Near Infrared Imaging Market Reaching at US$ 822 Million by 2023 Study by Cancer, Plastic and Gastrointestinal Surgery

Global near infrared imaging market expected to witness growth in coming years owing to factors like increase in number of initiatives undertaken by governments of various countries to ensure availability of near-infrared imaging for research purpose, rise in cancer cases, advantage over imaging methods.

The near-infrared imaging market is projected to reach USD 822 million by 2023 from an estimated USD 416 million in 2018, at a CAGR of 14.6% during the forecast period. Growth in near-infrared imaging market can primarily be attributed to the increasing number of surgical procedures globally and the advantages of NIR imaging over conventional visualization methods.

In 2018, devices segment is expected to account for a larger share of near-infrared imaging market majorly due to rising prevalence of cancer and the increasing number of research activities on cancer. Acquisition cost of near-infrared imaging devices is higher, which may inhibit market growth.

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Asia Pacific region, comprising China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific, is expected to offer high-growth opportunities for players operating in the near-infrared imaging market. Some of the major factors driving market growth in the Asia Pacific region are the presence of a large patient population suffering from cancer and cardiovascular diseases, rising geriatric population, rapid economic growth, and the increasing disposable incomes in several Asia Pacific countries.

Indocyanine green segment is expected to grow at a higher CAGR during the forecast period owing to the fact that ICG is the only approved fluorescent dye for clinical use with all key products such as SPY elite, PINPOINT, and SPY-PHI. Also, ICG is cost-effective and has potentially no adverse effects. Comprehensive information on the services offered by top market players. The report analyzes the market based on product, application, end user, and region

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Near-infrared imaging market is segmented into devices and reagents. The devices segment is estimated to grow at a higher CAGR during the forecast period owing to the rising prevalence of cancer and the increasing number of research activities on cancer. On the basis of end user, the near-infrared imaging market is segmented into hospitals & clinics, research laboratories, and pharmaceutical & biotechnology companies.

Near Infrared Imaging Market, By Application
1 Introduction
2 In Vivo Imaging
3 Cancer Surgeries
4 Cardiovascular Surgeries
5 Gastrointestinal Surgeries
6 Plastic/Reconstructive Surgeries
7 Cancer Surgeries
8 Gastrointestinal Surgeries
9 Cardiovascular Surgeries
10 Plastic/Reconstructive Surgeries

Major players operating in near infrared imaging industry are Biospace Lab (France), Fluoptics (France), Mizuho Corporation (Japan), Li-Cor, Inc. (U.S.), Bruker Corporation (U.S.), Carl Zeiss Meditec AG (Germany), Novadaq Technologies Inc. (Canada), Hamamatsu Photonics K.K. (Japan), Karl Storz GmbH & Co. KG (Germany), PerkinElmer Inc. (U.S.), Promega Corporation (U.S.), and Miltenyi Biotech (Germany).

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The near infrared imaging market report also provides a detailed competitive landscape of companies operating in this market. Segment and country specific company shares, news & deals, mergers &acquisitions, segment specific pipeline products, product approvals, and product recalls of the major companies are detailed.

Research Coverage:
This report analyzes the near-infrared imaging market and aims at estimating the market size and its future growth potential in various product, application, end user, and regional segments. The report also includes the competitive analysis of key market players along with their company profiles, product offerings, recent developments, and key market strategies.

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