Worldwide Photoacoustic Tomography Industry to 2028 - Rising use of Photoacoustic Tomography in Clinical Research Presents Opportunities

DUBLIN, June 1, 2022 /PRNewswire/ -- The "Photoacoustic Tomography Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Geometry, Type, Application and End User" report has been added to ResearchAndMarkets.com's offering.

The photoacoustic tomography market is projected to reach US$ 209.56 million by 2028 from US$ 61.12 million in 2021; it is expected to grow at a CAGR of 19.2% from 2021 to 2028.

Cancer significantly impacts societies across the world. According to the estimates of the National Institute of Cancer, ~1,806,590 people were diagnosed with cancer in the US in 2020, and ~606,520 people died from cancer in that year. According to the American Institute of Cancer Research, in 2020, ~18.1 Thousands cases were active worldwide.

Furthermore, World Health Organization (WHO) stated that ~10 Thousands deaths, or 1 in 6 deaths globally, were due to cancer. Cancer is considered one of the major causes of death worldwide. Lung cancer, breast cancer, colon cancer, rectum cancer, and prostate cancer are among the most common types of cancer. According to WHO, every year, ~400,000 children are diagnosed with cancer and ~13% of cancers were diagnosed in 2018 globally due to carcinogenic infections, including Helicobacter pylori, hepatitis B virus, human papillomavirus (HPV), hepatitis C virus, and Epstein-Barr virus.

The diagnosis of cancer during early stages substantially boosts the cure rate, decreases recurrence rate, and reduces healthcare costs. Over the past few decades, the continual development of medical imaging modalities has been an important factor in diagnosing cancer, selecting therapies, and monitoring treatment response. Photoacoustic tomography (PAT) is a hybrid imaging modality combining optical contrast from absorption of light with the outstanding spatiotemporal resolution of ultrasound imaging, providing biomedical morphologic and functional information on early-stage cancer.

Through the combination of US (ultrasound) and PA (photoacoustic) tomography, it is possible to obtain information on the anatomical, functional, and molecular content of diseased tissues. PA tomography in cancer diagnosis relies on the enhanced optical absorption of tumors and the relatively high optical transparency of normal tissues, in addition to low acoustic distortion and attenuation of tissues. Therefore, the accuracy of photoacoustic tomography in the detection of cancer tissues, in addition to the increase in the prevalence of cancer, is driving the growth of the photoacoustic tomography market. However, the high cost of instruments and disadvantages of photoacoustic tomography are hindering the market growth.

Photoacoustic imaging (or optoacoustic imaging) is an emerging biomedical imaging modality utilizing the benefits of optical resolution and acoustic depth of penetration. With its capability to offer structural, functional, molecular, and kinetic information of either endogenous contrast agents, such as hemoglobin, lipid, melanin, and water; a variety of exogenous contrast agents; or both, the PAI (Photoacoustic Imaging) has demonstrated promising potential in a wide range of preclinical and clinical applications.

In addition to the currently popular area of clinically relevant PAI developments, there are fields of biomedical diagnostics, where the unique capabilities of PAI provide it an edge over the existing, established imaging methods; in some cases, PAI adds additional, previously unachievable diagnostic information to already existing imaging techniques in a multimodal imaging system. Thus, the benefits of PAI over traditional imaging techniques are providing opportunities for the growth of the photoacoustic tomography market players.

FUJIFILM VisualSonics Inc.; TomoWave Laboratories, Inc.; Advantest Corporation; kibero; Seno Medical Instruments; iThera Medical GmbH; Aspectus GmbH; OPOTEK LLC.; CYBERDYNE Inc.; and InnoLas Laser GmbH are among the leading companies operating in the photoacoustic tomography market. Product launches, product approvals, mergers and acquisitions, and market initiatives are a few strategies adopted by the companies. For instance, 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.

The photoacoustic tomography market is segmented on the basis of geometry, type, application, end user, and geography. Based on geometry, the market is segmented into planar, spherical, and cylindrical. On the basis of type, the photoacoustic tomography market is divided into intravascular photoacoustic tomography,photoacoustic microscopy, and others. Based on application, the photoacoustic tomography market is segmented into tumor angiogenesis monitoring, blood oxygenation mapping, functional brain imaging, skin melanoma detection, methemoglobin measuring, and others.

