. Rest of Europe
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Product
7.3.5.6.3. Market size and forecast, by Type
7.3.5.6.4. Market size and forecast, by End User
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Product
7.4.3. Market size and forecast, by Type
7.4.4. Market size and forecast, by End User
7.4.5. Market size and forecast, by country
7.4.5.1. Japan
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Product
7.4.5.1.3. Market size and forecast, by Type
7.4.5.1.4. Market size and forecast, by End User
7.4.5.2. China
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Product
7.4.5.2.3. Market size and forecast, by Type
7.4.5.2.4. Market size and forecast, by End User
7.4.5.3. Australia
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Product
7.4.5.3.3. Market size and forecast, by Type
7.4.5.3.4. Market size and forecast, by End User
7.4.5.4. India
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Product
7.4.5.4.3. Market size and forecast, by Type
7.4.5.4.4. Market size and forecast, by End User
7.4.5.5. South Korea
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Product
7.4.5.5.3. Market size and forecast, by Type
7.4.5.5.4. Market size and forecast, by End User
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Product
7.4.5.6.3. Market size and forecast, by Type
7.4.5.6.4. Market size and forecast, by End User
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Product
7.5.3. Market size and forecast, by Type
7.5.4. Market size and forecast, by End User
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Product
7.5.5.1.3. Market size and forecast, by Type
7.5.5.1.4. Market size and forecast, by End User
7.5.5.2. Saudi Arabia
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Product
7.5.5.2.3. Market size and forecast, by Type
7.5.5.2.4. Market size and forecast, by End User
7.5.5.3. South Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Product
7.5.5.3.3. Market size and forecast, by Type
7.5.5.3.4. Market size and forecast, by End User
7.5.5.4. Rest of LAMEA
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Product
7.5.5.4.3. Market size and forecast, by Type
7.5.5.4.4. Market size and forecast, by End User

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1. EKSPLA
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Key strategic moves and developments
9.2. FUJIFILM Holdings Corporation
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. illumiSonics Inc.
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.4. InnoLas Laser GmbH
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. iThera Medical GmbH
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Key strategic moves and developments
9.6. OPOTEK LLC
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. Photosound Technologies Inc.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Seno Medical Instruments, Inc.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Key strategic moves and developments
9.9. TomoWave Laboratories, Inc.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Verasonics, Inc.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio

