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Global Photoacoustic Imaging Market: Focus on Regulatory Scenario, Product, Application, Diagnostic Application, End User, 19 Countries Data, Competitive Landscape - Analysis and Forecast, 2019-2029

  • ID: 4871687
  • Report
  • November 2019
  • Region: Global
  • 181 Pages
  • BIS Research

FEATURED COMPANIES

  • EKSPLA
  • illumiSonics Inc.
  • iThera Medical GmbH
  • OPOTEK LLC
  • Teem Photonics
  • Verasonics, Inc.

Key Questions Answered in the Report:


  • How is the clinical use of photoacoustic imaging expected to evolve in the future?
  • Imaging systems are currently the leading product-based segment in the global photoacoustic imaging market. Which clinical applications of photoacoustic imaging are expected to emerge in the field of medical imaging?
  • How are the industry players trying to overcome the challenges associated with the clinical translation of photoacoustic imaging?
  • What are the steps taken by the industry players to overcome the lack of awareness for photoacoustic imaging?
  • How is the current dominating stake conquered by imaging systems expected to be impacted due to the evolving perception of end-users toward the incorporation of photoacoustic imaging?
  • What are the key strategies incorporated by the leading players of the global photoacoustic imaging market to sustain the competition?
  • What is the current total market size and forecasts (until 2029) for different product categories available in the market?
  • What is the current total market size and forecasts (until 2029) for different diagnostic applications?
  • What is the scope of the global photoacoustic imaging market in North America, Europe, Asia-Pacific, and Rest-of-the-World?
  • What is the role of each type of player in the photoacoustic imaging market?

The photoacoustic imaging market industry analysis projects the market to grow at a significant CAGR of 28.88% during the forecast period, 2019-2029. The photoacoustic imaging market generated $102.2 million in revenue in 2018, in terms of value.


The market growth in the photoacoustic imaging market can primarily be attributed to factors such as expanding preclinical utilization, rising awareness for early disease diagnosis, and increasing demand for non-invasive imaging. However, there are significant challenges that are restraining the market growth. These challenges include stringent regulatory guidelines, the high cost of equipment, and the lack of adequate reimbursement policies.

Expert Quote
“Better preclinical results are needed to improve the physician’s confidence rate towards photoacoustic imaging, the widespread clinical adoption is many years away but once approved clinical applications of photoacoustic imaging should dominate the market”

Scope of the Market Intelligence on Global Photoacoustic Imaging Market
The research report on the global photoacoustic imaging market provides a holistic view of the market in terms of various factors influencing it, including regulatory reforms, and technological advancements.
The scope of this report is centered upon conducting a detailed study of the products and manufacturers allied with the photoacoustic imaging market. In addition, the study also includes exhaustive information on the unmet needs, perception on the new products, competitive landscape, market share of leading manufacturers, the growth potential of each underlying sub-segment, and company, as well as other vital information with respect to photoacoustic imaging market.

Market Segmentation


  • The global photoacoustic imaging market segmentation (on the basis of product) is further segmented into imaging systems, components (lasers and transducers), contrast agents, and software and other accessories.
  • The global photoacoustic imaging market segmentation (on the basis of application) is segmented into preclinical and clinical application.
  • The global photoacoustic imaging market segmentation (on the basis of diagnostic application) is segmented into oncology, cardiology, neurology, hematology, and others.
  • The global photoacoustic imaging market segmentation (on the basis of end-user) is segmented into research institutions, hospitals and clinics, and others
  • The global photoacoustic imaging market segmentation (on the basis of the region) is segmented into North America, Europe, Asia-Pacific, and Rest-of-the-World.

Key Companies in the Global Photoacoustic Imaging Market
The key manufacturers who have been contributing significantly to the global photoacoustic imaging market include EKSPLA, ESAOTE SPA, FUJIFILM VisualSonics Inc., illumiSonics Inc., InnoLas Laser GmbH, iThera Medical GmbH, kibero, OPOTEK LLC, PA Imaging, PhotoSound Technologies Inc., Seno Medical Instruments Inc., Teem Photonics, TomoWave Laboratories, Verasonics, Inc., and Vibronix, Inc., among others.


Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • EKSPLA
  • illumiSonics Inc.
  • iThera Medical GmbH
  • OPOTEK LLC
  • Teem Photonics
  • Verasonics, Inc.


Executive Summary
1 Report Scope and Methodology
1.1 Product Definition
1.2 Research Scope
1.3 Global Photoacoustic Imaging Market: Research Methodology
1.3.1 Primary Data Sources
1.3.2 Secondary Data Sources
1.3.3 Data Triangulation
2 Industry Insights
2.1 Regulatory Framework and Government Initiatives
2.1.1 Regulations in the U.S.
2.1.2 Regulations in Europe
2.1.3 Regulations in Other Countries
2.2 Patent Analysis
2.3 Physicians’ Perception
3 Competitive Landscape
3.1 Key Strategies and Developments
3.1.1 Joint Ventures, Collaborations, and Partnerships
3.1.2 Product Launches
3.1.3 Rewards and Recognitions
3.1.4 Mergers and Acquisitions
3.1.5 Business Expansions
3.1.6 Funding and Investments
3.1.7 Product Approvals
3.2 Market Share Analysis
3.2.1 Market Share Analysis: Global Photoacoustic Imaging Market (Imaging Systems)
3.2.2 Market Share Analysis: Global Photoacoustic Imaging Market (Components)
3.2.2.1 Market Share Analysis: Global Photoacoustic Imaging Market (Lasers)
3.2.2.2 Market Share Analysis: Global Photoacoustic Imaging Market (Transducers)
3.2.3 Market Share Analysis: Global Photoacoustic Imaging Market (Contrast Agents)
3.2.4 Market Share Analysis: Global Photoacoustic Imaging Market (Software and Other Accessories)
3.3 Growth Share Analysis
3.3.1 Growth Share Matrix (by Product)
3.3.2 Growth Share Matrix (by Application)
3.3.3 Growth Share Matrix (by Diagnostic Application)
3.3.4 Growth Share Matrix (by End User)
4 Global Market Scenario
4.1 Introduction
4.2 Principle and Advantages of Photoacoustic Imaging
4.3 Awaited Technological Advancements
4.4 Global Photoacoustic Imaging Market Scenario
4.4.1 Global Photoacoustic Imaging Addressable Market and Future Potential (2018-2029)
4.4.2 Assumptions and Limitations
4.5 Market Dynamics
4.5.1 Overview
4.5.2 Impact Analysis
4.5.3 Market Drivers
4.5.3.1 Limited Results with Conventional Ultrasound
4.5.3.2 Rising Awareness for Early Disease Diagnosis
4.5.3.3 Increasing Demand for Non-Invasive Imaging in Pre-Clinical Research
4.5.4 Market Restraints
4.5.4.1 Regulatory Challenges
4.5.4.2 High Cost of Investment
4.5.4.3 Lack of Favorable Reimbursement Policies
4.5.5 Market Opportunities
4.5.5.1 Ongoing Technological Advancements
4.5.5.2 Availability of Novel Contrast Agents
4.5.5.3 Potential for Theranostic Usage
5 Global Photoacoustic Imaging Market (by Product), 2018 - 2029
5.1 Overview
5.2 Imaging Systems
5.3 Components
5.3.1 Lasers
5.3.2 Transducers
5.4 Contrast Agents
5.5 Software and Other Accessories
6 Global Photoacoustic Imaging Market (by Application), 2018 – 2029
6.1 Overview
6.2 Preclinical
6.3 Clinical
7 Global Photoacoustic Imaging Market (by Diagnostic Application), 2018 – 2029
7.1 Overview
7.2 Oncology
7.3 Cardiology
7.4 Neurology
7.5 Hematology
7.6 Others
8 Global Photoacoustic Imaging Market (by End User), 2018 – 2029
8.1 Overview
8.2 Research Institutions
8.3 Hospitals and Clinics
8.4 Others
9 Global Photoacoustic Imaging Market (by Region), 2018 – 2029
9.1 Overview
9.2 North America
9.2.1 Market Footprint: North America Photoacoustic Imaging Market
9.2.2 North America Photoacoustic Imaging Market, by Country
9.2.2.1 U.S.
9.2.2.2 Canada
9.3 Europe
9.3.1 Market Footprint: Europe Photoacoustic Imaging Market
9.3.2 Europe Photoacoustic Imaging Market, by Country
9.3.2.1 Germany
9.3.2.2 U.K.
9.3.2.3 France
9.3.2.4 Netherlands
9.3.2.5 Italy
9.3.2.6 Spain
9.3.2.7 Lithuania
9.3.2.8 Sweden
9.3.2.9 Ireland
9.3.2.10 Rest-of-Europe
9.4 Asia-Pacific
9.4.1 Market Footprint: Asia-Pacific Photoacoustic Imaging Market
9.4.2 Asia-Pacific Photoacoustic Imaging Market, by Country
9.4.2.1 China
9.4.2.2 Japan
9.4.2.3 Australia
9.4.2.4 South Korea
9.4.2.5 India
9.4.2.6 Rest-of-Asia-Pacific
9.5 Rest-of-the-World (RoW)
