Near Infrared Imaging/NIR Market by Product (Fluorescence Imaging, Reagents), Application (Preclinical, Clinical, Medical), Procedure (Cancer, GIT, Plastic surgery), Enduser (Hospital, Clinics, Researchers, Pharma-biotech) - Global Forecast to 2026
[192 Pages Report] The near-infrared imaging market size is expected to grow from an estimated USD 0.8 billion in 2021 to USD 1.6 billion by 2026, at a CAGR of 14.0%. 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.
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COVID-19 Impact on the Global Near-infrared imaging Market
Globally, the outbreak of COVID-19 has impacted every aspect of the medical devices industry, including interventional neurology devices. From the past six months, the number of patient visits to hospitals has also reduced significantly despite the emergency. There is considerable variation in the management of surgical procedures during the COVID-19 pandemic. Patients are avoiding healthcare institutions to prevent contact with COVID-19 patients and healthcare professionals. Falling rates have been observed across a range of acute and critical conditions, including stroke, myocardial infarction, and various cancers. The near-infrared imaging market is expected to be impacted due to the temporary postponement of various elective surgeries, as governments and authorities seek to ensure the availability of resources for COVID-19 patients. Closed manufacturing facilities due to lockdowns have also disrupted supply chains, and reduced recruitments for clinical trials have further impacted the growth of the overall near-infrared imaging market in 2020.
Near-infrared imaging Market Dynamics
Driver: Growing number of surgical procedures globally
Globally, the number of surgical procedures is on the rise owing to the rising prevalence and incidence of various diseases such as cancer, cardiovascular diseases, neurovascular diseases, and gastrointestinal diseases. Surgical cosmetic procedures and trauma cases are also contributing to the increasing number of surgical procedures. NIR imaging is used for intraoperative imaging during various surgical procedures, such as plastic and reconstructive surgeries, oncology surgeries, gastrointestinal surgeries, cardiovascular surgeries, cardiothoracic surgeries, and neurovascular surgeries. NIR imaging enables surgeons to assess blood flow, tissue viability, and perfusion during these surgeries. In cancer surgeries, NIR imaging is used to establish positive margins that help in the demarcation of cancerous tissues versus normal tissues. Therefore, the increasing number of surgical procedures is expected to drive the NIR imaging market.
Restraints: Lengthy approval process
There are only two FDA-approved NIR fluorophores—indocyanine green (ICG) (approved for clinical use in 1959) and methylene blue (MB). However, both ICG and MB are blood pool agents that have no specificity for tumors or normal tissues and are, thus, not ideal fluorophores for fluorescence image-guided surgery. The visualization of the target tissues mainly depends on the efficacy of fluorescent agents, resulting from the difference in the amount of molecular uptake into the target and neighboring normal tissues. Targeted fluorophores enable the visualization of the desired target tissues, thus enhancing the clinical outcomes. However, the introduction of targeted fluorophores is mainly restricted due to the absence of US Food and Drug Administration (FDA) approvals. Additionally, imaging agents have to undergo the same FDA approval process as other pharmaceutical drugs, which may take approximately a decade and around USD 150 million for a fluorescent probe to become available in the market. Post-approval, imaging agents are required to be paired with a specific model of an imaging device. For instance, the approval of Cysview (Photocure) with KARL STORZ’s blue light cystoscope PDD System. This practice limits the entry and adoption of molecularly targeted NIRF imaging agents in clinical practices, thus hindering the market growth.
Opportunities: Growth potential in emerging countries
Developing economies such as India, China, Brazil, South Korea, Turkey, Russia, and South Africa offer high-growth opportunities for major players in the NIR imaging market. Although the cost factor is a concern in these developing countries, their huge population base—especially in India and China—offers a sustainable market for imaging devices. More than half the world’s population resides in India and China, owing to which these countries are home to a large patient base. According to GLOBOCAN 2018, 8,750,932 cancer cases were reported in Asia. Rapid economic growth and increasing disposable incomes in emerging markets are also encouraging patients in these countries to spend on quality healthcare services, thereby encouraging players in the NIR imaging market to expand their presence in these emerging markets. In addition to the above factors, regulatory policies in the Asia Pacific are more adaptive and business-friendly. Increasing competition in mature markets is further expected to compel imaging system manufacturers to focus on emerging markets. Cost advantages and the availability of skilled researchers, coupled with the growth in the number of research institutions, are responsible for the significant growth in the life sciences research industry in these countries. With the growth in the life sciences research industry, the demand for various imaging modalities, including NIR imaging, has increased.
