According to a new market intelligence report by BIS Research, titled “Global photoacoustic imaging Market- Analysis and Forecast, 2019-2029”, the global photoacoustic imaging market was valued at $102.2 million in 2018 and is expected to reach $1.64 billion by 2029, growing at a CAGR of 28.88%, during the forecast period 2019-2029.

The market grew at a high CAGR in the forecast period (2019-2029), which can be attributed to the increasing adoption of photoacoustic imaging in preclinical research. However, during the forecast period 2019-2029, it is expected that the market will witness an exponential growth owing to the anticipated launch of novel photoacoustic imaging systems intended for use in humans. Moreover, the rising awareness regarding the non-invasive methods for disease detection will also account for the market growth during the forecast period.

BIS Research Report: https://bisresearch.com/industry-report/photoacoustic-imaging-market.html

In addition to the factors promoting the market growth, there are several challenges or restraints which are expected to restrict the market growth during the forecast period. For example, the lack of favorable reimbursement policies and the stringent regulatory guidelines are expected to exert a negative impact on the market potential. Additionally, due to the high cost of investment, the manufacturers are reluctant to invest in the development of innovative photoacoustic imaging solutions.

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The key strategies followed by the leading players including FUJIFILM VisualSonics Inc., iThera Medical GmbH, Seno Medical Instruments, kibero, and TomoWave Laboratories, among others have been varying from joint ventures, collaborations, and partnerships to product approvals.

Key Questions Answered in the Report:

• How is the clinical use of photoacoustic imaging expected to evolve in the future?
• Imaging systems is currently the leading product-based segment in the global photoacoustic imaging market. Which clinical applications of photoacoustic imaging are expected to emerge in the field of medical imaging?
• How are the industry players trying to overcome the challenges associated with the clinical translation of photoacoustic imaging?
• What are the steps taken by the industry players to overcome the lack of awareness for photoacoustic imaging?
• How is the current dominating stake conquered by imaging systems expected to be impacted due to the evolving perception of end users toward the incorporation of photoacoustic imaging?
• What are the key strategies incorporated by the leading players of global photoacoustic imaging market to sustain the competition?
• What is the current total market size and forecasts (until 2029) for different product categories available in the market?
• What is the current total market size and forecasts (until 2029) for different diagnostic applications?

About BIS Research:
BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
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