Based on end user, the market is segmented into hospitals, diagnostics imaging centers, academic & research institutes, and others. By geography, the photoacoustic tomography market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the photoacoustic tomography market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global photoacoustic tomography market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

Key Topics Covered:

1. Introduction

2. Global Photoacoustic Tomography Market - Key Takeaways

3. Research Methodology

4. Photoacoustic Tomography Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South and Central America PEST Analysis
4.3 Experts Opinion

5. Photoacoustic Tomography Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Prevalence of Cancer
5.1.2 Growing Instances of Cardiovascular Diseases
5.2 Market Restraints
5.2.1 Disadvantages of Photoacoustic Tomography (PAT)
5.3 Market Opportunities
5.3.1 Rising use of Photoacoustic Tomography in Clinical Research
5.4 Future Trends
5.4.1 Rising Deep Learning Photoacoustic Tomography
5.5 Impact Analysis

6. Photoacoustic Tomography Market - Global Analysis
6.1 Global Photoacoustic Tomography Market Revenue Forecast and Analysis
6.2 Global Photoacoustic Tomography Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players

7. Global Photoacoustic Tomography Market Revenue and Forecasts To 2028- by Geometry
7.1 Overview
7.2 Photoacoustic Tomography Market Revenue Share, by Geometry (2021 and 2028)
7.3 Planar
7.3.1 Overview
7.3.2 Planar: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousand)
7.4 Cylindrical
7.4.1 Overview
7.4.2 Cylindrical: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
7.5 Spherical
7.5.1 Overview
7.5.2 Spherical: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)

8. Photoacoustic Tomography Market Analysis and Forecast to 2028 - By Type
8.1 Photoacoustic Tomography Market Revenue Share, by Type (2021 and 2028)
8.2 Intravascular Photoacoustic Tomography
8.2.1 Overview
8.2.2 Intravascular Photoacoustic Tomography: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
8.3 Photoacoustic Microscopy
8.3.1 Overview
8.3.2 Photoacoustic Microscopy: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
8.4 Others
8.4.1 Overview
8.4.2 Others: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)

9. Photoacoustic Tomography Market Analysis and Forecast to 2028 - By Application
9.1 Photoacoustic Tomography Market Revenue Share, by Application (2021 and 2028)
9.2 Tumor Angiogenesis Monitoring
9.2.1 Overview
9.2.2 Tumor Angiogenesis Monitoring: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
9.3 Blood Oxygenation Mapping
9.3.1 Overview
9.3.2 Blood Oxygenation Mapping: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
9.4 Functional Brain Imaging
9.4.1 Overview
9.4.2 Functional Brain Imaging: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
9.5 Skin Melanoma Detection
9.5.1 Overview
9.5.2 Skin Melanoma Detection: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
9.6 Methemoglobin Measuring
9.6.1 Overview
9.6.2 Methemoglobin Measuring: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
9.7 Others
9.7.1 Overview
9.7.2 Others: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)

10. Photoacoustic Tomography Market Analysis - By End User
10.1 Overview
10.2 Photoacoustic Tomography Market Revenue Share, by End User (2021 and 2028)
10.3 Hospitals
10.3.1 Overview
10.3.2 Hospitals: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
10.4 Diagnostics Imaging Centers
10.4.1 Overview
10.4.2 Diagnostics Imaging Centers: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
10.5 Academic and Research Institutes
10.5.1 Overview
10.5.2 Academic and Research Institutes: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)
10.6 Others
10.6.1 Overview
10.6.2 Others: Photoacoustic Tomography Market - Revenue and Forecast to 2028 (US$ Thousands)

11. Photoacoustic Tomography Market Revenue and Forecasts to 2028 - Geographical Analysis

12. Impact Of COVID-19 Pandemic on Photoacoustic Tomography Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.5 South and Central America: Impact Assessment of COVID-19 Pandemic

13. Photoacoustic Tomography Market -Industry Landscape
13.1 Overview
13.2 Growth Strategies in the Photoacoustic Tomography Market
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview

14. Company Profiles
14.1 FUJIFILM Visualsonics,Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 TomoWave Laboratories, Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Advantest Corporation
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 kibero
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Aspectus GmbH
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 iThera Medical GmbH
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 CYBERDYNE INC.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 InnoLas Laser GmbH
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 OPOTEK LLC
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Seno Medical
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments

15. Appendix

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