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Near infrared imaging Market to reach USD 1.9 billion by 2028

08-26-2023 02:26 PM CET | Health & Medicine

Press release from: ReportsnReports

Near infrared imaging Market

Near infrared imaging Market

"The global near infrared imaging market is projected to grow at a CAGR of 14% during the forecast period (2023-2028)."

The global near infrared imaging market is projected to reach USD 1.9 billion by 2028 from USD 1.0 billion in 2023, at a CAGR of 14.0% from 2023 to 2028. Factors such as the high incidence/prevalence of target diseases, growing number of diagnostic imaging centers/procedures, increasing awareness about the benefits of early diagnosis of diseases, and the rapid adoption of technologically advanced NIR modalities are responsible for the increasing growth of this market.

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"The near-infrared fluorescence imaging sub-systems segment of NIR devices segment held the largest share of the market in 2022"

Based on product, the near-infrared imaging market is segmented into NIR devices, NIR imaging agents/probes and NIR dyes. The NIR devices segment of the market is further divided into near-infrared fluorescence imaging systems and near-infrared fluorescence & bioluminescence imaging systems. The near-infrared fluorescence imaging systems subsegment held a major share in the market. Advantages offered by near-infrared fluorescence imaging systems, such as high sensitivity, high-image resolution, and real-time image guidance during surgeries, are driving the growth of this product segment.

"The preclinical applications segment is projected to register the highest CAGR during the forecast period"

Based on application, the near infrared imaging market is broadly categorized into preclinical, clinical and medical. Preclinical imaging refers to the visualization of living animals for research purposes, such as for drug development. It helps scientists to detect and monitor biological mechanisms and to accurately measure and provide therapeutic responses within the body. The growing focus on developing new treatments for diseases/conditions such as cancer, inflammation, angiogenesis, infections, and vascular diseases is expected to drive the growth of this application segment during the forecast period.

The future of near-infrared (NIR) imaging holds immense promise across a spectrum of fields, from medicine to agriculture and beyond. NIR imaging involves capturing and analyzing light in the near-infrared range of the electromagnetic spectrum, providing valuable insights that are often invisible to the human eye.

In the realm of healthcare, NIR imaging has the potential to revolutionize diagnostics and treatment monitoring. Its non-invasive nature and ability to penetrate biological tissues make it invaluable for tasks like detecting tumors, assessing brain activity, and monitoring blood flow. As technology advances, portable and wearable NIR imaging devices could empower patients with real-time health monitoring.

Agriculture stands to benefit significantly from NIR imaging as well. By assessing plant health and nutrient levels, farmers can make informed decisions to optimize crop yields and reduce resource wastage. Drones equipped with NIR cameras could revolutionize precision agriculture by identifying problem areas in vast fields.

The expansion of NIR imaging into consumer electronics, security, and environmental monitoring is also on the horizon. As sensors become more sophisticated and affordable, applications such as facial recognition, pollution tracking, and quality control in manufacturing could see substantial enhancements.

Challenges remain, including refining image quality and standardizing measurement techniques. However, the future of NIR imaging is undeniably bright, with the potential to reshape industries, enhance scientific understanding, and improve our quality of life by revealing hidden insights in ways previously unimagined.

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