9.5.1 Market Footprint: Rest-of-the-World Photoacoustic Imaging Market
9.5.2 Rest-of-the-World Photoacoustic Imaging Market, by Country
9.5.2.1 Brazil
9.5.2.2 Israel
9.5.2.3 Saudi Arabia
9.5.2.4 Others
10 Company Profiles
10.1 Overview
10.2 EKSPLA
10.2.1 Company Overview
10.2.2 Role of EKSPLA in the Global Photoacoustic Imaging Market
10.2.3 SWOT Analysis: EKSPLA
10.3 ESAOTE SPA
10.3.1 Company Overview
10.3.2 Role of ESAOTE SPA in the Global Photoacoustic Imaging Market
10.3.3 SWOT Analysis: ESAOTE SPA
10.4 FUJIFILM VisualSonics Inc.
10.4.1 Company Overview
10.4.2 Role of FUJIFILM VisualSonics Inc. in the Global Photoacoustic Imaging Market
10.4.3 SWOT Analysis: FUJIFILM VisualSonics Inc.
10.5 illumiSonics Inc.
10.5.1 Company Overview
10.5.2 Role of illumiSonics Inc. in the Global Photoacoustic Imaging Market
10.5.3 SWOT Analysis: illumiSonics Inc.
10.6 InnoLas Laser GmbH
10.6.1 Company Overview
10.6.2 Role of InnoLas Laser GmbH in the Global Photoacoustic Imaging Market
10.6.3 SWOT Analysis: InnoLas Laser GmbH
10.7 iThera Medical GmbH
10.7.1 Company Overview
10.7.2 Role of iThera Medical GmbH in the Global Photoacoustic Imaging Market
10.7.3 SWOT Analysis: iThera Medical GmbH
10.8 kibero
10.8.1 Company Overview
10.8.2 Role of kibero in the Global Photoacoustic Imaging Market
10.8.3 SWOT Analysis: kibero
10.9 OPOTEK LLC
10.9.1 Company Overview
10.9.2 Role of OPOTEK LLC in the Global Photoacoustic Imaging Market
10.9.3 SWOT Analysis: OPOTEK LLC
10.10   PA Imaging
10.10.1 Company Overview
10.10.2 Role of PA Imaging in the Global Photoacoustic Imaging Market
10.10.3 SWOT Analysis: PA Imaging
10.11   PhotoSound Technologies Inc.
10.11.1 Company Overview
10.11.2 Role of PhotoSound Technologies Inc. in the Global Photoacoustic Imaging Market
10.11.3 SWOT Analysis: PhotoSound Technologies Inc.
10.12   Seno Medical Instruments Inc.
10.12.1 Company Overview
10.12.2 Role of Seno Medical Instruments Inc. in the Global Photoacoustic Imaging Market
10.12.3 SWOT Analysis: Seno Medical Instruments Inc.
10.13   Teem Photonics
10.13.1 Company Overview
10.13.2 Role of Teem Photonics in the Global Photoacoustic Imaging Market
10.13.3 SWOT Analysis: Teem Photonics
10.14   TomoWave Laboratories
10.14.1 Company Overview
10.14.2 Role of TomoWave Laboratories in the Global Photoacoustic Imaging Market
10.14.3 SWOT Analysis: TomoWave Laboratories
10.15   Verasonics, Inc.
10.15.1 Company Overview
10.15.2 Role of Verasonics, Inc. in the Global Photoacoustic Imaging Market
10.15.3 SWOT Analysis: Verasonics, Inc.
10.16   Vibronix, Inc.
10.16.1 Company Overview
10.16.2 Role of Vibronix, Inc. in the Global Photoacoustic Imaging Market
10.16.3 SWOT Analysis: Vibronix, Inc.
List of Tables
Table 4.1: Market Drivers
Table 4.2: Market Restraints
Table 4.3 Typical Prices of Commercially Available Photoacoustic Imaging Systems
Table 7.1: Diagnostic Applications of Photoacoustic Imaging
Table 9.1: European Government’s Funding for Photoacoustic Imaging
List of Figures
Figure 1: Evolution of Photoacoustic Imaging
Figure 2: Impact Analysis of Market Drivers and Market Restraints, 2018-2029
Figure 3: Share of Key Developments and Strategies, January 2015-October 2019
Figure 4: Leading Players in the Global Photoacoustic Imaging Market
Figure 5: Global Photoacoustic Imaging Market, 2018-2029
Figure 6: Global Photoacoustic Imaging Market Share (by Product), 2018 and 2029
Figure 7: Global Photoacoustic Imaging Market Share (by Application), 2018 and 2029
Figure 8: Global Photoacoustic Imaging Market Share (by Diagnostic Application), 2018 and 2029
Figure 9: Global Photoacoustic Imaging Market Share (by End User), 2018 and 2029
Figure 10: Global Photoacoustic Imaging Market Regional Snapshot
Figure 1.1: Global Photoacoustic Imaging Market Segmentation
Figure 1.2: Research Methodology
Figure 1.3: Primary Research
Figure 1.4: Secondary Research
Figure 1.5: Data Triangulation
Figure 1.6: Bottom-up Approach (Segment-wise Analysis)
