Global Indocyanine Green Market Size is Expected to Reach USD Million, with a CAGR of % by 2031

According to our (Global Info Research) latest study, the global Indocyanine Green market size was valued at US$ 85.7 million in 2024 and is forecast to a readjusted size of USD 123 million by 2031 with a CAGR of 4.8% during review period.

Indocyanine green (ICG) (CAS 3599-32-4), a cyanine dye used in medical diagnostics to determine cardiac output, hepatic function, and liver blood flow, and for ophthalmic angiography. It is a sterile, lyophilized green powder with a peak spectral absorption at 800 nm. These infrared frequencies penetrate retinal layers, allowing ICG angiography to image deeper patterns of circulation than fluorescein angiography.

Europe is the largest Indocyanine Green (CAS 3599-32-4) market with about 52% market share. USA is follower, accounting for about 22% market share.The key manufacturers are Pulsion Medical Systems AG,Dandong Yichuang Pharmaceutical, Diagnostic Green, SERB, Daiichi Sankyo Company, Santen Pharmaceutical, Aurolab, Eisai, etc. Top 3 companies occupied about 60% market share.

Market drivers

Increasing demand for precision medicine

The popularization of fluorescence navigation technology in tumor surgery (such as da Vinci robotic surgery) has made ICG a key reagent for intraoperative imaging. High-incidence tumors such as liver cancer and breast cancer have driven demand (China has more than 400,000 new cases of liver cancer each year).

Technology upgrade and expansion of indications

ICG combined with near-infrared imaging (NIR) technology has been expanded to new scenarios such as lymphangiography and gastrointestinal anastomosis. Nanocarrier technology improves ICG stability and prolongs imaging time (such as tumor-targeted ICG nanoformulations).

Popularization of minimally invasive surgery

The proportion of minimally invasive surgeries such as laparoscopy and thoracoscopy has increased, and the demand for ICG imaging has surged.

This report is a detailed and comprehensive analysis for global Indocyanine Green market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

"Indocyanine Green" 2025 Breakdown, Data Source, Secondary Sources, Primary Sources, Research Report delivers leading competitors strategic analysis, with micro and macro-economic factors, market trends, future growth scenarios, with pricing analysis. This report provides a holistic overview on Market Current Situations, Key Collaborations, Merger & Acquisitions along with Trending Innovations and New Business Development Policies. A detailed professional report focusing on primary and secondary growth drivers, regional segments, growth share, and geographical analysis of top key players. Indocyanine Green trend analysis with historical data, estimates to 2025 and Compound Annual Growth Rate (CAGR) forecast to 2031.

Top Key Players Covered in Market Report 2025-2031:Pulsion Medical Systems AG、Dandong Yichuang Pharmaceutical、Daiichi Sankyo Company、SERB、Santen Pharmaceutical、Diagnostic Green、McKesson Corp、OriFarm、Jeil Pharmaceutical、Aurolab、Cellbion、Eisai

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Short Description of the Indocyanine Green 2025-2031:
Market Overview of Global Indocyanine Green: According to our latest research, the global Indocyanine Green looks promising in the next 6 years. As of 2025, the global Indocyanine Green was estimated at USD Million, and it's anticipated to reach USD Million in 2031, with a CAGR during the forecast years. This report covers a research time span from 2020 to 2031, and presents a deep and comprehensive analysis of the global Indocyanine Green, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.

Global and Regional Analysis:
North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Market Segmentation
Indocyanine Green report provides an exhaustive 360-degree analysis, by utilizing both primary and secondary research techniques. The research gained comprehensive insights into current market dynamics, pricing trends, developments, supply-demand and evolving consumer behaviors.

On the basis of product type, this report displays the production, revenue, price, market
25mg、50mg

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each
Ophthalmology、Neurosurgery、Liver Diseases、Others

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Our method for estimating market size is holistic and multifaceted. We assess vital industry trends, regulatory landscapes, and segment-specific dynamics, evaluating their potential influence on demand projections. Key macroeconomic factors, including price fluctuations, demographic shifts, and changes in demand patterns, are integrated into our calculations. To discover market value, we not only delve deep into the profiles of prominent players and their global market shares but also rely on our frequently updated internal database, enriched with insights and announcements from pivotal market stakeholders.

Some of the Key Questions Answered in this Report:

1. What is the Indocyanine Green size at the regional and country level

2. What are the key drivers, restraints, opportunities, and challenges of the Indocyanine Green, and how they are expected to impact the market

3. What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Indocyanine Green

4. Who are the global key manufacturers of the Indocyanine Green? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)

5. What are the Indocyanine Green opportunities and threats faced by the vendors in the Indocyanine Green?

6. Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

7. What focused approach and constraints are holding the Indocyanine Green?

8. What are the different sales, marketing, and distribution channels in the global industry?

9. What are the key market trends impacting the growth of the Indocyanine Green?

10. Economic Impact on the Indocyanine Green and development trend of the Indocyanine Green

11. What are the Indocyanine Green opportunities, market risk, and market overview of the Indocyanine Green
The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Hydrogen Bromide product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Hydrogen Bromide, with price, sales, revenue and global market share of Hydrogen Bromide from 2020 to 2025.

Chapter 3, the Hydrogen Bromide competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Hydrogen Bromide breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2020 to 2024.and Indocyanine Green forecast, by regions, type and application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen Bromide.

Chapter 14 and 15, to describe Hydrogen Bromide sales channel, distributors, customers, research findings and conclusion.

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Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

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