According to a new report, published by KBV research, The Global Photoacoustic Imaging Market size is expected to reach $164.1 million by 2030, rising at a market growth of 9.2% CAGR during the forecast period.
The Imaging Systems segment is showcasing a CAGR of 8.4 % during the forecast period. This is due to the surge in research activity and the increased need for sophisticated imaging equipment. Photoacoustic systems now offer better image quality, improved resolution, and deeper tissue penetration because of imaging system manufacturers' ongoing advancements in photoacoustic system hardware and technology. Consequently, a broader group of medical practitioners may find the technology more alluring.
The Diagnostic Imaging Centers segment acquired the maximum revenue share in the Global Photoacoustic Imaging Market by End User in 2022 thereby, achieving a market value of $80.2 million by 2030. This is due to the development of photoacoustic imaging technology, a rise in demand for minimally invasive surgeries, and high-resolution imaging capabilities. Due to a well-developed infrastructure, an increase in the number of patients being admitted for diagnosis, and the use of technologically advanced biomedical photoacoustic imaging technologies available in diagnostics centers, the market is experiencing growth in this segment.
The Microscopy segment has shown the high growth rate of of 8.5% during (2023 - 2030). The biomedical technology known as photoacoustic microscopy (PAM), which gives functional, anatomical, and molecular information, has grown in popularity. In contrast to pure optical microscopic techniques, PAM uses tissue's modest acoustic scattering to get beyond the optical diffusion limit. Due to PAM's scalability, high-resolution images can be generated at defined optimum imaging depths of a few millimeters. Even though PAM has been successfully commercialized for preclinical uses, the eventual commercialization of clinical uses will quicken PAM's transition from a lab technology to a common imaging modality.
The North America region dominated the Global Photoacoustic Imaging Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $60.1 million by 2030. The Asia Pacific market is poised to grow at a CAGR of 9.9% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/photoacoustic-imaging-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Fujifilm Holdings Corporation, Advantest Corporation, Prexion Corporation, Seno Medical Instruments, Inc., illumiSonics, Inc., OPOTEK LLC, EKSLPA (EKSMA Group), Verasonics, Inc., Photosound Technologies, Inc., iThera Medical GmbH.
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