Global Photoacoustic Imaging Market Size & Outlook

The photoacoustic imaging industry worldwide is expected to reach a projected revenue of US$ 339.0 million by 2030. A compound annual growth rate of 19.3% is expected of the worldwide photoacoustic imaging industry from 2024 to 2030.
Revenue, 2023 (US$M)
$98.8
Forecast, 2030 (US$M)
$339.0
CAGR, 2024 - 2030
19.3%
Report Coverage
Worldwide

Global photoacoustic imaging market, 2018-2030 (US$M)

Global photoacoustic imaging market highlights

  • The global photoacoustic imaging market generated a revenue of USD 98.8 million in 2023 and is expected to reach USD 339.0 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 19.3% by 2030.
  • In terms of segment, photoacoustic tomography (pat) accounted for a revenue of USD 62.6 million in 2023.
  • Photoacoustic Tomography (PAT) is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 98.8 million
Market revenue in 2030USD 339.0 million
Growth rate19.3% (CAGR from 2023 to 2030)
Largest segmentPhotoacoustic tomography (pat)
Fastest growing segmentPhotoacoustic Tomography (PAT)
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPhotoacoustic Tomography (PAT), Photoacoustic Microscopy (PAM)

Other key industry trends

  • In terms of revenue, the North America accounted for 42.9% of the global photoacoustic imaging market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Kuwait is the fastest growing regional market and is projected to reach USD 1.7 million by 2030.

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Photoacoustic Imaging Market Companies

Name Profile # Employees HQ Website

Global photoacoustic imaging market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to photoacoustic imaging market will help companies and investors design strategic landscapes.


Photoacoustic tomography (pat) was the largest segment with a revenue share of 63.36% in 2023. Horizon Databook has segmented the Global photoacoustic imaging market based on photoacoustic tomography (pat), photoacoustic microscopy (pam) covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Photoacoustic Imaging Product Outlook (Revenue, USD Million, 2018-2030)
    • Photoacoustic Tomography (PAT)
    • Photoacoustic Microscopy (PAM)
  • Global Photoacoustic Imaging Type Outlook (Revenue, USD Million, 2018-2030)
    • Pre Clinical
    • Clinical
  • Global Photoacoustic Imaging Application Outlook (Revenue, USD Million, 2018-2030)
    • Oncology
    • Cardiology
    • Angiology
    • Histology
    • Interventional radiology

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  • Our clientele includes a mix of photoacoustic imaging market companies, investment firms, advisory firms & academic institutions.
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  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global photoacoustic imaging market , including forecasts for subscribers. This global databook contains high-level insights into Global photoacoustic imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global photoacoustic imaging market size, by regions, 2018-2030 (US$M)

Top 10 countries: Photoacoustic imaging market size, 2023 (US$M)

Global photoacoustic imaging market share, by product, 2023 & 2030 (%, US$M)

Photoacoustic imaging market: Opportunity assessment by country

Global photoacoustic imaging market, by region, 2023 (US$M)

Global photoacoustic imaging market size, by regions, 2018-2030 (US$M)

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