Photoacoustic Imaging Market Analysis

Photoacoustic Imaging Market Analysis

Photoacoustic tomography imaging market size will reach over USD 130 million in 2032. Photoacoustic tomography is a medical imaging modality that merges the benefits of ultrasound and optical imaging and is widely used in preclinical research and clinical practice. Surging investments in medical imaging technology are contributing to segment expansion. Recent advancements in high-throughput snapshot photoacoustic topography and integration of machine learning for image acquisition and processing are further fueling demand for photoacoustic tomograph systems. 
 

Photoacoustic imaging market from oncology applications will grow at over 15% CAGR from 2023 to 2032. Recent advancements in photoacoustic imaging have made it possible to obtain comprehensive morphofunctional and molecular information on tumors and their microenvironment for improved diagnosis of cancer. Moreover, the imaging modality also helps track the response of tumors to radiation therapy or chemotherapy to analyze the effectiveness of the treatment, which may create a favorable environment for market progress. 
 

North America photoacoustic imaging market size will be more than USD 89 million by 2032. Rising preference for effective patient care through non-invasive disease diagnosis has increased the demand for photoacoustic imaging solutions in the region. Moreover, governments in the region are heavily spending on healthcare infrastructure which is also likely to contribute to regional expansion.