List of Tables
Table 01. Global Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 02. Photoacoustic Imaging Market for Imaging Systems, by Region, 2021-2031 (Revenue, $Million)
Table 03. Photoacoustic Imaging Market for Lasers, by Region, 2021-2031 (Revenue, $Million)
Table 04. Photoacoustic Imaging Market for Transducer, by Region, 2021-2031 (Revenue, $Million)
Table 05. Photoacoustic Imaging Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 06. Global Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 07. Photoacoustic Imaging Market for Tomography, by Region, 2021-2031 (Revenue, $Million)
Table 08. Photoacoustic Imaging Market for Microscopy, by Region, 2021-2031 (Revenue, $Million)
Table 09. Global Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 10. Photoacoustic Imaging Market for Hospitals, by Region, 2021-2031 (Revenue, $Million)
Table 11. Photoacoustic Imaging Market for Diagnostic Imaging Centers, by Region, 2021-2031 (Revenue, $Million)
Table 12. Photoacoustic Imaging Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 13. Photoacoustic Imaging Market, by Region, 2021-2031 (Revenue, $Million)
Table 14. North America Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 15. North America Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 16. North America Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 17. North America Photoacoustic Imaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 18. U.S. Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 19. U.S. Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 20. U.S. Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 21. Canada Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 22. Canada Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 23. Canada Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 24. Mexico Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 25. Mexico Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 26. Mexico Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 27. Europe Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 28. Europe Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 29. Europe Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 30. Europe Photoacoustic Imaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 31. Germany Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 32. Germany Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 33. Germany Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 34. France Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 35. France Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 36. France Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 37. UK Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 38. UK Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 39. UK Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 40. Italy Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 41. Italy Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 42. Italy Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 43. Spain Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 44. Spain Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 45. Spain Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 46. Rest of Europe Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 47. Rest of Europe Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 48. Rest of Europe Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 49. Asia-Pacific Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 50. Asia-Pacific Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 51. Asia-Pacific Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 52. Asia-Pacific Photoacoustic Imaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 53. Japan Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 54. Japan Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 55. Japan Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 56. China Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 57. China Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 58. China Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 59. Australia Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 60. Australia Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 61. Australia Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 62. India Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 63. India Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 64. India Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 65. South Korea Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 66. South Korea Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 67. South Korea Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 68. Rest of Asia-Pacific Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 69. Rest of Asia-Pacific Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 70. Rest of Asia-Pacific Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 71. LAMEA Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 73. LAMEA Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 74. LAMEA Photoacoustic Imaging Market, by Country, 2021-2031 (Revenue, $Million)
Table 75. Brazil Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 76. Brazil Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 77. Brazil Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 78. Saudi Arabia Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 79. Saudi Arabia Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 80. Saudi Arabia Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 81. South Africa Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 82. South Africa Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 83. South Africa Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 84. Rest of LAMEA Photoacoustic Imaging Market, by Product, 2021-2031 (Revenue, $Million)
Table 85. Rest of LAMEA Photoacoustic Imaging Market, by Type, 2021-2031 (Revenue, $Million)
Table 86. Rest of LAMEA Photoacoustic Imaging Market, by End-user, 2021-2031 (Revenue, $Million)
Table 87. Ekspla: Key Executives
Table 88. Ekspla: Company Snapshot
Table 89. Ekspla: Product Segments
Table 90. Ekspla: Product Portfolio
Table 91. Ekspla: Key Strategies
Table 92. Fujifilm Holdings Corporation: Key Executives
Table 93. Fujifilm Holdings Corporation: Company Snapshot
Table 94. Fujifilm Holdings Corporation: Product Segments
Table 95. Fujifilm Holdings Corporation: Product Portfolio
Table 96. Fujifilm Holdings Corporation: Key Strategies
Table 97. Illumisonics Inc.: Key Executives
Table 98. Illumisonics Inc.: Company Snapshot
Table 99. Illumisonics Inc.: Product Segments
Table 100. Illumisonics Inc.: Product Portfolio
Table 101. Innolas Laser GmbH: Key Executives
Table 102. Innolas Laser GmbH: Company Snapshot
Table 103. Innolas Laser GmbH: Product Segments
Table 104. Innolas Laser GmbH: Product Portfolio
Table 105. Ithera Medical GmbH: Key Executives
Table 106. Ithera Medical GmbH: Company Snapshot
Table 107. Ithera Medical GmbH: Product Segments
Table 108. Ithera Medical GmbH: Product Portfolio
Table 109. Ithera Medical GmbH: Key Strategies
Table 110. Opotek LLC: Key Executives
Table 111. Opotek LLC: Company Snapshot
Table 112. Opotek LLC: Product Segments
Table 113. Opotek LLC: Product Portfolio
Table 114. Photosound Technologies Inc.: Key Executives
Table 115. Photosound Technologies Inc.: Company Snapshot
Table 116. Photosound Technologies Inc.: Product Segments
Table 117. Photosound Technologies Inc.: Product Portfolio
Table 118. Seno Medical Instruments, Inc.: Key Executives
Table 119. Seno Medical Instruments, Inc.: Company Snapshot
Table 120. Seno Medical Instruments, Inc.: Product Segments
Table 121. Seno Medical Instruments, Inc.: Product Portfolio
Table 122. Seno Medical Instruments, Inc.: Key Strategies
Table 123. Tomowave Laboratories, Inc.: Key Executives
Table 124. Tomowave Laboratories, Inc.: Company Snapshot
Table 125. Tomowave Laboratories, Inc.: Product Segments
Table 126. Tomowave Laboratories, Inc.: Product Portfolio
Table 127. Verasonics, Inc.: Key Executives
Table 128. Verasonics, Inc.: Company Snapshot
Table 129. Verasonics, Inc.: Product Segments
Table 130. Verasonics, Inc.: Product Portfolio

