Near Infrared Imaging Market report brings into light key market dynamics of the sector. It gives an in-depth knowledge on what the recent developments are, product launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry. It provides guidelines about planning of advertising and sales promotion efforts. The Near Infrared Imaging Market report is a professional yet exhaustive study on the current as well as future state for the market. This report analyzes the status and future forecast involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast in the major regions of the world.
As per a new industry analysis by Fact.MR, a market research and competitive intelligence provider, the global near infrared imaging market is forecasted to surge ahead at a stellar CAGR of 16% from 2022 to 2027.
Near infrared imaging or spectroscopy is generally a better option than other approaches as it offers superior resolution and doesn’t hurt patients. Market growth is attributed to the rapidly ageing population, growing prevalence of chronic diseases, and technological advancements in near infrared imaging systems.
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The market is expected to increase as a result of rising demand for innovative fluorescence imaging devices for deep tissue penetration. The development of a method for breast cancer screening is the most significant focus of near infrared (NIR) medical imaging research, which also examines many other potential clinical uses. When compared to other invasive imaging methods such as electroencephalography (EEG), positron emission tomography (PET), and others, this technique uses an incoherent light source, which is often safer.
During surgical procedures, NIR imaging helps surgeons evaluate blood flow, tissue viability, and perfusion. Near infrared imaging is utilized in cancer procedures to create positive margins that aid in separating malignant tumors from healthy tissues.
Demand for near infrared imaging technologies in neurology is anticipated to rise significantly as a result of the early detection of Alzheimer’s disease using non-invasive near infrared spectroscopy. Functional near-infrared spectroscopy is being used more widely in the field of neuroimaging and is combined with optical imaging technologies.
Key Takeaways from Market Study
- The global near infrared imaging market is expected to reach US$ 2.1 billion by 2027.
- Market in Canada is projected to evolve at a CAGR of 14% over the forecast period.
- Market in Germany is anticipated to accelerate at a CAGR of 12% through 2027.
- Demand for reagents is predicted to increase at a CAGR of 15% from 2022 to 2027.
“Growing usage of technologically advanced imaging techniques, rising elderly population, increase in health consciousness, and growing awareness among the population about near infrared imaging benefits are factors driving market expansion,” says a Fact.MR analyst
Winning Strategy
Key companies are enhancing their research and development capabilities. Top market players are investing in the development of novel products to successfully fulfil the rising customer demand and acquire a competitive edge in the industry.
- In 2020, a specialized IR Xenon light source with 3D and infrared capabilities was added by Olympus to its VISERA ELITE II surgical imaging platform, together with the 3D ENDOEYE video laparoscope.
- In 2021, the newest development in endoscopic imaging, the IMAGE1 S Rubina multimode viewing system, was introduced by KARL STORZ. By utilizing indocyanine green dye, near-infrared light, and fluorescence-guided imaging, this technology combines cutting-edge 4K resolution with outstanding fluorescence-guided imaging.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global near infrared imaging market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis of product (devices, reagents), application (preclinical imaging, cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries, others), and end user (hospitals & clinics, pharmaceutical & biotechnology companies, research laboratories), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
