Global Photoacoustic Imaging market will reach 130 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/13

In recent years, the developments made by the prominent players as well as the research groups has led to the adoption of photoacoustic imaging technology in the medical sector, which is propelling the market. One of the latest trends fueling the photoacoustic market is the advancements in the healthcare facilities. Growing awareness about better healthcare facilities among people encourages the service providers to equip themselves with patient wards, advanced labs, and medical imaging techniques such as photoacoustic imaging. This emerging trend is expected to drive the growth of the market over the forecast period.

Increasing incidence of non-communicable diseases and the rising occurrence of chronic diseases across the world due to unhealthy diets and lifestyles characterized by alcohol consumption and smoking have augmented the demand for photoacoustic imaging.

However, the high cost of investment in medical equipment creates a negative impact on the growth of the market in the years to come.

As per the report insights, the global photoacoustic imaging market will reach US$130 mn by 2025 from US$49 mn in the year 2018. The market is likely to register a robust CAGR of 15.3% throughout the forecast period.

Click to view the full report:  https://www.qyresearch.com/index/detail/1076314/global-photoacoustic-imaging-market
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