Global Photoacoustic Microscopy Systems Market 2018-2022
About Photoacoustic Microscopy Systems
Photoacoustic microscopy is used for mapping microvasculature networks in biological tissues. In photoacoustic microscopy, the short-pulsed laser light is absorbed by biological tissues and converted to transient heating, which is then converted into an ultrasonic wave due to thermoelastic expansion. Detection of the ultrasonic wave yields a tomographic image.
Technavio’s analysts forecast the global photoacoustic microscopy systems market to grow at a CAGR of 39.77% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global photoacoustic microscopy systems market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Photoacoustic Microscopy Systems Market 2018-2022
Technavio recognizes the following companies as the key players in the global photoacoustic microscopy systems market: Advantest, Kibero, and Micro Photo Acoustics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing importance of tele-imaging. Medical imaging devices have high demand as the procedures form the basis of diagnosis and treatment of various medical conditions. Tele-imaging enables physicians to perform and interpret medical images in remote areas where the technology is difficult to reach.”
According to the report, one driver in the market is increased need for early diagnosis and preventive medicine. Imaging devices, including photoacoustic microscopy systems, in the current healthcare environment play a vital role as their role has undergone rapid transformation. From early detection and improved diagnostics and treatment, the imaging industry has moved to imaging informatics, hybrid modalities, and follow-up treatment. Imaging systems, including photoacoustic microscopy systems, help physicians to follow up with the patients and monitor their medical condition on a regular basis. It helps in detecting the effect of the therapy for cancer patients.
Further, the report states that one challenge in the market is high installation and maintenance costs. The installation charges for medical imaging equipment are high globally. The total price of installation of CR and DR systems is around $27,000-$209,000 for a single plate reader and $120,000-$230,000 for a multi-plate reader. The average cost of installing a typical 1.5-T MRI scan system ranges between $50,000 and $80,000, excluding the removal and transportation. Also, CT and MRI imaging machines usually cost about $100,000 per year for maintenance. Similarly, photoacoustic microscopes are expensive.
Advantest, Kibero, and Micro Photo Acoustics.