The global near infrared (NIR) imaging market is set to experience steady growth over the coming decade, with its valuation expected to rise from USD 2.2 billion in 2024 to USD 3.2 billion by 2034. This growth trajectory represents a compound annual growth rate (CAGR) of 3.9% over the forecast period. The market’s expansion reflects the increasing adoption of NIR imaging technology in medical diagnostics, surgical procedures, and preclinical research.
The progression of the market from USD2.1 million in 2022 to a projected USD2.2 billion in 2024 highlights the significant investment and demand for advanced imaging solutions. Near infrared imaging, known for its ability to provide clear, real-time images of tissues, blood vessels, and lymph nodes, has become an indispensable tool in cancer surgery, vascular imaging, and tissue analysis. The technology’s non-invasive nature, coupled with its precision, is driving its adoption in clinical and research settings.
As healthcare providers seek to enhance surgical precision and reduce complications, NIR imaging is gaining momentum as a vital component of image-guided surgery. The rising prevalence of cancer and the growing need for minimally invasive procedures are further propelling demand. Key stakeholders, including hospitals, research institutions, and biotech firms, are investing heavily in the development of next-generation NIR imaging systems.
A Full Report Analysis – https://www.futuremarketinsights.com/reports/near-infrared-imaging-market
Key Takeaways
- The global near infrared imaging market is projected to grow from USD2.2 billion in 2024 to USD3.2 billion by 2034, with a CAGR of 3.9%.
- The market’s growth from USD2.1 million in 2022 to USD2.2 billion in 2024 underscores rising demand for NIR imaging technology.
- Near infrared imaging is increasingly being adopted for cancer surgery, vascular imaging, and tissue analysis due to its real-time, non-invasive imaging capabilities.
- Rising demand for minimally invasive procedures and growing healthcare investments are driving the development of next-generation NIR imaging systems.
As advancements in medical imaging technology continue, near infrared imaging is set to play an essential role in improving diagnostic accuracy, surgical outcomes, and patient care. This growing market reflects the shift toward precision medicine and the development of cutting-edge imaging tools in modern healthcare.
Market Drivers
- Advancements in Imaging Technology: Continuous improvements in near infrared imaging technology are enhancing diagnostic capabilities, making it a preferred choice in various medical applications.
- Increasing Demand for Non-Invasive Procedures: The non-invasive nature of near infrared imaging techniques is driving their adoption in clinical settings, particularly for surgical guidance and diagnostics.
- Growing Prevalence of Chronic Diseases: The rising incidence of conditions such as cancer and cardiovascular diseases is boosting the demand for effective imaging solutions, including near infrared technologies.
- Rising Awareness and Acceptance: Increased awareness among healthcare professionals and patients about the benefits of near infrared imaging is contributing to market growth.
- Government Initiatives and Funding: Supportive government policies and funding for medical research are facilitating advancements in near infrared imaging technologies.
Regional Insights
- North America: Expected to dominate the market due to advanced healthcare infrastructure and high rates of chronic diseases.
- Asia-Pacific: Anticipated to exhibit significant growth driven by increasing healthcare expenditures and a growing population.
Challenges
- High Costs of Equipment: The cost associated with advanced near infrared imaging systems may limit accessibility for some healthcare facilities.
- Regulatory Hurdles: Navigating regulatory requirements for new imaging technologies can pose challenges for manufacturers.
Competitive Landscape in the Near Infrared Imaging Market
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 2023, Quest Medical Imaging launched its NIR-II Fluorescence Imaging System, providing high-resolution imaging in the second near-infrared (NIR-II) window. This system offers deeper tissue penetration and reduced scattering compared to traditional NIR imaging systems.
- In 2022, Leica Microsystems launched its NIR Fluorescence Imaging System, designed for use in both clinical and research settings. The system offers high-resolution imaging and compatibility with a wide range of NIR dyes.
- In 2023, Medtronic (Visionsense) received FDA approval for its NIR Fluorescence Imaging System, designed for use in minimally invasive spine surgery. The system aids in visualizing nerve structures and blood vessels.
- In 2022, Stryker received FDA clearance for its SureView NIR Imaging System, designed for use in minimally invasive surgical procedures. The system incorporates NIR technology to enhance visualization of blood flow and perfusion during surgery.
Near Infrared Imaging Market Key Players
- Quest Medical Imaging B.V.
- Stryker
- KARL STORZ SE & Co. KG
- Olympus
- Hamamatsu Photonics K.K.
- Mizuho Medical Co, Ltd.
- Shimadzu Corporation
- Leica Microsystems
- Medtronic
- PerkinElmer, Inc.
- Carl Zeiss Meditec
- Fluoptics
Key Segments
By Product Type:
- Devices
- Near-infrared Fluorescence Imaging Systems
- Near-infrared Fluorescence & Bioluminescence Imaging Systems
- Reagents
- Indocyanine Green (ICG)
- Other Reagents
By Application:
- Preclinical Imaging
- Cancer Surgeries
- Gastrointestinal Surgeries
- Cardiovascular Surgeries
- Plastic/Reconstructive Surgeries
- Other Applications
By End Use:
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Research Laboratories
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:
Direct-to-Consumer Genetic Testing Market
Biotherapeutics Virus removal filters Market
Oncology Information Systems Market
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube