Near Infrared Imaging Market by Product (Reagents, Devices), Application (Cancer Surgeries, Cardiovascular Surgeries), End User (Pharmaceutical & Biotechnological Companies, Hospitals & Clinics), and by Region - Global Forecast to 2022-2033

The near infrared imaging market size is estimated to be USD 1,901.5 million in 2022 and is expected to witness a CAGR of 4.57% during the forecast period 2023-2033. Increase in the number of surgical procedures, growing geriatric population, and surge in the prevalence of target diseases such as cancer, cardiovascular, gastrointestinal, and neurovascular diseases are factors contributing to the market growth. Furthermore, different initiatives taken by major players and the increasing demand for technologically advanced fluorescence imaging systems is expected to support the market growth. However, high cost of infrared detectors and availability of alternatives is expected to hinder the growth.

Increase in the number of surgical procedures is projected to fuel the market growth during the forecast period. According to a study released by the American Society of Plastic Surgeons (ASPS), around USD 16.7 billion was spent on cosmetic treatments in the U.S. in 2020. These factors are anticipated to have a favourable effect on the expansion of the industry. The population’s growing awareness of the advantages of surgery at the right time to address a medical problem is also driving demand for surgical treatments and accelerating the adoption of NIR imaging.

Growing geriatric population is expected to propel the market growth during the projected period. The financial load on the healthcare system is increasing due to the steady growth in geriatric population. The WHO’s Global Health and Aging report predicts that, especially in developing nations, the number of individuals 65 and older would increase from 524 million in 2010 to about 1.5 billion by 2050. The increasing use of NIR imaging as a result of this increase in the older population base will boost market expansion. Numerous physiological diagnostic procedures, including the study of pulse oximetry, blood sugar, sports medicine, urology, and neurology, utilise NIR imaging.

Segmentation

By Product

The market is categorized into reagents and devices. In 2022, the reagents segment accounted for the highest revenue share. The segment is further divided into Indocyanine Green (ICG) and other reagents, and it is anticipated that the segment will continue to grow at the quickest CAGR and maintain its market dominance throughout the forecast period. This is attributed to the advantages ICG provides. Additionally, reagents have a number of benefits over conventional visible light dyes, such as high sensitivity and precise biological system detection. Angiographic images in real time are provided by indocyanine green during brain tumour or vascular surgery. Additionally, spine surgery is using it more frequently. ICG’s increasing usage and benefits are the primary drivers of the market for ICG. The device segment is also anticipated to have profitable growth during the projection years due to the introduction and approval of NIR imaging systems for use in surgical operations.

By Application

The market is categorized into cancer surgeries, cardiovascular surgeries, preclinical imaging, gastrointestinal surgeries, plastic reconstructive surgeries, and others. In the global market, the preclinical imaging segment accounted for the largest revenue share in 2022 owing to rising emphasis on developing novel treatment for diseases including cancer, inflammation, and vascular diseases. On the other hand, the segment for cancer surgeries is projected to exhibit the fastest CAGR during the projected period as a result of the rising incidence of cancer worldwide. For instance, the International Agency for Research on Cancer estimates that there were 19,292,789 new cases of cancer globally in 2020, and that figure is projected to rise to 50,550,287 by 2025. In order to study diseases and disorders such as cancer, inflammation, infection, vascular, and others, NIR reagents are employed in preclinical imaging research.

By End User

The market is segmented into pharmaceutical & biotechnological companies, hospitals & clinics, and research laboratories. In 2022, the hospitals & clinics segment accounted for the largest revenue share owing to rise in the number of cancer patients being admitted to hospitals, clinics, and other recognized healthcare institutions in developed nations. In order to detect bedsores and avoid surgical errors, near infrared technology is frequently employed in hospitals and clinics. Near-infrared sensors built into laparoscopic instruments assist surgeons to prevent unintentional blood vessel severance. The use of these technologies helps in reducing surgical errors, reducing hospital stays, and lowering patient healthcare expenses.

Regional Markets

In 2022, North America region accounted for the highest revenue in the near infrared imaging market and is expected to maintain its dominance during the forecast period. This is attributed to the increasing level of consumer disposable income and the use of technologically improved medical devices and diagnostic methods. The U.S. market is anticipated to grow as a result of the high number of cancer cases that have been reported. According to the International Agency for Research on Cancer, the United States have seen an estimated 2,281,658 new cases of cancer in 2020. Additionally, a surge in reconstructive and cosmetic procedures in the country as a result of higher spending and growing awareness of early diagnosis is expected to provide significant growth potential. The Asia Pacific region is predicted to register the fastest CAGR over the forecast period. It is projected that the presence of developing countries such as China, India, and Japan will accelerate regional growth. Moreover, there is a high demand for accessible treatment choices due to the sizeable target population and low per capita income levels. In the subsequent years, it is expected that this will further boost the expansion of the regional market.

