Near infrared Imaging Market

Near infrared Imaging Market by Product (Imaging System, Probe, Dye (Organic, Nanoparticle)), Procedure (Cancer, CVD, GI, OB/GYN), Application (Preclinical, Clinical, Medical), End User (Hospital, Pharma, Research Lab) & Region - Global Forecast to 2028

Report Code: MD 4138 Jun, 2023, by marketsandmarkets.com

The global near infrared imaging market in terms of revenue was estimated to be worth $1.0 billion in 2023 and is poised to reach $1.6 billion by 2028, growing at a CAGR of 10.2% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The increasing patient population, rising prevalence of chronic diseases, and rising focus on precision medicine are expected to drive the market during the forecast period.

Global Near Infrared Imaging Market

Near infrared imaging Market

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Near infrared imaging Market

e- Estimated; p- Projected

Near Infrared Imaging Market Dynamics

Driver: Increasing number of surgical procedures

Globally, the number of surgical procedures is on the rise owing to the rising prevalence and incidence of various diseases such as cancer, cardiovascular diseases, neurovascular diseases, and gastrointestinal diseases. Surgical cosmetic procedures and trauma cases are also contributing to the increasing number of surgical procedures.

  • In 2020, there were an estimated 19.3 million new cancer cases, and this number is estimated to reach 28.4 million cases by 2040, an increase of 47% (Source: GLOBOCAN 2020). It is estimated that nearly 80% of cancer cases require surgery (Source: Lancet Commission on Global Surgery). With the rising incidence of cancer, the number of cancer surgeries is also expected to rise.
  • Cardiovascular disease (CVD) is the leading cause of death globally, with an estimated 17.9 million deaths each year, representing 31% of all global deaths. According to the American Heart Association, in the US alone, 102.7 million adults had at least one cardiovascular condition as of 2019. This number is projected to rise to 131.2 million by 2035. Heart disease costs the United States about USD 219 billion each year.
  • Globally, ~11.3 million cosmetic procedures were performed in 2019, a 7.4% increase as compared to 2018. Face & head procedures contribute to 13.5% of all plastic surgeries, followed by body & extremities procedures at 6.3% (Source: ISAPS).
  • Vascular diseases such as aneurysms are on the rise owing to the increasing burden of blood pressure, high cholesterol, and stress. According to the Brain Aneurysm Foundation, an estimated 6 million people in the US have an unruptured brain aneurysm.

Restraint: High Capital and Operational Cost

The high cost of purchasing and operating NIR systems can limit their availability and use in healthcare settings. The initial capital cost of NIR systems are expensive, ranging from several hundred thousand to over a million dollars, which can be a significant barrier for hospitals and medical centres with limited budgets. Moreover, NIR systems require ongoing maintenance, calibration, and repair, as well as specialized personnel to operate and interpret the results, leading to additional ongoing costs that can be significant and accumulate over time. These factors make NIR systems a costly investment for many healthcare providers. The high cost of NIR imaging equipment can make it difficult for smaller hospitals and medical centres in rural areas to purchase and operate these devices. As a result, patients in this area may have limited access to NIR imaging, which can lead to delayed diagnosis and treatment.

Opportunity: Use of blockchain in imaging

Blockchain technology has the potential to revolutionize various industries, and imaging is no exception. The use of blockchain in imaging can offer several benefits, including data integrity, security, provenance, and decentralized storage. It can ensure the authenticity and origin of images through a tamper-proof and transparent ledger, making it valuable for applications such as medical imaging, art authentication, and copyright protection. Additionally, blockchain enables decentralized storage and sharing, reducing reliance on centralized servers and enhancing accessibility. It can also facilitate licensing and royalty tracking for image usage, while improving the security and privacy of medical imaging data. Overall, blockchain has the capacity to revolutionize the imaging industry by offering trust, transparency, and efficiency in various domains.

Challenge: Hospital budget cuts

In response to increasing government pressure for reducing healthcare costs, several healthcare providers have aligned themselves with group purchasing organizations (GPOs), integrated health networks (IHNs), and integrated delivery networks (IDNs). These organizations aggregate the purchasing volume of their members and bargain for a competitive price with the suppliers and manufacturers of medical devices. GPOs, IHNs, and IDNs negotiate heavily for bulk purchases of imaging devices.

The rising cost of prescription drugs and a sharp decline in the proposed budget allocations for Health and Human Services in the US have significantly reduced hospital budgets. A study by the American Hospital Association estimates that federal payment cuts to hospitals would amount to USD 218 billion by 2028, forcing hospitals to allocate smaller budgets annually.

In 2020, Nigeria decided to cut its healthcare spending by 40%. Moreover, the Philippines Government, in 2019, further proposed budget cuts in the healthcare segment, which can significantly impede the market for diagnostic imaging. Owing to these budget cuts, most hospitals cannot afford costly imaging devices and prefer lower-priced alternatives, such as refurbished devices or the upgrading of existing devices. To address this challenge, market players have to adopt suitable strategies to meet the needs of these hospitals.

Market Ecosystem

Near infrared imaging Market Ecosystem

By product, the NIR devices segment accounted for the largest share of the near infrared imaging industry in 2022

Based on product, the global near infrared imaging market is segmented into NIR devices, NIR imaging agents/probes, and NIR dyes. In 2022, the NIR devices system segment accounted for the largest market share. The rising use of advanced instruments in oncology research and the need for better turnaround time, high-image resolution, real-time image guidance during surgeries and enhanced precision is driving the segment growth.

By application, the preclinical applications segment of the near infrared imaging industry to register significant growth in the near future

Based on procedure, the global near infrared imaging market is segmented into preclinical, clinical, and medical. Preclinical applications register the highest growth rate during the forecast period. The major factors responsible for the highest growth rate of this segment are the advanced modalities and increasing surgical procedures at the medical facilities.

