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Near Infrared Medical Imaging Market  What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry  The…

Near Infrared Medical Imaging Market What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry The…


Near infrared medical imaging market, By Product Type (Near Infrared Fluorescence Imaging Devices and Near Infrared Bioluminescence Imaging Devices), By Application (In-Vivo Imaging, Cancer Surgeries, Cardiovascular Surgeries, Gastrointestinal Surgeries, Plastic/Reconstructive Surgeries, and Others), By End users (Hospitals, Diagnostic Centers, Research Laboratories, and Others), and By Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Market Overview

Near Infrared Medical Imaging is a new technology that uses radio waves and high-frequency sounds to capture images of internal body organs, as well as soft tissue. This technology is fast becoming the choice of physicians, nurses, and other health care providers, and is the hottest medical imaging modality in use today. Global near infrared medical imaging market research reveals insightful and detailed information on various key points such as segmentation, geographic expansion, and regional growth. NRI medical imaging uses near-infrared spectroscopy in addition to ultrasound for various diagnostic procedures. The unique properties of near infrared spectroscopy make it a clinically relevant modality. It allows non-invasive, easy evaluation and localization of benign and malignant tumors and other medical conditions, thereby enabling physicians to provide an accurate diagnosis.

Market Dynamics- Driver & Restraint

Increasing number of surgical procedures is expected to drive growth of the global near infrared medical imaging market during the forecast period. According to the American Society of Plastic Surgeons (ASPS), in 2018, around 1.8 million cosmetic surgical procedures were performed with breast augmentation topping the list followed by liposuction, nose reshaping, and eyelid surgery.

However, the lack of skilled and experienced personnel to perform these complicated surgical procedures and the high price of infrared detectors are expected to restrain growth of the global near infrared medical imaging market during the forecast period.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has affected the near infrared medical imaging market, similar to other major markets. Since the outbreak of the pandemic, the requirement for a novel, rapid, and cost-effective diagnostic testing has increased. Many research and healthcare facilities have utilized state-of-art research tools such as near-infrared spectroscopy, Raman spectroscopy, and Fourier transform infrared spectroscopy for the better detection of coronavirus.

Key Takeaways

The global near infrared medical imaging market is expected to witness significant growth, exhibiting a CAGR of XX%, during the forecast period. This is owing to increasing incidence of target diseases such as measles, hepatitis B, and tuberculosis.

On the basis of regions, North America is expected to witness significant growth in the global near infrared imaging market during the forecast period. This is owing to the large population of breast cancer patients across the region. According to Breascancer.org, in 2021, around 281,550 new cases of invasive breast cancer are expected to be diagnosed in women and around 2,650 new cases in men across the U.S.

Asia Pacific is expected to register a robust growth rate, owing to the presence of a large population base and high demand for affordable treatment options across Japan, India, and China.

Key players involved in the global near infrared medical imaging market are Carl Zeiss Meditec AG, NOADAQ Technologies, Inc., Bruker Corporation, Karl Storz GmbH, Shimadzu Corporation, MIZUHO Corporation, and PerkinElmer, Inc.

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Near Infrared Medical Imaging Market What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry The...

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