Photoacoustic Microscopy Systems Market Size | Forecast 2030
Photoacoustic Microscopy Systems Market Size | Forecast 2030
Segments - Photoacoustic Microscopy Systems Market by Types (Hardware Devices and Software Systems), Application (Hospitals, Diagnostic Centers, and Research Centers), Indications (Oncology, Neurology, Ophthalmology, Dermatology, and Pathology), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :HC-646
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| 185 Pages
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Report Description
The global photoacoustic microscopy systems market is projected to expand at a CAGR of 40% during the forecast period, 2021-2028. The growth of the market is attributed to increasing demand for early diagnosis tests and preventive medicine across the globe.
Photoacoustic microscopy is used for mapping microvasculature networks in biological tissues. During the mapping, the short-pulsed laser light is absorbed by biological tissues and is converted into transient heating, which is further converted into an ultrasonic wave due to thermoelastic expansion. The detection of the ultrasonic wave yields a tomographic image.
Imaging devices play a vital role in the healthcare industry as they are used for early detection of disease and can lead to improved diagnostics and treatment. Imaging systems, including photoacoustic microscopy systems, aid physicians to follow up with the patients and monitor their medical condition on a regular basis. Photoacoustic microscopy systems are also used in cancer detection.
Market Drivers, Restraints, Trends, and Opportunities
- Increasing geriatric population is driving the market growth. As per the World Population Aging report, published in 2019, the total population of the people in the age bracket 65 years and above is predicted to rise from 703 million to 1.5 billion by 2050. This is expected to massively push up the requirement for photoacoustic imaging as the geriatric people are highly vulnerable to various diseases owing to their low immunity levels.
- High installation, service, and maintenance cost of these systems are the major restraints of the market.
- Growing importance of tele-imaging for early diagnosis of diseases is anticipated to positively influence the market growth.
Scope of the Report
The report on the global photoacoustic microscopy systems market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Photoacoustic Microscopy Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Types (Hardware Devices and Software Systems), Applications (Hospitals, Diagnostic Centers, and Research Centers), Indications (Oncology, Neurology, Ophthalmology, Dermatology, and Pathology) |
| Regional Scope | North America, Latin America, Europe, Asia Pacific, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | FUJIFILM VisualSonics Inc., EKSPLA, InnoLas Laser GmbH, illumiSonics Inc., Seno Medical Instruments Inc., PhotoSound Technologies Inc., TomoWave Laboratories Inc., Teem Photonics, Vibronix Inc., Verasonics Inc., kibero GmbH, iThera Medical GmbH, PA Imaging R&D B.V., and OPOTEK LLC. |
Global Photoacoustic Microscopy Systems Market Insights
Software systems to exhibit a high CAGR
Based on types the market is segmented into hardware devices and software systems. The software segment is anticipated to account exhibit a high CAGR during the forecast period. This is owing to ongoing technological advancements that would allow for the launch of improved components for photoacoustic imaging systems. For instance, software tools with the digital radio frequency (RF)-mode export enables multispectral photoacoustic analysis of photoacoustic imaging agents and to detect sentinel lymph.
Research centers segment to grow at a rapid rate
Based on applications, the market is segregated into hospitals, diagnostic centers, and research centers. The research centers segment is anticipated to grow at a rapid rate owing to high resolution ultrasound and photoacoustic imaging of single cells provided by the photoacoustic microscopy systems. The diagnostic centers and hospitals segments is projected to grow at a steady growth during the forecast period.
Oncology segment to account a large market share
Based on indications, the market is segregated as oncology, neurology, ophthalmology, dermatology, and pathology. The oncology segment is projected to account for a large market share during the forecast period. This can be mainly attributed to the increasing usage of photoacoustic microscopy imaging systems for cancer diagnosis, mainly breast cancer. Photoacoustic imaging plays a significant role in breast screening, diagnosis, staging and monitoring of therapeutic interventions.
North America to dominate the market
In terms of regions, the market is segregated into North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America held dominant position in the photoacoustic microscopy systems market in 2020. The regional market growth is primarily attributed to the increasing incidence of chronic diseases, rising geriatric population, and surging healthcare expenditure. For Instance, according to the United Nations (UN) World Population Ageing report, in 2019, in North America, there were 59.9 million people aged 65 years and above, and this number is projected to rise to 80.2 million by 2030. The market in Asia Pacific is anticipated to grow at a healthy rate owing to rising prevalence of cancer, rising healthcare expenditure, and increasing investments by public and private organizations.
Segments
Segments Covered in the ReportThe global photoacoustic microscopy systems market has been segmented on the basis of
Type
- Hardware Devices
- Software System
- Hospitals
- Diagnostic Centers
- Research Centers
- Oncology
- Neurology
- Ophthalmology
- Dermatology
- Pathology
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- FUJIFILM VisualSonics Inc.