Figure 1.7: Top-Down Approach (Segment-wise Analysis)
Figure 1.8: Assumptions and Limitations
Figure 1.9: Considered Factors for Data Prediction and Modelling
Figure 2.1: Number of Patents in Photoacoustic Imaging (2011-2019)
Figure 3.1: Share of Key Developments and Strategies, January 2015-October 2019
Figure 3.2: Share of Joint Ventures, Collaborations, and Partnerships, January 2015-October 2019
Figure 3.3: Share of Product Launches, January 2015-October 2019
Figure 3.4: Share of Rewards and Recognitions, January 2015-October 2019
Figure 3.5: Share of Mergers and Acquisitions, January 2015-October 2019
Figure 3.6: Share of Business Expansions, January 2015-October 2019
Figure 3.7: Share of Funding and Investments, January 2015-October 2019
Figure 3.8: Market Share Analysis: Global Photoacoustic Imaging Market, 2018
Figure 3.9: Market Share Analysis: Global Photoacoustic Imaging Market, 2017
Figure 3.10: Market Share Analysis: Global Photoacoustic Imaging Market (Imaging Systems), 2018
Figure 3.11: Market Share Analysis: Global Photoacoustic Imaging Market (Imaging Systems), 2017
Figure 3.12: Market Share Analysis: Global Photoacoustic Imaging Market (Lasers), 2018
Figure 3.13: Market Share Analysis: Global Photoacoustic Imaging Market (Lasers), 2017
Figure 3.14: Market Share Analysis: Global Photoacoustic Imaging Market (Transducers), 2018
Figure 3.15: Market Share Analysis: Global Photoacoustic Imaging Market (Transducers), 2017
Figure 3.16: Market Share Analysis: Global Photoacoustic Imaging Market (Contrast Agents), 2018
Figure 3.17: Market Share Analysis: Global Photoacoustic Imaging Market (Contrast Agents), 2017
Figure 3.18: Market Share Analysis: Global Photoacoustic Imaging Market (Software and Other Accessories), 2018
Figure 3.19: Market Share Analysis: Global Photoacoustic Imaging Market (Software and Other Accessories), 2017
Figure 3.20: Growth-Share Matrix: Global Photoacoustic Imaging Market (by Product), 2018-2029
Figure 3.21: Growth-Share Matrix: Global Photoacoustic Imaging Market (by Application), 2018-2029
Figure 3.22: Growth-Share Matrix: Global Photoacoustic Imaging Market (by Diagnostic Application), 2018-2029
Figure 3.23: Growth-Share Matrix: Global Photoacoustic Imaging Market (by End User), 2018-2029
Figure 4.1: Principle of Photoacoustic Imaging
Figure 4.2: Awaited Clinical Implications of Photoacoustic Imaging
Figure 4.3: Global Photoacoustic Imaging Market, 2018-2029
Figure 4.4: Research Studies Illustrating the Use of Photoacoustic Imaging for Early Disease Detection
Figure 4.5: Cost of Development of a Photoacoustic Imaging System
Figure 4.6: Different Types of Photoacoustic Agents
Figure 4.7: Role of Contrast Agents in Theranostic Application of Photoacoustic Imaging
Figure 5.1: Global Photoacoustic Imaging Market (by Product), 2018-2029
Figure 5.2: Global Photoacoustic Imaging Market (by Imaging Systems), 2018-2029
Figure 5.3: Global Photoacoustic Imaging Market (by Components), 2018-2029
Figure 5.4: Global Photoacoustic Imaging Market (by Components), 2018-2029
Figure 5.5: Global Photoacoustic Imaging Market (by Lasers), 2018-2029
Figure 5.6: Global Photoacoustic Imaging Market (by Transducers), 2018-2029
Figure 5.7: Global Photoacoustic Imaging Market (by Contrast Agents), 2018-2029
Figure 5.8: Global Photoacoustic Imaging Market (by Software and Other Accessories), 2018-2029
Figure 6.1: Global Photoacoustic Imaging Market (by Application), 2018-2029
Figure 6.2: Global Photoacoustic Imaging Market (by Preclinical), 2018-2029
Figure 6.3: Global Photoacoustic Imaging Market (by Clinical), 2018-2029
Figure 7.1: Global Photoacoustic Imaging Market (by Diagnostic Application), 2018-2029
Figure 7.2: Global Photoacoustic Imaging Market (by Oncology), 2018-2029
Figure 7.3: Global Photoacoustic Imaging Market (by Cardiology), 2018-2029
Figure 7.4: Global Photoacoustic Imaging Market (by Neurology), 2018-2029
Figure 7.5: Global Photoacoustic Imaging Market (by Hematology), 2018-2029
Figure 7.6: Global Photoacoustic Imaging Market (by Others), 2018-2029
Figure 8.1: Global Photoacoustic Imaging Market (by End User), 2018-2029
Figure 8.2: Global Photoacoustic Imaging Market (by Research Institutions), 2018-2029
Figure 8.3: Global Photoacoustic Imaging Market (by Hospitals and Clinics), 2018-2029
Figure 8.4: Global Photoacoustic Imaging Market (by Others), 2018-2029
Figure 9.1: Global Photoacoustic Imaging Market Scenario, 2018 and 2029
Figure 9.2: North America: Photoacoustic Imaging Market, 2018-2029
Figure 9.3: North America: Market Dynamics
Figure 9.4: North America: Photoacoustic Imaging Market (by Country), 2018-2029
Figure 9.5: U.S.: Photoacoustic Imaging Market, 2018-2029
Figure 9.6: Canada: Photoacoustic Imaging Market, 2018-2029
Figure 9.7: Europe: Photoacoustic Imaging Market, 2018-2029
Figure 9.8: Europe: Market Dynamics
Figure 9.9: Europe: Photoacoustic Imaging Market (by Country), 2018-2029
Figure 9.10: Germany: Photoacoustic Imaging Market, 2018-2029
Figure 9.11: U.K.: Photoacoustic Imaging Market, 2018-2029
Figure 9.12: France: Photoacoustic Imaging Market, 2018-2029
Figure 9.13: Netherlands: Photoacoustic Imaging Market, 2018-2029
Figure 9.14: Italy: Photoacoustic Imaging Market, 2018-2029
Figure 9.15: Spain: Photoacoustic Imaging Market, 2018-2029
Figure 9.16: Lithuania: Photoacoustic Imaging Market, 2018-2029
Figure 9.17: Sweden: Photoacoustic Imaging Market, 2018-2029
Figure 9.18: Ireland: Photoacoustic Imaging Market, 2018-2029
Figure 9.19: Rest-of-Europe: Photoacoustic Imaging Market, 2018-2029
Figure 9.20: Asia-Pacific: Photoacoustic Imaging Market, 2018-2029
Figure 9.21: Asia Pacific: Market Dynamics
Figure 9.22: Asia-Pacific: Photoacoustic Imaging Market (by Country), 2018-2029
Figure 9.23: China: Photoacoustic Imaging Market, 2018-2029
Figure 9.24: Japan: Photoacoustic Imaging Market, 2018-2029
Figure 9.25: Australia: Photoacoustic Imaging Market, 2018-2029
Figure 9.26: South Korea: Photoacoustic Imaging Market, 2018-2029
Figure 9.27: India: Photoacoustic Imaging Market, 2018-2029
Figure 9.28: Rest-of-Asia-Pacific: Photoacoustic Imaging Market, 2018-2029
Figure 9.29: Rest-of-the-World: Photoacoustic Imaging Market, 2018-2029
Figure 9.30: Rest-of-the-World: Market Dynamics
Figure 9.31: Rest-of-the-World: Photoacoustic Imaging Market (by Country), 2018-2029
Figure 9.32: Brazil: Photoacoustic Imaging Market, 2018-2029
Figure 9.33: Israel: Photoacoustic Imaging Market, 2018-2029
Figure 9.34: Saudi Arabia: Photoacoustic Imaging Market, 2018-2029
Figure 9.35: Others: Photoacoustic Imaging Market, 2018-2029
Figure 10.1: EKSPLA: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.2: ESAOTE SPA: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.3: FUJIFILM VisualSonics Inc.: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.4: illumiSonics Inc.: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.5: InnoLas Laser GmbH: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.6: iThera Medical GmbH: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.7: kibero: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.8: OPOTEK LLC: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.9: PA Imaging: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.10: PhotoSound Technologies Inc.: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.11: Seno Medical Instruments Inc.: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.12: Teem Photonics: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.13: TomoWave Laboratories: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.14: Verasonics, Inc.: Product Offerings for the Global Photoacoustic Imaging Market
Figure 10.15: Vibronix, Inc.: Product Offerings for the Global Photoacoustic Imaging Market
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • EKSPLA
  • illumiSonics Inc.
  • iThera Medical GmbH
  • OPOTEK LLC
  • Teem Photonics
  • Verasonics, Inc.