By end user, the hospitals and surgical centers companies segment accounted for the largest share of the near infrared imaging industry in 2022

Based on end user, the global near infrared imaging market is segmented into hospitals & clinics, research laboratories, and pharmaceutical & biotechnology companies. In 2022, hospitals and clinics accounted for the largest market share. The rising prevalence of cancer and the growing number of plastic and reconstructive surgeries performed in hospitals and clinics are the key factors driving the market growth.

By procedure, the cancer surgeries segment of the near infrared imaging industry to register significant growth in the near future

Based on procedure, the global near infrared imaging market is segmented into cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries, and ob/gyn surgeries and other applications. Cancer surgery applications register the highest growth rate during the forecast period. The rising prevalence of cancer across the globe is the major factor driving the growth of this segment.

By region, North America is expected to be the largest region of the near infrared imaging industry during the forecast period

North America, comprising the US and Canada, accounted for the largest share of the near infrared imaging market in 2022. The large share of this market can primarily be attributed to the high healthcare spending, rising geriatric population, the rising prevalence of target diseases, growing number of cosmetic surgeries, ongoing research activities, and rapid adoption of technologically advanced imaging systems.

Near infrared imaging Market by Region

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As of 2021, prominent players in the market are Stryker (US), KARL STORZ SE & Co. KG (Germany), Carl Zeiss Meditec AG (Germany), Leica Microsystems (US), Olympus Corporation (Japan), PerkinElmer, Inc. (US), LI-COR, Inc. (US), and Medtronic (Ireland)

Scope of the Near Infrared Imaging Industry

Report Metric 

Details 

Market Revenue in 2023

$1.0 billion

Projected Revenue by 2028

$1.9 billion

Revenue Rate

Poised to Grow at a CAGR of 14.0%

Market Driver

Increasing number of surgical procedures

Market Opportunity

Use of blockchain in imaging

This report has segmented the global near infrared imaging market to forecast revenue and analyze trends in each of the following submarkets:

By Product

  • Device
    • Fluorescence Imaging Systems
    • Fluorescence & Bioluminescence Imaging Systems High Slice Scanners
  • NIR Imaging Agents/Probes
    • Indocyanine Green
    • Other Reagents
  • NIR Dyes
    • Organic Dyes
    • Nanoparticle Dyes

By Application

  • Preclinical
  • Clinical
  • Medical

By Procedure

  • Cancer Surgeries
    • Brain Cancer/Tumor Surgeries
    • Other Cancer Surgeries
  • GIT Surgeries
    • Colorectal Surgeries
    • Other GIT Surgeries
  • Cardiovascular Surgeries
  • Plastic/Reconstructive Surgeries
  • OB/GYN Surgeries
  • Other Applications

By End User

  • Hospitals and Surgical Clinics
  • Pharmaceutical and Biotechnology Companies
  • Research Labs and Academic Institutes
  • Other End Users

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa

Recent Developments of Near Infrared Imaging Industry

  • As of 2020, in Sao Paulo, Brazil, there were ten radiologists for every 100,000 inhabitants, while in the northern part of the country, there were less than three radiologists for every 100,000 inhabitants.
  • According to the report “The Value of Radiology” by the Canadian Association of Radiologists (CAR), there is a need for an estimated 1,700 new radiologists between 2019 and 2040. The report identified the inadequate distribution of medical imaging equipment and radiologists across the country, as well as ageing imaging equipment unable to keep up with demand. In addition, lost work time and wages from patients who take temporary leave from their jobs waiting for imaging diagnoses are estimated to cost the economy an average of USD 3.4 billion per year.
  • In 2023, the American Society for Photobiology (ASP) published a report that found that there is a growing demand for NIR imaging professionals, but that the supply of trained professionals is not keeping pace. The report also found that many NIR imaging companies are struggling to find qualified employees.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 23)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 MARKETS COVERED 
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONAL SEGMENTATION
    1.4 YEARS CONSIDERED 
    1.5 CURRENCY CONSIDERED 
    1.6 RESEARCH LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA 
          FIGURE 1 NEAR INFRARED IMAGING MARKET SIZE: RESEARCH DESIGN
           2.1.1 SECONDARY RESEARCH
           2.1.2 PRIMARY RESEARCH
                    2.1.2.1 Primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
                                FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY AND DEMAND SIDE PARTICIPANTS
                                FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach 1: Company revenue estimation approach
                                FIGURE 5 APPROACH 1: MARKET SIZE ESTIMATION (COMPANY REVENUE ESTIMATION)
                                FIGURE 6 REVENUE SHARE ANALYSIS: ILLUSTRATIVE EXAMPLE OF STRYKER
                    2.2.1.2 Approach 2: Customer-based market estimation
                                FIGURE 7 NEAR INFRARED IMAGING MARKET: BOTTOM-UP APPROACH
                    2.2.1.3 CAGR projections
                                FIGURE 8 CAGR PROJECTION: SUPPLY SIDE ANALYSIS
    2.3 DATA TRIANGULATION 
          FIGURE 9 DATA TRIANGULATION METHODOLOGY
    2.4 MARKET SHARE ASSESSMENT 
    2.5 STUDY ASSUMPTIONS 
    2.6 RISK ASSESSMENT 
           2.6.1 NEAR-INFRARED IMAGING MARKET: RISK ASSESSMENT
    2.7 GROWTH RATE ASSUMPTIONS 
    2.8 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET: RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 40)
    FIGURE 10 NEAR INFRARED IMAGING MARKET SIZE, BY PRODUCT, 2023 VS. 2028 (USD MILLION)
    FIGURE 11 NEAR-INFRARED IMAGING MARKET SEGMENTS, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
    FIGURE 12 NEAR-INFRARED IMAGING MARKET SEGMENTATION, BY PROCEDURE, 2023 VS. 2028 (USD MILLION)
    FIGURE 13 NEAR-INFRARED IMAGING MARKET, BY END USER, 2023 VS. 2028 (USD MILLION)
    FIGURE 14 GEOGRAPHICAL SNAPSHOT: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET
 
