Global Near Infrared Imaging/NIR Market Expected to Grow to $2.9 Billion by 2027
The global Near Infrared Imaging/NIR market gathered revenue around USD 1.0 Billion in 2020 and market is set to grow USD 2.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 15.0% during the prediction period 2021 to 2027. The growing number of surgical procedures performed globally, advantages of NIR imaging over conventional visualization methods, and technological advancements in NIR imaging modalities. However, the lengthy approval process, which limits the availability of targeted fluorophores, is expected to restrain market growth to a certain extent during the forecast period.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Near Infrared Imaging/NIR market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Near Infrared Imaging/NIR market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Near Infrared Imaging/NIR market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Challenges: Dearth of trained professionals
NIR imaging is a specialized imaging technique and needs skilled operators for its effective utilization. At present, there is a scarcity of skilled operators, especially in developing countries, which is a major factor limiting the uptake of these systems for clinical applications. In addition to this, the technological landscape of the NIR market is constantly evolving, with a growing number of advanced products being launched every year. At present, apart from systems for open surgery, NIR fluorescence imaging is also available for laparoscopic, thoracoscopic, and robot-assisted surgeries. This compels physicians and other healthcare providers to acquire the necessary skills to operate these advanced NIR imaging devices effectively. Owing to this, physicians and healthcare providers are refraining from adopting these imaging systems, which challenges market growth. However, companies such as Carl Zeiss are carrying out various workshops and training sessions on intraoperative fluorescence. These companies present clinical cases in combination with live surgeries to enhance the understanding of the technology and usage of these devices. Such efforts by manufacturers may serve to overcome this challenge in the future.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Near Infrared Imaging/NIR Market are:
The near-infrared imaging 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), Medtronic (US), Hamamatsu Photonics K.K. (Japan), Shimadzu Corporation (Japan), Mizuho Medical Co., Ltd. (Japan), Fluoptics (France), Quest Medical Imaging B.V. (Netherlands), Sigma-Aldrich (Germany), and Teledyne Princeton Instruments (US), among others.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
This research report categorizes the near-infrared imaging market based on product, application, procedure, end-user, and region
Based on the Product:
Based on Application:
Based on Procedure:
Based on End Users:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Benefits For Stakeholders
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
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Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers