The near infrared imaging market is anticipated to have reached a valuation of USD 2.2 billion in 2024. The market has progressed from USD 2.1 million in 2022. The market is predicted to grow at an exceptional CAGR of 3.9% over the forecast period of 2024 to 2034. By 2034, the size of the near infrared imaging market is expected to have ballooned to USD 3.2 billion.
Near Infrared Imaging Market Analysis and Insights
| Attributes | Details |
|---|---|
| Near Infrared Imaging Market Value for 2024 | USD 2.2 billion |
| Projected Market Value for 2034 | USD 3.2 billion |
| Value-based CAGR of Market for 2024 to 2034 | 3.9% |
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The near infrared imaging market is projected to grow at a rate far eclipsing the rate during the historical period from 2018 to 2022. Rising technology advancements and other factors are all suggested to contribute to the immense growth in the market.
| Historical market valuation, 2022 | 2.1 billion |
|---|
Demand for advanced technology during the COVID-19 pandemic has increased. Also, the adoption rate of advanced technologies and devices increased at the time, leading to immense growth observed in the Near Infrared imaging Market. However, the COVID-19 pandemic boosted the use of technological devices for the treatment of diseases due to the increasing number of COVID-19 cases day by day.
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By looking at the segments, the preference of the consumers in the way near infrared are consumed can be observed. The dominance of the leaders in the segments is also observed.
The devices segment is expected to grow at a 3.7% CAGR over the forecast period. The devices segment is dominating the market owing to the introduction and endorsement of surgical near-infrared imaging equipment. The category is further divided into two groups: imaging systems for near-infrared fluorescence plus bioluminescence and near-infrared fluorescence alone.
| Attributes | Details |
|---|---|
| Top Product Type | Devices |
| Market Share in 2024 | 3.7% |
The cancer surgeries segment is expected to grow at a 3.4% CAGR over the forecast period. The cancer surgeries segment is dominating the market owing to the increasing prevalence of cancer worldwide. The NIR is specially used in preclinical imaging research to study cancer or other diseases.
| Attributes | Details |
|---|---|
| Top Application | Cancer Surgeries |
| Market Share in 2024 | 3.4% |
The scope of the market for near-infrared imaging is increasing with time. However, certain regions account for a majority of the share in the market.
North America, Europe, and the Asia Pacific dominate the market. The rising trends in Europe and North America is aiding the sales of infrared technology. The increasing population of the Asia Pacific aids the growth of the market in the region.
| Countries | CAGR in 2024 |
|---|---|
| United States | 4.1% |
| United Kingdom | 2.6% |
| Japan | 4.9% |
| China | 4.5% |
| South Korea | 2.3% |
Aging population driving demand for NIR imaging: Japan has a large and aging population, which is driving demand for medical imaging technologies. NIR imaging is a non-invasive and non-destructive imaging technique that can be used to diagnose a variety of medical conditions in older adults.
Use of NIR imaging in functional brain imaging: NIR imaging is being used to study brain function. This research is helping to advance our understanding of the brain and develop new treatments for neurological disorders.
Integration of NIR imaging with other imaging modalities: NIR imaging is being integrated with other imaging modalities, such as MRI and CT, to provide a more comprehensive view of the body. This is helping to improve the accuracy of diagnoses and treatment planning.
Adoption of NIR imaging in minimally invasive surgery: NIR imaging is being used to guide minimally invasive surgical procedures, such as laparoscopic surgery and robotic surgery. This is helping to improve the precision and safety of surgical procedures.
Use of NIR imaging in biomedical research: NIR imaging is being used to study a variety of biological processes, such as cell growth and metabolism. This research is helping to advance our understanding of disease and develop new treatments.
Development of NIR imaging for environmental monitoring: NIR imaging is being used to monitor environmental pollutants and contaminants. This is helping to protect the environment and public health.
China has a large and aging population, which is driving demand for medical imaging technologies. NIR imaging is a non-invasive and non-destructive imaging technique that can be used to diagnose a variety of medical conditions, such as cancer, cardiovascular disease, and neurological disorders.
The Chinese government is investing heavily in research and development of NIR imaging technologies. This investment is leading to the development of new NIR imaging probes, dyes, and systems.
NIR imaging is being used to inspect food products, pharmaceutical products, and other materials for defects and contaminants. This is helping to ensure the quality and safety of products in China.
The United Kingdom has a strong focus on research and development of NIR imaging for cancer detection. This is leading to the development of new NIR imaging techniques that can detect cancer earlier and more accurately.
NIR imaging is being used to develop personalized medicine treatments. This helps to tailor treatments to the individual patient, which can improve treatment outcomes.
NIR imaging is being used to diagnose and treat a variety of animal diseases. This is helping to improve animal health and welfare.
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The key players are increasingly leveraging the benefits of collaborations. Manufacturers are taking advantage of partnerships with hospitals, mergers with other manufacturers in the market, acquisitions, and more collaborative strategies.
The pharmacy automation market does not feature highly dominant manufacturers. Instead, the market is fragmented, with several key players enjoying their share. Manufacturers are also receiving increasing approvals from several governments to enhance their pharmaceutical infrastructure for medical purposes.
Recent Developments in the Near Infrared Imaging Market
In 2024, the size of the near infrared imaging market is estimated to be USD 2.2 billion.
The increasing prevalence of chronic diseases across the world is one of the major trends in the NIR Market.
The near infrared imaging market is expected to progress at a remarkable CAGR of 3.9% during the period from 2024 to 2034.
By 2034, the size of the near infrared imaging market is forecasted to have reached USD 3.2 billion.
Quest Medical Imaging B.V., Stryker, KARL STORZ SE & Co. KG, Olympus, Hamamatsu Photonics K.K., Mizuho Medical Co, Ltd., Shimadzu Corporation, Leica Microsystems are some of the prominent players in the near infrared imaging market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Devices 5.1.1. Near-infrared Fluorescence Imaging Systems 5.1.2. Near-infrared Fluorescence & Bioluminescence Imaging Systems 5.2. Reagents 5.2.1. Indocyanine Green (ICG) 5.2.2. Other Reagents 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Preclinical Imaging 6.2. Cancer Surgeries 6.3. Gastrointestinal Surgeries 6.4. Cardiovascular Surgeries 6.5. Plastic/Reconstructive Surgeries 6.6. Other Applications 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 7.1. Hospitals & Clinics 7.2. Pharmaceutical & Biotechnology Companies 7.3. Research Laboratories 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Quest Medical Imaging B.V. 18.2. Stryker 18.3. KARL STORZ SE & Co. KG 18.4. Olympus 18.5. Hamamatsu Photonics K.K 18.6. Mizuho Medical Co, Ltd. 18.7. Shimadzu Corporation 18.8. Leica Microsystems 18.9. Medtronic (Visionsense) 18.10. PerkinElmer, Inc. 18.11. Carl Zeiss Meditec 19. Assumptions & Acronyms Used 20. Research Methodology
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Near Infrared Imaging Market
