Press release
Indocyanine Green Market Set for Significant Expansion, Projected to Grow at a CAGR of 5.1% from 2025 to 2033 | Key Players Include Diagnostic Green GmbH, FujiFilm Wako Pure Chemical Corporation, Sigma-Aldrich, SERB Pharmaceuticals, and BioCare Medical
Indocyanine Green Market
The growing prevalence of liver disorders, cardiovascular diseases, and cancer has accelerated the need for advanced diagnostic imaging agents. Additionally, the integration of ICG-based imaging with minimally invasive and robotic surgeries has significantly enhanced procedural precision, promoting its use in operating rooms worldwide. Technological innovations in fluorescence-guided surgery systems and rising awareness among healthcare professionals about ICG's safety profile are expected to further drive market growth.
Market Size & Insights
The indocyanine green market was valued at approximately USD 127 million in 2024 and is anticipated to reach USD 198 million by 2033, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2025 to 2033, reflecting a strong growth trajectory fueled by rising demand across surgical imaging, diagnostics, and life sciences research. Indocyanine green is a vital component in fluorescence-guided imaging systems, enabling real-time visualization of blood vessels, lymph nodes, and tumor margins with exceptional accuracy.
Growing adoption of image-guided surgical procedures, particularly in oncology, cardiovascular surgery, and ophthalmology, has strengthened market demand. Hospitals and surgical centers are increasingly integrating ICG fluorescence imaging systems to improve visualization during complex procedures such as liver resection, coronary artery bypass, and lymphatic mapping.
Furthermore, the surge in clinical research applications using ICG as a tracer in drug delivery and tissue perfusion studies is expanding its scope beyond diagnostics. The market is also benefiting from favorable regulatory approvals and ongoing innovation in high-purity and stable ICG formulations that ensure better safety and efficacy. As healthcare infrastructure advances globally, particularly in emerging markets, the accessibility and utilization of ICG-based products are expected to grow substantially.
Get a free sample report: https://datahorizzonresearch.com/request-sample-pdf/indocyanine-green-market-54805
Important Points
• Rising use of indocyanine green in fluorescence-guided surgeries and diagnostic imaging.
• Increasing cases of liver, cardiovascular, and oncological diseases driving ICG adoption.
• Growing integration of near-infrared imaging systems in hospitals and surgical centers.
• Technological advancements improving dye stability, purity, and bioavailability.
• Expanding research on ICG's use in drug tracking and biomedical imaging.
• Rising awareness of minimally invasive surgical procedures and precision diagnostics.
Key Factors Driving the Future Growth of the Indocyanine Green Market
• Technological Integration: Adoption of ICG-based fluorescence imaging in robotic and laparoscopic surgeries.
• Expanding Clinical Applications: Broadened use in cardiovascular diagnostics, oncology, and ophthalmology.
• Research and Innovation: Increasing R&D on novel ICG formulations for targeted imaging and photodynamic therapy.
• Growing Healthcare Expenditure: Rising investments in advanced diagnostic and surgical infrastructure.
• Regulatory Support: Approvals for ICG usage in newer medical and research applications.
• Emerging Markets Expansion: Rapid healthcare development in Asia-Pacific and Latin America fueling adoption.
Top 10 Market Companies
• Diagnostic Green GmbH
• FujiFilm Wako Pure Chemical Corporation
• Sigma-Aldrich (Merck KGaA)
• SERB Pharmaceuticals
• BioCare Medical
• PerkinElmer Inc.
• Akorn Pharmaceuticals
• Cardiovascular Systems Inc.
• GE Healthcare
• LI-COR Biosciences
Market Segments
By Type
• Medical Grade Indocyanine Green
• Industrial Grade Indocyanine Green
By Form
• Powder
• Solution
By Application
• Medical Diagnostics
• Cancer Detection & Imaging
• Cardiovascular Diagnostics
• Liver Function Assessment
• Others
By End-User
• Hospitals
• Diagnostic Centers
• Pharmaceutical & Biotechnology Companies
• Others
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Recent Developments
• Diagnostic Green GmbH launched a new high-purity ICG formulation optimized for near-infrared fluorescence imaging.
