Photoacoustic Imaging Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Dec 2020
  • Pages: 120
  • SKU: IRTNTR46576
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The photoacoustic imaging market size has the potential to grow by USD 84.45 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.92%. 

This report provides a detailed analysis of the market by application (pre-clinical, clinical, and analytics), geography (Asia, Europe, North America, and ROW), and key vendors. 

Market Overview

Photoacoustic-Imaging-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • accela sro
  • Canon Inc.
  • ENDRA Life Sciences Inc.
  • FUJIFILM Holdings Corp.
  • illumiSonics Inc.
  • iThera Medical GmbH
  • kibero GmbH
  • Luxonus Inc.
  • PA Imaging R&D BV
  • Vibronix Inc.

 

The photoacoustic imaging market is concentrated and the vendors are deploying growth strategies such as establishing partnerships and alliances with global companies operating in the healthcare industry to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the increase in the number of non-communicable diseases to achieve growth opportunities. However, factors such as high investment, equipment, and installation costs will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the photoacoustic imaging market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This photoacoustic imaging market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. 

Photoacoustic Imaging Market: Key Drivers and Trends

  • The increasing number of non-communicable diseases is one of the primary growth factors for the photoacoustic imaging market.
  • Unhealthy eating habits, smoking and alcohol consumption, and lack of physical exercise are resulting in the growing incidences of chronic diseases.
  • Sedentary lifestyles, unbalanced diet, and urbanization is increasing the number of patients suffering from diabetes and patients in healthcare facilities.
  • The growing prevalence of chronic diseases is influencing the demand for advanced healthcare facilities, such as photoacoustic imaging. 
  • The growing number of skin and eye disorders is identified as one of the key photoacoustic imaging market trends.
  • Photoacoustic imaging is applied in the treatment of a wide range of medical applications such as the screening of different disorders of neurons, eyes, and skin.
  • It has been observed that skin cancer is the most common occurrence in developed regions such as the US.
  • Incidences of eye disorders and infections are increasing.
  • Photoacoustic imaging is used in the molecular spectroscopy and cellular imaging of cancer and examining the ocular structures of the eyes.

 

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Photoacoustic Imaging Market: Segmentation by Geography

Photoacoustic-Imaging-Market-Market-Share-by-Region-2020-2025

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44% of the market’s growth will originate from North America during the forecast period. The US is a key market for photoacoustic imaging in North America. However, market growth in this region will be slower than the growth of the market in Asia.

The high adoption of medical imaging among end-users such as hospitals, clinics, and other healthcare service providers will facilitate the photoacoustic imaging market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Photoacoustic Imaging Market: Segmentation by Application

Photoacoustic-Imaging-Market-Market-Share-by-Application-2020-2025

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The global pharmaceutical industry is witnessing a high growth rate, owing to the launch of new drugs in the US, the reduction in the prices of drugs, and the high investments in identifying new drugs that can cure new and rare diseases. This is expected to drive the demand for photoacoustic imaging, as it is increasingly used to monitor drug efficiency, particularly before the delivery and release of drugs. Moreover, the increasing number of pre-clinical research and the growing investments by contract research organizations (CRO) for research purposes will lead to the growth of the pre-clinical segment during the forecast period. However, the photoacoustic imaging market share growth by the pre-clinical segment will be slower than the clinical and analytics segments.    

This report provides an accurate prediction of the contribution of all the segments to the growth of the photoacoustic imaging market size. Fetch actionable market insights on post COVID-19 impact on each segment.   

 

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Photoacoustic Imaging Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive photoacoustic imaging market growth during the next five years
  • Precise estimation of the photoacoustic imaging market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the photoacoustic imaging industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of photoacoustic imaging market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces analysis
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Pre-clinical - Market size and forecast 2020-2025
    • Clinical - Market size and forecast 2020-2025
    • Analytics - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer Landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive scenario
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • accela sro
      • Canon Inc.
      • ENDRA Life Sciences Inc.
      • FUJIFILM Holdings Corp.
      • illumiSonics Inc.
      • iThera Medical GmbH
      • kibero GmbH
      • Luxonus Inc.
      • PA Imaging R&D BV
      • Vibronix Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The photoacoustic imaging market growth will increase by $84.45 million during 2020-2025.
      The photoacoustic imaging market is expected to grow at a CAGR of 7.92% during 2020-2025.
      Technavio has segmented the photoacoustic imaging market by application (Pre-clinical, Clinical, and Analytics) and geographic (North America, Europe, Asia, and ROW).
      accela sro, Canon Inc., ENDRA Life Sciences Inc., FUJIFILM Holdings Corp., illumiSonics Inc., iThera Medical GmbH, kibero GmbH, Luxonus Inc., PA Imaging R&D BV, Vibronix Inc. are a few of the key vendors in the photoacoustic imaging market.
      North America will register the highest growth rate of 43.60% among the other regions. Therefore, the photoacoustic imaging market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the photoacoustic imaging market growth are:
      • Increase in the number of non-communicable diseases
      The photoacoustic imaging market vendors should focus on grabbing business opportunities from the pre-clinical segment as it accounted for the largest market share in the base year.
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