4 PREMIUM INSIGHTS (Page No. - 45)
    4.1 NEAR INFRARED IMAGING MARKET OVERVIEW 
          FIGURE 15 RISING PREVALENCE OF TARGET DISEASES TO DRIVE MARKET
    4.2 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET RESEARCH, BY PRODUCT (2023 VS. 2028) 
          FIGURE 16 DEVICES SEGMENT TO DOMINATE NORTH AMERICAN NEAR-INFRARED IMAGING MARKET DURING FORECAST PERIOD
    4.3 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY END USER (2023 VS. 2028) 
          FIGURE 17 HOSPITALS & SURGICAL CLINICS TO FORM LARGEST END USER SEGMENT IN ASIA PACIFIC MARKET
    4.4 GLOBAL: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE (2023 VS. 2028) 
          FIGURE 18 FLUORESCENCE IMAGING SYSTEMS SEGMENT TO HOLD LARGEST SHARE DURING STUDY PERIOD
    4.5 GEOGRAPHICAL SNAPSHOT OF NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET 
          FIGURE 19 CHINA TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 48)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 20 NEAR INFRARED IMAGING MARKET SIZE: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing number of surgical procedures globally
                    5.2.1.2 Advantages of near-infrared imaging over conventional visualization methods
                                TABLE 1 ADVANTAGES OF NEAR-INFRARED IMAGING OVER CONVENTIONAL VISUALIZATION METHODS
                    5.2.1.3 Technological advancements in near-infrared imaging modalities
                    5.2.1.4 Adoption of hybrid near-infrared imaging modalities for surgical guidance and molecular imaging
           5.2.2 RESTRAINTS
                    5.2.2.1 Lengthy approval process of near-infrared fluorophores
                    5.2.2.2 High initial capital and operational costs of near-infrared systems
                    5.2.2.3 Availability of alternate technologies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growth potential for major players in emerging economies
                    5.2.3.2 Use of blockchain for distribution and storage of medical images
           5.2.4 CHALLENGES
                    5.2.4.1 Hospital budget cuts
                    5.2.4.2 Dearth of trained professionals in emerging economies
    5.3 PORTER’S FIVE FORCES ANALYSIS 
          TABLE 2 NEAR-INFRARED IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 REGULATORY ANALYSIS 
           5.4.1 NORTH AMERICA
                    5.4.1.1 US
                                TABLE 3 US: APPROVED IMAGING DEVICES BY FDA
                                TABLE 4 US FDA: MEDICAL DEVICE CLASSIFICATION
                                TABLE 5 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
                    5.4.1.2 Canada
                                TABLE 6 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
           5.4.2 EUROPE
           5.4.3 ASIA PACIFIC
                    5.4.3.1 Japan
                                TABLE 7 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
                    5.4.3.2 China
                                TABLE 8 CHINA: CLASSIFICATION OF MEDICAL DEVICES
                    5.4.3.3 India
    5.5 REIMBURSEMENT SCENARIO ANALYSIS 
          TABLE 9 MEDICAL REIMBURSEMENT CPT CODES FOR NEAR-INFRARED PROCEDURES IN US (AS OF 2021)
    5.6 ECOSYSTEM MAPPING 
    5.7 VALUE CHAIN ANALYSIS 
           5.7.1 RESEARCH & PRODUCT DEVELOPMENT
           5.7.2 RAW MATERIAL AND MANUFACTURING
           5.7.3 MARKETING & SALES, SHIPMENT, AND POST-SALES SERVICES
                    FIGURE 21 VALUE CHAIN ANALYSIS—MAXIMUM VALUE ADDED DURING MANUFACTURING PHASE
    5.8 SUPPLY CHAIN ANALYSIS 
           5.8.1 PROMINENT COMPANIES
           5.8.2 SMALL & MEDIUM-SIZED ENTERPRISES
           5.8.3 END USERS
                    TABLE 10 SUPPLY CHAIN ECOSYSTEM OF NEAR-INFRARED IMAGING MARKET
                    FIGURE 22 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET: SUPPLY CHAIN ANALYSIS
    5.9 PATENT ANALYSIS 
          FIGURE 23 PATENT DETAILS FOR NEAR-INFRARED IMAGING (JANUARY 2013–MAY 2023)
          FIGURE 24 PATENT DETAILS FOR NEAR-INFRARED FLUORESCENCE IMAGING SYSTEMS (JANUARY 2013–MAY 2023)
          FIGURE 25 PATENT DETAILS FOR NEAR-INFRARED DYES (JANUARY 2013–MAY 2023)
    5.1 TRADE ANALYSIS 
           5.10.1 TRADE ANALYSIS: NEAR-INFRARED IMAGING MARKET
                     TABLE 11 IMPORT DATA FOR NEAR-INFRARED IMAGING (HS CODE 902750), BY COUNTRY, 2018–2022 (USD)
                     TABLE 12 EXPORT DATA FOR NEAR-INFRARED IMAGING (HS CODE 902750), BY COUNTRY, 2018–2022 (USD)
    5.11 KEY CONFERENCES AND EVENTS (2023–2025) 
           TABLE 13 NEAR-INFRARED IMAGING MARKET: LIST OF KEY CONFERENCES AND EVENTS (2023–2025)
    5.12 TECHNOLOGY ANALYSIS 
    5.13 CASE STUDY ANALYSIS 
           5.13.1 TECHNOLOGICAL CHALLENGES
                     TABLE 14 CASE STUDY 1: MAINTAINING STRONG FOCUS ON TECHNOLOGICAL INNOVATION AND ADDRESSING REGULATORY COMPLIANCE
           5.13.2 LOWERING DEPENDENCE ON CONTRACT MANUFACTURING
                     TABLE 15 CASE STUDY 2: PROVIDING TRAINING AND EDUCATION AND KEEPING UP WITH EVOLVING SURGICAL TECHNIQUES
    5.14 PRICING ANALYSIS 
           TABLE 16 REGION-WISE PRICE RANGE FOR NEAR-INFRARED IMAGING SYSTEMS
 
