Near Infrared Imaging Market to be Worth $405.0 Million by 2028: Grand View Research, Inc.
SAN FRANCISCO, Oct. 19, 2022 /PRNewswire/ -- The global near infrared imaging market size is expected to reach USD 405.0 million by 2028, according to a new report by Grand View Research, Inc. expanding at a 9.3% CAGR during the forecast period. The growing use of near-infrared imaging due to advantages such as minimally invasiveness and high efficiency in diagnosing various conditions is anticipated to drive the near-infrared imaging market significantly during the forecast period.
Key Industry Insights & Findings from the report:
- By product, reagents segment dominated the market in 2018 owing to the development of novel reagents to identify various types of cancer.
- The reagents segment is expected to grow considerably in the future owing to benefits offered by Indocyanine green (ICG), such as real-time angiographic images during brain tumor or vascular surgery.
- Cancer surgeries segment is expected to grow considerably in the near future owing to the high prevalence of the disorder, especially in the emerging economies.
- Hospitals & clinics segment dominated the market owing to the increase in the number of admissions of cancer patients in clinics and hospitals.
- The players profiled in the near infrared imaging market are Shimadzu Corporation KARL STORZ SE & Co. KG, Stryker, Leica Microsystems, Olympus, Carl Zeiss Meditec AG, Fluoptics, Quest Medical Imaging B.V., Mizuho Medical Co, Ltd., Hamamatsu Photonics K.KVisionsense, PerkinElmer, Inc., LI-COR, Inc., and SurgVision.
Read 102-page full market research report, Near Infrared Imaging Market Size, Share & Trends Analysis Report By Product (Devices, Reagents), By Application (Cancer Surgeries, Gastrointestinal Surgeries), By End Use, By Region, And Segment Forecasts, 2021 - 2028", published by Grand View Research.
Near Infrared Imaging Market Growth & Trends
Growing incidences of chronic disorders, especially among the geriatric population is fueling the near infrared imaging market. Alzheimer's disease, dementia, arthritis, chronic kidney disease, and diabetes, are some of the commonly prevalent diseases that require near infrared imaging for better diagnosis and further decision making for effective treatment.
Expanding applications of the NIR technique in early diagnosis of various neurological conditions is expected to play a significant role in overall market growth. As per National Research University's Higher School of Economics, neurological disorders are one of the leading causes of disability and death today. They were reported as the leading cause group of Disability Adjusted Life Years, which comprised 16.8% global deaths.
Frequent introduction of technologically advanced systems is expected to have a significant impact on market growth. NIR is preferred as a process monitoring tool, especially in the pharmaceutical industry. Expanding applications of NIR in commercial operations and research activities in biopharmaceutical companies, as well as academic institutes, are expected to fuel the demand for advanced NIR systems in upcoming years.
Near Infrared Imaging Market Segmentation
Grand View Research has segmented the global near infrared imaging market based on product, application, end-user, and region
Near Infrared Imaging Market - Product Outlook (Revenue, USD Million, 2016 - 2028)
- Devices
- Near-infrared Fluorescence Imaging Systems
- Near-infrared Fluorescence & Bioluminescence Imaging Systems
- Reagents
- Indocyanine Green (ICG)
- Other Reagents
Near Infrared Imaging Market - Application Outlook (Revenue, USD Million, 2016 - 2028)
- Preclinical Imaging
- Cancer Surgeries
- Gastrointestinal Surgeries
- Cardiovascular Surgeries
- Plastic/Reconstructive Surgeries
- Other Applications
Near Infrared Imaging Market - End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Research Laboratories
Near Infrared Imaging Market - Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Spain
- Italy
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
List of Key Players of Near Infrared Imaging Market
- Quest Medical Imaging B.V.
- Stryker
- KARL STORZ SE & Co. KG
- Olympus
- Hamamatsu Photonics K.K
- Mizuho Medical Co, Ltd.
- Shimadzu Corporation
- Leica Microsystems
- Medtronic (Visionsense)
- PerkinElmer, Inc.
- Carl Zeiss Meditec AGLI-COR, Inc.
- Fluoptics
- SurgVision
- PERKINELMER INC
Check out more related studies published by Grand View Research:
- Non-contact Infrared Thermometers Market - The global non-contact infrared thermometers market size is anticipated to reach USD 1.09 billion by 2030, registering a CAGR of 12.42% over the forecast years, according to a new report by Grand View Research, Inc. Increasing number of infectious diseases, technological advancements, and increasing use of non-contact infrared thermometer in various industries are among the major factors driving this market growth. For instance, according to the NCBI, adenovirus infection is estimated to be responsible for 7% of all respiratory infections, which lead to fever. Furthermore, 25% of people infected with adenovirus require hospitalization due to excessive fever. Thus, with the increasing number of infectious diseases, the market is anticipated to grow during the forecast period.
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Browse through Grand View Research's Medical Devices Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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