Near Infrared Imaging Market Overview:
The Near Infrared Imaging Market is valued at around USD 0.8 billion in 2022 and is expected to reach USD 2.0 billion by 2030, registering a CAGR of 14.0% over the forecast period.
To identify any changes brought on by injury or disease, near infrared imaging employs light with a wavelength between 650 and 950 nm. This non-ionizing, minimally invasive technique for tissue imaging is a potent diagnostic tool. As the primary constituents of tissues, blood and water, do not absorb NIR well, the illumination of inside structures varies more. Because it offers a higher resolution and is less harmful to patients than alternative methods, it is superior.
The global increase in the number of surgeries performed for cancer, gastrointestinal, cardiovascular, and plastic/reconstructive procedures, as well as the rise in the prevalence of target diseases like lung, breast, colon, and prostate cancer, as well as the rising incidence of neurological disorders and chronic illnesses, are the factors propelling the near-infrared imaging market.
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Market Growth Factors:
the growing significance of early disease diagnosis, which is fueled by a discernibly rising incidence of chronic illnesses worldwide. The increasing need for efficient diagnostic methods has led to the installation of near-infrared imaging techniques, which are essential in clinical and preclinical applications. They are being used more often in the clinical care of cancer patients because of their excellent spatial resolution, real-time presentation, mobility, and comprehensive molecular profiling. Future industry statistics are anticipated to rise dramatically due to the adoption of technologically advanced instruments by medical facilities and diagnostic centers. This growth will be fueled by advancements in NIR equipment technology.
Trends in the Near Infrared Imaging Market
• As surgical procedures grow more commonplace worldwide, there will likely be a greater demand for near-infrared imaging. In addition, there has been a rise in interest in identifying the various stages of cancer, and these factors are expected to fuel the near-infrared imaging market's expansion globally throughout the course of the forecast period.
• In addition to the rise in skin, bone, and transplant operations, the number of hospitals, diagnostic centers, and research labs is also expected to contribute to the near infrared market's expected quick expansion in the coming year.
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The Near Infrared Imaging Market – Segmentation:
On the basis of product, the Ophthalmic Drugs Market is bifurcated into:
- Near infrared fluorescence imaging systems
- Near infrared fluorescence and bioluminescence imaging systems
- others
On the basis of application, the market is segmented into:
- pre- clinical imaging
- medical imaging (diagnostic and surgeries)
- clinical imaging
- others
On the basis of indication, the market segmented into:
- cancer surgeries
- cardiovascular surgeries
- gastrointestinal surgeries
- plastic/reconstructive surgeries
- others
On the basis of end-user, the market segmented into:
- hospitals and clinics
- research laboratories
- others
Market Geographically Analysis:
Due to the region's aging population and expanding healthcare expenditures, North America held a dominant position in the worldwide near-infrared imaging market. The rapid expansion of North America is also expected to be greatly aided by the adoption of the most advanced imaging technology. Consequently, the near-infrared imaging market is expected to increase at an exponential rate in the coming years.
Key Market Players:
- KARL STORZ SE & Co. KG (Germany)
- Shimadzu Corporation (Japan)
- Surge Vision (Netherlands)
- Vision sense (Israel)
- Hamamatsu Photonics K.K (Japan)
- Stryker (US)
- Leica Microsystems (Germany)
- and Flu optics (France).
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