6 NEAR INFRARED IMAGING MARKET FORECAST, BY PRODUCT (Page No. - 75)
    6.1 INTRODUCTION 
          TABLE 17 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
    6.2 DEVICES 
          TABLE 18 NEAR-INFRARED IMAGING MARKET RESEARCH FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 19 NEAR-INFRARED IMAGING MARKET SEGMENTS FOR DEVICES, BY REGION, 2021–2028 (USD MILLION)
          TABLE 20 NEAR-INFRARED IMAGING MARKET SEGMENTATION FOR DEVICES, BY APPLICATION, 2021–2028 (USD MILLION)
          TABLE 21 NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY PROCEDURE, 2021–2028 (USD MILLION)
          TABLE 22 NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY END USER, 2021–2028 (USD MILLION)
           6.2.1 FLUORESCENCE IMAGING SYSTEMS
                    6.2.1.1 Higher sensitivity and better real-time image guidance during surgeries to drive market
                                TABLE 23 FLUORESCENCE IMAGING SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.2 FLUORESCENCE & BIOLUMINESCENCE IMAGING SYSTEMS
                    6.2.2.1 Better sensitivity and higher efficiency at lower costs to drive market
                                TABLE 24 FLUORESCENCE & BIOLUMINESCENCE IMAGING SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 NIR IMAGING AGENTS/PROBES 
                    TABLE 25 NEAR INFRARED IMAGING MARKET FOR NIR IMAGING AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 26 NEAR-INFRARED IMAGING MARKET FOR NIR IMAGING AGENTS/PROBES, BY REGION, 2021–2028 (USD MILLION)
                    TABLE 27 NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 28 NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY PROCEDURE, 2021–2028 (USD MILLION)
                    TABLE 29 NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY END USER, 2021–2028 (USD MILLION)
           6.3.1 INDOCYANINE GREEN
                    6.3.1.1 Increasing utilization of small organic probes in near-infrared imaging to drive segment
                                TABLE 30 INDOCYANINE GREEN MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.3.2 OTHER REAGENTS
                    6.3.2.1 Other reagents to provide specific functionalities and properties for better imaging process
                                TABLE 31 OTHER REAGENTS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.4 NIR DYES 
                    TABLE 32 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
                    TABLE 33 NEAR-INFRARED IMAGING MARKET SEGMENTATION FOR NIR DYES, BY REGION, 2021–2028 (USD MILLION)
                    TABLE 34 NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY APPLICATION, 2021–2028 (USD MILLION)
                    TABLE 35 NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY PROCEDURE, 2021–2028 (USD MILLION)
                    TABLE 36 NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY END USER, 2021–2028 (USD MILLION)
           6.4.1 ORGANIC DYES
                    6.4.1.1 Unique molecular structure and better compatibility with biological systems to drive segment
                                TABLE 37 ORGANIC DYES MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.4.2 NANOPARTICLE DYES
                    6.4.2.1 Better brightness and enhanced signal intensity compared to organic dyes to drive segment
                                TABLE 38 NANOPARTICLE DYES MARKET, BY REGION, 2021–2028 (USD MILLION)
 
7 NEAR INFRARED IMAGING MARKET FORECAST, BY PROCEDURE (Page No. - 91)
    7.1 INTRODUCTION 
          TABLE 39 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET, BY PROCEDURE, 2021–2028 (USD MILLION)
    7.2 CANCER SURGERIES 
          TABLE 40 NEAR-INFRARED IMAGING MARKET RESEARCH FOR CANCER SURGERIES, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 41 NEAR-INFRARED IMAGING MARKET SEGMENTS FOR CANCER SURGERIES, BY REGION, 2021–2028 (USD MILLION)
           7.2.1 BRAIN CANCER/TUMOR SURGERIES
                    7.2.1.1 Advancements in surgical navigation using NIR-I/II fluorescence imaging to drive market
                                TABLE 42 BRAIN CANCER/TUMOR SURGERIES MARKET, BY REGION, 2021–2028 (USD MILLION)
           7.2.2 OTHER CANCER SURGERIES
                    7.2.2.1 Better tissue penetration and lower autofluorescence levels to drive market
                                TABLE 43 OTHER CANCER SURGERIES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.3 GASTROINTESTINAL SURGERIES 
          TABLE 44 NEAR-INFRARED IMAGING MARKET SEGMENTATION FOR GASTROINTESTINAL SURGERIES, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 45 NEAR-INFRARED IMAGING MARKET FOR GASTROINTESTINAL SURGERIES, BY REGION, 2021–2028 (USD MILLION)
           7.3.1 COLORECTAL SURGERIES
                    7.3.1.1 Advancements in treatment strategies and procedures to drive market
                                TABLE 46 COLORECTAL SURGERIES MARKET, BY REGION, 2021–2028 (USD MILLION)
           7.3.2 OTHER GASTROINTESTINAL SURGERIES
                    7.3.2.1 Precise visualization of near-infrared imaging to drive market
                                TABLE 47 OTHER GASTROINTESTINAL SURGERIES MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.4 CARDIOVASCULAR DISEASES 
           7.4.1 RISING PREVALENCE OF CARDIOVASCULAR DISEASES AMONG ALL AGE GROUPS TO DRIVE MARKET
                    TABLE 48 NEAR INFRARED IMAGING MARKET FOR CARDIOVASCULAR DISEASES, BY REGION, 2021–2028 (USD MILLION)
    7.5 PLASTIC/RECONSTRUCTIVE SURGERIES 
           7.5.1 RISING NUMBER OF RECONSTRUCTIVE SURGERIES GLOBALLY TO DRIVE MARKET
                    TABLE 49 NEAR-INFRARED IMAGING MARKET FOR PLASTIC/RECONSTRUCTIVE SURGERIES, BY REGION, 2021–2028 (USD MILLION)
    7.6 OBSTETRICS & GYNECOLOGY SURGERIES 
           7.6.1 INCREASED NUMBER OF CLINICAL TRIALS AND IMPROVED TISSUE CONTRAST DURING SURGERIES TO DRIVE MARKET
                    TABLE 50 NEAR-INFRARED IMAGING MARKET RESEARCH FOR OBSTETRICS & GYNECOLOGY SURGERIES, BY REGION, 2021–2028 (USD MILLION)
    7.7 OTHER PROCEDURES 
          TABLE 51 NEAR-INFRARED IMAGING MARKET SEGMENTS FOR OTHER PROCEDURES, BY REGION, 2021–2028 (USD MILLION)
 