List of Figures
Figure 01. Photoacoustic Imaging Market, 2021-2031
Figure 02. Segmentation of Photoacoustic Imaging Market, 2021-2031
Figure 03. Top Investment Pockets in Photoacoustic Imaging Market (2022-2031)
Figure 04. Low Bargaining Power of Suppliers
Figure 05. Low Bargaining Power of Buyers
Figure 06. Low Threat of Substitutes
Figure 07. Low Threat of New Entrants
Figure 08. Low Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalphotoacoustic Imaging Market
Figure 10. Photoacoustic Imaging Market, by Product, 2021(%)
Figure 11. Comparative Share Analysis of Photoacoustic Imaging Market for Imaging Systems, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Photoacoustic Imaging Market for Lasers, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Photoacoustic Imaging Market for Transducer, by Country 2021-2031(%)
Figure 14. Comparative Share Analysis of Photoacoustic Imaging Market for Others, by Country 2021-2031(%)
Figure 15. Photoacoustic Imaging Market, by Type, 2021(%)
Figure 16. Comparative Share Analysis of Photoacoustic Imaging Market for Tomography, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Photoacoustic Imaging Market for Microscopy, by Country 2021-2031(%)
Figure 18. Photoacoustic Imaging Market, by End-user, 2021(%)
Figure 19. Comparative Share Analysis of Photoacoustic Imaging Market for Hospitals, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Photoacoustic Imaging Market for Diagnostic Imaging Centers, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Photoacoustic Imaging Market for Others, by Country 2021-2031(%)
Figure 22. Photoacoustic Imaging Market by Region, 2021
Figure 23. U.S. Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 24. Canada Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 25. Mexico Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 26. Germany Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 27. France Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 28. UK Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 29. Italy Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 30. Spain Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 31. Rest of Europe Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 32. Japan Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 33. China Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 34. Australia Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 35. India Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 36. South Korea Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 37. Rest of Asia-Pacific Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 38. Brazil Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 39. Saudi Arabia Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 40. South Africa Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 41. Rest of LAMEA Photoacoustic Imaging Market, 2021-2031 ($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap: Photoacoustic Imaging Market
Figure 48. Top Player Positioning, 2021
Figure 49. Fujifilm Holdings Corporation: Net Sales, 2019-2021 ($Million)
Figure 50. Fujifilm Holdings Corporation: Revenue Share by Segment, 2021 (%)
Figure 51. Fujifilm Holdings Corporation: Revenue Share by Region, 2021 (%)

Executive Summary

According to the report titled, 'Photoacoustic Imaging Market,' the photoacoustic imaging market was valued at $75.98 million in 2021, and is estimated to reach $132.3 million by 2031, growing at a CAGR of 5.7% from 2022 to 2031.

Photoacoustic imaging permits functional measurements like oxygen saturation, total hemoglobin, and the micro distribution of biomarkers, ultrasonic imaging provides a high-resolution frame-of-reference for detecting anatomy. An imaging technique develops photoacoustic pictures by detecting the acoustic wave, which offers excellent contrast, superior spatial resolution, great penetrability, and sensitivity to tissue functional features. It is a rapidly evolving imaging technology that has a wide range of applications in the field of biologics and therapeutics. Imaging systems are used for diagnosis and evaluation of cardiovascular diseases, cancer, chronic respiratory diseases and diabetes.