Competitor Insights

Some of the key players operating in the near infrared imaging market are Stryker, Fluoptics, KARL STORZ SE & Co. KG, Olympus, Medtronic (Visionsense), Mizuho Medical Co, Ltd., Shimadzu Corporation, Leica Microsystem (Danaher), Quest Medical Imaging B.V., Perkinelmer Inc., Hamamatsu Photonics K.K., and Carl Zeiss Meditec AG.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

  • For instance, the most recent development in endoscopic imaging, the IMAGE1 S Rubina multimode vision system, was launched by KARL STORZ in January 2021. Indocyanine green dye and near-infrared light (NIR/ICG) are used in this technology to achieve improved fluorescence-guided imaging with state-of-the-art 4K resolution.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including product, application, and end user from 2023 to 2033.

Report Scope:

Key Parameters Details
Market size in 2022
  • USD 1,901.5 Million
CAGR
  • 4.57%
Base Year
  • 2022
Forecast Period
  • 2023-2033
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • COVID-19 impact analysis
Segment Market Scope
  • Product
  • Application
  • End user
Regional Market Scope
  • North America
    (U.S. and Canada)
  • Europe
    (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific
    (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America
    (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA
    (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 10 players
  • Other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Segmentation: Near Infrared Imaging Market Report 2022 – 2033

Product (Revenue, USD Million), 2022 – 2033

  • Reagents
    • Near-infrared Fluorescence & Bioluminescence Imaging Systems
    • Near-infrared Fluorescence Imaging Systems
  • Devices
    • Indocyanine Green (ICG)
    • Others

Application (Revenue, USD Million), 2022 – 2033

  • Cancer Surgeries
  • Cardiovascular Surgeries
  • Preclinical Imaging
  • Gastrointestinal Surgeries
  • Plastic Reconstructive Surgeries
  • Others

End user (Revenue, USD Million), 2022 – 2033

  • Pharmaceutical & Biotechnological Companies
  • Hospitals & Clinics
  • Research Laboratories

By Region (Revenue, USD Million), 2022 – 2033

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Table of Contents: Near Infrared Imaging Market 2022-2033

