Global Near Infrared Imaging Market Research and Analysis, 2017-2022

Posted by Orion Market Research on October 3rd, 2018


Near infrared (NIR) imaging is a non-invasive imaging technique that uses non-ionizing rays for the detection of hemoglobin quantity present in the brain, muscles, and other body tissues. The imaging technique detects the changes stimulated by the brain activity, disease, or an injury. It uses nanoparticle-based near infrared imaging system that is not prone to instant photo scattering, light absorption, and organic instability. The near infrared imaging technique is actively used by the clinicians in the diagnosis of breast cancer, depression, Alzheimer’s disease, and schizophrenia. Moreover, it offers various advantages over existing radiological technique, including the better resolution for differentiating between soft tissues and minimal absorption of harmful rays.

Browse full report at: Global Near Infrared Imaging Market

Some of the major factors attributing to the growth of the market are increasing technological advancement such as introduction of digital imaging technology and increasing prevalence of cancer cases in low- and middle-income countries. According to the World Health Organization (WHO), in 2015, around 8.8 million deaths occurred due to cancer globally. Some of the cancers leading to the deaths are lung cancer, liver cancer, colorectal cancer, and breast cancer.  Moreover, the rapid development of near infrared cameras with novel features is one of the prime factors which are augmenting the growth of the market. The NIR imaging system provides high sensitivity, real-time display, and detailed molecular profiling. The systems are convenient to use and possess no radiation as compared to other radiological devices.

However, the high cost of research and development and infrared detectors is hampering the growth of the market. The high propensity for toxicity and heavy metal composition is hindering the market growth in the clinical industry. Furthermore, the near infrared imaging lasers have beam width and divergence that are inappropriate for microscopy. The introduction of alternative imaging technique such as CT scan, MRI, and PET scan and lack of skilled professionals are some of the factors that are hampering the growth of the market.

The use of near infrared imaging technique can be possibly extended into the routine clinical processes. The technique can be used in the development of cerebral imaging modality for recording structure and functioning of the brain in newborn infants. Moreover, the growing adoption of medical tourism in emerging economies, especially India, China, and Brazil, is expected to drive the growth of the market in the near future. According to the report published by the India Brand Equity Foundation (IBEF), in 2015, the medical tourism in India was estimated to billion in 2015, owing to the visit of around 1,00,000 patients every year, and is projected to reach - by 2020.

Some of the key players operating in the global near infrared imaging market areBiospace Lab, Bosch Healthcare Solution Gmbh, Bruker Corporation, Carl Zeiss Meditec AG, Fluoptics, Hamamatsu Photonics, Karl Storz Gmbh& CO. KG Corporation, Li-cor Inc., Miltenyi Biotech, Mizuho Corporation, NovadaqTechnologies Inc., Perkinelmer Inc., Promega Corporation, Thermo Fisher Scientific, and Malvern Panalytical Ltd.

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