• FujiFilm Wako expanded its product line to include research-grade ICG dyes for molecular imaging studies.
• SERB Pharmaceuticals received regulatory clearance for an injectable ICG formulation for hepatic diagnostics in multiple regions.
• BioCare Medical introduced ICG-based imaging kits designed for clinical and research use.
• GE Healthcare partnered with surgical imaging companies to integrate ICG fluorescence in advanced imaging systems.
• PerkinElmer enhanced its fluorescence imaging instruments for preclinical ICG studies in oncology research.
Regional Insights
North America dominates the indocyanine green market, accounting for over 35% of global revenue, supported by high adoption in fluorescence-guided surgeries and extensive research applications. Europe follows closely, with countries like Germany, France, and the U.K. integrating ICG into advanced imaging systems. Asia-Pacific is projected to record the fastest growth, driven by rising healthcare investments, growing prevalence of liver and cancer diseases, and the expansion of surgical facilities in China, Japan, and India. Meanwhile, Latin America and the Middle East & Africa are emerging markets with growing adoption in hospitals and diagnostic centers.
Market Outlook
The outlook for the global indocyanine green market remains highly optimistic through 2033, as medical imaging and surgical precision continue to advance. With the global shift toward minimally invasive and image-guided surgeries, ICG is expected to play an increasingly critical role in real-time tissue visualization and perfusion assessment. The dye's versatility across disciplines-from oncology and cardiovascular surgery to ophthalmology and hepatology-is ensuring its sustained demand in clinical practice.
In the coming years, technological convergence between AI-driven imaging systems and ICG fluorescence visualization will further revolutionize diagnostics and surgery. Research into ICG-conjugated nanoparticles and targeted imaging agents is opening new possibilities for precision medicine and theranostics.
However, challenges such as supply chain limitations, storage sensitivity, and high production costs of medical-grade ICG may temporarily hinder market expansion. Nonetheless, with rising healthcare accessibility, supportive regulations, and increasing investments in surgical technologies, the market is set to witness robust growth. By 2033, Indocyanine Green is expected to be integral to next-generation medical imaging and guided therapy systems, marking a new era of high-precision diagnostics and surgery.
Contact:
Ajay N
Ph: +1-970-633-3460
Latest Reports:
Smart And Interactive Textiles Market: https://datahorizzonresearch.com/smart-and-interactive-textiles-market-44927
Ct And X-Ray Inspection Equipment Market: https://datahorizzonresearch.com/ct-and-x-ray-inspection-equipment-market-45603
Coding Interview Platform Market: https://datahorizzonresearch.com/coding-interview-platform-market-46279
Bone Age Assessment Software Market: https://datahorizzonresearch.com/bone-age-assessment-software-market-46955
Company Name: DataHorizzon Research
Address: North Mason Street, Fort Collins,
Colorado, United States.
