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Photoacoustic Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701003
Description Jump to:
The global photoacoustic imaging market size reached US$ 84.1 Million in 2022. Looking forward, the analyst expects the market to reach US$ 209.2 Million by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.

Photoacoustic imaging, also known as optoacoustic imaging, is a non-invasive biomedical imaging technique that captures images of biological tissues without using ionizing radiation. It is a hybrid modality that functions on the photoacoustic effect, wherein absorbed optical energy is converted into acoustic energy. It offers various advantages over conventional imaging techniques, including high penetration, depth, and image resolution, no harmful ionizing radiation, and molecular targeting at imaging depth. It is employed in detecting physiological properties and naturally occurring chromophores, such as lipids, melanin, hemoglobin concentration, and water and oxygen saturation. Besides this, it is extensively used for tumor mapping, functioning of the brain, detecting skin melanoma, and measuring methemoglobin. As a result, photoacoustic imaging is gaining immense traction across the globe.

Photoacoustic Imaging Market Trends:

The growing geriatric population, which is highly susceptible to various chronic medical disorders, such as diabetes, cardiovascular, neurological, and orthopedic disorders, represents one of the prominent factors positively influencing the market. In addition, the rising prevalence of cancer, coupled with increasing research studies in the field of non-ionizing radiation for imaging, is strengthening the market growth. In line with this, the rising awareness among individuals and healthcare professionals about the early diagnosis and treatment of cancer is offering a favorable market outlook. Furthermore, the photoacoustic imaging technique finds extensive applications in preclinical studies at educational and research institutions, which is offering lucrative growth opportunities to manufacturers. Apart from this, the introduction of advanced technologies by the leading medical equipment manufacturers and research groups is driving the market. Additionally, the expansion of hospitals and laboratory centers is catalyzing the demand for imaging techniques. Moreover, increasing investments by the leading market players in extensive research and development (R&D) activities to launch novel imaging methods are propelling the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global photoacoustic imaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, indication, application and end use.

Breakup by Product:

  • Imaging Systems
  • Components
  • Lasers
  • Transducers
  • Contrast Agents
  • Software
  • Others

Breakup by Indication:

  • Oncology
  • Cardiology
  • Neurology
  • Hematology
  • Others

Breakup by Application:

  • Pre-Clinical
  • Clinical

Breakup by End Use:

  • Hospital and Clinics
  • Research Institution
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advantest Corporation, Ekspla (EKSMA group), Fujifilm Visualsonics Inc., illumiSonics Inc., InnoLas Laser GmbH, iThera Medical GmbH, kibero GmbH, Litron Lasers Ltd., Opotek LLC, Photosound Technologies Inc., Seno Medical Instruments and Tomowave Laboratories Inc.

Key Questions Answered in This Report:

  • How has the global photoacoustic imaging market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global photoacoustic imaging market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the indication?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global photoacoustic imaging market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Photoacoustic Imaging Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Imaging Systems
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Components
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Lasers
6.2.2.2 Transducers
6.2.3 Market Forecast
6.3 Contrast Agents
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Software
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Indication
7.1 Oncology
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cardiology
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Neurology
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Hematology
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Pre-Clinical
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Clinical
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End Use
9.1 Hospital and Clinics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Research Institution
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Advantest Corporation
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Ekspla (EKSMA group)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Fujifilm Visualsonics Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 illumiSonics Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 InnoLas Laser GmbH
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 iThera Medical GmbH
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 kibero GmbH
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Litron Lasers Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Opotek LLC
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Photosound Technologies Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Seno Medical Instruments
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Tomowave Laboratories Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Photoacoustic Imaging Market: Major Drivers and Challenges
Figure 2: Global: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Photoacoustic Imaging Market: Breakup by Product (in %), 2022
Figure 5: Global: Photoacoustic Imaging Market: Breakup by Indication (in %), 2022
Figure 6: Global: Photoacoustic Imaging Market: Breakup by Application (in %), 2022
Figure 7: Global: Photoacoustic Imaging Market: Breakup by End Use (in %), 2022
Figure 8: Global: Photoacoustic Imaging Market: Breakup by Region (in %), 2022
Figure 9: Global: Photoacoustic Imaging (Imaging Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Photoacoustic Imaging (Imaging Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Photoacoustic Imaging (Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Photoacoustic Imaging (Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Photoacoustic Imaging (Contrast Agents) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Photoacoustic Imaging (Contrast Agents) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Photoacoustic Imaging (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Photoacoustic Imaging (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Photoacoustic Imaging (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Photoacoustic Imaging (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Photoacoustic Imaging (Oncology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Photoacoustic Imaging (Oncology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Photoacoustic Imaging (Cardiology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Photoacoustic Imaging (Cardiology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Photoacoustic Imaging (Neurology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Photoacoustic Imaging (Neurology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Photoacoustic Imaging (Hematology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Photoacoustic Imaging (Hematology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Photoacoustic Imaging (Other Indications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Photoacoustic Imaging (Other Indications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Photoacoustic Imaging (Pre-Clinical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Photoacoustic Imaging (Pre-Clinical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Photoacoustic Imaging (Clinical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Photoacoustic Imaging (Clinical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Photoacoustic Imaging (Hospital and Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Photoacoustic Imaging (Hospital and Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Photoacoustic Imaging (Research Institution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Photoacoustic Imaging (Research Institution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Photoacoustic Imaging (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Photoacoustic Imaging (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Photoacoustic Imaging Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Photoacoustic Imaging Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Photoacoustic Imaging Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Photoacoustic Imaging Industry: SWOT Analysis
Figure 89: Global: Photoacoustic Imaging Industry: Value Chain Analysis
Figure 90: Global: Photoacoustic Imaging Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Photoacoustic Imaging Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Photoacoustic Imaging Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Photoacoustic Imaging Market Forecast: Breakup by Indication (in Million US$), 2023-2028
Table 4: Global: Photoacoustic Imaging Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Photoacoustic Imaging Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 6: Global: Photoacoustic Imaging Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Photoacoustic Imaging Market: Competitive Structure
Table 8: Global: Photoacoustic Imaging Market: Key Players

Companies Mentioned

  • Advantest Corporation
  • Ekspla (EKSMA group)
  • Fujifilm Visualsonics Inc.
  • illumiSonics Inc.
  • InnoLas Laser GmbH
  • iThera Medical GmbH
  • kibero GmbH
  • Litron Lasers Ltd.
  • Opotek LLC
  • Photosound Technologies Inc.
  • Seno Medical Instruments
  • Tomowave Laboratories Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages141
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 84.1 Million
Forecasted Market Value ( USD ) by 2028 $ 209.2 Million
Compound Annual Growth Rate16.4%
Regions CoveredGlobal
No. of Companies Mentioned12

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