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.
The near-infrared imaging devices is estimated to account for the largest share of the global near-infrared imaging market during the forecast period.
On the basis of product, devices and probe/dye. The devices product segment, by type, is further segmented into near-infrared fluorescence imaging systems and near-infrared fluorescence and bioluminescence imaging systems. The near-infrared fluorescence imaging systems segment is estimated to account for the largest share of the near-infrared imaging market, by product, in 2021, driven by growing research activities, advantages offered by near-infrared fluorescence imaging systems such as high sensitivity, high image resolution, and real-time image guidance during surgeries, the rising prevalence of cancer, cardiovascular diseases, and gastrointestinal diseases.
The preclinical imaging segment is estimated to account for the largest share of the global near-infrared imaging market during the forecast period.
On the basis of application, the near-infrared imaging market is segmented into preclinical imaging, clinical imaging, medical imaging. The preclinical imaging segment is estimated to account for the largest share of the global near-infrared imaging market, by application, in 2021, led by The growing focus on developing new treatments for diseases/conditions such as cancer, inflammation, angiogenesis, infections, and vascular diseases.
The hospitals and clinics segment is expected to grow at the highest CAGR during the forecast period.
Based on end-user, the near-infrared imaging market has been segmented into hospitals & clinics, pharmaceutical and biotechnology companies, and research laboratories. As of 2020, hospitals & clinics are estimated to account for the largest share of the global near-infrared imaging market in 2021 and is also projected to register the highest CAGR during the forecast period. The increasing clinical applications of NIR imaging in various therapeutic areas, the growing demand for NIR imaging among clinicians across the globe, and the high sensitivity, high resolution, and low cost of NIR imaging systems compared to conventional imaging systems such as CT and MRI are the major factors that are expected to drive the growth of this end-user segment in the coming years.
North America is expected to be the largest market during the forecast period.
North America accounted for the largest market share in the near-infrared imaging market in 2020. The near-infrared imaging market in North America is driven primarily by factors such as the high healthcare spending, rising geriatric population, the rising prevalence of target diseases, growing number of cosmetic surgeries, ongoing research activities, and rapid adoption of technologically advanced imaging systems.
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Key Market Players
The major players in 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.
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Report Metric |
Details |
|
Market Size available for years |
2019–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
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Forecast units |
Value (USD Billion) |
|
Segments covered |
Product, Application, Procedure, End User, And Region |
|
Geographies covered |
North America, Europe, Latin America, Asia Pacific, and Middle East & Africa |
|
Companies covered |
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). |
This research report categorizes the near-infrared imaging market based on product, application, procedure, end-user, and region
Based on the Product:
- Devices
- Near-infrared fluorescene imaging systems
- Near-infrared fluorescene and bioluminescene imaging systems
- Probe/Dye
- Small organic molecule based
- Nanoparticle based
Based on Application:
- Preclinical Imaging
- Clinical Imaging
- Medical Imaging
Based on Procedure:
- Cancer surgery
- Gastrointestinal surgery
- Cardiovascular surgery
- Plastic/Reconstructive surgery
- Brain tumor surgery
Based on End Users:
- Hospitals & clinics
- Pharmaceutical and biotechnology companies
- Research laboratories
Based on the Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Recent Developments
- In 2021, Leica Microsystems partnered with Imperial College London in the field of optical imaging and its use in research and innovation.
- In 2019, Leica Microsystems received De Novo clearance from the US Food and Drug Administration (FDA) to market its FL400 surgical microscope filter in the US.
- In 2019, Stryker acquired Mobius Imaging, LLC and GYS Tech, LLC (US). The acquisition strengthened Stryker’s portfolio of orthopedics, spine, and neurotechnology products.
Frequently Asked Questions (FAQ):
What is the expected addressable market value of near-infrared imaging over a 5-year period?
The global near-infrared imaging market is valued at USD 0.8 billion in 2021 and is expected to reach USD 1.6 billion by 2026, at a CAGR of 14.0% during the forecast period.
