In 2022, the global Photoacoustic Tomography Market is expected to be worth US$79.2 million. According to the report, photoacoustic tomography sales are expected to grow at a CAGR of 13.60% to US$ 320.9 million by 2032.
The growth of the cloud-based sector of the market is massively being fueled by surging healthcare costs and the widespread use of cloud computing. Governments across Europe are taking significant steps to encourage the expansion of healthcare IT.
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Photoacoustic tomography is emerging as a game-changer in the realm of medical imaging. It is a non-invasive hybrid imaging technique that ingeniously combines acoustic detection with optical excitation to deliver high-resolution, high-contrast images with the ability to penetrate deep into biological tissues. Unlike traditional imaging methods, photoacoustic tomography eliminates the need for excising tissue or exposing patients to ionizing radiation. This groundbreaking technology operates on the photoacoustic effect, effectively converting absorbed optical energy into acoustic energy.
The rising awareness about the critical importance of early-stage cancer detection has spurred the adoption of photoacoustic tomography. By enabling medical professionals to visualize biological tissues with exceptional clarity and depth, this innovative technique holds the potential to revolutionize cancer diagnosis and treatment.
With this remarkable growth trajectory, the photoacoustic tomography market is set to play a pivotal role in the future of medical imaging, offering healthcare providers and researchers an invaluable tool to enhance patient care and advance our understanding of the human body.
Key Players
Some of the key players in the photoacoustic tomography market are Advantest Corporation; Fujifilm VisualSonics Inc., Seno Medical, PreXion, iThera Medical GmbH, InnoLas Laser GmbH, OPOTEK LLC, CYBERDYNE INC., TomoWave Laboratories, Inc., Aspectus GmbH, Endra, Inc., and others.
Market players have adopted strategies such as product approvals, product launches, market initiatives, and mergers and acquisitions. For example, in June 2020, FUJIFILM VisualSonics Inc, a subsidiary of FUJIFILM SonoSite, Inc, launched Vevo F2, the world’s first ultra-high-to-low-frequency ultrasound imaging system with a frequency range of 71-1 MHz.
In February 2022, FUJIFILM VisualSonics Inc and PIUR IMAGING, the European giant in tomographic ultrasound imaging, partnered to introduce UHF, which is a three-dimensional (3D) ultrasound imaging technology to researchers and clinicians.
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Key Segments of the Photoacoustic Tomography Market
By Type:
- Photoacoustic Microscopy
- Intravascular Photoacoustic Tomography
- Others
By Application:
- Functional Brain Imaging
- Tumor Angiogenesis
- Methemoglobin Measuring
- Blood Oxygenation Mapping
- Skin Melanoma Detection
- Others
By End User:
- Hospitals
- Diagnostic Imaging Centres
- Academic & Research Institutes
- Others
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- Asia Pacific
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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