Near Infrared Imaging Market Size, Share, And Growth Report 2032

Near Infrared Imaging Market Size

The global near infrared imaging market size was worth around USD 993.8 million in 2023 and is predicted to grow to around USD 1402.3 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.9% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The report covers a forecast and an analysis of the near infrared imaging market on a global and regional level.

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Near Infrared Imaging Market: Overview

Near infrared imaging employs near-infrared expanse of the electromagnetic spectrum. It is a non-invasive technique that uses non-ionizing rays for detecting the hemoglobin amount existing in body tissues, brain, and muscles. Near infrared imaging has a major application in physiological diagnostics. The near infrared imaging diagnostics has many advantages over conventional radio-imaging techniques. One of the major advantages is the non-invasive nature of near infrared imaging, which enables recurrent use of the imaging technique devoid of any side-effects.

The rising number of surgeries worldwide, multiple advantages offered by near infrared imaging as compared to conventional methods, rapid developments in the NIR imaging devices, advancements in cancer detection, increasing number of cancer and chronic patients, growing research and development activity in the healthcare IT sector, growing incidences of neurological disorders, and rising geriatric population are major factors driving the growth of the global near infrared imaging market. The growing applications of near infrared imaging, the cost-effectiveness of NIR imaging, and huge investments made by major market players will create new growth opportunities for the players in the near infrared imaging market. Nonetheless, prolonged approval procedures, the high price of infrared detectors, the huge popularity of alternative imaging techniques, and the absence of healthcare infrastructure and skilled professionals in the developing regions may restrict the global near infrared imaging market.

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Near Infrared Imaging Market: Segmentation

The study provides a decisive view of the near infrared imaging market based on product, application, end-user, and region.

Based on product, the near infrared imaging market includes reagents and NIR bioluminescence and fluorescence imaging devices.

The application segment includes cancer surgeries, plastic/reconstructive surgeries, in vivo imaging, gastrointestinal surgeries, cardiovascular surgeries, and others.

The end-user segment includes research laboratories, hospitals, and others.

Near Infrared Imaging Market: Report Scope

Near Infrared Imaging Market: Regional Analysis

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America will lead the global near infrared imaging market over the forecast time period and accounted for over 38% of the global share in 2023. This can be attributed to the huge spending on healthcare, rapidly growing geriatric population, growing incidences of target diseases, an increasing number of people suffering from neurological disorders, the introduction of novel products, and presence of state-of-the-art healthcare facilities. Europe will be the second largest near infrared imaging market globally in the future, owing to the presence of skilled professionals, high R&D investment by leading companies, increasing geriatric population, the rising prevalence of chronic disorders, and positive reimbursement scenario. Asia Pacific will propagate speedily over the forecast time period, due to the rising incidences of chronic diseases, growing geriatric population in Japan and China, and rising disposable income of the regional population.

Near Infrared Imaging Market: Competitive Players

Some key players in the global near infrared imaging market are:

• Hamamatsu Photonics
• Bruker Corporation
• Karl Storz Gmbh
• MIZUHO Corporation
• PerkinElmer Inc.
• Miltenyi Biotec
• Thermo Fisher Scientific Inc.
• NOVADAQ Technologies Inc.

The Global Near Infrared Imaging Market is segmented as follows:

Global Near Infrared Imaging Market: By Product

• Reagents
• NIR Bioluminescence and Fluorescence Imaging Devices

Global Near Infrared Imaging Market: By Application

• Cancer Surgeries
• Plastic/Reconstructive Surgeries
• In Vivo Imaging
• Gastrointestinal Surgeries
• Cardiovascular Surgeries
• Others

Global Near Infrared Imaging Market: By End-User

• Research Laboratories
• Hospitals
• Others

Global Near Infrared Imaging Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa