The Near-Infrared Imaging Market refers to the use of near-infrared light to visualize and analyze biological tissues or objects. This technology is widely used in the medical, industrial, and agricultural sectors, among others.One of the major drivers of the near-infrared imaging market is the increasing demand for non-invasive diagnostic tools for medical applications.
Near-infrared imaging provides a safe and non-invasive method for imaging tissues, which is particularly important in applications such as cancer detection, where early diagnosis can greatly improve patient outcomes.
The use of near-infrared imaging in the industrial sector is also growing, as it provides a reliable and accurate method for quality control and process monitoring. This technology is particularly useful in the food and beverage industry, where it can be used to detect defects or foreign objects in products.
In addition, the increasing demand for precision agriculture is driving the growth of the near-infrared imaging market, as it provides a non-destructive way to monitor crop health and optimize yield.
Theย Near Infrared Imaging Marketย refers to the use of imaging technology that captures and visualizes the near-infrared range of the electromagnetic spectrum. This technology is used in a variety of applications such as medical imaging, surveillance, agriculture, and more. The market for near infrared imaging is expected to grow due to the increasing demand for non-invasive diagnostic techniques in healthcare and the expanding use of this technology in industrial and environmental monitoring.
The near infrared imaging market accounted for $271 million in 2018, and is expected to reach $375 million by 2026, registering a CAGR of 4.1% from 2019 to 2026.
Rise in number of surgical procedures worldwide coupled with surge in prevalence of target diseases and surge in adoption of NIR imaging across the globe drive the growth in the global near-infrared imaging market.
Furthermore, increase in awareness related to early diagnosis of cancer supplement the market growth. However, high availability of other alternative imaging techniques hinders the market growth. On the other hand, high potential of the emerging economies creates new opportunities in the industry.
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The near-infrared fluorescence imaging systems segment to contribute the highest share during the forecast period
Based on product type, the near-infrared fluorescence imaging systems segment will account for the major share in the global near-infrared imaging market in 2018, contributing 92.3% of the total share, and is expected to contribute the highest share during the forecast period. This is due to their application during surgeries such as cancer surgery, plastic surgery, and other surgeries. Furthermore, this segment is expected to register the highest CAGR of 4.2% from 2018 to 2026.
The medical imaging segment to maintain its dominant position by 2026
Based on application, the medical imaging segment will hold for the highest market share in terms of revenue in 2018, contributing for more than four-fifths of the total share, and is projected to maintain its dominant position throughout the forecast period. This is due to surge in advancements in surgical imaging techniques worldwide. Furthermore, this segment would register the fastest growth rate, with a CAGR of 4.3% from 2018 to 2026.
The cancer surgeries segment to maintain its dominant position by 2026
Based on indication, the cancer surgeries segment will hold for the highest market share in terms of revenue in 2018, contributing for more than three-fifths of the total share, and is projected to maintain its dominant position throughout the forecast period. This is due to surge in cancer prevalence worldwide. Furthermore, this segment would register the fastest growth rate, with a CAGR of 4.6% from 2018 to 2026.
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North America to maintain its leadership status by 2026
Based on region, North America will contribute nearly half of the total share in 2018, and is estimated to maintain the highest revenue contribution during the forecast period. This is due to rise in number of surgical procedures performed in the region. However, Asia-Pacific is estimated to grow at the highest CAGR of 4.9% from 2018 to 2026, owing to urge in awareness related to early screening of cancer. The other factors that boost the growth of market include huge patient base and rise in healthcare expenditure in the region.
Players grabbing the largest pie
Carl Zeiss AG
Danaher Corporation (Leica Microsystems)
Hamamatsu Photonics K.K.
Karl Storz SE & Co.
KGLi-Cor, Inc.
Medtronic plc.
PerkinElmer Inc.
Quest Innovations B.V. (Quest Medical Imaging B.V.)
Shimadzu Corporation
Stryker Corporation.
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โข Near infrared fluorescence imaging systems occupied 92.79% share of the global near infrared imaging market in 2018
โข The medical imaging segment is anticipated to grow with the highest CAGR throughout the forecast period
โข The cardiovascular surgeries segment accounted for 10.23% share of the market in 2018
โข Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA
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