8 NEAR INFRARED IMAGING MARKET FORECAST, BY APPLICATION (Page No. - 104)
    8.1 INTRODUCTION 
          TABLE 52 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
    8.2 PRECLINICAL IMAGING 
           8.2.1 GROWING FOCUS ON DEVELOPING NEW TREATMENTS FOR CHRONIC DISEASES TO DRIVE MARKET
                    TABLE 53 NEAR-INFRARED IMAGING MARKET FOR PRECLINICAL IMAGING, BY REGION, 2021–2028 (USD MILLION)
    8.3 CLINICAL IMAGING 
           8.3.1 INCREASING USE OF NEAR-INFRARED IMAGING FOR REAL-TIME VISUALIZATION DURING SURGERIES TO DRIVE MARKET
                    TABLE 54 NEAR-INFRARED IMAGING MARKET FOR CLINICAL IMAGING, BY REGION, 2021–2028 (USD MILLION)
    8.4 MEDICAL IMAGING 
           8.4.1 APPLICATIONS OF FLUORESCENCE IMAGING SINGLE-CELL TRACKING FOR STUDYING IMMUNE SYSTEM TO DRIVE MARKET
                    TABLE 55 NEAR-INFRARED IMAGING MARKET FOR MEDICAL IMAGING, BY REGION, 2021–2028 (USD MILLION)
 
9 NEAR INFRARED IMAGING MARKET FORECAST, BY END USER (Page No. - 109)
    9.1 INTRODUCTION 
          TABLE 56 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET, BY END USER, 2021–2028 (USD MILLION)
    9.2 HOSPITALS & SURGICAL CLINICS 
           9.2.1 RISING NUMBER OF CANCER AND RECONSTRUCTIVE SURGERIES TO DRIVE MARKET
                    TABLE 57 NEAR-INFRARED IMAGING MARKET SEGMENTATION FOR HOSPITALS & SURGICAL CLINICS, BY REGION, 2021–2028 (USD MILLION)
    9.3 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES 
           9.3.1 GROWING PRECLINICAL RESEARCH AND DRUG DISCOVERY TO DRIVE MARKET
                    TABLE 58 NEAR-INFRARED IMAGING MARKET SEGMENTS FOR PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES, BY REGION, 2021–2028 (USD MILLION)
    9.4 RESEARCH LABORATORIES & ACADEMIC INSTITUTES 
           9.4.1 FUNDING FROM GOVERNMENT ORGANIZATIONS FOR BIOMEDICAL RESEARCH TO DRIVE MARKET
                    TABLE 59 NEAR-INFRARED IMAGING MARKET FOR RESEARCH LABORATORIES & ACADEMIC INSTITUTES, BY REGION, 2021–2028 (USD MILLION)
    9.5 OTHER END USERS 
          TABLE 60 NEAR-INFRARED IMAGING MARKET FOR OTHER END USERS, BY REGION, 2021–2028 (USD MILLION)
 
