QY Research has published the latest report, titled “Global Photoacoustic Imaging Market Report, History and Forecast 2014-2025”, which provides a comprehensive analysis of the market in terms of revenue, market trends and opportunities, key market drivers, and challenges. The report also contains a thorough analysis of the various market dynamics and predicts the current and future market scenario of the global photoacoustic imaging market.
As per the report insights, the global photoacoustic imaging market will reach US$130 mn by 2025 from US$49 mn in the year 2018. The market is likely to register a robust CAGR of 15.3% throughout the forecast period.
Global Photoacoustic Imaging Market: Trends and Restraints
In recent years, the developments made by the prominent players as well as the research groups has led to the adoption of photoacoustic imaging technology in the medical sector, which is propelling the market. One of the latest trends fueling the photoacoustic market is the advancements in the healthcare facilities. Growing awareness about better healthcare facilities among people encourages the service providers to equip themselves with patient wards, advanced labs, and medical imaging techniques such as photoacoustic imaging. This emerging trend is expected to drive the growth of the market over the forecast period.
Increasing incidence of non-communicable diseases and the rising occurrence of chronic diseases across the world due to unhealthy diets and lifestyles characterized by alcohol consumption and smoking have augmented the demand for photoacoustic imaging.
However, the high cost of investment in medical equipment creates a negative impact on the growth of the market in the years to come.
Global Photoacoustic Imaging Market: Forecast by Segments
The market is segmented on the basis of end users and product type. The product type is segmented into intravascular photoacoustic imaging, photoacoustic tomography, and photoacoustic microscopy. Based on the end users, the market is segmented into a pharmaceutical factories, research institutions, hospitals, and others.
Global Photoacoustic Imaging Market: Geographical Analysis
North America is anticipated to grab the largest market share due to the growing adoption of innovative technologies and rising clinical research studies related to photoacoustic imaging. Europe is likely to gain a remarkable market share as well due to rising investment in research and development activities and supportive government policies. The growing elderly population and the increasing clinical sectors are expected to raise the demand for photoacoustic imaging in the Asia Pacific region as well.
Global Photoacoustic Imaging Market: Key Players
The top five leading vendors that are operating in the global photoacoustic imaging market are TomoWave, iThera Medical GmbH, Kibero, Seno Medical Instruments, and FUJIFILM VisualSonics
Global Photoacoustic Imaging Market: Competitive Landscape
The researchers at the Cambridge Institute of the Cancer Research, U.K., have acquired the multispectral Raster-Scanning Optoacoustic Mesoscopy system from iThera Medical GmbH to add an extensive array of imaging tool to better understand the process of detecting cancer or tumor growth. Players are investing research and development activities to develop sophisticated products.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076314/global-photoacoustic-imaging-market