The global Near Infrared Imaging Market size is expected to reach USD 405.0 million by 2028, according to a new report by Grand View Research, Inc. expanding at a 9.3% CAGR during the forecast period. The 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 the NIR technique in early
diagnosis of various neurological conditions is expected to play a significant
role in overall market growth. As per National Research University’s Higher
School of Economics, neurological disorders are one of the leading causes 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 is expected to have a significant impact on market growth. NIR is
preferred as a process monitoring tool, especially in the pharmaceutical industry.
Expanding applications of NIR in commercial operations and research activities
in biopharmaceutical companies, as well as academic
institutes, are expected to fuel the demand for advanced NIR systems
in upcoming years.
Related Press Release@ Near Infrared Imaging Market Report
Near Infrared Imaging
Market Report Highlights
- By product, reagents segment dominated the market in 2018 owing to
the development of novel reagents to identify various types of cancer
- The reagents segment is expected to grow considerably in the 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 the high prevalence of the disorder, especially in
the emerging economies
- Hospitals & clinics segment dominated the market owing to the
increase in the 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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