USD 0.92 Billion
Near Infrared Imaging Market Size, Share, Growth Analysis, By Product Type(Devices (Fluorescence Imaging Systems, Fluorescence & Bioluminescence Imaging Systems High Slice, Scanners), NIR Imaging Agents/Probes (Indocyanine Green), By Application(Preclinical, Clinical, Medical), By Procedure(Cancer Surgeries (Brain Cancer/Tumor Surgeries, Other Cancer Surgeries), GIT Surgeries (Colorectal Surgeries, Other GIT Surgeries)), By End user(Hospitals, Clinics, Research Institutes, And Pharmaceutical Companies), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2378 |
Region:
Global |
Published Date: September, 2024
Pages:
219
|Tables:
71
|Figures:
75
Near Infrared Imaging Market Insights
Near Infrared Imaging Market size was valued at USD 1.06 Billion in 2023 and is poised to grow from USD 1.22 Billion in 2024 to USD 3.62 Billion by 2032, growing at a CAGR of 14.7% during the forecast period (2025-2032).
Global Near-Infrared Imaging Market is a rapidly evolving sector, revolutionizing the field of medical diagnostics and imaging. The rising prevalence of chronic diseases, such as cancer and cardiovascular disorders, has created rapid demand for accurate diagnostic tools. Near-infrared imaging offers enhanced visualization and tissue differentiation capabilities, leading to early detection and improved patient outcomes. Additionally, the growing adoption of minimally invasive surgical procedures further drives the market, as near-infrared imaging enables surgeons to navigate complex anatomical structures with enhanced precision, reducing surgical risks and complications.
While the near-infrared imaging market showcases immense potential, it does face certain challenges that may restrain its growth. One major restraint is the high cost associated with near-infrared imaging systems, limiting their accessibility, particularly in resource-constrained regions. Moreover, stringent regulatory requirements and reimbursement limitations pose hurdles to market expansion. Addressing these challenges will be crucial to unlocking the full potential of near-infrared imaging technology. Several key trends are shaping the near-infrared imaging market. One notable trend is the integration of artificial intelligence (AI) and machine learning algorithms into near-infrared imaging systems. This enables automated image analysis, enhancing accuracy and efficiency in interpretation. Another trend is the development of portable and handheld near-infrared imaging devices, facilitating point-of-care diagnostics and expanding the technology's reach to remote areas and emergency situations. The near-infrared imaging market presents abundant opportunities for industry players.
With the growing demand for personalized medicine, there is a need for customized imaging solutions that cater to specific patient requirements. Furthermore, collaborations between healthcare providers, researchers, and technology developers can drive innovation, leading to the development of novel applications and improved imaging modalities. Additionally, emerging economies with improving healthcare infrastructure offer untapped potential for market expansion, presenting opportunities for market players to penetrate new geographical regions.
US Near Infrared Imaging Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Devices
Fastest Growth
Devices
Growth Rate
14.7% CAGR
Global Near Infrared Imaging Market ($ Bn)
largest
Country Share for North America Region (%)
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Near Infrared Imaging Market Segmental Analysis
Global Near Infrared Imaging Market is segmented based on product type, application, end user, procedure and region. Based on product type, the market is segmented into devices, reagents, and software. Based on application, the market is segmented into oncology, neurology, cardiovascular diseases, plastic surgery, gastrointestinal disorders, and others. Based on end user, the market is segmented into hospitals, clinics, research institutes, and pharmaceutical companies. Based on procedure it is segmented into Cancer Surgeries, Brain Cancer/Tumor Surgeries, Other Cancer Surgeries, GIT Surgeries, Colorectal Surgeries, Other GIT Surgeries, Cardiovascular Surgeries Plastic/Reconstructive Surgeries, OB/GYN Surgeries, Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Product Type
Based on product, the global near infrared imaging market is segmented into NIR devices, NIR imaging agents/probes, and NIR dyes. In 2023, the NIR devices system segment accounted for the largest market share. The rising use of advanced instruments in oncology research and the need for better turnaround time, high-image resolution, real-time image guidance during surgeries and enhanced precision is driving the segment growth.
