Near Infrared Imaging Market Technological Advancement To Create New Opportunity

Posted by Nicky Arora on March 13th, 2020

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.

Access Informative Content @ https://www.grandviewresearch.com/industry-analysis/near-infrared-imaging-market/request/rs1

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.