光音響イメージング市場 : 2029年までの世界予測

Photoacoustic Imaging Market - Global Forecasts to 2029

光音響イメージング市場 : 製品(イメージングシステム、トランスデューサー、ソフトウェア、アクセサリ)、テクノロジー(顕微鏡、断層撮影)、タイプ(前臨床、臨床)、用途(腫瘍学、神経)、エンドユーザー(病院、学術界)、地域 - 2029年までの世界予測
Photoacoustic Imaging Market by Product (Imaging System, Transducer, Software, Accessories), Technology (Microscopy, Tomography), Type (Preclinical, Clinical), Application (Oncology, Neuro), End User (Hospitals, Academia) & Region Global Forecast to 2029
出版年月2024年7月
ページ数167
図表数168
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global photoacoustic imaging market is projected to reach USD 105 million by 2029 from USD 80 million in 2024, at a CAGR of 5.5% during the forecast period of 2024 to 2029.

世界の光音響イメージング市場は、2024年から2029年の予測期間中に5.5%のCAGRで、2024年の8,000万米ドルから2029年までに1億500万米ドルに達すると予測されています。

光音響イメージング市場 : 2029年までの世界予測

The market is experiencing an upward trend driven by an increase in pre-clinical and clinical research activities and technological advancements that enhance efficiency. Even with challenges such as a shortage of skilled personnel and the high cost of implementing photoacoustic imaging are impeding market growth.

“The imaging system segment to hold the largest share and growth over the forecast period of the market by 2029.”
The global photoacoustic imaging market has been classified into three major segments based on type: imaging systems, transducers, software and accessories. By product, imaging systems will hold a major market share in 2023. The primary driver behind the sector’s rapid expansion is the increasing adoption of imaging systems for assessing image quality.

光音響イメージング市場 : 2029年までの世界予測 ecosystem

“The software segment is projected to register the highest CAGR during the forecast period”
Photoacoustic imaging services are offered to support the implementation of the Quality by Design (QbD) framework. These services include various software solutions such as imaging software, regulatory compliance tools, and process management systems. The software sector is anticipated to experience significant growth, fueled by the rising demand for services crucial to developing imaging solutions and research applications.

“In terms of application, the veterinary segment held the largest share of the market in 2023”
Based on application, the photoacoustic imaging market is broadly segmented into oncology, hematology, veterinary, and other applications. The oncology segment commanded the largest share of the market in 2023. Strict regulation in research and safety, along with the primary drivers behind the expansion of this sector, significantly enhances the efficiency and effectiveness of imaging systems. Moreover, increased efforts in research and expanded production to meet the growing demand for medicine are substantial contributors to this growth.

“In terms of end-users, academic & research institutes segment held the largest share of the market in 2023”
Based on end-users, the photoacoustic imaging market is broadly segmented into hospitals and imaging centers, academic & research institutes. the academic & research institutes commanded the largest share of the market in 2023. Research institutes and academic institutions are crucial in advancing photoacoustic imaging technologies by leading fundamental and applied research initiatives.

“The market in the Asia Pacific region is anticipated to witness the highest growth during the forecast period.”
China is the key market in the Asia Pacific region. The region’s significant growth is fueled by the strategic growth initiatives of major market players in emerging Asian countries, the development of hospitals and imaging centers in India, Korea, Singapore, and China, and the organization of conferences, exhibitions, and meetings focused on imaging systems.

A breakdown of the primary participants referred to for this report is provided below:
• By Company Type: Tier 1– 30%, Tier 2– 42%, and Tier 3– 28%
• By Designation: C-level- 14%, D-level–10%, and Others–76%
• By Region: North America–40%, Europe–30%, Asia Pacific–22%, Rest of World–08%.

光音響イメージング市場 : 2029年までの世界予測 region

The prominent players in the photoacoustic imaging market are Fujifilm Corporation (Japan), iThera Medical GmbH (Germany), Advantest Corporation (Japan), Cyberdyne, Inc. (Japan), illumiSonics Inc., (Canada), TomoWave Laboratories, Inc. (US), PhotoSound Technologies, Inc. (US), OPOTEK LLC. (US), Seno Medical (US) and Verasonics, Inc. (US), among others.

Research Coverage
This report studies the photoacoustic imaging market based on product, product type, application, type, end-user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions)

Reasons to Buy the Report
The report will enable established and entrants/smaller firms to gauge the market’s pulse, which, in turn, would help them garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their market presence.

This report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios offered by the top players in the photoacoustic imaging market
• Product Development/Innovation: Detailed insights on the R&D activities, upcoming trends, and product launches in the photoacoustic imaging market
• Market Development: Comprehensive information on lucrative emerging regions
• Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the photoacoustic imaging market
• Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.

Table of Contents

1            INTRODUCTION            23

1.1         STUDY OBJECTIVES      23

1.2         MARKET DEFINITION   23

1.2.1      INCLUSIONS & EXCLUSIONS     23

1.3         MARKET SCOPE             24

1.3.1      MARKETS COVERED     24

1.3.2      YEARS CONSIDERED     24

1.3.3      CURRENCY CONSIDERED          25

1.4         STAKEHOLDERS            25

1.5         RECESSION IMPACT      25

2            RESEARCH METHODOLOGY     26

2.1         RESEARCH DATA           26

FIGURE 1           RESEARCH DESIGN       26

2.1.1      SECONDARY RESEARCH             26

2.1.2      PRIMARY RESEARCH     27

2.1.2.1   Primary sources   28

2.1.2.2   Key industry insights          28

2.1.2.3   Breakdown of primaries     29

FIGURE 2           BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS 29

FIGURE 3           BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION    29

2.2         MARKET SIZE ESTIMATION       29

FIGURE 4           RESEARCH METHODOLOGY: HYPOTHESIS BUILDING  30

2.2.1      BOTTOM-UP APPROACH           31

2.2.1.1   Approach 1: Company revenue estimation approach    31

FIGURE 5           PHOTOACOUSTIC IMAGING MARKET SIZE ESTIMATION: APPROACH 1 (COMPANY REVENUE ESTIMATION)         31

2.2.1.2   Approach 2: Customer-based market estimation          32

FIGURE 6           PHOTOACOUSTIC IMAGING MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH           32

2.2.1.3   Growth forecast   33

2.2.1.4   CAGR projections             33

FIGURE 7           CAGR PROJECTION: SUPPLY-SIDE ANALYSIS     33

FIGURE 8           TOP-DOWN APPROACH             33

2.3         DATA VALIDATION APPROACH             34

FIGURE 9           DATA TRIANGULATION METHODOLOGY         34

2.4         MARKET SHARE ASSESSMENT   34

2.5         STUDY ASSUMPTIONS  35

2.6         GROWTH RATE ASSUMPTIONS 35

2.7         RESEARCH LIMITATIONS           35

2.8         RISK ASSESSMENT         36

2.9         RECESSION IMPACT ANALYSIS 36

3            EXECUTIVE SUMMARY 37

FIGURE 10         PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT,  2024 VS. 2029 (USD MILLION)     37

FIGURE 11         PHOTOACOUSTIC IMAGING MARKET, BY TECHNOLOGY,  2024 VS. 2029 (USD MILLION)     38

FIGURE 12         PHOTOACOUSTIC IMAGING MARKET, BY APPLICATION, 2024 VS. 2029 38

FIGURE 13         PHOTOACOUSTIC IMAGING MARKET: GEOGRAPHICAL SNAPSHOT        39

4            PREMIUM INSIGHTS      40

4.1         PHOTOACOUSTIC IMAGING MARKET OVERVIEW          40

FIGURE 14         ADVANTAGES OVER CONTRAST-ENHANCED TECHNIQUES TO DRIVE ADOPTION OF PHOTOACOUSTIC IMAGING       40

4.2         PHOTOACOUSTIC IMAGING MARKET, BY TYPE 40

FIGURE 15         PHOTOACOUSTIC IMAGING MARKET, BY TYPE, 2024 VS. 2029              40

4.3         PHOTOACOUSTIC IMAGING MARKET, BY REGION AND APPLICATION              41

FIGURE 16         NORTH AMERICA HELD LARGEST SHARE OF ALL APPLICATION SEGMENTS IN 2023          41

4.4         PHOTOACOUSTIC IMAGING MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES           41

FIGURE 17         ASIA PACIFIC MARKETS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       41

5            MARKET OVERVIEW     42

5.1         INTRODUCTION            42

5.2         MARKET DYNAMICS     42

FIGURE 18         PHOTOACOUSTIC IMAGING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    42

