The global near infrared imaging market was valued at USD 2.06 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 3.9% from 2023 to 2030. This growth is largely driven by the increasing incidence of various target diseases, including cardiovascular diseases (CVDs), gastrointestinal disorders, neurovascular conditions, and various forms of cancer. According to the World Health Organization (WHO), CVDs alone account for approximately 17.9 million deaths annually worldwide, underscoring the urgent need for effective diagnostic and imaging solutions.
Additionally, there is a rising demand for technologically advanced fluorescence imaging systems. This demand is further amplified by various initiatives undertaken by key market players in the industry. For example, in September 2022, a collaboration between Sony, Olympus, and Sony Olympus Medical Solutions led to the development of a cutting-edge surgical endoscopy system that features 4K resolution, 3D visualization, and infrared imaging capabilities. Such innovations are expected to significantly enhance the precision and effectiveness of surgical procedures.
The increased adoption of surgical interventions, particularly microsurgery, has further propelled the use of visualization equipment necessary for conducting these complex operations. The choice of microsurgery is becoming more prevalent among patients due to the rising incidence of chronic diseases, which can be attributed to factors such as stress, work pressure, poor dietary habits, sedentary lifestyles, exposure to environmental toxins, and genetic predisposition.
Gather more insights about the market drivers, restrains and growth of the Near Infrared Imaging Market
Application Segmentation Insights
- Preclinical Imaging Segment
The preclinical imaging segment dominated the near infrared imaging market, holding a significant revenue share of 34.90% in 2022. This segment's growth is largely driven by the rising demand for imaging solutions in cancer research and treatment. The cancer surgeries segment is expected to experience a robust CAGR of 4.9% during the forecast period, reflecting the escalating prevalence of cancer globally. According to the International Agency for Research on Cancer, there were approximately 19,292,789 new cancer cases worldwide in 2020, with projections suggesting this number could reach 50,550,287 by 2025.
Near-infrared (NIR) reagents play a crucial role in preclinical imaging research, facilitating the study of diseases and conditions such as cancer, inflammation, and infections. The ongoing development of advanced NIR reagents, which boast improved fluorescence properties, enhanced tissue penetration, and targeted fluorescence capabilities, is promoting their adoption in preclinical research settings. For instance, the COX 2 probe, a targeted NIR dye developed by PerkinElmer Inc., specifically detects cyclooxygenase-2, an enzyme produced in the early stages of cancer. Such dyes are instrumental in accelerating the clinical development of oncology drugs and diagnostic devices.
- Neurological Monitoring During Cardiovascular Procedures
Neurological complications frequently arise during cardiovascular procedures, such as coronary surgery and valve replacement. Monitoring cerebral oxygenation levels during these cardiac surgeries is essential for improving surgical outcomes and patient safety. The increasing emphasis on implementing measures to monitor cerebral desaturation during cardiac operations is a significant factor driving the adoption of NIR imaging technologies. This focus not only enhances the efficacy of surgical interventions but also contributes to better patient prognoses by minimizing the risk of neurological deficits.
Conclusion
The global near infrared imaging market is poised for steady growth driven by increasing disease incidence, advancements in imaging technologies, and the expanding applications of NIR imaging in both preclinical and clinical settings. As healthcare providers continue to prioritize precision and efficiency in surgical procedures, the demand for innovative imaging solutions is expected to rise. The integration of advanced imaging techniques will not only enhance the capabilities of healthcare professionals but also significantly improve patient outcomes, making NIR imaging a critical component of modern medical practices.
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