The biomedical imaging technology known as photoacoustic microscopy, which has great spatial resolution and detection sensitivity in deep tissue, is quickly gaining popularity. The Photoacoustic Microscopy Market is anticipated to be driven by improvements in imaging techniques over the past few years, as well as increased resolution and sensitivity. The market for photoacoustic microscopy is stimulated by the development of new imaging techniques and sophisticated probes for the non-invasive monitoring of physiological and pathological processes in deep tissue.
The market for photoacoustic microscopy is anticipated to grow as a result of the development of novel non-invasive biomedical imaging techniques based on the use of laser-generated acoustic waves for visualising the internal function and structure of soft tissues. One of the factors driving the photoacoustic microscopy market is the expanding use of photoacoustic microscopy in fields like cancer. The market for photoacoustic microscopy will be hampered by the high cost of the technology and a lack of knowledge in developing and underdeveloped nations.
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The market for photoacoustic microscopy is anticipated to reach US$ 490 million in sales by 2032, up from US$ 86 million in 2022, with a CAGR of 18.5% over the forecast period (2022-2032).
Photoacoustic Microscopy is a hybrid in-vivo imaging technique that uses the photoacoustic effect to detect optical difference. The optical absorption coefficient of the tissue being photographed in photoacoustic microscopy provides picture contrast. High resolution and greater penetration of photoacoustic microscopy aid in the distinction of healthy and sick tissue. The advantages of photoacoustic microscopy over current imaging methods are numerous.
Numerous uses of photoacoustic microscopy include locating and identifying diseased tissues. To recognise and define pathology, as well as to track treatment, photoacoustic microscopy is also used in therapeutic applications. With the addition of a laser to the ultrasound hardware systems, photoacoustic microscopy is possible to measure photoacoustic waves in addition to ultrasound pulse-echo waves. An ultrasound transducer that records measurements from the material is used in photoacoustic microscopy, which uses an inverted optical microscope.
Photoacoustic Microscopy: Region-wise Outlook
The North America is expected to contribute to a major share in the global photoacoustic microscopy market owing to presence of major manufacturer operating in the Photoacoustic Microscopy. Furthermore, growing prevalence of cancer which increase research and development expected to show significant increase in the revenue share of the photoacoustic microscopy market. Europe is expected to contribute second largest share in the global photoacoustic microscopy market with a significant growth owing to adoption of technologically advanced medical imaging devices and advanced healthcare infrastructure.
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Asia Pacific market is mainly driven by the factors such as increasing patient population, increasing prevalence of infectious disease and growing adoption of new techniques, increasing investment on healthcare. China is expected to register rapid growth in the Photoacoustic Microscopy owing to development in the smart photoacoustic imaging approach by using a combination of laser light and ultrasound. Latin America and Middle East & Africa market is expected to slow growth in photoacoustic microscopy market, due to lack of skilled professionals and lack of research funding.
Photoacoustic Microscopy: Key Players
Some of the key players present in the global photoacoustic microscopy market are Kibero GmbH, Verasonics, Inc., Fujifilm Holdings Corporation, among others.
The report covers exhaustive analysis on,
- Photoacoustic Microscopy market Segments
- Photoacoustic Microscopy market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Photoacoustic Microscopy market Size & Forecast 2016 to 2024
- Photoacoustic Microscopy market Current Trends/Issues/Challenges
- Competition & Companies involved
- Photoacoustic Microscopy market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific Excluding China
- China
- Middle East & Africa
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Photoacoustic Microscopy: Segmentation
The global photoacoustic microscopy market is segmented on basis of method type, application, end user, and geography.
Segmentation by Method
- Reconstruction-based Photoacoustic Computed Tomography
- Scanning-based Photoacoustic Microscopy
Segmentation by Application
- Oncology
- Vascular disease
- Skin Disorders
- Others
Segmentation by End User
- Hospitals
- Cancer Research Institutes
- Diagnostic Laboratories
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