10 NEAR INFRARED IMAGING MARKET FORECAST, BY REGION (Page No. - 115)
     10.1 INTRODUCTION 
             TABLE 61 NEAR-INFRARED IMAGING MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             FIGURE 26 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET SNAPSHOT
             TABLE 62 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET GROWTH, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 63 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET REPORT, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 64 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 65 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 66 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 67 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET RESEARCH, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 68 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET REPORT, BY PROCEDURE, 2021–2028 (USD MILLION)
             TABLE 69 NORTH AMERICA: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET, BY END USER, 2021–2028 (USD MILLION)
             10.2.1 US
                        10.2.1.1 Advanced healthcare infrastructure and favorable regulations to drive market
                                      TABLE 70 US: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 71 US: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 72 US: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 73 US: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.2.2 CANADA
                        10.2.2.1 Increased availability of research funding to drive market
                                      TABLE 74 CANADA: NEAR INFRARED IMAGING MARKET TRENDS, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 75 CANADA: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 76 CANADA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 77 CANADA: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
     10.3 EUROPE 
             TABLE 78 EUROPE: NEAR-INFRARED IMAGING MARKET GROWTH, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 79 EUROPE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 80 EUROPE: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 81 EUROPE: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 82 EUROPE: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 83 EUROPE: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 84 EUROPE: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2021–2028 (USD MILLION)
             TABLE 85 EUROPE: NEAR-INFRARED IMAGING MARKET REPORT, BY END USER, 2021–2028 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Increasing healthcare expenditure and government spending to drive market
                                      TABLE 86 GERMANY: NEAR INFRARED IMAGING MARKET TRENDS, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 87 GERMANY: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 88 GERMANY: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 89 GERMANY: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.3.2 FRANCE
                        10.3.2.1 Increasing target patient population and rising number of diagnostic tests for chronic diseases to drive market
                                      TABLE 90 FRANCE: NEAR-INFRARED IMAGING MARKET REPORT, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 91 FRANCE: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 92 FRANCE: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 93 FRANCE: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.3.3 UK
                        10.3.3.1 Growing government initiatives and increasing incidences of chronic diseases to drive market
                                      TABLE 94 UK: NEAR INFRARED IMAGING MARKET TRENDS, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 95 UK: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 96 UK: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 97 UK: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.3.4 ITALY
                        10.3.4.1 Increased availability of reimbursement coverage for diagnostic procedures to drive market
                                      TABLE 98 ITALY: NEAR-INFRARED IMAGING MARKET GROWTH, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 99 ITALY: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 100 ITALY: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 101 ITALY: NEAR-INFRARED IMAGING MARKET FOR NIR DYE, BY TYPE, 2021–2028 (USD MILLION)
             10.3.5 SPAIN
                        10.3.5.1 Increasing prevalence of cancer and growing private-public funding to drive market
                                      TABLE 102 SPAIN: NEAR INFRARED IMAGING MARKET TRENDS, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 103 SPAIN: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 104 SPAIN: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 105 SPAIN: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.3.6 REST OF EUROPE
                        TABLE 106 REST OF EUROPE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                        TABLE 107 REST OF EUROPE: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 108 REST OF EUROPE: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 109 REST OF EUROPE: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
     10.4 ASIA PACIFIC 
             FIGURE 27 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET SNAPSHOT
             TABLE 110 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET GROWTH, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 111 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET REPORT, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 112 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 113 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 114 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 115 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 116 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET REPORT, BY PROCEDURE, 2021–2028 (USD MILLION)
             TABLE 117 ASIA PACIFIC: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET, BY END USER, 2021–2028 (USD MILLION)
             10.4.1 CHINA
                        10.4.1.1 Increasing healthcare reforms and government investments to drive market
                                      TABLE 118 CHINA: NEAR INFRARED IMAGING MARKET TRENDS, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 119 CHINA: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 120 CHINA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 121 CHINA: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.4.2 JAPAN
                        10.4.2.1 Fast adoption of advanced technologies and growth in geriatric population to drive market
                                      TABLE 122 JAPAN: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 123 JAPAN: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 124 JAPAN: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 125 JAPAN: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.4.3 INDIA
                        10.4.3.1 Increasing number of diagnostic procedures and improving healthcare infrastructure to drive market
                                      TABLE 126 INDIA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 127 INDIA: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 128 INDIA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 129 INDIA: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.4.4 AUSTRALIA
                        10.4.4.1 Growing healthcare spending and increasing investments in research to drive market
                                      TABLE 130 AUSTRALIA: NEAR INFRARED IMAGING MARKET OVERVIEW, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 131 AUSTRALIA: NEAR-INFRARED IMAGING MARKET GROWTH FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 132 AUSTRALIA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 133 AUSTRALIA: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.4.5 SOUTH KOREA
                        10.4.5.1 Presence of advanced healthcare system and increased awareness about diseases to drive market
                                      TABLE 134 SOUTH KOREA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 135 SOUTH KOREA: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 136 SOUTH KOREA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 137 SOUTH KOREA: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.4.6 REST OF ASIA PACIFIC
                        TABLE 138 REST OF ASIA PACIFIC: NEAR INFRARED IMAGING MARKET OVERVIEW, BY PRODUCT, 2021–2028 (USD MILLION)
                        TABLE 139 REST OF ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 140 REST OF ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 141 REST OF ASIA PACIFIC: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
     10.5 LATIN AMERICA 
             TABLE 142 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 143 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
             TABLE 144 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 145 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 146 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 147 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 148 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2021–2028 (USD MILLION)
             TABLE 149 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET REPORT, BY END USER, 2021–2028 (USD MILLION)
             10.5.1 BRAZIL
                        10.5.1.1 Greater purchasing power and more favorable demographic conditions to drive market
                                      TABLE 150 BRAZIL: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 151 BRAZIL: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 152 BRAZIL: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 153 BRAZIL: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.5.2 MEXICO
                        10.5.2.1 Increased medical tourism and better government healthcare initiatives to drive market
                                      TABLE 154 MEXICO: NEAR INFRARED IMAGING MARKET OVERVIEW, BY PRODUCT, 2021–2028 (USD MILLION)
                                      TABLE 155 MEXICO: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 156 MEXICO: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                                      TABLE 157 MEXICO: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
             10.5.3 REST OF LATIN AMERICA
                        TABLE 158 REST OF LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021–2028 (USD MILLION)
                        TABLE 159 REST OF LATIN AMERICA: NEAR-INFRARED IMAGING MARKET FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 160 REST OF LATIN AMERICA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 161 REST OF LATIN AMERICA: NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 GROWING MEDICAL TOURISM TO DRIVE MARKET
                        TABLE 162 MIDDLE EAST & AFRICA: NEAR INFRARED IMAGING MARKET OVERVIEW, BY PRODUCT, 2021–2028 (USD MILLION)
                        TABLE 163 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET REPORT FOR DEVICES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 164 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET FOR NIR AGENTS/PROBES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 165 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET FOR NIR DYES, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 166 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
                        TABLE 167 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2021–2028 (USD MILLION)
                        TABLE 168 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET REPORT, BY END USER, 2021–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 169)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             11.2.1 OVERVIEW OF KEY STRATEGIES ADOPTED BY PLAYERS IN NEAR INFRARED IMAGING MARKET
     11.3 REVENUE SHARE ANALYSIS 
             FIGURE 28 REVENUE SHARE ANALYSIS OF TOP PLAYERS IN NEAR-INFRARED IMAGING MARKET, 2022
     11.4 MARKET SHARE ANALYSIS 
             FIGURE 29 MARKET SHARE ANALYSIS OF TOP PLAYERS IN NEAR-INFRARED FLUORESCENCE IMAGING SYSTEM MARKET, 2022
             TABLE 169 NEAR INFRARED IMAGING MARKET: DEGREE OF COMPETITION
     11.5 COMPANY EVALUATION MATRIX FOR KEY PLAYERS (2022) 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 30 NEAR-INFRARED IMAGING MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022
     11.6 COMPANY EVALUATION MATRIX FOR START-UPS/SMES (2022) 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 STARTING BLOCKS
             11.6.3 RESPONSIVE COMPANIES
             11.6.4 DYNAMIC COMPANIES
                        FIGURE 31 NEAR INFRARED IMAGING MARKET REPORT: COMPANY EVALUATION MATRIX FOR START-UPS/SMES, 2022
     11.7 COMPETITIVE BENCHMARKING 
             TABLE 170 PRODUCT AND GEOGRAPHICAL FOOTPRINT ANALYSIS OF KEY PLAYERS
             TABLE 171 PRODUCT FOOTPRINT OF COMPANIES
             TABLE 172 GEOGRAPHICAL FOOTPRINT OF COMPANIES
     11.8 COMPETITIVE SCENARIOS AND TRENDS 
             TABLE 173 KEY PRODUCT LAUNCHES
             TABLE 174 KEY DEALS
             TABLE 175 OTHER KEY DEVELOPMENTS
 