According to a market intelligence report, titled “Global Photoacoustic Imaging Market - Analysis and Forecast, 2019-2029”, the global photoacoustic imaging market was valued at $102.2 million in 2018 and is anticipated to reach $1.64 billion by 2029. The global photoacoustic imaging market is expected to grow at a double-digit compound annual growth rate in the forecast period 2019-2029, aided primarily by the expected launch of novel photoacoustic imaging systems for use in clinical practice.
 
Browse 5 Market Data Tables and 121 Figures spread through 191 Pages and in-depth TOC on " Global Photoacoustic Imaging Market "


The rapidly growing incidence of chronic disorders including cancer and cardiovascular diseases is emphasizing the use of non-invasive and real-time diagnostic methods for early detection. With greater specificity compared to traditional ultrasound, photoacoustic imaging is emerging as a unique diagnostic approach for the early detection and better management of chronic disorders. Attributed to its potential in the functional characterization of living tissues, the demand for photoacoustic imaging is rapidly increasing in clinical as well as preclinical research particularly for the early detection of cancer, cardiovascular diseases, and the abnormalities in microcirculation.

Owing to these advancements, several established, as well as emerging manufacturers in the market, are developing and offering innovative photoacoustic imaging solutions. Moreover, attributed to its potential usage in humans, research is underway to develop novel clinical photoacoustic imaging solutions. Hence, the market is expected to witness exponential growth over the coming 10 years.