Mail: sales@datahorizzonresearch.com
DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR's comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Indocyanine Green Market Set for Significant Expansion, Projected to Grow at a CAGR of 5.1% from 2025 to 2033 | Key Players Include Diagnostic Green GmbH, FujiFilm Wako Pure Chemical Corporation, Sigma-Aldrich, SERB Pharmaceuticals, and BioCare Medical here
News-ID: 4225028 • Views: …
More Releases from DataHorizzon Research
Engine and Powertrain Testing Market (CAGR 2025-2033: 5.7%) - Key Players: AVL L …
According to a new study by DataHorizzon Research, the "Engine and Powertrain Testing Market" is projected to grow at a CAGR of 5.7% from 2025 to 2033, driven by the rapid modernization of automotive powertrains, growing focus on cleaner mobility, and the global commitment to meeting stringent emission standards. With the transition toward hybrid and electric vehicles accelerating worldwide, testing technologies are becoming more advanced, data-driven, and automation-enabled. Manufacturers are…
Copper Conductive Ink Market (CAGR 2025-2033: 7.5%) - Key Players: DuPont, Sun C …
According to a new study by DataHorizzon Research, the "Copper Conductive Ink Market" is projected to grow at a CAGR of 7.5% from 2025 to 2033, driven by the expanding demand for high-performance printed electronics, cost-efficient conductive materials, and the global shift toward flexible, lightweight, and sustainable electronic components. The increasing transition from silver-based conductive inks to copper solutions-primarily due to their lower cost and comparable electrical performance-is strengthening market…
Sterile Medical Packaging Market (CAGR 9.4% by 2033) - With Insights from Amcor, …
According to a new study by DataHorizzon Research, the "Sterile Medical Packaging Market" is projected to grow at a CAGR of 9.4% from 2025 to 2033, driven by growing demand for infection-free medical supplies, increasing global healthcare expenditure, and widespread adoption of stringent sterilization standards across hospitals, laboratories, and pharmaceutical manufacturing. Rising incidences of hospital-acquired infections, the need for safe transportation of medical devices, and the rapid surge of single-use…
Laboratory Autoclave Market (CAGR 6.8% by 2033) - With Insights from Tuttnauer, …
According to a new study by DataHorizzon Research, the "Laboratory Autoclave Market" is projected to grow at a CAGR of 6.8% from 2025 to 2033, driven by rapid expansion of laboratory infrastructure, rising emphasis on biosafety compliance, and the growing need for reliable sterilization technologies across research, pharmaceutical, clinical, and industrial laboratories. As laboratories handle increasingly complex biological specimens, sterilization precision and regulatory adherence have become critical, pushing the demand…
More Releases for ICG
ICG Launches Comprehensive Artist Development Program to Elevate Emerging Talent …
Industry Veterans Sean "Eric" Steals and Sean Steals Team Up to Drive Talent Success, Leveraging a Legacy of Musical Excellence
Innovative Communications Group LLC (ICG) proudly announces the launch of its groundbreaking Artist Development Program, designed to empower emerging artists and entertainers to break into the highly competitive nightclub and live entertainment scene across the United States.
This comprehensive service, offers a full suite of promotional tools including a professionally crafted Electronic…
ICG is Microsoft "Gold Certified Partner"
The quality in manufacturing and marketing of solutions for the sectors Hospitality Industry, Commerce, Industry and Distribution, and Business Management, developed by the company ICG Software and the installation of SQL Server in the deployments the Group carried out in the 37 countries in the world where it distributes its products, led Microsoft to want to extend and strengthen the alliance partnership with the ICG group, as a continuation and…
ICG Mexico holds a convention for partners and end-users
Aiming to strengthen its expansion across the country and to triple the turnover, ICG Mexico held a convention with various responsible of collaborating companies that are part of the current distribution channel of ICG products in the Latin American country.
Another objective of the event, which counted on the presence of the manager of ICG Software Angel Madrona, was to incorporate new partners in the structure of its distribution channel to…
Balearia - one year of success with ICG solutions
The Balearia group, the leading shipping company operating in the Mediterranean, will introduce new ICG solutions after closing a year of great business successes where all its ferries were computerized with the technological applications from ICG Software.
The implementation was carried out by SIGMA SL, our Master Provider in Alicante, in response to the needs demanded by the company, and allowed Balearia to know the production by boat and line thanks…
ICG Software opens own headquarters in Uruguay
Responding to the need to increment our international expansion, the ICG Software group will open an own office in the Oriental Republic of Uruguay, in order to foster the strong growth of business in the Southern Cone.
The opening ceremony, to be held on March 25 at the facilities of ICG Uruguay in Montevideo, will be chaired by His Excellency mr. Daniel Martínez, Minister of Industry, Energy and Mining of the…
ICG was present at the CeBIT 2008 show
With the objective to continue our presence at international events as a quality guarantee. One more year ICG was present with our own booth at CeBIT 2008, one of the most important new technology shows in Europe, organized in the German city of Hanover from 4 to 9 of March.
One of our main objectives of this edition of the CeBIT was to promote our specialized technology solutions for the management…