5.2.1      DRIVERS            42

5.2.1.1   Increasing prevalence of cancer        42

FIGURE 19         BREAST CANCER INCIDENCE, 2022        43

5.2.1.2   Advantages over contrast-enhanced imaging techniques            44

5.2.1.3   Advancements in photoacoustic imaging systems         44

5.2.1.4   Rising healthcare investments          45

5.2.2      RESTRAINTS     45

5.2.2.1   High system costs 45

5.2.3      OPPORTUNITIES           46

5.2.3.1   Rising demand for personalized medicine      46

5.2.3.2   Expanding research and clinical applications  46

TABLE 1             RESEARCH PRODUCTS AND THEIR APPLICATIONS       47

5.2.4      CHALLENGES   47

5.2.4.1   Lack of skilled professionals             47

5.2.4.2   Stringent regulatory guidelines        47

5.3         REGULATORY LANDSCAPE       48

5.3.1      US         48

5.3.2      EUROPE             48

5.3.3      ASIA PACIFIC    48

5.3.4      REST OF THE WORLD   49

TABLE 2             REGULATORY STANDARDS/APPROVALS REQUIRED FOR PHOTOACOUSTIC IMAGING,  BY COUNTRY/REGION  49

5.3.5      KEY REGULATORY BODIES AND GOVERNMENT AGENCIES       50

TABLE 3             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         50

TABLE 4             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 50

TABLE 5             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         51

TABLE 6             REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         51

5.4         VALUE CHAIN ANALYSIS            52

FIGURE 20         PHOTOACOUSTIC IMAGING MARKET: VALUE CHAIN ANALYSIS          52

5.5         SUPPLY CHAIN ANALYSIS          53

5.5.1      PROMINENT COMPANIES          53

5.5.2      SMALL AND MEDIUM-SIZED ENTERPRISES        53

5.5.3      END USERS       53

FIGURE 21         PHOTOACOUSTIC IMAGING MARKET: SUPPLY CHAIN ANALYSIS          53

5.6         ECOSYSTEM ANALYSIS 54

FIGURE 22         PHOTOACOUSTIC IMAGING MARKET: ECOSYSTEM ANALYSIS              54

TABLE 7             PHOTOACOUSTIC IMAGING MARKET: ROLE IN ECOSYSTEM              54

5.7         INVESTMENT & FUNDING SCENARIO    55

FIGURE 23         DEALS & FUNDING IN PHOTOACOUSTIC IMAGING MARKET,  2018–2022 (USD MILLION)          55

FIGURE 24         NUMBER OF INVESTOR DEALS, BY KEY PLAYER, 2018–2022              55

FIGURE 25         VALUE OF INVESTOR DEALS, BY KEY PLAYER, 2018–2022 (USD MILLION)          56

5.8         PRICING ANALYSIS        56

FIGURE 26         PRICES OF MAJOR PHOTOACOUSTIC IMAGING SYSTEMS, BY BRAND  (USD THOUSAND) (2023)        56

FIGURE 27         AVERAGE SELLING PRICE OF MAJOR PHOTOACOUSTIC IMAGING SYSTEMS,  BY REGION (USD THOUSAND) (2023)       57

TABLE 8             AVERAGE SELLING PRICE TREND OF PHOTOACOUSTIC IMAGING PRODUCTS, BY REGION          57

5.9         TRADE ANALYSIS          58

5.9.1      IMPORT DATA 58

TABLE 9             IMPORT DATA FOR SEMICONDUCTOR DEVICES (E.G., DIODES, TRANSISTORS, SEMICONDUCTOR-BASED TRANSDUCERS) (HS CODE 8541), BY COUNTRY,  2019–2023 (USD THOUSAND)          58

5.9.2      EXPORT DATA 59

TABLE 10           EXPORT DATA FOR SEMICONDUCTOR DEVICES (E.G. DIODES, TRANSISTORS, SEMICONDUCTOR-BASED TRANSDUCERS) (HS CODE 8541), BY COUNTRY,  2019–2023 (USD THOUSAND)          59

5.10       PATENT ANALYSIS        59

FIGURE 28         PATENT DETAILS FOR BIOPHARMACEUTICAL PHOTOACOUSTIC IMAGING (JANUARY 2013–MAY 2024) 60

5.10.1    LIST OF MAJOR PATENTS, 2020–2024     60

TABLE 11           LIST OF MAJOR PATENTS IN PHOTOACOUSTIC IMAGING MARKET, JANUARY 2020–MARCH 2024   60

5.11       PORTER’S FIVE FORCE ANALYSIS           61

TABLE 12           PHOTOACOUSTIC IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS          61

FIGURE 29         PHOTOACOUSTIC IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS          62

5.11.1    THREAT OF NEW ENTRANTS    62

5.11.2    THREAT OF SUBSTITUTES         62

5.11.3    BARGAINING POWER OF SUPPLIERS     63

5.11.4    BARGAINING POWER OF BUYERS           63

5.11.5    INTENSITY OF COMPETITIVE RIVALRY 63

5.12       KEY STAKEHOLDERS & BUYING CRITERIA          64

5.12.1    KEY STAKEHOLDERS IN BUYING PROCESS         64

FIGURE 30         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE CATEGORIES          64