- EKSPLA
- InnoLas Laser GmbH
- illumiSonics Inc.
- Seno Medical Instruments Inc.
- PhotoSound Technologies Inc.
- TomoWave Laboratories Inc.
- Teem Photonics
- Vibronix Inc.
- Verasonics Inc.
- kibero GmbH
- iThera Medical GmbH
- PA Imaging R&D B.V.
- OPOTEK LLC.
Competitive Landscape
The key players in the global photoacoustic microscopy systems market are FUJIFILM VisualSonics Inc., EKSPLA, InnoLas Laser GmbH, illumiSonics Inc., Seno Medical Instruments Inc., PhotoSound Technologies Inc., TomoWave Laboratories Inc., Teem Photonics, Vibronix Inc., Verasonics Inc., kibero GmbH, iThera Medical GmbH, PA Imaging R&D B.V., and OPOTEK LLC.
Companies are focusing on providing superior customer service to acquire a large consumer base. They are indulging in mergers and acquisitions to improve their product offerings.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Photoacoustic Microscopy Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Photoacoustic Microscopy Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Photoacoustic Microscopy Systems Market - Supply Chain
4.5. Global Photoacoustic Microscopy Systems Market Forecast
4.5.1. Photoacoustic Microscopy Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Photoacoustic Microscopy Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Photoacoustic Microscopy Systems Market Absolute $ Opportunity
5. Global Photoacoustic Microscopy Systems Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Photoacoustic Microscopy Systems Market Size and Volume Forecast by Types
5.3.1. Hardware Devices
5.3.2. Software System
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Photoacoustic Microscopy Systems Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Photoacoustic Microscopy Systems Market Size and Volume Forecast by Applications
6.3.1. Hospitals
6.3.2. Diagnostic Centers
6.3.3. Research Centers
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Photoacoustic Microscopy Systems Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Photoacoustic Microscopy Systems Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Photoacoustic Microscopy Systems Demand Share Forecast, 2019-2026
8. North America Photoacoustic Microscopy Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Photoacoustic Microscopy Systems Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Photoacoustic Microscopy Systems Market Size and Volume Forecast by Types
8.4.1. Hardware Devices
8.4.2. Software System
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Photoacoustic Microscopy Systems Market Size and Volume Forecast by Applications
8.7.1. Hospitals
8.7.2. Diagnostic Centers
8.7.3. Research Centers
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Photoacoustic Microscopy Systems Demand Share Forecast, 2019-2026
9. Latin America Photoacoustic Microscopy Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Photoacoustic Microscopy Systems Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Photoacoustic Microscopy Systems Market Size and Volume Forecast by Types
9.4.1. Hardware Devices
9.4.2. Software System
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Photoacoustic Microscopy Systems Market Size and Volume Forecast by Applications
9.7.1. Hospitals
9.7.2. Diagnostic Centers
9.7.3. Research Centers
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Photoacoustic Microscopy Systems Demand Share Forecast, 2019-2026
10. Europe Photoacoustic Microscopy Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Photoacoustic Microscopy Systems Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Photoacoustic Microscopy Systems Market Size and Volume Forecast by Types
10.4.1. Hardware Devices
10.4.2. Software System
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Photoacoustic Microscopy Systems Market Size and Volume Forecast by Applications
10.7.1. Hospitals
10.7.2. Diagnostic Centers
10.7.3. Research Centers
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Photoacoustic Microscopy Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Photoacoustic Microscopy Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Photoacoustic Microscopy Systems Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Photoacoustic Microscopy Systems Market Size and Volume Forecast by Types
11.4.1. Hardware Devices
11.4.2. Software System
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Photoacoustic Microscopy Systems Market Size and Volume Forecast by Applications
11.7.1. Hospitals
11.7.2. Diagnostic Centers
11.7.3. Research Centers
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Photoacoustic Microscopy Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Photoacoustic Microscopy Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Photoacoustic Microscopy Systems Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Photoacoustic Microscopy Systems Market Size and Volume Forecast by Types
12.4.1. Hardware Devices
12.4.2. Software System
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Photoacoustic Microscopy Systems Market Size and Volume Forecast by Applications
12.7.1. Hospitals
12.7.2. Diagnostic Centers
12.7.3. Research Centers
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Photoacoustic Microscopy Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Photoacoustic Microscopy Systems Market: Market Share Analysis
13.2. Photoacoustic Microscopy Systems Distributors and Customers
13.3. Photoacoustic Microscopy Systems Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. FUJIFILM VisualSonics Inc.
13.4.2. EKSPLA
13.4.3. InnoLas Laser GmbH
13.4.4. illumiSonics Inc.
13.4.5. Seno Medical Instruments Inc.
13.4.6. PhotoSound Technologies Inc.
13.4.7. TomoWave Laboratories Inc.
13.4.8. Teem Photonics
13.4.9. Vibronix Inc.
13.4.10. Verasonics Inc.
Methodology
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