The global Near-Infrared Imaging Market revenue growth is majorly supported by increasing geriatric populace, rising global prevalence of severe chronic diseases such as cancer and cardiovascular disorders, and rapidly increasing pre-clinical and clinical imaging applications of near-infrared imaging technology – particularly in cancer diagnosis and treatment.
Near-infrared imaging offers numerous advantages over other traditional imaging technologies, such as real-time and high-resolution images of internal organs of the human body and comprehensive molecular profiling. Rising burden of target diseases such as cardiovascular, neurovascular, and gastrointestinal diseases, technological advances in near-infrared imaging systems, increasing demand for technologically advanced fluorescence near-infrared imaging systems for deep tissue penetration, and increasing applications of this imaging technique in physiological diagnostics, as well as urology, neurology, pulse oximetry, and studies of sports medicine are some other major factors expected to contribute to revenue growth of the global near-infrared imaging market.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Leading Players Analyzed in the Report are:
- Olympus Corporation
- Stryker Corporation
- Quest Medical Imaging BV
- Carl Zeiss Meditec AG
- PerkinElmer Inc
- Medtronic PLC
- KARL STORZ SE & Co. KG
- LI-COR Inc.
- Shimadzu Corporation
- Leica Microsystems
- Others
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Some Key Highlights in the Report
- In January 2021, Olympus Corporation announced signing of a definitive agreement to purchase Quest Photonic Devices BV. The deal is valued at USD 60.70 million and is intended to reinforce Olympus Corporation’s capabilities in surgical endoscopy.
- Among the product type segments, the devices segment accounted for a significantly large revenue share in 2020. Devices such as near-infrared fluorescence imaging find application in lesion detection and imaging-guided surgery. Near-infrared fluorescence imaging devices provide enhanced spatial resolution and provides a better optical view of internal structures owing to its ability to reach a significant tissue depth.
- Near-infrared imaging market in North America accounted for largest market share the global market in 2020, which can be attributed to rapid adoption of advanced technologies, increasing investment in innovative imaging modalities, and high healthcare expenditure in countries in the region. In addition, rising prevalence of chronic diseases and presence of leading providers of near-infrared imaging systems in countries in the region are other factors driving market growth.
- Among the application segments, revenue from the reconstructive surgery segment is expected to register a significantly high growth rate during the forecast period. Near-infrared imaging technology, due to ability for anatomical guidance in real-time, perioperative, and identification ability, helps in evaluating tissue viability by monitoring perfusion and oxygenation changes during the transfer of pedicled flaps in plastic/reconstructive surgery.
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Emergen Research has segmented the global near-infrared imaging market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Devices
- Reagents
Application Outlook (Revenue, USD Million; 2018–2028)
- Cancer Surgeries
- Cardiovascular Surgeries
- Gastrointestinal Surgeries
- Reconstructive Surgeries
- Preclinical Imaging
- Others
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Hospitals
- Pharmaceutical Companies
- Research Institutes
- Others
Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Global Near-Infrared Imaging Market Geographical Landscape – Synopsis:
- The report closely studies the growth trajectory of the global Near-Infrared Imaging market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
- The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
- Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
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The post Near Infrared Imaging Market Revenue Poised for Significant Growth During the Forecast Period by 2030 appeared first on Market O Graphics.
