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Digitalization and automation have together led to the transformation of businesses across the globe. This has created a demand for devices and products that perform powerful computation processes with efficiency and accuracy and, at the same time, can communicate with one another. The demand for multicore technology across various sectors has further enhanced the growth of the semiconductor industry. This growth has paved the way for the demand for semiconductor IPs in various verticals and applications. Several advancements in the fabrication technology and design process of semiconductor chipsets have led to the evolution of the semiconductor design IP to support applications ranging from data centers and Advanced Driver Assistance System (ADAS) in automobiles to application processor in smartphones and service robots.
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NEW YORK, Dec. 15, 2020 /PRNewswire/ As per the World Health Organization (WHO), in 2018, 2.09 million cases, 2.08 million cases, 1.80 million cases, 1.28 million cases, 1.04 million cases, and 1.03 million cases of lung cancer, breast cancer, colorectal cancer, prostate cancer, skin cancer, and stomach cancer, respectively, were detected. Due to this factor, the global photoacoustic imaging market will likely witness a healthy 20.3% CAGR during 2020–2030, to grow to $279.3 million by 2030 from $39.8 million in 2019, says P&S Intelligence.
Photoacoustic imaging is used to look at the internal human anatomy, wherein the pictures are formed based on how much laser radiation is being absorbed by tissues or the contrast agent injected. In this regard, the photoacoustic imaging market is also being driven by the increasing prevalence of respiratory and cardiovascular diseases (CVDs). The WHO estimates the annual death count of CVDs at 17.9 mil