Near Infrared Imaging (NIR Imaging) Market Size, Share, Trends, Demand & Growth Analysis for Forecast 2024-2029
The Global Near Infrared Imaging Market is expected to witness a growth rate of 7-8% in the next five years. Increasing prevalence of chronic diseases, benefits of near infrared imaging as compared to conventional imaging techniques, continuous advancements in near-infrared imaging technology, growing applications near-infrared imaging in medical research, rising adoption in surgical procedures coupled with the increasing number of surgical procedures globally, supportive regulatory policies and initiatives aimed at promoting the adoption of advanced medical imaging technologies, and adoption of hybrid near infrared imaging modules for surgical guidance and molecular imaging are some of the key factors driving the near infrared imaging market. To learn more about the research report, download a sample report.
Near Infrared Imaging (NIR imaging) is a non-invasive technique using near-infrared light (700-900 nm) to visualize biological tissues. It captures interactions between NIR light and tissues, revealing anatomical structures, blood flow, and molecular markers. Commonly used in medical applications like cancer detection, vascular imaging, brain imaging, and monitoring tissue oxygenation during surgeries, NIR imaging offers real-time visualization, high sensitivity, and minimal tissue damage. These advantages make it a valuable tool in medical diagnostics and research.
Integration with other technologies Offer Ample Growth Opportunities
Integration with other technologies such as MRI, PET, and AI presents a significant opportunity for NIR imaging. Combining NIR with MRI or PET enhances diagnostic precision by providing complementary anatomical and functional information. AI integration improves image processing and analysis, enabling real-time decision support and automated detection of abnormalities. This synergistic approach not only enhances diagnostic accuracy and efficiency but also facilitates personalized treatment strategies. By leveraging these advancements, NIR imaging can potentially expand its clinical applications across various medical fields, from oncology to neurology, and contribute to improved patient outcomes through more precise and tailored healthcare interventions.
“The integration of NIR imaging with sophisticated data-driven algorithms within portable devices represents a transformative leap in medical technology. NIR imaging, known for its simplicity, non-invasiveness, and cost-effectiveness, now stands as a pivotal analytical tool. It seamlessly complements high-cost imaging technologies like functional MRI, PET, and CT scans, offering enhanced diagnostic capabilities across diverse medical fields"- Director, Leading Medical Imaging Equipment Manufacturer, United States
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Technological Innovations Introduced by Players to Drive the Near Infrared Imaging Market
Technological innovations are accelerating the adoption of near infrared imaging by enhancing imaging capabilities and usability. Advancements in sensor technology and optics have improved the sensitivity and resolution of NIR systems, enabling clearer and more detailed tissue visualization. Additionally, the market is seeing significant growth due to research focused on improving NIRI with better detection technology, advanced processing algorithms, and integration with existing modalities like MRI and CT scans for greater data precision and depth. Development of advanced fluorescent dyes and contrast agents enhances specificity and accuracy in molecular imaging applications. Additionally, miniaturization and integration of NIR devices into portable and point-of-care systems increase accessibility in clinical settings. These innovations not only expand the scope of applications in medical diagnostics and surgery but also contribute to improved patient outcomes through precise and non-invasive imaging techniques. Concurrently, the shift toward personalized medicine amplifies NIR imaging's role in diagnostics and continuous patient monitoring, with growing interest in biometric security. The incorporation of NIR imaging into wearable technology further highlights its potential for real-time health monitoring.
For instance,
- Surgeons need enhanced anatomical visualization during breast cancer surgery. The Stryker SPY Portable Handheld Imager (SPY-PHI) uses near-infrared fluorescence imaging technology in combination with Stryker’s spy agent green (imaging agent) to help surgeons visualize lymph nodes during breast cancer surgery and breast imaging, aiding in lymphatic mapping and potentially reducing the need for invasive procedures.