Which product segment is expected to garner the highest traction within the near-infrared imaging market?
On the basis of product, devices, and probe/dye. The devices product segment, by type, is further segmented into near-infrared fluorescence imaging systems and near-infrared fluorescence and bioluminescence imaging systems. The near-infrared fluorescence imaging systems segment is estimated to account for the largest share of the near-infrared imaging market, by product, in 2021, driven by growing research activities, advantages offered by near-infrared fluorescence imaging systems such as high sensitivity, high image resolution, and real-time image guidance during surgeries, the rising prevalence of cancer, cardiovascular diseases, and gastrointestinal diseases.
What are the strategies adopted by the top market players to penetrate across emerging regions?
The key growth strategies adopted by the top players in this market include product launches and approvals; agreements and partnerships; expansions; and acquisitions.
What are the major factors expected to limit the growth of the near-infrared imaging market?
The lengthy approval process is expected to limit market growth in the forecast years.
What is the adoption pattern for near-infrared imaging across major healthcare markets?
North America accounted for the largest market share in the near-infrared imaging market in 2020. The near-infrared imaging market in North America is driven primarily by factors such as the high healthcare spending, rising geriatric population, the rising prevalence of target diseases, growing number of cosmetic surgeries, ongoing research activities, and rapid adoption of technologically advanced imaging systems. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 19)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY USED FOR THE STUDY
TABLE 1 STANDARD CURRENCY CONVERSION RATES
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 24)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY RESEARCH
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
FIGURE 2 BREAKDOWN OF SUPPLY-SIDE PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2 MARKET ESTIMATION METHODOLOGY
2.2.1 REVENUE MAPPING-BASED MARKET ESTIMATION
2.2.2 PRODUCT-BASED MARKET ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: GLOBAL NEAR-INFRARED IMAGING MARKET
FIGURE 5 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
2.2.3 PRIMARY RESEARCH VALIDATION
2.3 COVID-19 HEALTH ASSESSMENT
2.4 COVID-19 ECONOMIC ASSESSMENT
2.5 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO
FIGURE 6 CRITERIA IMPACTING THE GLOBAL ECONOMY
FIGURE 7 RECOVERY SCENARIO OF TaHE GLOBAL ECONOMY
2.6 DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.7 RESEARCH ASSUMPTIONS
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 39)
FIGURE 9 NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2021 VS. 2026 (USD MILLION)
FIGURE 10 NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2021 VS. 2026 (USD MILLION)
FIGURE 11 NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2021 VS. 2026 (USD MILLION)
FIGURE 12 NEAR-INFRARED IMAGING MARKET, BY END USER, 2021 VS. 2026 (USD MILLION)
FIGURE 13 GEOGRAPHICAL SNAPSHOT OF THE NEAR-INFRARED IMAGING MARKET
4 PREMIUM INSIGHTS (Page No. - 43)
4.1 NEAR-INFRARED IMAGING MARKET OVERVIEW
FIGURE 14 INCREASING NUMBER OF SURGICAL PROCEDURES PERFORMED TO DRIVE MARKET GROWTH
4.2 NEAR-INFRARED IMAGING MARKET SHARE, BY DEVICE TYPE, 2021 VS. 2026
FIGURE 15 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEMS SEGMENT TO DOMINATE THE MARKET IN 2021
4.3 NEAR-INFRARED IMAGING MARKET SHARE, BY PROBE/DYE TYPE, 2021 VS. 2026
FIGURE 16 SMALL ORGANIC MOLECULE-BASED PROBES/DYES SEGMENT TO ACCOUNT FOR THE LARGEST MARKET SHARE IN 2026
4.4 NEAR-INFRARED IMAGING MARKET, BY REGION, 2021–2026
FIGURE 17 APAC MARKET TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 46)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 NEAR-INFRARED IMAGING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing number of surgical procedures
5.2.1.2 Advantages of NIR imaging over conventional visualization methods
TABLE 2 ADVANTAGES OF NIR IMAGING OVER CONVENTIONAL VISUALIZATION METHODS
5.2.1.3 Technological advancements in NIR imaging modalities
5.2.2 RESTRAINTS
5.2.2.1 Lengthy approval process
5.2.3 OPPORTUNITIES
5.2.3.1 Growth potential in emerging economies
5.2.3.2 Use of blockchain in imaging
5.2.4 CHALLENGES
5.2.4.1 Hospital budget cuts
5.2.4.2 Dearth of trained professionals
5.3 TRENDS & BURNING ISSUES
5.3.1 SMARTPHONE-BASED NEAR-INFRARED IMAGING (NIR) MEASUREMENT FOR POC DIAGNOSTICS
5.4 IMPACT OF COVID-19 ON THE NEAR-INFRARED IMAGING MARKET
5.5 PRICING ANALYSIS
TABLE 3 PRICING ANALYSIS OF KEY NEAR-INFRARED IMAGING SYSTEMS, 2020 (USD)
5.6 VALUE CHAIN ANALYSIS
5.6.1 RESEARCH & DEVELOPMENT
5.6.2 MANUFACTURING & ASSEMBLY
5.6.3 DISTRIBUTION, MARKETING & SALES, AND POST-SALES SERVICES
FIGURE 19 VALUE CHAIN ANALYSIS
5.7 SUPPLY CHAIN ANALYSIS
5.7.1 PROMINENT COMPANIES
5.7.2 SMALL & MEDIUM-SIZED ENTERPRISES
5.7.3 END USERS
FIGURE 20 SUPPLY CHAIN ANALYSIS
5.8 PORTER’S FIVE FORCES ANALYSIS
5.8.1 OVERVIEW
TABLE 4 NEAR-INFRARED IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8.2 BARGAINING POWER OF BUYERS
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 THREAT OF NEW ENTRANTS
5.8.5 THREAT OF SUBSTITUTES
5.8.6 INTENSITY OF COMPETITIVE RIVALRY
5.9 REGULATORY ANALYSIS
5.9.1 NORTH AMERICA
5.9.1.1 US
TABLE 5 US FDA: MEDICAL DEVICE CLASSIFICATION
TABLE 6 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
5.9.1.2 Canada
TABLE 7 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
5.9.2 EUROPE
5.9.3 ASIA PACIFIC
5.9.3.1 Japan
TABLE 8 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
5.9.3.2 China
TABLE 9 CHINA: CLASSIFICATION OF MEDICAL DEVICES
5.9.3.3 India
5.10 REIMBURSEMENT SCENARIO
TABLE 10 MEDICAL REIMBURSEMENT CPT CODES FOR NIR PROCEDURES IN THE US (AS OF 2021)
5.11 PATENT ANALYSIS
FIGURE 21 MAJOR PATENT HOLDERS IN THE NEAR-INFRARED IMAGING MARKET (JANUARY 2011-MAY 2021)
6 NEAR-INFRARED IMAGING MARKET, BY PRODUCT (Page No. - 63)
6.1 INTRODUCTION
TABLE 11 NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
6.2 DEVICES
TABLE 12 NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 13 NEAR-INFRARED IMAGING DEVICES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 14 NEAR-INFRARED IMAGING DEVICES MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
TABLE 15 NEAR-INFRARED IMAGING DEVICES MARKET, BY END USER, 2019–2026 (USD MILLION)
6.2.1 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEMS
6.2.1.1 Near-infrared fluorescence imaging systems offer high sensitivity and real-time image guidance during surgeries
TABLE 16 NEAR-INFRARED FLUORESCENCE IMAGING SYSTEMS MARKET, BY REGION, 2019–2026 (USD MILLION)
