Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Photoacoustic Tomography Market is Expected to Grow from USD 72.9 Million in 2023 to USD 426.5 Million by 2033, at a CAGR of 19.32% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Photoacoustic Tomography Market Size, Share, and COVID-19 Impact Analysis, By Type (Photoacoustic Microscopy and Intravascular Photoacoustic Tomography), By Application (Functional Brain Imaging, Tumor Angiogenesis, Blood Oxygenation Mapping, Skin Melanoma Detection, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
Photoacoustic tomography (PAT) is a non-invasive imaging modality that integrates laser-induced ultrasound and optical imaging to offer high-resolution images of organs and tissues. PAT uses laser pulses to illuminate tissues, sensing ultrasonic waves created due to tissue absorption and generating high-resolution, real-time images of biological structures at greater depths than in traditional optical imaging. Furthermore, the increasing incidence of chronic diseases is one of the key drivers of the photoacoustic tomography (PAT) market, with the spread of diseases like cancer and cardiovascular diseases continuing to increase around the world. In addition, cardiovascular diseases are still the number one cause of mortality across the world, with a staggering 17.9 million deaths being reported each year, as per WHO reports. This trend highlights the pressing need for next-generation diagnostic technologies that facilitate early diagnosis and precise tracking of these diseases. However, steep upfront expenses related to photoacoustic tomography technology and devices are a major impediment to broad usage, especially for smaller medical centers and research organizations that might not have the capital to invest in such sophisticated imaging devices.
The photoacoustic microscopy segment accounted for the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the type, the global photoacoustic tomography market is divided into photoacoustic microscopy, and intravascular photoacoustic tomography. Among these, the photoacoustic microscopy segment accounted for the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. This is due to its better capacity for high-resolution imaging at the tissue and cellular levels and, therefore, applications like cancer detection, vascular imaging, and tissue characterization. The segment is supported by its capability to offer accurate, non-invasive, and real-time visualization, which is critical in the early diagnosis and monitoring of diseases.
The tumor angiogenesis segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period.
Based on the application, the global photoacoustic tomography market is segmented into functional brain imaging, tumor angiogenesis, blood oxygenation mapping, skin melanoma detection, and others. Among these, the tumor angiogenesis segment held the largest share in 2023 and is estimated to grow at a significant CAGR during the forecast period. This is because of the increasing incidence of cancer and the need for non-invasive imaging methods to investigate tumor vascularization. Photoacoustic tomography offers real-time, high-resolution visualization of blood vessel development in tumors, which helps in early detection of cancer, monitoring of treatment, and drug discovery.
North America is anticipated to hold the largest share of the global photoacoustic tomography market over the predicted timeframe.
North America is anticipated to hold the largest share of the global photoacoustic tomography market over the predicted timeframe. This is fuelled by high healthcare spending, the dominant presence of major market players, and the fast uptake of sophisticated imaging technologies. The region is supported by high investments in cancer research, neuroscience, and diagnostic imaging, as well as favorable government policies and funding for medical innovations.
Europe is estimated to grow at the fastest CAGR of the global photoacoustic tomography market during the forecast period. This is due to the rising use of advanced imaging technologies in clinical and research environments, especially in oncology and neurology. The region enjoys robust healthcare infrastructure, continuous investments in medical imaging innovation, and a heightened emphasis on non-invasive diagnostic techniques.
Company Profiling
Major vendors in the global photoacoustic tomography market are Kibero GmbH, FUJIFILM VisualSonics Inc., Vibronix Inc., Seno Medical Instruments, Advantest Corp., iThera Medical GmbH, TomoWave, Aspectus GmbH, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global photoacoustic tomography market based on the below-mentioned segments:
Global Photoacoustic Tomography Market, By Type
Global Photoacoustic Tomography Market, By Application
Global Photoacoustic Tomography Market, By Regional
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