Analysis By End User
Based on end user, the global near infrared imaging market is segmented into hospitals & clinics, research laboratories, and pharmaceutical & biotechnology companies. In 2032, hospitals and clinics accounted for the largest market share. The rising prevalence of cancer and the growing number of plastic and reconstructive surgeries performed in hospitals and clinics are the key factors driving the market growth.
Analysis By application
Based on procedure, the global near infrared imaging market is segmented into preclinical, clinical, and medical. Preclinical applications register the highest growth rate during the forecast period. The major factors responsible for the highest growth rate of this segment are the advanced modalities and increasing surgical procedures at the medical facilities.
Analysis By Procedure
Based on procedure, the global near infrared imaging market is segmented into cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries, and ob/gyn surgeries and other applications. Cancer surgery applications register the highest growth rate during the forecast period. The rising prevalence of cancer across the globe is the major factor driving the growth of this segment.
Global Near Infrared Imaging Market By Product Type
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Near Infrared Imaging Market Regional Insights
North America dominated the global market. With advanced healthcare infrastructure and substantial investments in research and development, North America has established itself as a key player in near-infrared imaging. The region is home to prominent market players and research institutions that drive innovation and contribute to the market's growth. For example, companies like Stryker Corporation and Medtronic, Inc. have a strong presence in the North American market, offering a wide range of near-infrared imaging solutions. Additionally, academic and research institutions such as the Massachusetts General Hospital and the University of California, Los Angeles (UCLA) are actively involved in developing and evaluating near-infrared imaging technologies, further propelling market growth in the region.
The Asia-Pacific region is anticipated to be the fastest-growing region. Rapidly improving healthcare infrastructure, a large patient population, and increasing healthcare expenditures contribute to the region's growth potential. Countries like China, India, and Japan are witnessing significant advancements in medical technology and are investing in the adoption of near-infrared imaging solutions. For instance, companies such as Shimadzu Corporation and Hamamatsu Photonics K.K., based in Japan, are actively involved in developing innovative near-infrared imaging systems. The Asia-Pacific region presents attractive market opportunities due to its vast population, rising healthcare awareness, and increasing demand for advanced medical imaging techniques.
Global Near Infrared Imaging Market By Region
- Largest
- Fastest
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Near Infrared Imaging Market Dynamics
Near Infrared Imaging Market Drivers
Increasing Demand for Non-Invasive Diagnostic Techniques
- The rising demand for non-invasive diagnostic techniques is a significant driver in the near-infrared imaging market. Patients and healthcare professionals increasingly prefer imaging modalities that minimize patient discomfort and reduce the risk of complications. Near-infrared imaging provides non-invasive imaging with high-resolution and real-time capabilities, allowing for early detection and accurate diagnosis. For example, in breast cancer imaging, near-infrared imaging techniques such as diffuse optical tomography (DOT) and optical coherence tomography (OCT) offer non-invasive alternatives to traditional mammography, reducing patient anxiety and enhancing diagnostic accuracy.
Near Infrared Imaging Market Restraints
High Cost of Near-Infrared Imaging Systems
- The high cost associated with near-infrared imaging systems poses a significant restraint on market growth. The complex technology, specialized equipment, and research and development expenses contribute to the high upfront and maintenance costs of these systems. This restricts their affordability and accessibility, particularly in resource-constrained regions and healthcare settings. Overcoming cost barriers and offering cost-effective solutions will be crucial for market expansion and the widespread adoption of near-infrared imaging.
