The global near infrared imaging market size is expected to reach USD 373.7 million by 2026, according to a new report by Grand View Research, Inc. expanding at a 4.1% CAGR during the forecast period. Growing use of near infrared imaging due to advantages such as minimally invasiveness and high efficiency in diagnosing various conditions is anticipated to drive the near infrared imaging market significantly during the forecast period.
Growing incidences of chronic disorders, especially among the geriatric population is fueling the near infrared imaging market. Alzheimer’s disease, dementia, arthritis, chronic kidney disease, and diabetes, are some of the commonly prevalent diseases that require near infrared imaging for better diagnosis and further decision making for effective treatment.
Expanding applications of NIR technique in early diagnosis of various neurological conditions is expected to play significant role in overall market growth. As per National Research University’s Higher School of Economics, neurological disorders are one of the leading cause of disability and death today. They were reported as the leading cause group of Disability Adjusted Life Years, which comprised 16.8% global deaths.
Frequent introduction of technologically advanced systems are expected to have a significant impact on the market growth. NIR is preferred as a process monitoring tool, especially in pharmaceutical industry. Expanding applications of NIR in commercial operations and research activities in biopharmaceutical companies as well as academic institutes is expected to fuel the demand for advanced NIR systems in upcoming years.
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Further Key Findings from the Report Suggest:
By product, reagents segment dominated the market in 2018 owing to development of novel reagents to identify various types of cancer
Reagents segment is expected to grow considerably in future owing to benefits offered by Indocyanine green (ICG), such as real-time angiographic images during brain tumor or vascular surgery
Cancer surgeries segment is expected to grow considerably in the near future owing to high prevalence of the disorder, especially in the emerging economies
Hospitals & clinics segment dominated the market owing to increase in number of admissions of cancer patients in clinics and hospitals
The players profiled in the near infrared imaging market are Shimadzu Corporation KARL STORZ SE & Co. KG, Stryker, Leica Microsystems, Olympus, Carl Zeiss Meditec AG, Fluoptics, , Quest Medical Imaging B.V., Mizuho Medical Co, Ltd., Hamamatsu Photonics K.KVisionsense, PerkinElmer, Inc., LI-COR, Inc., and SurgVision.
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Grand View Research has segmented the global near infrared imaging market based on product, application, end-user, and region:
Near Infrared Imaging Product (Revenue, USD Million, 2015 – 2026)
Devices
Near-Infrared Fluorescence Imaging Systems
Near-Infrared Fluorescence & Bioluminescence Imaging Systems
Reagents
Indocyanine Green (ICG)
Other Reagents
Near Infrared Imaging Application (Revenue, USD Million, 2015 – 2026)
Preclinical Imaging
Cancer Surgeries
Gastrointestinal Surgeries
Cardiovascular Surgeries
Plastic/Reconstructive Surgeries
Other Applications
Near Infrared Imaging End User (Revenue, USD Million, 2015 – 2026)
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Research Laboratories
Near Infrared Imaging Regional Outlook (Revenue, USD Million, 2015 – 2026)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Thailand
South Korea
Latin America
Brazil
Mexico
Argentina
Columbia
Middle East & Africa
South Africa
Saudi Arabia
UAE
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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