Near-Infrared Imaging Market to Reach USD 2.45 Billion by 2034

Pune, India, November 7, 2025 - The Global Near-Infrared (NIR) Imaging Market is projected to grow from USD 1.1 billion in 2024 to approximately USD 2.45 billion by 2034, registering a CAGR of 8.5% during the forecast period (2025-2034), according to Exactitude Consultancy. The market's growth is driven by the increasing use of NIR imaging in surgical oncology, cardiovascular procedures, and preclinical research, combined with technological innovations in fluorophore development and camera sensitivity.

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Key Takeaways
• Market Size (2024): USD 1.1 Billion
• Forecast (2034): USD 2.45 Billion
• CAGR (2025-2034): 8.5%
• Key Segments: Product Type, Application, End User, and Region
• Leading Companies: Stryker Corporation, Olympus Corporation, Karl Storz SE & Co. KG, Leica Microsystems (Danaher), Quest Medical Imaging, Hamamatsu Photonics, Shimadzu Corporation, and PerkinElmer Inc.

Market Story
Near-infrared imaging is revolutionizing the way surgeons and researchers visualize tissues, organs, and molecular activity. Operating in wavelengths between 700-2500 nm, NIR imaging enables high-resolution visualization of physiological processes with minimal invasiveness and superior contrast.

This technology has gained strong traction in cancer detection, cardiovascular imaging, and intraoperative visualization. The integration of NIR fluorescence with indocyanine green (ICG) and novel dyes allows surgeons to identify tumors, lymph nodes, and blood vessels in real time-enhancing surgical precision and patient safety.

Moreover, the adoption of AI-enhanced image analytics and hybrid imaging platforms (NIR combined with MRI or CT) is driving new possibilities for both diagnostic imaging and translational research. The rise of point-of-care fluorescence systems and portable NIR devices further contributes to the market's accessibility and growth in emerging regions.

Market Segmentation
By Product Type:
Devices, Reagents, Software

By Application:
Cancer Surgeries, Cardiovascular Surgeries, Plastic & Reconstructive Surgeries, Preclinical Imaging, Gastrointestinal Procedures, Others

By End User:
Hospitals, Ambulatory Surgical Centers, Research Laboratories, Pharmaceutical & Biotechnology Companies

By Region:
North America, Europe, Asia Pacific, Latin America, Middle East & Africa

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Recent Developments
• Stryker Corporation launched its next-generation SPY-PHI NIR fluorescence imaging system for handheld surgical visualization.
• Olympus Corporation introduced integrated NIR platforms combining endoscopy and ICG-guided imaging for oncology procedures.
• Karl Storz expanded its IMAGE1 STM Rubina technology featuring enhanced fluorescence imaging for laparoscopic surgeries.
• Leica Microsystems unveiled its M530 OHX Surgical Microscope with optimized NIR fluorescence capabilities for neurosurgery.
• PerkinElmer Inc. enhanced its preclinical IVIS Lumina imaging systems with AI-based quantification tools.

Expert Insight
"Near-infrared imaging is transforming the surgical landscape by offering unprecedented visibility at the molecular level. As the technology becomes smaller, smarter, and more accessible, it will play a central role in precision-guided therapy and diagnostics,"
- Lead Medical Imaging Analyst, Exactitude Consultancy.

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Market Drivers
• Rising Surgical Demand: Growth in minimally invasive and image-guided surgeries worldwide.
• Technological Advancements: AI and fluorophore innovation improving accuracy and contrast sensitivity.
• Cancer Burden: Expanding adoption of fluorescence imaging for tumor detection and margin visualization.
• R&D Investments: Increased funding in preclinical and translational imaging studies.

Forecast & Regional Insights
North America leads the global near-infrared imaging market, accounting for over 42% of total revenue in 2024, supported by early adoption of advanced imaging technologies and a strong hospital network. Europe follows, driven by high research funding and government-supported cancer diagnostics programs. The Asia-Pacific region is projected to grow at the fastest CAGR of 9.4%, propelled by expanding healthcare infrastructure, increasing cancer prevalence, and rising investments in medical imaging R&D in Japan, China, and India.

Conclusion
The near-infrared imaging market is entering a transformative phase, where precision imaging, AI integration, and molecular diagnostics converge. As surgical visualization evolves toward real-time fluorescence guidance, NIR imaging is set to become a cornerstone of modern medical imaging and surgical innovation by 2034.

This report is also available in the following languages : Japanese (近赤外線イメージング市場), Korean (근적외선 이미징 시장), Chinese (近红外成像市场), French (Marché de l'imagerie proche infrarouge), German (Markt für Nahinfrarot-Bildgebung), and Italian (Mercato dell'imaging nel vicino infrarosso), etc.

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