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
  1. Introduction: Near Infrared Imaging
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. SWOT Analysis
  2. COVID-19 Impact Analysis: Near Infrared Imaging Market
  3. Market Analysis by Product
    1. Reagents
      1. Reagents Market Forecast, 2022-2033(USD Million)
        1. Near-infrared Fluorescence & Bioluminescence Imaging Systems
          1. Near-infrared Fluorescence & Bioluminescence Imaging SystemsMarket Forecast, 2022-2033 (USD Million)
        2. Near-infrared Imaging Systems
          1. Near-infrared Imaging SystemsMarket Forecast, 2022-2033 (USD Million)
        3. Devices
          1. Devices Market Forecast, 2022-2033(USD Million)
            1. Indocyanine Green (ICG)
              1. Indocyanine Green (ICG) Market Forecast, 2022-2033(USD Million)
            2. Others
              1. OthersMarket Forecast, 2022-2033 (USD Million)
  1. Market Analysis by Application
    1. Cancer Surgeries
      1. Cancer Surgeries Market Forecast, 2022-2033(USD Million)
    2. Cardiovascular Surgeries
      1. Cardiovascular Surgeries Market Forecast, 2022-2033(USD Million)
    3. Preclinical Imaging
      1. Preclinical Imaging Market Forecast, 2022-2033(USD Million)
    4. Gastrointestinal Surgeries
      1. Gastrointestinal Surgeries Market Forecast, 2022-2033(USD Million)
    5. Plastic Reconstructive Surgeries
      1. Plastic Reconstructive Surgeries Market Forecast, 2022-2033(USD Million)
    6. Others
      1. Others Market Forecast, 2022-2033(USD Million)
  1. Market Analysis by End User
    1. Pharmaceutical & Biotechnological Companies
      1. Pharmaceutical & Biotechnological Companies Market Forecast, 2022-2033(USD Million)
    2. Hospitals & Clinics
      1. Hospitals & Clinics Market Forecast, 2022-2033(USD Million)
    3. Research Laboratories
      1. Research Laboratories Market Forecast, 2022-2033(USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends Analysis
  2. North America Near Infrared Imaging Market
    1. North America Near Infrared Imaging Market
      1. North America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product,2022-2033 (USD Million)
        2. Market Size and Forecast by Application, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. S. Near Infrared Imaging Market
        1. S. Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product,2022-2033 (USD Million)
          2. Market Size and Forecast by Application, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. Canada Near Infrared Imaging Market
          1. Canada Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product,2022-2033 (USD Million)
            2. Market Size and Forecast by Application, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Europe Near Infrared Imaging Market
    1. Europe Near Infrared Imaging Market
      1. Europe Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product,2022-2033 (USD Million)
        2. Market Size and Forecast by Application, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Germany Near Infrared Imaging Market
        1. Germany Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product,2022-2033 (USD Million)
          2. Market Size and Forecast by Application, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. UK Near Infrared Imaging Market
          1. UK Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product,2022-2033 (USD Million)
            2. Market Size and Forecast by Application, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. France Near Infrared Imaging Market
            1. France Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product,2022-2033 (USD Million)
              2. Market Size and Forecast by Application, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. Spain Near Infrared Imaging Market
              1. Spain Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product,2022-2033 (USD Million)
                2. Market Size and Forecast by Application, 2022-2033(USD Million)
                3. Market Size and Forecast by End User, 2022-2033(USD Million)
              2. Italy Near Infrared Imaging Market
                1. Italy Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Product,2022-2033 (USD Million)
                  2. Market Size and Forecast by Application, 2022-2033(USD Million)
                  3. Market Size and Forecast by End User, 2022-2033(USD Million)
                2. Rest of Europe Near Infrared Imaging Market
                  1. Rest of Europe Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Product,2022-2033 (USD Million)
                    2. Market Size and Forecast by Application, 2022-2033(USD Million)
                    3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Asia Pacific Near Infrared Imaging Market
    1. Asia Pacific Near Infrared Imaging Market
      1. Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product,2022-2033 (USD Million)
        2. Market Size and Forecast by Application, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Japan Near Infrared Imaging Market
        1. Japan Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product,2022-2033 (USD Million)
          2. Market Size and Forecast by Application, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. China Near Infrared Imaging Market
          1. China Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product,2022-2033 (USD Million)
            2. Market Size and Forecast by Application, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. India Near Infrared Imaging Market
            1. India Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product,2022-2033 (USD Million)
              2. Market Size and Forecast by Application, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. South Korea Near Infrared Imaging Market
              1. South Korea Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product,2022-2033 (USD Million)
                2. Market Size and Forecast by Application, 2022-2033(USD Million)
                3. Market Size and Forecast by End User, 2022-2033(USD Million)
              2. Australia Near Infrared Imaging Market
                1. Australia Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Product,2022-2033 (USD Million)
                  2. Market Size and Forecast by Application, 2022-2033(USD Million)
                  3. Market Size and Forecast by End User, 2022-2033(USD Million)
                2. Rest of Asia Pacific Near Infrared Imaging Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Product,2022-2033 (USD Million)
                    2. Market Size and Forecast by Application, 2022-2033(USD Million)
                    3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Latin America Near Infrared Imaging Market
    1. Latin America Near Infrared Imaging Market
      1. Latin America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product,2022-2033 (USD Million)
        2. Market Size and Forecast by Application, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Brazil Near Infrared Imaging Market
        1. Brazil Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product,2022-2033 (USD Million)
          2. Market Size and Forecast by Application, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. Mexico Near Infrared Imaging Market
          1. Mexico Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product,2022-2033 (USD Million)
            2. Market Size and Forecast by Application, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. Argentina Near Infrared Imaging Market
            1. Argentina Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product,2022-2033 (USD Million)
              2. Market Size and Forecast by Application, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. Rest of Latin America Near Infrared Imaging Market
              1. Rest of Latin America Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product,2022-2033 (USD Million)
                2. Market Size and Forecast by Application, 2022-2033(USD Million)
                3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. MEA Near Infrared Imaging Market
    1. MEA Near Infrared Imaging Market
      1. MEA Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product,2022-2033 (USD Million)
        2. Market Size and Forecast by Application, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. GCC Near Infrared Imaging Market
        1. GCC Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product,2022-2033 (USD Million)
          2. Market Size and Forecast by Application, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. South Africa Near Infrared Imaging Market
          1. South Africa Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product,2022-2033 (USD Million)
            2. Market Size and Forecast by Application, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. Rest of MEA Near Infrared Imaging Market
            1. Rest of MEA Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product,2022-2033 (USD Million)
              2. Market Size and Forecast by Application, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2022
    2. Major Recent Developments, 2019-2022
  2. Company Profiles
    1. Stryker
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    2. Fluoptics
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    3. KARL STORZ SE & Co. KG
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    4. Olympus
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    5. Medtronic (Visionsense)
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    6. Mizuho Medical Co, Ltd.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    7. Shimadzu Corporation
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    8. Leica Microsystem (Danaher)
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    9. Quest Medical Imaging B.V.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    10. Perkinelmer Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    11. Hamamatsu Photonics K.K.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    12. Carl Zeiss Meditec AG
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
  1. Conclusion
  2. Recommendations

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