The photoacoustic imaging market is expected to gain market growth in the forecast period of 2021 to 2028. Rising research work in the fields of non-ionizing radiation for imaging is boosting the market.
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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.
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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.
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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.
