Photoacoustic Imaging Market
Increasing numbers of cancer cases, increasing acceptance of innovative therapies, increasing
healthcare spending, and increasing ageing population are the reasons responsible for the rise of
photoacoustic imaging around the world.
The global market for photoacoustic photography is divided into imaging devices, applications and other
accessories depending on the device. The segment of software and other accessories is projected to rise
at the highest pace during the forecast period. This is due to developments in technologies that will
allow new and improved components for photoacoustic imaging systems to be introduced.
The global photoacoustic imaging market is classified into pre-clinical and clinical on the basis of use.
The pre-clinical group is expected to be greater over the projected period.
The global demand for photoacoustic imaging is divided into oncology, cardiology and others on the
basis of the indication. The oncology group is anticipated to be the faster rising category during the
The key factors driving the growth of the global market for photoacoustic imagery are:
growing aging population
Increasing Incidence of Chronic Disease
Growing healthcare expenditure
The key factor behind growth in the geriatric population is the rise in life expectancy that results in the
declining mortality rate. Older adults require intensive treatment and, due to their poor immune level
and slower healing time, they are more vulnerable to diseases. The older demographic thus adds
immensely to the development of the market for photoacoustic imaging.
The growth of the global photoacoustic imaging industry may be impeded by costly and high
maintenance costs and tight regulations. Whereas, an increasing pool of pati ents in developing
economies can be used as an opportunity.
Geographically, in the photoacoustic imaging industry, North America is the main revenue contributor.
Verasonics Inc., Vibronix Inc., FUJIFILM Visual