TABLE 13           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS (%)              64

5.12.2    BUYING CRITERIA         65

FIGURE 31         KEY BUYING CRITERIA FOR PHOTOACOUSTIC IMAGING              65

TABLE 14           KEY BUYING CRITERIA FOR PHOTOACOUSTIC IMAGING              65

5.13       KEY CONFERENCES & EVENTS  65

TABLE 15           LIST OF MAJOR CONFERENCES & EVENTS IN PHOTOACOUSTIC IMAGING MARKET IN JANUARY 2024-DECEMBER 2025              65

5.14       TECHNOLOGY ANALYSIS           66

5.14.1    KEY TECHNOLOGIES    66

5.14.1.1 Laser Systems      66

5.14.1.2 Ultrasound Transducers    67

5.14.2    COMPLEMENTARY TECHNOLOGIES     67

5.14.2.1 Optical Imaging   67

5.14.3    ADJACENT TECHNOLOGIES      68

5.14.3.1 Multimodal Imaging          68

5.15       TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 68

FIGURE 32         REVENUE SHIFT IN PHOTOACOUSTIC IMAGING MARKET              68

5.16       UNMET NEEDS AND KEY PAIN POINTS 69

TABLE 16           PHOTOACOUSTIC IMAGING MARKET: CURRENT UNMET NEEDS 69

5.17       PHOTOACOUSTIC IMAGING MARKET: ADJACENT MARKETS     69

FIGURE 33         ADJACENT MARKET ANALYSIS 69

5.18       ARTIFICIAL INTELLIGENCE (AI) IN PHOTOACOUSTIC IMAGING MARKET            69

6            PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT     70

6.1         INTRODUCTION            71

TABLE 17           PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)     71

6.2         IMAGING SYSTEMS       71

6.2.1      TECHNOLOGICAL ADVANCEMENTS TO SUPPORT MARKET GROWTH              71

TABLE 18           PHOTOACOUSTIC IMAGING SYSTEMS MARKET, BY REGION, 2022–2029 (USD MILLION)          72

6.3         TRANSDUCERS 72

6.3.1      HIGH PRECISION AND CONSISTENCY TO PROPEL MARKET GROWTH              72

TABLE 19           PHOTOACOUSTIC IMAGING TRANSDUCERS MARKET, BY REGION,  2022–2029 (USD MILLION)     73

6.4         SOFTWARE & ACCESSORIES      73

TABLE 20           PHOTOACOUSTIC IMAGING SOFTWARE & ACCESSORIES MARKET, BY REGION,  2022–2029 (USD MILLION)          74

7            PHOTOACOUSTIC IMAGING MARKET, BY TECHNOLOGY           75

7.1         INTRODUCTION            76

TABLE 21           PHOTOACOUSTIC IMAGING MARKET, BY TECHNOLOGY, 2022–2029 (USD MILLION)          76

7.2         PHOTOACOUSTIC IMAGING     76

7.2.1      TECHNOLOGICAL ADVANCEMENTS TO SUPPORT MARKET GROWTH              76

TABLE 22           PAI VS. OTHER IMAGING TECHNIQUES 76

TABLE 23           PHOTOACOUSTIC IMAGING MARKET FOR PAI SYSTEMS, BY REGION,  2022–2029 (USD MILLION)     77

7.3         PHOTOACOUSTIC TOMOGRAPHY         78

7.3.1      RISING POPULARITY OF PAT IN PRECLINICAL RESEARCH TO PROPEL MARKET            78

TABLE 24           PHOTOACOUSTIC IMAGING MARKET FOR PAT SYSTEMS, BY REGION,  2022–2029 (USD MILLION)     78

7.4         PHOTOACOUSTIC MICROSCOPY           78

7.4.1      INCREASING DEMAND IN HIGH-RESOLUTION TISSUE IMAGING TO DRIVE MARKET 78

TABLE 25           PHOTOACOUSTIC IMAGING MARKET FOR PAM SYSTEMS, BY REGION,  2022–2029 (USD MILLION)     79

8            PHOTOACOUSTIC IMAGING MARKET, BY TYPE 80

8.1         INTRODUCTION            81

TABLE 26           PHOTOACOUSTIC IMAGING MARKET, BY TYPE, 2022–2029 (USD MILLION) 81

8.2         PRECLINICAL RESEARCH           81

8.2.1      GROWING FUNDING FOR PRECLINICAL RESEARCH TO DRIVE MARKET              81

TABLE 27           INDICATIVE LIST OF PRECLINICAL STUDIES USING PAI TO MONITOR VASCULAR FUNCTIONS IN TUMOR MODELS 82

TABLE 28           PHOTOACOUSTIC IMAGING MARKET FOR PRECLINICAL RESEARCH, BY REGION,  2022–2029 (USD MILLION)      83

8.3         CLINICAL/CLINICAL RESEARCH             83

8.3.1      RISING POPULARITY OF PHOTOACOUSTIC TOMOGRAPHY TO SUPPORT MARKET GROWTH    83

TABLE 29           PHOTOACOUSTIC IMAGING MARKET FOR CLINICAL/CLINICAL RESEARCH, BY REGION,  2022–2029 (USD MILLION)              83

9            PHOTOACOUSTIC IMAGING MARKET, BY APPLICATION            84

9.1         INTRODUCTION            85

TABLE 30           PHOTOACOUSTIC IMAGING MARKET, BY APPLICATION, 2022–2029 (USD MILLION)     85

9.2         ONCOLOGY      85

9.2.1      GROWING PREVALENCE OF CANCER TO DRIVE MARKET           85

TABLE 31           PHOTOACOUSTIC IMAGING MARKET FOR ONCOLOGY, BY REGION,  2022–2029 (USD MILLION)     86

9.3         VETERINARY APPLICATIONS    86

9.3.1      EXPANDING APPLICATIONS IN VETERINARY CARE TO DRIVE MARKET              86

TABLE 32           PHOTOACOUSTIC IMAGING MARKET FOR VETERINARY APPLICATIONS,  2022–2029 (USD MILLION)      86

9.4         HEMATOLOGY 87

9.4.1      ADVANCEMENTS AND GROWING APPLICATIONS IN HEMATOLOGY TO FAVOR MARKET GROWTH  87

TABLE 33           PHOTOACOUSTIC IMAGING MARKET FOR HEMATOLOGY, BY REGION,  2022–2029 (USD MILLION)     87

9.5         OTHER APPLICATIONS 87

TABLE 34           PHOTOACOUSTIC IMAGING MARKET FOR OTHER APPLICATIONS, BY REGION,  2022–2029 (USD MILLION)            88

10          PHOTOACOUSTIC IMAGING MARKET, BY END USER     89

10.1       INTRODUCTION            90

TABLE 35           PHOTOACOUSTIC IMAGING MARKET, BY END USER, 2022–2029 (USD MILLION) 90

10.2       ACADEMIC & RESEARCH INSTITUTES   90

10.2.1    ADVANCEMENTS AND RISING FUNDING TO PROPEL ADOPTION              90

TABLE 36           PHOTOACOUSTIC IMAGING MARKET FOR ACADEMIC & RESEARCH INSTITUTES,  BY REGION, 2022–2029 (USD MILLION)           91

10.3       HOSPITALS & IMAGING CENTERS          91

10.3.1    EXPANDING APPLICATIONS AND INCREASING ADOPTION IN HEALTHCARE TO DRIVE MARKET         91

TABLE 37           PHOTOACOUSTIC IMAGING MARKET FOR HOSPITALS & IMAGING CENTERS, BY REGION, 2022–2029 (USD MILLION)       92

11          PHOTOACOUSTIC IMAGING MARKET, BY REGION         93

11.1       INTRODUCTION            94

TABLE 38           PHOTOACOUSTIC IMAGING MARKET, BY REGION, 2022–2029 (USD MILLION) 94

11.2       NORTH AMERICA          94

11.2.1    NORTH AMERICA: RECESSION IMPACT 95

FIGURE 34         NORTH AMERICA: PHOTOACOUSTIC IMAGING MARKET SNAPSHOT        95

TABLE 39           NORTH AMERICA: PHOTOACOUSTIC IMAGING MARKET, BY COUNTRY,  2022–2029 (USD MILLION) 96

TABLE 40           NORTH AMERICA: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT,  2022–2029 (USD MILLION) 96

TABLE 41           NORTH AMERICA: PHOTOACOUSTIC IMAGING MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       96

TABLE 42           NORTH AMERICA: PHOTOACOUSTIC IMAGING MARKET, BY TYPE,  2022–2029 (USD MILLION)          97

TABLE 43           NORTH AMERICA: PHOTOACOUSTIC IMAGING MARKET, BY APPLICATION,  2022–2029 (USD MILLION)        97

TABLE 44           NORTH AMERICA: PHOTOACOUSTIC IMAGING MARKET, BY END USER,  2022–2029 (USD MILLION) 97

11.2.2    US         98

11.2.2.1 Growing geriatric population to drive market 98

TABLE 45           US: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)     98

11.2.3    CANADA            98

11.2.3.1 Favorable government funding scenario to support adoption     98

TABLE 46           CANADA: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)          99

11.3       EUROPE             99

11.3.1    EUROPE: RECESSION IMPACT   100

TABLE 47           EUROPE: PHOTOACOUSTIC IMAGING MARKET, BY COUNTRY, 2022–2029 (USD MILLION)          100

TABLE 48           EUROPE: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)          100

TABLE 49           EUROPE: PHOTOACOUSTIC IMAGING MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       101

TABLE 50           EUROPE: PHOTOACOUSTIC IMAGING MARKET, BY TYPE, 2022–2029 (USD MILLION)          101

TABLE 51           EUROPE: PHOTOACOUSTIC IMAGING MARKET, BY APPLICATION,  2022–2029 (USD MILLION)        101

TABLE 52           EUROPE: PHOTOACOUSTIC IMAGING MARKET, BY END USER, 2022–2029 (USD MILLION)          102

11.3.2    GERMANY         102

11.3.2.1 Rising prevalence of chronic diseases to fuel market growth       102

TABLE 53           GERMANY: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT,  2022–2029 (USD MILLION) 102

11.3.3    UK         103

11.3.3.1 Favorable government support to propel market growth             103

TABLE 54           UK: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)     103

11.3.4    FRANCE             104

11.3.4.1 Infrastructural development and growing investments in life sciences R&D to support market growth       104

TABLE 55           FRANCE: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)          104

11.3.5    REST OF EUROPE           105

TABLE 56           REST OF EUROPE: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT,  2022–2029 (USD MILLION) 105

11.4       ASIA PACIFIC    105

11.4.1    ASIA PACIFIC: RECESSION IMPACT        106

FIGURE 35         ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET SNAPSHOT        106

TABLE 57           ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET, BY COUNTRY,  2022–2029 (USD MILLION) 107

TABLE 58           ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT,  2022–2029 (USD MILLION) 107

TABLE 59           ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION)       107

TABLE 60           ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET, BY TYPE, 2022–2029 (USD MILLION)          108

TABLE 61           ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET, BY APPLICATION,  2022–2029 (USD MILLION)        108

TABLE 62           ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET, BY END USER,  2022–2029 (USD MILLION)          108

11.4.2    JAPAN  109

11.4.2.1 Strong healthcare sector to support adoption 109

TABLE 63           JAPAN: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)          109

11.4.3    CHINA  110

11.4.3.1 China to show strong growth in APAC market             110

TABLE 64           CHINA: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT, 2022–2029 (USD MILLION)          110

11.4.4    REST OF ASIA PACIFIC  110

TABLE 65           REST OF ASIA PACIFIC: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT,  2022–2029 (USD MILLION)         111

11.5       REST OF THE WORLD   111

TABLE 66           REST OF THE WORLD: PHOTOACOUSTIC IMAGING MARKET, BY PRODUCT,  2022–2029 (USD MILLION)         111

TABLE 67           REST OF THE WORLD: PHOTOACOUSTIC IMAGING MARKET, BY TECHNOLOGY,  2022–2029 (USD MILLION) 112

TABLE 68           REST OF THE WORLD: PHOTOACOUSTIC IMAGING MARKET, BY TYPE,  2022–2029 (USD MILLION)    112

TABLE 69           REST OF THE WORLD: PHOTOACOUSTIC IMAGING MARKET, BY APPLICATION,  2022–2029 (USD MILLION)   112

TABLE 70           REST OF THE WORLD: PHOTOACOUSTIC IMAGING MARKET, BY END USER,  2022–2029 (USD MILLION)         113

11.5.1    REST OF THE WORLD: RECESSION IMPACT       113

12          COMPETITIVE LANDSCAPE       114

12.1       OVERVIEW        114

12.2       KEY PLAYER STRATEGY/RIGHT TO WIN             114

12.2.1    OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN PHOTOACOUSTIC IMAGING MARKET  114

TABLE 71           OVERVIEW OF STRATEGIES DEPLOYED BY KEY MANUFACTURING COMPANIES             114

12.3       REVENUE ANALYSIS      115

FIGURE 36         REVENUE ANALYSIS OF TOP THREE PLAYERS IN PHOTOACOUSTIC IMAGING MARKET (2020–2022)          115

12.4       MARKET SHARE ANALYSIS         116

FIGURE 37         PHOTOACOUSTIC IMAGING MARKET SHARE ANALYSIS OF KEY PLAYERS (2023)      116

TABLE 72           PHOTOACOUSTIC IMAGING MARKET: DEGREE OF COMPETITION 116

12.5       MARKET RANKING ANALYSIS   117

FIGURE 38         SHARES OF LEADING PLAYERS IN PHOTOACOUSTIC IMAGING MARKET (2022) 117

12.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   118

12.6.1    STARS  118

12.6.2    EMERGING LEADERS    119

12.6.3    PERVASIVE PLAYERS     119

12.6.4    PARTICIPANTS 119

FIGURE 39         PHOTOACOUSTIC IMAGING MARKET: COMPANY EVALUATION MATRIX  (KEY PLAYERS), 2023    119

12.6.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      120

12.6.5.1 Company footprint            120

FIGURE 40         PHOTOACOUSTIC IMAGING MARKET: COMPANY FOOTPRINT              120

12.6.5.2 Product footprint 121

TABLE 73           PHOTOACOUSTIC IMAGING MARKET: PRODUCT FOOTPRINT              121

12.6.5.3 Technology footprint         122

TABLE 74           PHOTOACOUSTIC IMAGING MARKET: TECHNOLOGY FOOTPRINT      122

12.6.5.4 Type footprint     123

TABLE 75           PHOTOACOUSTIC IMAGING MARKET: TYPE FOOTPRINT              123

12.6.5.5 Application footprint         124

TABLE 76           PHOTOACOUSTIC IMAGING MARKET: APPLICATION FOOTPRINT      124

12.6.5.6 End-user footprint             125

TABLE 77           PHOTOACOUSTIC IMAGING MARKET: END-USER FOOTPRINT              125

12.6.5.7 Regional footprint              126

TABLE 78           PHOTOACOUSTIC IMAGING MARKET: REGIONAL FOOTPRINT              126

12.7       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          127

12.7.1    PROGRESSIVE COMPANIES       127

12.7.2    RESPONSIVE COMPANIES          127

12.7.3    DYNAMIC COMPANIES 127

12.7.4    STARTING BLOCKS       127

FIGURE 41         PHOTOACOUSTIC IMAGING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 128

12.7.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             128

TABLE 79           PHOTOACOUSTIC IMAGING MARKET: DETAILED LIST OF KEY STARTUPS/SME PLAYERS          128

TABLE 80           PHOTOACOUSTIC IMAGING MARKET: COMPETITIVE BENCHMARKING OF KEY EMERGING PLAYERS/STARTUPS        129

12.8       VALUATION & FINANCIAL METRICS      130

12.8.1    FINANCIAL METRICS    130

FIGURE 42         EV/EBITDA OF KEY VENDORS   130

12.8.2    COMPANY VALUATION 130

FIGURE 43         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF  KEY VENDORS           130

12.9       BRAND/PRODUCT COMPARISON          131

FIGURE 44         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY MODEL              131

12.10     COMPETITIVE SCENARIO          131

12.10.1  PRODUCT LAUNCHES & APPROVALS    131

TABLE 81           PHOTOACOUSTIC IMAGING MARKET: PRODUCT LAUNCHES & APPROVALS,  JANUARY 2020–DECEMBER 2023            131

12.10.2  DEALS  132

TABLE 82           PHOTOACOUSTIC IMAGING MARKET: DEALS, JANUARY 2020–DECEMBER 2023            132

12.10.3  OTHER DEVELOPMENTS           132

TABLE 83           PHOTOACOUSTIC IMAGING MARKET: OTHER DEVELOPMENTS,  JANUARY 2020–DECEMBER 2023       132

13          COMPANY PROFILES    133

13.1       KEY PLAYERS   133

(Business overview, Products offered, Recent developments, Product launches, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats)*

