The current COVID-19 pandemic is expected to have an effect on the growth of the photoacoustic imaging industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the photoacoustic imaging sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall photoacoustic imaging industry
Issue helps to address a wide spectrum of PA imaging techniques, primarily targeting on latest advances in light sources along with its delivery methods, w1hich makes detection strategies which help maintain affordable PA imaging solutions.
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Market Scope:
One of the report’s central components is the broad photoacoustic imaging market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the photoacoustic imaging market players.
According to our analysts, it is forecasted to touch the USD 241 million by 2022. A steep increase in the growth curve has been prevalent from 2018, mainly because of the launch of clinical products that were approved in 2017, like the Imagio system from Seno Medical Instruments, US. The primary application areas that are likely to benefit from clinical products are cardiovascular diagnostics, cancer research, brain imaging, therapy monitoring, dermatology and drug developments..
Key Highlights From The Report.
In June, 2020, Fujifilm VisualSonics Inc., a subsidiary of FUJIFILM SonoSite, Inc. launched the first of its kind ultra high to low frequency ultrasound imaging system equipped with a frequency range from 71-1 MHz. With an open and configurable architecture, this product is specifically targeted towards scientific research community.
The highly going incidence of chronic disorders like cardiovascular diseases and cancer is pressing the utilization of non-invasive and real-time diagnostic methods for detection. When it is compared to traditional ultrasound, the technology is emerging as a crucial diagnostic approach for the detecting as well as managing chronic disorders easy. This is mainly because of its efficiency in the functional characterization of living tissues, the growing demand for PA is increasing in clinical as well as preclinical research favorably for the initial detection of cancer as well as the abnormalities in cardiovascular diseases and microcirculation.
Attributing to the recent technological advancements, the established and emerging manufacturers in the market, are also developing and offering innovative photoacoustic imaging solutions. Furthermore, because of the potential usage in humans, research is underway to develop and produce novel clinical photoacoustic imaging solutions.
Key participants include illumiSonics Inc., Seno Medical Instruments Inc InnoLas Laser GmbH, FUJIFILM VisualSonics Inc., kibero, iThera Medical GmbH, PhotoSound Technologies Inc., PA Imaging, and Teem Photonics among others.
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For the purpose of this report, Emergen Research has segmented into the global Photoacoustic Imaging Market on the product, end user, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Imaging Systems
- Lasers
- Transducers
- Contrast Agents
- Software
End User Outlook (Revenue, USD Billion; 2017-2027)
- Research Institutions
- Hospitals and Clinics
Application Outlook (Revenue, USD Billion; 2017-2027)
- Oncology
- Cardiology
- Neurology
- Hematology
- Others
Key Points of photoacoustic imaging Market:
Extensive coverage of the analysis of the photoacoustic imaging market
Key insights into the regional spread of the industry in key geographies
Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the photoacoustic imaging market
Complete data about the key manufacturers and vendors in the photoacoustic imaging market
Read More: https://www.emergenresearch.com/industry-report/photoacoustic-imaging-market
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