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Photoacoustic Imaging Market Size
- Report ID: GMI5599
- Published Date: May 2023
- Report Format: PDF
Photoacoustic Imaging Market Size
Photoacoustic Imaging Market size was over USD 68 million in 2022. Driven by the surging incidence of chronic diseases globally, the industry is anticipated to grow at over 14% CAGR from 2023 to 2032.
Growing incidences of chronic disorders such as cancer, neurological disorders, cardiac diseases, and others have increased the demand for photoacoustic imaging systems to diagnose non-invasive diseases. As per the American Cancer Society, in 2023, an estimated 1.9 million new cases of cancer are projected to be diagnosed in the U.S. alone.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Photoacoustic Imaging Market Size in 2022: | USD 68 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 14% |
| 2032 Value Projection: | USD 251 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 380 |
| Tables, Charts & Figures: | 388 |
| Segments covered: | Product, Type, Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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However, prohibitive cost of advanced photoacoustic imaging systems may restrict photoacoustic imaging market growth to some extent. Specialized components and complex technology used in developing such imaging systems add to the cost of final product. Moreover, these devices can only be used by skilled medical practitioners, which may further limit production scale and pose challenges to mass adoption.
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Photoacoustic Imaging Market Scope