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Near Infrared Imaging Market Competitive Landscape
The Global Near-Infrared Imaging Market features a competitive landscape with several prominent players striving to capture market share. These companies invest heavily in research and development activities to develop advanced imaging technologies and gain a competitive edge. Some key players in the market focus on product innovation, strategic partnerships, and mergers and acquisitions to expand their product portfolios and strengthen their market presence. Additionally, collaborations with healthcare institutions and research organizations are common strategies to drive advancements in near-infrared imaging technology. As the market continues to evolve, competition is expected to intensify, leading to further innovations and technological breakthroughs in near-infrared imaging solutions.
Near Infrared Imaging Market Top Player’s Company Profile
- Siemens Healthineers AG (Germany)
- Koninklijke Philips N.V. (Netherlands)
- Carl Zeiss Meditec AG (Germany)
- Leica Microsystems GmbH (Germany)
- Hamamatsu Photonics K.K. (Japan)
- Medtronic plc (Ireland)
- Stryker Corporation (US)
- Hitachi, Ltd. (Japan)
- PerkinElmer, Inc. (US)
- Shimadzu Corporation (Japan)
- Bruker Corporation (US)
- GE Healthcare (US)
- Olympus Corporation (Japan)
- Thermo Fisher Scientific Inc. (US)
- FUJIFILM Holdings Corporation (Japan)
- Li-Cor Biosciences (US)
- Hamamatsu Photonics K.K. (Japan)
- KARL STORZ SE & Co. KG (Germany)
- Miltenyi Biotec (Germany)
- Nikon Corporation (Japan)
- Agilent Technologies, Inc. (US)
Near Infrared Imaging Market Recent Developments
- The new NIRQuest 700 imaging system was introduced by Quest Medical Imaging BV in June 2023.A high-performance near-infrared imaging system, the NIRQuest 700 is intended for use in a range of clinical settings, such as therapy monitoring and cancer detection.
- In March 2023, Hamamatsu Photonics announced the launch of its new NIR-A1200 near infrared camera, which is designed for use in a variety of industrial and scientific applications.
- In April 2023, Olympus announced the launch of its new NIR-D7000 near infrared camera, which is designed for use in a variety of medical and industrial applications.
- In May 2023, PerkinElmer announced the launch of its new NIRQuest 5000 imaging system, which is designed for use in a variety of research and clinical applications.
Near Infrared Imaging Key Market Trends
- Integration of Artificial Intelligence (AI): The integration of AI and machine learning algorithms into near-infrared imaging systems is a prominent trend in the market. AI algorithms can analyze large datasets and assist in image interpretation, leading to more accurate and efficient diagnoses. For example, AI algorithms can identify patterns and anomalies in near-infrared images of the brain, aiding in the early detection and characterization of neurodegenerative diseases such as Alzheimer's.
Near Infrared Imaging Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Near-Infrared Imaging Market analysis, the market is experiencing robust growth and is poised for continued expansion in the coming years. The market is being primarily driven by the increasing demand for non-invasive and accurate diagnostic techniques, particularly in the fields of oncology, neurology, and cardiovascular diseases. Near-infrared imaging offers real-time, high-resolution imaging capabilities, enabling early detection and precise treatment planning. Additionally, the growing adoption of minimally invasive surgical procedures is bolstering market growth, as near-infrared imaging provides enhanced visualization and guidance for surgeons. However, challenges such as high costs associated with imaging systems and stringent regulatory requirements may hinder market growth to some extent. Nevertheless, the market research analysts remain optimistic, highlighting key trends such as the integration of AI and machine learning and the development of portable imaging devices as opportunities for market expansion. Overall, the global near-infrared imaging market is projected to flourish in the foreseeable future, driven by the increasing need for advanced diagnostic solutions and continuous technological advancements.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 0.92 Billion |
| Market size value in 2031 | USD 3.16 Billion |
| Growth Rate | 14.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Near Infrared Imaging Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Near Infrared Imaging Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Near Infrared Imaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Near Infrared Imaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Near Infrared Imaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Near Infrared Imaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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