Key factors driving the growth of the photoacoustic imaging market include rise in prevalence of cancer disease especially breast cancer led to increases the number of patients who needs a diagnosis and treatment which increased the adoption of photoacoustic imaging devices for diagnosis purpose and further supports the market growth. For instance, Seno Medical company offers the Imagio Breast Imaging system to examine breast lesions. In addition, rise in adoption of lasers for photoacoustic imaging to examine the diseases drive the segment growth. For instance, Opolette 532 LD laser has advanced features such as light-weight, compact tunable laser system, computer controlled, and alignment verification.

Furthermore, increase in usage of safe non-ionizing radiation used in photoacoustic technology further boosts the market growth. Moreover, better advancement in the healthcare industry and research institutions generating advanced technology drive the market growth. Numerous biomedical applications use the photoacoustic imaging, including deep tumor imaging, treatment responses monitoring, metabolic imaging, pH measurement, enzyme detection, reactive oxygen species (ROS) detection, and metal ions detection, among others. These are some of the primary drivers of photoacoustic imaging market growth.

Moreover, rise in prevalence of chronic disease such as Alzheimer disease, heart diseases and stroke drive the market growth. For instance, according to the World Health Organization (WHO, 2019), Europe accounts for 23.4% of global cancer cases. Thus, rise in prevalence of chronic diseases increases the adoption of photoacoustic imaging products which led to drive the market growth.

The market also offers growth opportunities to the key players in the market. Rise in technological advancements in imaging systems led to increases the adoption of imaging systems. For instance, in May 2022, FUJIFILM VisualSonics Inc. a part of FUJIFILM Holdings Corporation leader in ultra-high frequency ultrasound and photoacoustic imaging systems, announced the launch of its product Vevo F2, the world’s first ultra-high to low frequency (71MHz-1MHz) ultrasound and photoacoustic imaging system for preclinical use. As the imaging tests are frequently used by medical professionals to screen for health issues, diagnose diseases and conditions, monitor patient conditions, and determine the efficacy of therapies. Such an advanced technological features in photoacoustic imaging systems thereby providing growth opportunities for the stakeholders in the coming years.

The photoacoustic imaging market is segmented into product, type, end user, and region. On the basis of product, the market is categorized into imaging systems, lasers, transducers, and others. On the basis of type, it is categorized into tomography and microscopy. On the basis of end user, it is segmented into hospitals, diagnostic imaging centers, and others. Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

The key players profiled in the study include EKSPLA, FUJIFILM Holdings Corporation, illumiSonics Inc., InnoLas Laser GmbH, iTheraMedical, OPOTEK LLC, Photosound Technologies Inc., Seno Medical, TomoWave Laboratories, Inc., and Verasonics, Inc. The players in the market have been actively engaged in the adoption various Strategies such as partnership, acquisition, product launch and expansion to remain competitive and gain advantage over the competitors in the market. For instance, in May 2020, Ekspla updated its range of variable wavelength high-energy lasers. These tunable nanosecond lasers will become even more adaptable and capable of being customised for particular applications and/or requirements due to a variety of options and model upgrades. The two primary series of high-energy tunable lasers, the NT340 and NT350, have been upgraded the most.

Key Market Insights

  • By product, the imaging systems segment was the largest revenue contributor to the market in 2021 and is estimated to reach $57.27 million by 2031, with a CAGR of 7.0%.
  • By type, the tomography segment dominated the global market in 2021.
  • Based on end user, the diagnostic imaging centers segment was the largest revenue contributor to the market in 2021. However, hospitals segment is anticipated to grow at the highest CAGR during the forecast period.
  • Based on region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Companies Mentioned

  • EKSPLA
  • FUJIFILM Holdings Corporation
  • InnoLas Laser GmbH
  • iThera Medical GmbH
  • Photosound Technologies Inc.
  • Seno Medical Instruments, Inc.
  • Verasonics, Inc.
  • OPOTEK LLC
  • TomoWave Laboratories, Inc.
  • illumiSonics Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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