Near Infrared Imaging Market Revenue to Hit USD 785.1 Mn by 2032| Transparency Market Research

According to a recent analysis report from Transparency Market Research, the global sales of the 𝐍𝐞𝐚𝐫 𝐈𝐧𝐟𝐫𝐚𝐫𝐞𝐝 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 reached US$ 213.6 million in 2021. Projections indicate a promising growth trajectory, with an anticipated market expansion of 12.7% from 2022 to 2032, slightly surpassing historical trends. Notably, Preclinical Imaging emerges as the leading revenue-generating application, forecasted to exhibit a robust compound annual growth rate (CAGR) exceeding 14.2% during the period spanning 2022 to 2032.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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𝐖𝐡𝐢𝐜𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐫𝐞 𝐏𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐍𝐞𝐚𝐫 𝐈𝐧𝐟𝐫𝐚𝐫𝐞𝐝 𝐈𝐦𝐚𝐠𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐦𝐚𝐧𝐝?

The growth of the infrared imaging market is being propelled by a surge in cancer, cardiovascular, gastrointestinal, and reconstructive surgeries, along with the rising prevalence of target diseases such as breast and prostate cancer.

Cosmetic surgery, as highlighted by statistics from organizations like the American Society of Plastic Surgeons and the British Association of Aesthetic Plastic Surgeons, is emerging as a significant driver, with millions of procedures performed annually. Near-infrared imaging technology is increasingly utilized in hospitals and clinics to enhance surgical precision, detect bedsores, and minimize complications. As demand grows for less invasive and more efficient surgical procedures, the market for near-infrared imaging products is expected to expand in the coming years.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Carl Zeiss Meditec AGLI-COR, Inc., Quest Medical Imaging B.V., Olympus, Shimadzu Corporation, Mizuho Medical Co, Ltd., Hamamatsu Photonics K.K., Stryker Corporation, Quest Innovations B.V., Karl Storz SE & Co. KG, and Teledyne Princeton Instruments.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

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

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In December 2020, Olympus expanded its VISERA ELITE II surgical imaging platform and a specialized IR Xenon light source with 3D and Infrared capabilities.

In August 2019, Stryker introduced the Fluorescence Imaging technique, Spy-Phi, for the purpose of mapping lymphatics, identifying lymph nodes, and validating appropriate tissue perfusion for secure breast reconstruction. Two examples of modern technology include near-infrared technology and indocyanine green dye.

In September 2019, Stryker acquired Mobius Imaging, LLC and GYS Tech, LLC. With the acquisition, Stryker's Spine business can now enter the intra-operative imaging market with immediate effect.

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐑𝐞𝐠𝐢𝐨𝐧-𝐰𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

During the forecast period, the Asia Pacific Near Infrared Imaging Market is anticipated to present significant opportunities, with a projected valuation surpassing US$ 256 million by 2032. The region faces a growing burden of noncommunicable diseases like chronic respiratory illnesses, cancer, diabetes, and cardiovascular diseases.

According to the World Health Organization, approximately 8 million people in Asia Pacific succumb to noncommunicable diseases annually, representing 55% of all deaths. Chronic noncommunicable diseases are increasingly becoming a predominant health concern, particularly in countries like China and India. These chronic illnesses contribute significantly to mortality and disability among the elderly population in these regions. With about 21% of older individuals in India affected by at least one chronic condition, and similar trends observed in other countries, the rising prevalence of chronic diseases is a key driver for the growth of the Near Infrared Imaging Market in Asia Pacific.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Drivers:

Technological Advancements in NIR Imaging Systems
Growing Demand for Non-Invasive Medical Diagnostics
Increasing Adoption of Precision Agriculture Practices
Rising Focus on Food Quality Assessment
Expansion of Pharmaceutical Research Activities

Challenges:

High Initial Investment Costs
Lack of Skilled Professionals
Regulatory Hurdles in Medical Imaging

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Integration of Artificial Intelligence (AI) in NIR Imaging Systems
Miniaturization of NIR Devices for Portable Applications
Development of Multimodal Imaging Systems
Increasing Focus on Hyperspectral Imaging

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐉𝐞𝐞𝐩-𝐥𝐢𝐤𝐞 𝐌𝐢𝐥𝐢𝐭𝐚𝐫𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/16/2628283/0/en/Jeep-like-Military-Vehicle-Market-to-Reach-US-5-6-Bn-by-End-of-2031-The-2501-lbs-to-5000-lbs-payload-capacity-segment-held-a-major-share-in-2022.html

𝐎𝐩𝐭𝐢𝐜𝐚𝐥 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/03/17/2629663/0/en/Demand-for-Optical-Position-Sensors-Market-to-Reach-US-4-4-Bn-at-a-CAGR-of-8-9-2023-2031-Transparency-Market-Research-Inc.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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