The factors responsible for the growth of photoacoustic imaging market across the globe are increasing number of cancer cases, growing adoption of advanced treatments, growing healthcare expenditure, and growing aging population.

During the forecast period, software and other accessories category is expected to grow at the faster rate. This is owing to the advancement in technology that would allow for the launch of new and improved components for photoacoustic imaging systems.

Download Free Sample Copy of this Research Report at https://www.vynzresearch.com/healthcare/photoacoustic-imaging-market/request-sample

On the basis of application, the global photoacoustic imaging market is categorized into pre-clinical, and clinical. During the forecast period, the pre-clinical category is expected to be larger market.

During the forecast period, the oncology category is expected to be the faster growing category. The major factor driving the growth of this category is growing usage of photoacoustic imaging systems for cancer diagnosis, mainly breast cancer.

Growing life expectancy results in the falling death rate is the major factor driving the growth in the geriatric population. According to the World Population Ageing 2019, the world’s population aged 65 years and above is expected to grow from 703 million in 2019 to 1.5 billion by 2050.

Geographically, North America is the largest revenue contributor in the photoacoustic imaging market. The growing aging population, increasing healthcare expenditure and growing incidence of chronic diseases in the region are the key factors responsible for its growth.

Key players operating in the global photoacoustic imaging market include Verasonics Inc., Vibronix Inc., FUJIFILM VisualSonics Inc., illumiSonics Inc., EKSPLA, InnoLas Laser GmbH, PhotoSound Technologies Inc., Teem Photonics, TomoWave Laboratories Inc., and Seno Medical Instruments Inc.

Source: VynZ Research