According to Manu Kaushik, Analyst at BIS Research, “North America is the leading contributor in the global photoacoustic imaging market and contributed approximately 53.35% to the global market value in 2018. This region is anticipated to grow at a CAGR of 28.85% during the forecast period 2019-2029 and will continue dominating the global market in 2029 as well. However, the Europe region is expected to grow at an impressive CAGR of 30.51% during the forecast period 2019-2029. The Asia-Pacific region contributed a share of 13.28% to the global market and is anticipated to grow at a CAGR of 27.36% during the forecast period 2019-2029.”

Research Highlights:

Clinical applications are expected to witness a robust CAGR of 30.25% during the forecast period 2019-2029. Moreover, the hematology segment under diagnostic application is expected to witness an impressive growth at a CAGR of 30.28% during the forecast period 2019-2029.


The imaging systems segment is currently the largest shareholder in the global photoacoustic imaging market. This market dominance is attributed to the worldwide availability of a good number of photoacoustic imaging systems.

This market intelligence report provides a multi-dimensional view of the global photoacoustic imaging market in terms of market size and growth potential. This research report aims at answering various aspects of the global photoacoustic imaging market with the help of key factors driving the market, restraints that can possibly inhibit the overall growth of the market, and the current growth opportunities that are going to shape the future trajectory of the market expansion.
 
Furthermore, the competitive landscape chapter in the report explicates the competitive nature of the global market and enables the reader to get acquainted with the recent market activities, such as product launches and approvals, partnerships, collaborations, business expansions, as well as mergers and acquisitions. The research report provides a comprehensive analysis of the product sales, manufacturers, service providers, and trend analysis by segment, and growth share analysis by region. Additionally, the report provides a comprehensive attractive analysis and opportunity analysis for the entire global photoacoustic imaging market for 2018 and 2029.

This report is a meticulous compilation of the research of 50 players in the market ecosystem and draws upon insights from in-depth interviews with the key opinion leaders of 10 leading companies, market participants, and vendors. The report also comprises 15 detailed company profiles including that of EKSPLA, ESAOTE SPA, FUJIFILM VisualSonics Inc., illumiSonics Inc., InnoLas Laser GmbH, iThera Medical GmbH, kibero, OPOTEK LLC, PA Imaging, PhotoSound Technologies Inc., Seno Medical Instruments Inc., Teem Photonics, TomoWave Laboratories, Verasonics, Inc., and Vibronix, Inc.

The answers to the following key questions can be derived from this report:


  • How is the clinical use of photoacoustic imaging expected to evolve in the future?
  • Imaging systems is currently the leading product-based segment in the global photoacoustic imaging market. Which clinical applications of photoacoustic imaging are expected to emerge in the field of medical imaging?
  • How are the industry players trying to overcome the challenges associated with the clinical translation of photoacoustic imaging?
  • What are the steps taken by the industry players to overcome the lack of awareness for photoacoustic imaging?
  • How is the current dominating stake conquered by imaging systems expected to be impacted due to the evolving perception of end-users toward the incorporation of photoacoustic imaging?
  • What are the key strategies incorporated by the leading players of the global photoacoustic imaging market to sustain the competition?
  • What is the current total market size and forecasts (until 2029) for different product categories available in the market?
  • What is the current total market size and forecasts (until 2029) for different diagnostic applications?
  • What is the scope of the global photoacoustic imaging market in North America, Europe, Asia-Pacific, and Rest-of-the-World?
  • What is the role of each type of player in the photoacoustic imaging market?
Note: Product cover images may vary from those shown
  • EKSPLA
  • ESAOTE SPA
  • FUJIFILM VisualSonics Inc.
  • illumiSonics Inc.
  • InnoLas Laser GmbH
  • iThera Medical GmbH
  • kibero
  • OPOTEK LLC
  • PA Imaging
  • PhotoSound Technologies Inc.
  • Seno Medical Instruments Inc.
  • Teem Photonics
  • TomoWave Laboratories
  • Verasonics, Inc.
  • Vibronix, Inc.
Note: Product cover images may vary from those shown

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