The global photoacoustic imaging market reached a valuation of $39.8 million in 2019 and is predicted to generate a revenue of $279.3 million by 2030.
According to the estimates of P&S Intelligence, a market research company based in India, the market would progress at a CAGR of 20.3% between 2020 and 2030. The increasing incidence of cancer and the rising popularity of advanced medical treatments around the world are the main factors fueling the growth of the market.
The surging geriatric population is another important market growth driver. As per the 2019 World Population Ageing report produced by the UN, the total population of the people in the age bracket- 65 years and above is predicted to rise from 703 million to 1.5 billion from 2019 to 2050. This will massively push up the requirement for photoacoustic imaging as the geriatric people are highly vulnerable to various diseases, on account of their low immunity levels.
Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/photoacoustic-imaging-market-revenue/report-sample
They are responsible for the deaths of 17.9 million people every year. Additionally, as per the Centers for Disease Control and Prevention (CDC), in the U.S., coronary heart disease is the most prevalent heart disease. In 2017, the disease claimed the lives of 365,914 people. Depending on product, the photoacoustic imaging market is divided into software and other accessories and software. Between these, the imaging systems category recorded higher growth in the market in the past years.
Make an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=photoacoustic-imaging-market-revenue
Hence, it can be said with surety that the market will grow substantially all over the world in the future years, primarily because of the rising incidence of cancer and the soaring geriatric population in various countries around the world.
Personal Protective Equipment: Human Life Savers in Factories
Personal Protective Equipment Market to Register Robust Growth of 7.7% CAGR during 2020–2030
What Are the Evolving Opportunities for the Players in the Guidewires Market?
The guidewires market was able to generate $816.3 million in 2017, and it is set to reach $1,126.5 million by 2023, at a CAGR of 5.5%.
Why Is North America Largest Disposable Medical Sensors Market?
Growth drivers including the spurring demand for low-cost medical equipment and escalating incidence of hospital-acquired infections (HAIs) will propel the disposable medical sensors market at a 10.4% CAGR during the forecast period (2017–2023).
