The Global Near Infrared Imaging Market size is estimated to be USD 0.47 billion in 2019 and is predicted to reach USD 1.19 billion by 2030 with a CAGR of 14.1% from 2020-2030.
Near Infrared Imaging uses the infrared light ranges between 650 to 950 nm to detect the structural changes in the body caused due to injury or disorders. Near infrared radiation is not harmful for the body as it is not absorbed by blood or water and illuminate the internal structure and provide clear image. It is one of the most effective non-invasive diagnostic techniques which help in the better diagnostics.
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Top Companies: Danaher Corporation (Leica Microsystems), Carl Zeiss AG, Hamamatsu Photonics K.K., Li-Cor, Inc., Karl Storz SE & Co. KG, Medtronic plc, Quest Innovations B.V. (Quest Medical Imaging B.V.), PerkinElmer Inc., Stryker Corporation and others.
The global near infrared imaging market share is analyzed on the basis of product, application, indication, end user and geography. On the basis of product, the market is segmented into Near Infrared Fluorescence Imaging Systems and Near Infrared Fluorescence & Bioluminescence Imaging Systems. Based on application, the market is fragmented into Pre-clinical Imaging, Medical Imaging (Diagnostic and Surgeries), and Clinical Imaging. Based on indication, the market is fragmented into Cancer Surgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, Plastic/Reconstructive Surgeries, and Others. On the basis of end user, the market is divided into Hospitals & Clinics, Research Laboratories, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America denotes a higher adoption of the near infrared imaging and is anticipated hold the highest market share during the forecast period. This is attributable to the factors including presence of well-established healthcare amenities, increased prevalence of chronic disorders, and technological advancements. It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increasing accessibility to healthcare facilities in the region, increasing medical tourism, and increase in geriatric population. Furthermore, increase in disposable income and increase adoption of non-invasive diagnostics techniques are also expected to support the growth of near infrared imaging market in the near future.
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