13.1.1    FUJIFILM HOLDINGS CORPORATION    133

TABLE 84           FUJIFILM HOLDINGS CORPORATION: COMPANY OVERVIEW              133

FIGURE 45         FUJIFILM HOLDINGS CORPORATION: COMPANY SNAPSHOT (2022)   134

TABLE 85           FUJIFILM HOLDINGS CORPORATION: PRODUCTS OFFERED              134

TABLE 86           FUJIFILM HOLDINGS CORPORATION: PRODUCT LAUNCHES,  JANUARY 2021–MARCH 2024      135

TABLE 87           FUJIFILM HOLDINGS CORPORATION: DEALS, JANUARY 2021–MARCH 2024     135

TABLE 88           FUJIFILM HOLDINGS CORPORATION: OTHER DEVELOPMENTS,  JANUARY 2021–MARCH 2024 136

13.1.2    SENO MEDICAL 137

TABLE 89           SENO MEDICAL: COMPANY OVERVIEW 137

TABLE 90           SENO MEDICAL: PRODUCTS OFFERED 137

TABLE 91           SENO MEDICAL: PRODUCT LAUNCHES & APPROVALS, JANUARY 2021–MARCH 2024      138

TABLE 92           SENO MEDICAL: DEALS, JANUARY 2021–MARCH 2024     138

13.1.3    ITHERA MEDICAL GMBH           140

TABLE 93           ITHERA MEDICAL GMBH: COMPANY OVERVIEW            140

TABLE 94           ITHERA MEDICAL GMBH: PRODUCTS OFFERED             140

TABLE 95           ITHERA MEDICAL GMBH: OTHER DEVELOPMENTS, JANUARY 2021–MARCH 2024          141

13.1.4    CYBERDYNE, INC.          142

TABLE 96           CYBERDYNE, INC.: COMPANY OVERVIEW           142

FIGURE 46         CYBERDYNE, INC: COMPANY SNAPSHOT (2023) 143

TABLE 97           CYBERDYNE INC.: PRODUCTS OFFERED            143

13.1.5    ADVANTEST CORPORATION    145

TABLE 98           ADVANTEST CORPORATION: COMPANY OVERVIEW     145

FIGURE 47         ADVANTEST CORPORATION: COMPANY SNAPSHOT (2022)              146

TABLE 99           ADVANTEST CORPORATION: PRODUCTS OFFERED      146

13.1.6    TOMOWAVE LABORATORIES, INC.        148

TABLE 100         TOMOWAVE LABORATORIES, INC.: COMPANY OVERVIEW              148

TABLE 101         TOMOWAVE LABORATORIES, INC.: PRODUCTS OFFERED              148

13.1.7    ILLUMISONICS INC.       149

TABLE 102         ILLUMISONICS INC.: COMPANY OVERVIEW       149

TABLE 103         ILLUMISONICS INC.: PRODUCTS OFFERED        149

13.1.8    INNOLAS LASER GMBH 150

TABLE 104         INNOLAS LASER GMBH: COMPANY OVERVIEW 150

TABLE 105         INNOLAS LASER GMBH: PRODUCTS OFFERED  150

13.1.9    KIBERO 151

TABLE 106         KIBERO: COMPANY OVERVIEW 151

TABLE 107         KIBERO: PRODUCTS OFFERED 151

13.1.10  OPOTEK LLC    152

TABLE 108         OPOTEK LLC: COMPANY OVERVIEW     152

TABLE 109         OPOTEK LLC: PRODUCTS OFFERED      152

13.1.11  VIBRONIX, INC. 153

TABLE 110         VIBRONIX, INC.: COMPANY OVERVIEW 153

TABLE 111         VIBRONIX, INC.: PRODUCTS OFFERED  153

13.1.12  PHOTOSOUND TECHNOLOGIES, INC.   154

TABLE 112         PHOTOSOUND TECHNOLOGIES, INC.: COMPANY OVERVIEW              154

TABLE 113         PHOTOSOUND TECHNOLOGIES, INC.: PRODUCTS OFFERED              154

13.1.13  VERASONICS, INC.         155

TABLE 114         VERASONICS, INC.: COMPANY OVERVIEW          155

TABLE 115         VERASONICS, INC.: PRODUCTS OFFERED           155

13.1.14  LUXONUS INC.  156

TABLE 116         LUXONUS INC.: COMPANY OVERVIEW  156

TABLE 117         LUXONUS INC.: PRODUCTS OFFERED   156

TABLE 118         LUXONUS INC.: PRODUCT APPROVALS, JANUARY 2021–MARCH 2024     156

TABLE 119         LUXONUS INC.: OTHER DEVELOPMENTS, JANUARY 2021–MARCH 2024     157

13.1.15  CALPACT          158

TABLE 120         CALPACT: COMPANY OVERVIEW           158

TABLE 121         CALPACT: PRODUCTS OFFERED            158

13.2       OTHER PLAYERS           159

13.2.1    PA IMAGING     159

13.2.2    INTEGRATED OPTICS   159

13.2.3    LASER 2000        160

13.2.4    EKSPLA 160

13.2.5    HÜBNER PHOTONICS   161

13.2.6    LITRON LASERS             161

13.2.7    IMASONIC SAS  162

13.2.8    DEEPCOLOR SAS           162

13.2.9    GUANGZHOU G-CELL TECHNOLOGY CO., LTD.             163

13.2.10  VERMON           163

*Details on Business overview, Products offered, Recent developments, Product launches, MnM view, Right to win, Strategic choices, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.

14          APPENDIX         164

14.1       DISCUSSION GUIDE      164

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             168

14.3       CUSTOMIZATION OPTIONS      170

14.4       RELATED REPORTS       170

14.5       AUTHOR DETAILS         171