12 COMPANY PROFILES (Page No. - 180)
(Business overview, Products offered, Recent developments & MnM View)*
     12.1 KEY PLAYERS 
             12.1.1 STRYKER
                        TABLE 176 STRYKER: COMPANY OVERVIEW
                        FIGURE 32 STRYKER: COMPANY SNAPSHOT (2022)
             12.1.2 KARL STORZ SE & CO. KG
                        TABLE 177 KARL STORZ SE & CO. KG: COMPANY OVERVIEW
             12.1.3 CARL ZEISS MEDITEC AG
                        TABLE 178 CARL ZEISS MEDITEC GROUP: COMPANY OVERVIEW
                        FIGURE 33 CARL ZEISS MEDITEC GROUP: COMPANY SNAPSHOT (2022)
             12.1.4 LEICA MICROSYSTEMS
                        TABLE 179 LEICA MICROSYSTEMS: COMPANY OVERVIEW
                        FIGURE 34 LEICA MICROSYSTEMS (DANAHER CORPORATION): COMPANY SNAPSHOT (2022)
             12.1.5 OLYMPUS CORPORATION
                        TABLE 180 OLYMPUS CORPORATION: COMPANY OVERVIEW
                        FIGURE 35 OLYMPUS CORPORATION: COMPANY SNAPSHOT (2022)
             12.1.6 SHIMADZU CORPORATION
                        TABLE 181 SHIMADZU CORPORATION: COMPANY OVERVIEW
                        FIGURE 36 SHIMADZU CORPORATION: COMPANY SNAPSHOT (2021)
             12.1.7 PERKINELMER, INC.
                        TABLE 182 PERKINELMER, INC.: COMPANY OVERVIEW
                        FIGURE 37 PERKINELMER, INC.: COMPANY SNAPSHOT (2021)
             12.1.8 LI-COR, INC.
                        TABLE 183 LI-COR, INC.: COMPANY OVERVIEW
             12.1.9 HAMAMATSU PHOTONICS K.K.
                        TABLE 184 HAMAMATSU PHOTONICS K.K.: COMPANY OVERVIEW
                        FIGURE 38 HAMAMATSU PHOTONICS K.K.: COMPANY SNAPSHOT (2022)
             12.1.10 QUEST MEDICAL IMAGING B.V.
                        TABLE 185 QUEST MEDICAL IMAGING B.V.: COMPANY OVERVIEW
             12.1.11 SIGMA-ALDRICH (MERCK)
                        TABLE 186 SIGMA-ALDRICH: COMPANY OVERVIEW
                        FIGURE 39 SIGMA-ALDRICH: COMPANY SNAPSHOT (2022)
             12.1.12 MIZUHO MEDICAL CO., LTD.
                        TABLE 187 MIZUHO MEDICAL CO., LTD.: COMPANY OVERVIEW
             12.1.13 TELEDYNE PRINCETON INSTRUMENTS
                        TABLE 188 TELEDYNE PRINCETON INSTRUMENTS: COMPANY OVERVIEW
                        FIGURE 40 TELEDYNE PRINCETON INSTRUMENTS: COMPANY SNAPSHOT (2022)
             12.1.14 THERMO FISHER SCIENTIFIC INC.
                        TABLE 189 THERMO FISHER SCIENTIFIC INC.: COMPANY OVERVIEW
                        FIGURE 41 THERMO FISHER SCIENTIFIC INC.: COMPANY SNAPSHOT (2022)
             12.1.15 FLUOPTICS
                        TABLE 190 FLUOPTICS: COMPANY OVERVIEW
             12.1.16 MEDTRONIC
                        TABLE 191 MEDTRONIC: COMPANY OVERVIEW
             12.1.17 CAYMAN CHEMICAL
                        TABLE 192 CAYMAN CHEMICAL: COMPANY OVERVIEW
             12.1.18 MP BIOMEDICALS
                        TABLE 193 MP BIOMEDICALS: COMPANY OVERVIEW
             12.1.19 CRYSTA-LYN CHEMICAL COMPANY
                        TABLE 194 CRYSTA-LYN CHEMICAL COMPANY: COMPANY OVERVIEW
             12.1.20 GOWERLABS LTD.
                        TABLE 195 GOWERLABS LTD.: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     12.2 OTHER COMPANIES 
             12.2.1 NIRX MEDICAL TECHNOLOGIES, LLC
             12.2.2 XENICS NV
             12.2.3 BIOTIUM
             12.2.4 TOKYO CHEMICAL INDUSTRY (INDIA) PVT. LTD.
             12.2.5 AAT BIOQUEST, INC.
 
