Near Infrared Imaging Market Revenue to Cross US$ 543.24 million by 2027 says, The Insight Partners

The scope of the Near Infrared Imaging market includes procedure Near Infrared Imaging products, applications, end user and region. The market for Near Infrared Imaging is analyzed based on regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the Near Infrared Imaging market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the globe.

The Near Infrared Imaging Market was valued at US$ 395.14 million in 2019 and is projected to reach US$ 543.24 million by 2027; it is expected to grow at a CAGR of 4.2% from 2020 to 2027.

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Global near infrared imaging market, based on near infrared imaging products, the near infrared imaging market is segmented into device and reagents. In 2019, the devices segment accounted for the highest share of the market. Growth of this segment is attributed to increasing adoption of near infrared imaging systems in surgical procedures. The same segment is likely to register highest CAGR in the global Near Infrared Imaging market during the forecast period.

Near infrared imaging uses light from 650 to 950 nm to detect any caused changes, accidents, or illnesses. It is an effective diagnostic tool for tissue imaging that is minimally invasive and non-ionizing. Blood or water, which are the main components of tissues, do not absorb NIR well thereby increasing the changes in illumination for internal structures. Since it offers faster resolution and is less harmless to patients, it is beneficial over other strategies.

Global near infrared imaging market, based on application, the near infrared imaging market is segmented into pre-clinical imaging, cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries, and other applications. The cancer surgeries segment held the largest share of the market in 2019, and same segment is anticipated to register the highest CAGR of 4.7% in the market during the forecast period.

Company Profiles

KARL STORZ SE AND CO.KG
OLYMPUS CORPORATION
CARL ZEISS MEDITECH AG
LEICA MICROSYSTEMS
PERKINELMER, INC.
LI-COR, INC.
HAMAMATSU PHOTONICS K.K.
QUEST MEDICAL IMAGING B.V
MIZUHO MEDICAL CO., LTD
SHIMADZU CORPORATION

COVID-19 pandemic has become the most significant challenge across the world. This challenge will be frightening especially in developing countries across the globe as it will lead to reducing imports due to disruptions in global trade. The COVID-19 pandemic affected the pharmaceutical, medical device, R & D, and other businesses across the globe. Near infrared imaging devices are critical care medical devices in several surgical procedures. As the rise of the pandemic crisis was uncertain, there is shortage in supply of various diagnostic imaging devices and consumables. It has been difficult for the hospital to manage the medical devices used for inhouse patients and COVID19 patients. To deal with the situation, the market players focus their business operations towards increasing the production capacities. For instance, US based company Li-Cor, Inc. has accelerated its production lines for Near-infrared (NIR) Western blotting systems and the In-Cell Western Assay consumables which are valuable tools offered by Li COR Inc. and will expedite the research on COVID 19 vaccine development.

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