North America Photoacoustic Tomography Market 2021 Covid-19 Impact Introduction, Definition, Demand, Opportunities, Future Plans and Industry Scope by 2028

The photoacoustic tomography market in North America is expected to grow from US$ 26.06 million in 2021 to US$ 89.90 million by 2028; it is estimated to register a CAGR of 19.3% from 2021 to 2028.

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The research on the "North America Photoacoustic Tomography market" focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the North America Photoacoustic Tomography market on the basis of end user, product type, application, and demography for the forecast period 2021-2028. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

Cancer is one of the medical conditions that significantly impact society, and it is one of the major causes of death worldwide. According to the data provided by the National Institute of Cancer, in 2020, ~1,806,590 were diagnosed suffering from cancer in the US, and ~606,520 people died from cancer. As per the American Institute of Cancer Research, in 2020, ~18.1k cases were active globally. Furthermore, the World Health Organization (WHO) stated that about 10 thousand deaths, or one in six death, were due to cancer. The most common cancers are lung cancer, breast cancer, colon cancer and prostate cancer. Every year, ~400,000 children develop cancer. Moreover, ~13% of cancers were diagnosed in 2018 globally due to carcinogenic infections, including Helicobacter pylori, hepatitis B virus, human papillomavirus (HPV), hepatitis C virus, and Epstein-Barr virus.

Major key players covered in this report:
• Advantest Corporation
• CYBERDYNE INC.
• FUJIFILM Visualsonics Inc.
• InnoLas Laser GmbH
• OPOTEK LLC
• Seno Medical
• TomoWave Laboratories, Inc.

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Diagnosing cancer during early stages increases the cure rate, decreases the recurrence rate, and reduces healthcare costs. Over the past few decades, the continual development of medical imaging modalities has been vital in diagnosing cancer, selecting therapies, and monitoring responses to selected treatments. Photoacoustic tomography (PAT) is a hybrid imaging modality combining optical contrast from absorption of light with the remarkable spatiotemporal resolution of ultrasound imaging, offering biomedical morphologic and functional information on early-stage cancer. PAT has shown tremendous potential in cellular and molecular-specific cancer imaging. The key advantages that make PAT a suitable diagnostic modality for clinical applications are its ability to offer molecular information at clinically relevant depths with a high resolution and real-time.

Moreover, it can be easily combined with ultrasound (US) imaging as both imaging modalities share hardware components and a common signal detection regimen. Therefore, it is possible to obtain information on the anatomical, functional, and molecular content of diseased tissues using US imaging and PAT. PAT in cancer diagnosis relies on the enhanced optical absorption of tumors, the relatively high optical transparency of normal tissues, and low acoustic distortion and attenuation of tissues. Therefore, this accuracy of PAT for the detection of cancer tissue and increase in the prevalence of cancer is driving the growth of the photoacoustic tomography market.

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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Photoacoustic Tomography market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the North America Photoacoustic Tomography market segments and regions.

The North America photoacoustic tomography market is segmented into geometry, type, application, end user, and country. Based on geometry, the photoacoustic tomography market is segmented into planar, cylindrical, and spherical. The planar segment held the largest share of the market in 2021. Based on type, the market is categorized into intravascular photoacoustic tomography, photoacoustic microscopy, and others. The intravascular photoacoustic tomography segment held the largest share of the market in 2021.

Based on application, the market is segmented into tumor angiogenesis, blood oxygenation mapping, functional brain imaging, skin melanoma detection, methaemoglobin measuring, and others. The tumor angiogenesis segment held the largest market share in 2021. Based on end user, the market is segmented into hospitals, diagnostics imaging centers, academic and research institutes, and others. The hospital segment held the largest market share in 2021.
Based on country, the North America photoacoustic tomography market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2021.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the North America Photoacoustic Tomography market.

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