Name: Global Photoacoustic Imaging Market – Industry Trends and Forecast to 2028
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Global Photoacoustic Imaging Market, By Component (Hardware (Component & Substance Medium), Software and Services), Type (Photoacoustic Imaging System, Photoacoustic Computed Tomography System), Application (Preclinical, Clinical), Modality (Portable, Standalone, Handheld), Platform (Pulsed Laser Diode, LED-Based, Xenon Flash, Others), Dimension (2D, 3D), Diagnostic Application (Oncology, Hematology, Dermatology, Cardiology, Neurology, Others), End User (Ambulatory Surgical Centers, Research Laboratories, Hospitals and Clinics, Diagnostic Imaging Centers, Pharmaceutical and Biotechnology Companies, Others), Distribution Channel (Direct Tender, Retail Sales, Online Sales, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, The Netherlands, Switzerland, Russia, Turkey, Belgium, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest Of Asia-Pacific, Saudi Arabia, South Africa And Rest Of Middle East And Africa, Brazil, Argentina, Rest of South America) Industry Trends and Forecast To 2028

Market Analysis and Insights: Global Photoacoustic Imaging Market

The photoacoustic imaging market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.8% in the forecast period of 2021 to 2028 and is expected to reach USD 1, 06,059.53 thousand by 2028. Rising research work in the fields of non-ionizing radiation for imaging is boosting the market.

Photoacoustic imaging is a hybrid imaging technology based on the photoacoustic effect. When non-ionizing laser pulses are delivered to tissues, some of the energy is converted to heat, which causes a rapid thermoelastic expansion and the generation of an ultrasonic wave. These waves can then be detected with the same equipment used in ultrasound imaging. The non-ionizing radiation being major advantage is pushing the development of this technology in the medical research field especially in the oncology application.

The rising healthcare industry and safe non-ionizing radiation used in the photoacoustic technology is the major driving factor in the market. The higher initial cost of adoption of photoacoustic imaging instruments and the developing technology can prove to be a challenge for the market.

However many advantages of better resolution and safe radiation prove to be a creative opportunity. The high level of training and lack of established infrastructure can be a restraint for the adoption of photoacoustic imaging and the market faced challenges due to the impact of COVID-19 on the supply chain of the raw materials.

The photoacoustic imaging market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the photoacoustic imaging market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Photoacoustic Imaging Market Scope and Market Size

The photoacoustic imaging market is segmented on the basis of the components, type, diagnostic channel, platform, dimension, modality, application, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of components, the photoacoustic imaging market is segmented into hardware (component & substance medium), software and services. In 2021, hardware (component & substance medium) segment is expected to dominate the photoacoustic imaging market as it includes the important parts such as lasers data acquisition units and sensors.

On the basis of type, the photoacoustic imaging market is segmented into photoacoustic imaging system and photoacoustic computed tomography system. In 2021, photoacoustic imaging system segment is expected to dominate the photoacoustic imaging market as it includes the most commonly adopted tomography system which are easier for adoption and results in better resolution.

On the basis of platform, the photoacoustic imaging market is segmented into pulsed laser diode, LED based, xenon flash and others. In 2021, pulsed laser diode segment is expected to dominate the photoacoustic imaging market as it is a high power laser used in the photoacoustic application.

On the basis of application, the photoacoustic imaging market is segmented into preclinical and clinical. In 2021, preclinical segment is expected to dominate the photoacoustic imaging market as it provides reliable and consistent results.

On the basis of modality, the photoacoustic imaging market is segmented into portable, standalone and handheld. In 2021, portable segment is expected to dominate the photoacoustic imaging market as the laser system for the radiation is high in demand in the healthcare industry.

On the basis of dimension, the photoacoustic imaging market is segmented into 2D and 3D. In 2021, 2D segment is expected to dominate the market as it is easier to adopt and saves time.

On the basis of diagnostic application, the photoacoustic imaging market is segmented into oncology, hematology, dermatology, cardiology, neurology and others. In 2021, oncology segment is expected to dominate the market as this technology is highly used for detecting and treating cancer.

On the basis of distribution channel, the photoacoustic imaging market is segmented into direct tender, retail sales, online sales and others. In 2021, direct tender segment is expected to dominate the market due to being most commonly used channel in the infrastructure field.

On the basis of end user, the photoacoustic imaging market is segmented into hospitals and clinics, diagnostic imaging centers, ambulatory surgical centers, research laboratories, pharmaceutical and biotechnology companies and others. In 2021, the diagnostic imaging centers segment is expected to dominate the market because the current COVID-19 pandemic requires more pharmaceutics.

Photoacoustic Imaging Market Country Level Analysis

The photoacoustic imaging market is analyzed and market size information is provided by the country, components, type, application, modality, platform, dimension, diagnostic application, end user and distribution channel as referenced above.

The countries covered in the photoacoustic imaging market report are the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific, South Africa, rest Of Middle East and Africa, Brazil, Argentina, and rest Of South America.

North American region is expected to dominate the photoacoustic imaging market due to the presence of large number of players focusing mainly towards investing more on research activities.

The pulsed laser diode segment in the type is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of the use of this laser is most common due to its ease of control and operation. U.S. dominates the North America region geographically due to the higher consumption, industries and producer of the components. Japan dominates the Asia Pacific region due to the manufacturer of health care products and research industries. Germany dominates the Europe region due to its developments in healthcare and medical research industry.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Rising Healthcare Market and Research of Photoacoustic Imaging is Boosting the Market Growth of Photoacoustic Imaging market.

The photoacoustic imaging market also provides you with detailed market analysis for every country growth in particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.

Competitive Landscape and Photoacoustic Imaging Market Share Analysis

Photoacoustic imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to photoacoustic imaging market.

The major companies which are dealing in the photoacoustic imaging are PreXion, iThera Medical, PST Inc., HÜBNER Photonics, Litron Lasers, FUJIFILM Visualsonics, Inc., kibero, InnoLas Laser GmbH, QUANTEL LASER, BK Medical Holding Company, Inc., EKSPLA, TomoWave Laboratories, Inc., Aspectus GmbH, Daylight Solutions, ADVANTEST CORPORATION, illumiSonics Inc., OPOTEK LLC, NanoHybrids, Seno Medical Instruments, Inc. and Vibronix, Inc. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many contract and agreement are also initiated by the companies’ worldwide which are also accelerating the photoacoustic imaging market.

For instance,

In March 2020, it is found in a study published in Nature Biomedical Engineering, raster-scanning optoacoustic mesoscopy (RSOM) of iThera Medical had provided an unprecedented means of studying tumor vasculature. Localized therapies provide appealing opportunities to delay tumor growth or even remove existing masses without damaging normal tissue in the ongoing quest for new and improved ways to cure cancer. With this product, the company had revealed several processes behind this therapy, which were unidentified and thereby, benefited the company in making a brand into the competitive market.

In May 2021, PreXion had announced the launching of the PreXion 3D Explorer PRO, its newest model in the market. This version of the equipment includes a first-of-its-kind integrated cephalometric. X-ray arm, in addition to flawless 3D imaging quality. This new feature in the model will allow dental and specialty practices to save some office space, while equipping them to capture cephalometric X-rays with conversion from CT or in only 30 seconds. With this product, the company can offer unrivaled customer support and dedication to continuing education opportunities by partnerships among fellow industry leaders such as Catapult Education and 3D Diagnostics (3DDX) and thereby, expanding their product range in the market.

Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the photoacoustic imaging market which also provides the benefit for organization’s profit growth.

SKU-52328

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Global Photoacoustic Imaging Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Global Photoacoustic Imaging Market

Photoacoustic Imaging Market Scope and Market Size

Photoacoustic Imaging Market Country Level Analysis

Competitive Landscape and Photoacoustic Imaging Market Share Analysis

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Research Methodology:

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