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2021
Photoacoustic Imaging Market

Photoacoustic Imaging Market by Product Type (Imaging Systems, Components, Lasers, Transducers, Contrast Agents, Software, and Others), Application (Photoacoustic Tomography, Photoacoustic Microscopy, Intravascular Photoacoustic Imaging, Pre-clinical, Analytics, and Clinical), and End User (Research Institution, Hospital, Pharmaceutical Companies, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

A13389
Pages: NA
Nov 2021 | 34 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Photoacoustic imaging is a biochemical imaging method which is based on photoacoustic effect. Non-ionizing radiations are delivered into the tissue of specific organism. This leads to conversion of energy into heat causing thermoelastic expansion and ultrasound emission from tissue of organism. This emitted ultrasound waves are get detected by ultrasonic transducers and they analyzed to produce images. This method can be used in detection of physiological properties, such as oxygen saturation and hemoglobin concentration. Moreover, tumor mapping, detecting skin melanoma, functioning of brain, methemoglobun measuring, and others can be monitored with the help of photoacoustic imaging method. 2D and 3D images can be formed with the help of photoacoustic imaging method.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size available for years

  2020-2030

  Base year considered

  2020

  Forecast Period

  2021-2030

  Forecast Unit

  Value(USD)

  Segments Covered

  Product Type, Application, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

EKSPLA, FUJIFILM VisualSonics Inc., illumiSonics Inc., InnoLas Laser GmbH, PhotoSound Technologies Inc., Seno Medical Instruments Inc., Teem Photonics, TomoWave Laboratories Inc., Verasonics Inc., Vibronix Inc., iThera Medical GmbH, kibero GmbH, OPOTEK LLC.

 

COVID-19 Impact Analysis             

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

There has been an increase in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and civil population for precautionary measures, owing to the rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID-19 is expected to have a significant impact on the photoacoustic imaging market.

Top Impacting Factors

  • Surge in rate of non-transmissible diseases, rise in prevalence of eye & skin related diseases, rise in demand for advance imaging methods, increase in awareness regarding early diagnosis procedures, and surge in demand by oncology department are the key factors that drive the growth of the market.
  • In addition, increase in technical advancement in health care industry, emerging economies in developed countries, awareness regarding benefits of using photoacoustic imaging methods, ongoing development of intravascular photoacoustic imaging through R & D activities, and continuous strategic development by key market players such as launch of novel imaging methods can boost the growth of the market.
  • However, high cost of maintenance & installation of photoacoustic imaging devices hinder the growth of the market.
  • Contrarily, growth opportunities in emerging markets expected to offer lucrative opportunities for the expansion of the market.

Market Trends

New Product Launches to Flourish the Market

In 2021, Phtotsound Technologies Inc. announced launch of its multimode imaging device named as moleculUS. This product have Ultrasound & hotoacoustic imaging technology which is used in diagnosis purposes.

In 2020, Fujifilm VisualSonics announced launch of Vevo F2 product. This product is world’s first ultrasound low frequency product which is based upon applications of photoacoustic imaging methods.

Key Segments

Segment

Sub-segment

  Product Type

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

  Application

  • Photoacoustic Tomography
  • Photoacoustic Microscopy
  • Intravascular Photoacoustic Imaging
  • Pre-clinical
  • Analytics
  • Clinical

  End User

  • Research Institution
  • Hospital
  • Pharmaceutical Companies
  • Others

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of photoacoustic imaging market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Photoacoustic Imaging Market Report           

  • Which are the leading players active in the photoacoustic imaging market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is "photoacoustic imaging"?
  • What is "photoacoustic imaging" market prediction in the future?
  • Who are the leading global players in the "photoacoustic imaging" market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the "photoacoustic imaging" market report?
 
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