13 APPENDIX (Page No. - 225)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the near infrared imaging market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial near infrared imaging market study. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the near infrared imaging market. The primary sources from the demand side include hospitals, clinics, research labs, and pharmaceutical and biotechnology companies. Primary research was conducted to validate the market segmentation, identify key players, and gather insights on key industry trends & key market dynamics.

A breakdown of the primary respondents is provided below:

Near infrared imaging Market Size, and Share

*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.

Note: Companies are classified into tiers based on their total revenue. As of 2022, Tier 1 = >USD 10 billion, Tier 2 = USD 10 billion to USD 1 billion, Tier 3 = <USD 500 million to USD 1 billion

To know about the assumptions considered for the study, download the pdf brochure

Market Estimation Methodology

In this report, the near infrared imaging market’s size was determined using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the market business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.

Segmental revenues were calculated based on the revenue mapping of major solution/service providers to calculate the global market value. This process involved the following steps:

  • Generating a list of major global players operating in the near infrared imaging market.
  • Mapping annual revenues generated by major global players from the product segment (or nearest reported business unit/product category)
  • Revenue mapping of major players to cover a major share of the global market share, as of 2022
  • Extrapolating the global value of the near infrared imaging market industry

Bottom-up approach

In this report, the size of the global near infrared imaging market was determined using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the near infrared imaging business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and marketing executives.

Approach 1: Company revenue estimation approach

To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/product providers. This process involved the following steps:

  • Generating a list of major global players operating in the near infrared imaging market
  • Mapping the annual revenues generated by major global players from the near infrared imaging segment (or the nearest reported business unit/product category)
  • Mapping the revenues of major players to cover at least 80–85% of the global market share as of 2022
  • Extrapolating the global value of the near infrared imaging industry

Approach 2: Customer-based market estimation

During preliminary secondary research, the total sales revenue of near infrared imaging was estimated and validated at the regional and country level, triangulated, and validated to estimate the global market value. This process involved the following steps:

  • Generating a list of major customer facilities across each region and country
  • Identifying the average number of near infrared imaging product supplies used by major customer facilities across each product type at the regional/country level, annually
  • Identifying the percentage contribution of major customer facilities to the overall near infrared imaging expenditure and usage at the regional/country level, annually
  • Extrapolating the annual usage patterns for various products across major customer facilities to estimate the size of each product segment at the regional/country level, annually
  • Identifying the percentage contributions of individual market segments and subsegments to the overall near infrared imaging market at the regional/country level

Near Infrared Imaging Market Size Estimation: Bottom-Up Approach

Near infrared imaging Market Size, and Share

Source: MarketsandMarkets Analysis

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the global near infrared imaging market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the near infrared imaging market was validated using top-down and bottom-up approaches.

Market Definition

NIR imaging is a non-invasive imaging technique that utilizes near-infrared light to capture images and gather information about tissues and structures within the human body or other subjects. NIR light has wavelengths ranging from approximately 700 to 2500 nanometers, which lies just beyond the visible light spectrum. NIR imaging has several applications in fields such as preclinical research and uses, medical, and clinical. It provides valuable insights into functional brain imaging, tumor detection, vascular imaging, and drug delivery monitoring. NIR imaging offers advantages such as deeper tissue penetration, non-ionizing nature, and the ability to capture functional and structural information. Its versatility makes it a valuable tool in various research, diagnostic, and quality control applications.

Key Stakeholders

  • Near-infrared imaging product manufacturers
  • Original equipment manufacturers (OEMs)
  • Suppliers, distributors, and channel partners
  • Healthcare service providers
  • Hospitals and academic medical centers
  • Pharmaceutical and biotechnology companies
  • Research laboratories
  • Health insurance providers
  • Government bodies/organizations
  • Regulatory bodies
  • Medical research institutes
  • Business research and consulting service providers
  • Venture capitalists and other public-private funding agencies
  • Market research and consulting firms

Objectives of the Study

  • To define, describe, and forecast the near infrared imaging market based on product, procedure, application, enduser, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the revenue of the market segments with respect to four regions, namely, North America, Europe, the Asia Pacific, Latin America, Middle East and Africa
  • To profile the key players and comprehensively analyze their market ranking and core competencies
  • To benchmark players within the market using a proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of  market share and product footprint

Available Customizations

With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the present global near infrared imaging market report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top five companies

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Geographic Analysis

  • Further breakdown of the Rest of Europe near infrared imaging market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal, among others
  • Further breakdown of the Rest of Asia Pacific near infrared imaging market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
  • Further breakdown of the Rest of Latin America (RoLATAM), which comprises Argentina, Chile, Peru, Colombia, and Cuba
  • Further breakdown of the RoW market into Latin America and MEA regions
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Jun, 2023
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