Technological Advancements are driving the NIR imaging Market
The Near Infrared Imaging market is experiencing continuous advancements in technology, with researchers enhancing image resolution, sensitivity, and overall device performance. For instance,
- In April 2024, LI-COR Biotech launched a pair of new Odyssey F biomolecular imaging systems that will provide researchers with significantly faster scans, higher value, expanded assay support, dynamic range and improves data confidence
- In January 2021, KARL STORZ launched IMAGE1 S Rubina multimode visualization system that combines 4K resolution with enhanced fluorescence-guided imaging using near-infrared light and indocyanine green dye (NIR/ICG) that allows surgeons to toggle seamlessly between white-light and various fluorescence modes to suit different surgical needs
- In October 2019, Stryker launch of its state-of-the art Fluorescence Imaging (FI) technology, Spy-Phi, for better outcomes and safety of patients suffering from breast cancer
US to Dominate the Market for NIR Imaging
US is expected to dominate the near infrared (NIR) imaging market owing to several factors, including the country’s strong emphasis on technological innovation and its significant investment in medical and research infrastructure. The US healthcare system’s ongoing adoption of advanced diagnostic tools, especially in oncology and neurology, fuels demand for NIR imaging technologies. Additionally, the presence of leading market players and robust funding for medical research contribute to this growth. The U.S. government and private sector's support for research and development initiatives further accelerates advancements in NIR imaging technology. This environment fosters rapid integration of cutting-edge solutions in both clinical and research settings.
Moreover, collaborations between research institutions and companies in the U.S. lead to innovations that enhance the accuracy and efficiency of NIR imaging systems. As a result, the US is poised to lead the global market, driving significant advancements and adoption of near infrared imaging technologies in the coming years.
Product Type Segment Analysis
The NIR imaging market comprises two main product types: NIR Imaging Devices and NIR Imaging Agents/Probes/Dyes. NIR Imaging Devices are NIR imaging devices are advanced tools, such as cameras and spectrometers, used for capturing and analyzing images in the near infrared spectrum for various applications in medical diagnostics and research. They dominate the market share due to their non-invasive nature and ability to provide real-time imaging, which is vital for procedures such as tissue imaging, cancer detection, and vascular imaging. The ongoing advancements in device technology, including improved resolution, portability, and integration with other diagnostic tools, further solidify the dominance of NIR imaging devices.
On the other hand, NIR imaging agents/probes/dyes are essential for enhancing the contrast and specificity of imaging, their market is relatively smaller. This segment’s growth is somewhat constrained by the extensive regulatory approvals required for clinical use, as well as the need for continuous innovation to develop agents with better specificity and lower toxicity. Driving factors include demand for precise, non-invasive diagnostics, advancements in molecular imaging, and their expanding use in medical research and disease detection.
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Application Type Segment Analysis
The NIR imaging market can be analyzed based on application types, such as Preclinical Imaging, Cancer Surgeries, Gastrointestinal Surgeries, Cardiovascular Surgeries, and Other Applications. Cancer surgeries are the dominating segment. This dominance is driven by the crucial role NIR imaging plays in enhancing the precision and efficacy of cancer surgeries. NIR imaging provides high-contrast visualization of cancerous tissues, enabling surgeons to differentiate between malignant and healthy tissues with greater accuracy. This capability is particularly important in achieving clear surgical margins, reducing the likelihood of cancer recurrence, and preserving as much healthy tissue as possible. The growing prevalence of cancer globally has increased the demand for advanced surgical techniques that improve patient outcomes. NIR imaging addresses this need by facilitating better tumor localization and resection during surgeries. Furthermore, ongoing advancements in NIR imaging technology, such as the development of targeted imaging agents and probes that specifically bind to cancer cells, enhance the specificity and sensitivity of intraoperative imaging. Additionally, the integration of NIR imaging with other surgical technologies, such as robotic-assisted systems, further boosts its adoption in cancer surgeries.
Competitive Landscape Analysis: NIR imaging Market
The global NIR market is marked by the presence of established market players such as Stryker, KARL STORZ SE & Co. KG, Carl Zeiss Meditec AG, Leica Microsystems, Olympus Corporation, Medtronic plc, PerkinElmer, Inc., LI-COR, Inc., Shimadzu Corporation, Hamamatsu Corporation, among others.
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Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Market
Players operating in this market are adopting both organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner market share. For instance,
- In October 2023, Abbott announced the launch of its new vascular imaging platform powered by Ultreon 1.0 Software in India. The intra-vascular imaging software uses near-infrared light to provide high- definition, precise imaging from within a blood vessel, allowing physicians to capture information from even the most complex patient anatomy.
- In September 2022, Olympus Corporation announced the launch of VISERA ELITE III, its new surgical endoscopy system that offers surgical visualization features including 4K, 3D, infrared imaging and Narrow Band Imaging (NBI)
- In August 2022, Shimadzu announced the release of the LuminousQuester NI near-infrared imaging system designed for nonclinical research applications that supports drug discovery research. This system consists of a camera capable of simultaneously imaging near-infrared light and visible light and the dedicated software.
The NIR imaging market is expected to gain further momentum in the coming years due to technological advancements, rising R&D investments, new product launches, and organic and inorganic growth strategies followed by the players.
Future Outlook of the NIR Imaging Market
The global NIR imaging market is expected to gain further momentum in the coming years due to the continuous improvements in NIR imaging devices and software; NIR imaging's ability to provide non-invasive and real-time imaging solutions; and growing application of NIR imaging for drug development, including pharmacokinetic studies and formulation analysis, increasing awareness among healthcare professionals about the benefits of NIR imaging, and potential opportunities in under-penetrated low- and middle-income countries.
Near Infrared Imaging Market Insights and Scope
| Report Scope | Details |
| Base Year Considered | 2023 |
| Historical Data | 2022 - 2023 |
| Forecast Period | 2024 - 2029 |
| CAGR (2024 - 2029) | 7-8% |
| Segment Scope | Product, Application, End User |
| Regional Scope |
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| Key Companies Mapped | Stryker, KARL STORZ SE & Co. KG, Carl Zeiss Meditec AG, Leica Microsystems, Olympus Corporation, Medtronic plc, PerkinElmer, Inc., LI-COR, Inc., Shimadzu Corporation, Hamamatsu Corporation, among others |
| Report Highlights | Market Size & Forecast, Growth Drivers & Restraints, Trends, Competitive Analysis |
Key Strategic Questions Addressed
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What is the market size & forecast for the Global NIR imaging Market?
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What are the historical, present, and forecasted market shares and growth rates of various segments and sub-segments of the Global NIR imaging Market?
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How has COVID-19 impacted the Global NIR imaging Market?
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What are the major growth drivers, restraints/challenges impacting the market?
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What are the opportunities prevailing in the market?
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What is the investment landscape?
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Which region has the highest share in the global market? Which region is expected to witness the highest growth rate in the next 5 years?
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Who are the major players operating in the market? What is the competitive positioning of key players?
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Who are the new players entering the market?
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What are the key strategies adopted by players?
The study has been compiled based on extensive primary and secondary research.
Secondary Research (Indicative List)
Primary Research
To validate research findings (market size & forecasts, market segmentation, market dynamics, competitive landscape, key industry trends, etc.), extensive primary interviews were conducted with both supply and demand-side stakeholders.
Supply Side Stakeholders:
- Senior Management Level: CEOs, Presidents, Vice-Presidents, Directors, Chief Technology Officers, Chief Commercial Officers
- Mid-Management Level: Product Managers, Sales Managers, Brand Managers, Business Development Managers, Consultants
Demand Side Stakeholders:
- Stakeholders in Hospitals, Surgeons, Researchers and Other End Users
Breakdown of Primary Interviews
Market Size Estimation
Both ‘Top-Down and Bottom-Up Approaches’ were used to derive market size estimates and forecasts.
Data Triangulation
Research findings derived through secondary sources & internal analysis were validated with Primary Interviews, Internal Knowledge Repository, and Company Sales Data.
