Near Infrared Imaging Market by Product (Devices, Dyes, Reagents), Application (Cancer Surgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries), End User - Global Forecast 2024-2030

Near Infrared Imaging Market by Product (Devices, Dyes, Reagents), Application (Cancer Surgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries), End User - Global Forecast 2024-2030

The Near Infrared Imaging Market size was estimated at USD 2.52 billion in 2023 and expected to reach USD 2.65 billion in 2024, at a CAGR 5.22% to reach USD 3.60 billion by 2030.

Near infrared imaging (NIRI) is a non-invasive diagnostic technology that utilizes near infrared light wavelengths from about 700 to 2500 nanometers, to capture images of biological tissues. NIR light can penetrate deeper into tissues, providing valuable information about the underlying structures and biochemical constituents. Advancements in detector technologies and the development of more advanced algorithms for image analysis are enhancing image quality in healthcare. The increasing number of surgical procedures requiring non-invasive diagnostics creates the need for NIR imaging. However, the technical limitations of NIRI can impede their utility across medical applications worldwide. Ongoing research is focused on the innovation of more sensitive detectors, enhanced algorithms for image processing, and the combination of NIRI with other imaging modalities, such as MRI or CT, to increase penetration depth and data accuracy. The rising trend in personalized medicine is expected to increase its applications in diagnostics and patient monitoring, and new applications in biometric security are emerging. The integration of NIRI with other technologies, such as wearable devices, promises continuous, real-time monitoring of health parameters.

Regional Insights

In the Americas, specifically North America, there is a high adoption rate due to advanced healthcare infrastructure, significant investments in research and development (R&D), and stringent regulatory guidelines that promote the adoption of innovative technologies. Major companies in this region engage in strategic collaborations and maintain a robust production landscape to cater to the healthcare sector. The APAC region is witnessing rapid growth due to rising economic development, particularly in emerging countries, including China and India. Production is often driven by cost-effectiveness and increasing demand for near infrared imaging in medical diagnostics. Companies in APAC are focusing on expanding their product portfolio and enhancing distribution networks. The EMEA region, with a strong presence in countries such as Germany and the UK, balances mature markets in Europe with emerging ones in the Middle East and Africa. In Europe, there is a strong emphasis on quality and the integration of NIR imaging in scientific research, backed by supportive government initiatives. The Middle East and African markets are gradually adopting these technologies, often facilitated by foreign investments and partnerships for medical discoveries. Companies in EMEA are strategically positioning themselves to serve a diverse client base, taking advantage of Europe's technology orientation and the developing markets' growth opportunities.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Near Infrared Imaging Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing application in surgical procedures and intraoperative treatments
    • Surging preference for non-invasive diagnostic methods worldwide
    • Incorporation into consumer electronics for health monitoring
    • Market Restraints
      • Technical limitations of NIR imaging systems
      • Market Opportunities
        • Advancements in the design and performance of near infrared imaging
        • Emerging use of NIR imaging for pharmaceutical quality control
        • Market Challenges
          • Health hazards associated with NIR imaging
          • Market Segmentation Analysis
            • Product: Introduction of advanced NIR imaging systems that provide real-time, high-resolution images
            • Application: Exponential adoption of NIR imaging in cancer surgeries for accurate discrimination of cancerous tissues
            • End User: Use of NIR technologies in hospitals and diagnostic centers to support clinical decision-making and improve patient care standards
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Near Infrared Imaging Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Near Infrared Imaging Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Abbott Launches New Vascular Imaging Platform in India
              
              Abbott introduced a new vascular imaging platform powered by Ultreon 1.0 Software in India. The intravascular imaging software combines optical coherence tomography (OCT) with the power of artificial intelligence (AI), providing physicians with a comprehensive view of blood flow. Intra-vascular imaging software uses near-infrared light to provide high-definition, precise imaging within a blood vessel, facilitating physicians to capture information from the most complex patient anatomy.
              
              SpectraWAVE Secures 510(k) Clearance to Add Saline Imaging and Expanded Artificial Intelligence Features to the HyperVue Imaging System
              
              SpectraWAVE, Inc. announced that its HyperVue Imaging System received FDA 510(k) clearance for significant enhancements. This innovative intravascular imaging system cleverly integrates DeepOCT with Near infrared spectroscopy, featuring contrast-free saline imaging and enriched with advanced AI algorithms capable of pinpointing calcium deposits and the external elastic lamina with precision.
              
              Nikon Introduces the AX R MP with NSPARC Super-resolution Multiphoton Confocal Microscope
              
              Nikon Instruments Inc. launched AX R MP with an NSPARC super-resolution multiphoton confocal microscope, which enables susceptible array detection and super-resolution in deep areas within large living organism specimens. This product contributes to understanding brain diseases such as Alzheimer's and Parkinson's disease and drug discovery research.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Near Infrared Imaging Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Near Infrared Imaging Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Artinis Medical Systems, Astellas Pharma Inc., BIOPAC Systems, Inc., Biotium, Inc., Bruker Corporation, Carl Zeiss AG, Crysta-Lyn Chemical Company, DIC Corporation, Emberion Oy, Getinge AB, Hamamatsu Photonics K.K., KARL STORZ SE & Co. KG, Leica Microsystems GmbH by Danaher Corporation, LI-COR Biotech LLC, Malvern Panalytical Ltd. by Spectris PLC, Medtronic PLC, Metrohm AG, MIZUHO Corporation, Nikon Corporation, Olympus Corporation, OptoMedic Technologies, Inc., PerkinElmer Inc., SCHÖLLY FIBEROPTIC GMBH, Shimadzu Corporation, Soterix Medical Inc., SpectraWAVE, Inc., Stryker Corporation, and Thermo Fisher Scientific Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Near Infrared Imaging Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product
              • Devices
                • Near-Infrared Bioluminescence Imaging Systems
                • Near-Infrared Fluorescence Imaging Systems
                • NIR Optical Coherence Tomography
                • NIR Spectrometers
                • Dyes
                  • Nanoparticle Dyes
                  • Organic Dyes
                  • Reagents
                    • Indocyanine Green
                    • Methylene Blue
                    • Application
                      • Cancer Surgeries
                      • Cardiovascular Surgeries
                      • Gastrointestinal Surgeries
                      • Plastic/Reconstructive Surgeries
                      • Preclinical Imaging
                      • End User
                        • Hospitals & Clinics
                        • Pharmaceutical & Biotechnology Companies
                        • Research Laboratories
                        • Region
                          • Americas
                            • Argentina
                            • Brazil
                            • Canada
                            • Mexico
                            • United States
                              • California
                              • Florida
                              • Illinois
                              • Massachusetts
                              • Minnesota
                              • New York
                              • Ohio
                              • Pennsylvania
                              • Texas
                              • Asia-Pacific
                                • Australia
                                • China
                                • India
                                • Indonesia
                                • Japan
                                • Malaysia
                                • Philippines
                                • Singapore
                                • South Korea
                                • Taiwan
                                • Thailand
                                • Vietnam
                                • Europe, Middle East & Africa
                                  • Denmark
                                  • Egypt
                                  • Finland
                                  • France
                                  • Germany
                                  • Israel
                                  • Italy
                                  • Netherlands
                                  • Nigeria
                                  • Norway
                                  • Poland
                                  • Qatar
                                  • Russia
                                  • Saudi Arabia
                                  • South Africa
                                  • Spain
                                  • Sweden
                                  • Switzerland
                                  • Turkey
                                  • United Arab Emirates
                                  • United Kingdom
                                  
                                  
                                  Please Note: PDF & Excel + Online Access - 1 Year