Global Near Infrared Imaging Market Analysis - Market Values, Report Scope, Research Methodology, Drivers, Restraints, and Regional Insights

Market Values:

The Global Near Infrared Imaging Market was valued at US$ 0.94 Bn. in 2022 and is projected to grow at a CAGR of 11% through the forecast period

Report Scope:

The Near Infrared Imaging Market offers a versatile diagnostic tool for non-ionizing, minimally invasive tissue imaging. This report encompasses an in-depth analysis of market dynamics, drivers, restraints, and regional insights to provide a comprehensive view of the industry.

Research Methodology:

The 2022 market size is estimated based on real numbers and outputs of key players globally. Past five years' trends are considered while forecasting for the period 2023 to 2029. The analysis acknowledges the exceptional circumstances of 2022 with the impact of regional lockdowns.

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Drivers:

The rise in the prevalence of diseases such as cancer, cardiovascular disease, neurovascular disease, and gastrointestinal disease is driving an increase in surgical procedures. Near Infrared Imaging is employed for intraoperative imaging during various surgeries, aiding surgeons in evaluating blood flow, tissue viability, and perfusion. The market is expected to be driven by the growing number of surgical procedures.

Restraints:

The lack of FDA approvals for specific fluorophores and the lengthy approval process for imaging agents hinder the growth of the Near Infrared Imaging Market. The need for targeted fluorophores, coupled with specific imaging instruments, adds complexity and delays in adoption.

Opportunities:

Emerging markets like India, China, Brazil, South Korea, Turkey, Russia, and South Africa offer high-growth prospects. The rapid economic development and rising disposable incomes in these nations encourage investment in high-quality healthcare services.

Challenges:

The complexity of Near Infrared Imaging technology, the need for trained operators, and the continuous introduction of cutting-edge products pose challenges to adoption. Efforts from manufacturers to provide training sessions may address the lack of experienced operators.

COVID-19 Impact:

The pandemic has affected the medical device sector globally, leading to reduced patient visits, deferred elective surgeries, and disruptions in clinical trials and production facilities. The impact is expected to continue affecting the Near Infrared Imaging Market in 2020.

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Market Segment Analysis:

by Type

Device
Reagent

Based on Type, the reagents category dominates the market with a 56.2% revenue share in 2022.

by Application

Preclinical Imaging
Cancer Surgeries
Gastrointestinal Surgeries
Cardiovascular Surgeries
Plastic/Reconstructive Surgeries
Other Applications

by End Use

Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Research Laboratories

In terms of End Use, hospitals and clinics lead with a revenue share of 44.8% in 2022.

Regional Insights:

North America dominated the market in 2022 with a 40.1% share, driven by consumer spending power and rapid adoption of medical technology.
The Asia Pacific region is expected to witness significant growth at a CAGR of 12% through the forecast period.

Key Players

1. Stryker
2. Karl Storz Se & Co.Kg
3. Carl Zeiss Meditech AG
4. Leica Microsystems
5. Olympus Corporation
6. PerkinElmer, Inc.
7. Li-Cor, Inc.
8. Hamamatsu Photonics K.K.
9. Quest Medical Imaging B.V.
10.Mizuho Medical Co., Ltd.
11.Fluoptics
12.Shimadzu Corporation
13.Medtronic
14.SurgVision
15.Merk & Co Inc
16.Thermo Fisher Scientific

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Table of content for the Near Infrared Imaging Market includes:

Part 01: Executive Summary

Part 02: Scope of the Near Infrared Imaging Market Report

Part 03: Global Near Infrared Imaging Market Landscape

Part 04: Global Near Infrared Imaging Market Sizing

Part 05: Global Near Infrared Imaging Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Important services:

This report offers comprehensive insights and analyses, including:

Market Share, Size, and Revenue Forecast Market Dynamics encompassing Growth Drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: An in-depth analysis by Near Infrared Imaging
Industry Landscape featuring leading key players and other prominent contributors.
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