6.2.2 NEAR-INFRARED FLUORESCENCE & BIOLUMINESCENCE IMAGING SYSTEMS
6.2.2.1 Near-infrared fluorescence & bioluminescence imaging systems offer high sensitivity and high efficiency at a relatively low cost
TABLE 17 NEAR-INFRARED FLUORESCENCE AND BIOLUMINESCENCE IMAGING SYSTEMS MARKET, BY REGION, 2019–2026 (USD MILLION)
6.3 PROBES/DYES
TABLE 18 NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 19 NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 20 NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
TABLE 21 NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY END USER, 2019–2026 (USD MILLION)
6.3.1 SMALL ORGANIC MOLECULE-BASED PROBES/DYES
6.3.1.1 Increasing utilization of small organic probes and dyes in NIR-II imaging to drive market growth
TABLE 22 SMALL ORGANIC MOLECULE-BASED PROBES/DYES MARKET, BY REGION, 2019–2026 (USD MILLION)
6.3.2 NANOPARTICLE-BASED PROBES/DYES
6.3.2.1 Advantages offered by nanoparticle-based probes/dyes to support market growth
TABLE 23 NANOPARTICLE-BASED PROBES/DYES MARKET, BY REGION, 2019–2026 (USD MILLION)
7 NEAR-INFRARED IMAGING MARKET, BY APPLICATION (Page No. - 73)
7.1 INTRODUCTION
TABLE 24 NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
7.2 PRECLINICAL IMAGING
7.2.1 PRECLINICAL IMAGING IS THE LARGEST APPLICATION SEGMENT OF THE NIR IMAGING MARKET
TABLE 25 NEAR-INFRARED IMAGING MARKET FOR PRECLINICAL IMAGING, BY REGION, 2019–2026 (USD MILLION)
7.3 CLINICAL IMAGING
7.3.1 USE OF NIR IMAGING FOR REAL-TIME VISUALIZATION DURING SURGERIES TO DRIVE MARKET GROWTH
TABLE 26 NEAR-INFRARED IMAGING MARKET FOR CLINICAL IMAGING, BY REGION, 2019–2026 (USD MILLION)
7.4 MEDICAL IMAGING
7.4.1 FLUORESCENCE IMAGING IS USED IN SINGLE-CELL TRACKING FOR STUDYING THE IMMUNE SYSTEM
TABLE 27 NEAR-INFRARED IMAGING MARKET FOR MEDICAL IMAGING, BY REGION, 2019–2026 (USD MILLION)
8 NEAR-INFRARED IMAGING MARKET, BY PROCEDURE (Page No. - 78)
8.1 INTRODUCTION
TABLE 28 NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
8.2 CANCER SURGERIES
8.2.1 RISING PREVALENCE OF CANCER TO DRIVE MARKET GROWTH
TABLE 29 NEAR-INFRARED IMAGING MARKET FOR CANCER SURGERIES, BY REGION, 2019–2026 (USD MILLION)
8.3 GASTROINTESTINAL SURGERIES
8.3.1 GROWING NUMBER OF LAPAROSCOPIC CHOLECYSTECTOMY PROCEDURES TO SUPPORT MARKET GROWTH
TABLE 30 NEAR-INFRARED IMAGING MARKET FOR GASTROINTESTINAL SURGERIES, BY REGION, 2019–2026 (USD MILLION)
8.4 CARDIOVASCULAR SURGERIES
8.4.1 RISING PREVALENCE OF CARDIOVASCULAR DISEASES TO DRIVE THE ADOPTION OF NIR IMAGING
TABLE 31 NEAR-INFRARED IMAGING MARKET FOR CARDIOVASCULAR SURGERIES, BY REGION, 2019–2026 (USD MILLION)
8.5 PLASTIC/RECONSTRUCTIVE SURGERIES
8.5.1 RISING NUMBER OF RECONSTRUCTIVE SURGERIES TO DRIVE THE MARKET GROWTH
TABLE 32 NEAR-INFRARED IMAGING MARKET FOR PLASTIC/RECONSTRUCTIVE SURGERIES, BY REGION, 2019–2026 (USD MILLION)
8.6 BRAIN TUMOR SURGERIES
8.6.1 INCREASING DEMAND FOR OPTICAL IMAGING TECHNOLOGIES FOR PERFORMING BRAIN TUMOR SURGERIES TO PROPEL MARKET GROWTH
TABLE 33 NEAR-INFRARED IMAGING MARKET FOR BRAIN TUMOR SURGERIES, BY REGION, 2019–2026 (USD MILLION)
9 NEAR-INFRARED IMAGING MARKET, BY END USER (Page No. - 85)
9.1 INTRODUCTION
TABLE 34 NEAR-INFRARED IMAGING MARKET, BY END USER, 2019–2026 (USD MILLION)
9.2 HOSPITALS & CLINICS
9.2.1 RISING NUMBER OF CANCER AND RECONSTRUCTIVE SURGERIES IN HOSPITALS & CLINICS TO DRIVE MARKET GROWTH
TABLE 35 NEAR-INFRARED IMAGING MARKET FOR HOSPITALS & CLINICS, BY REGION, 2019–2026 (USD MILLION)
9.3 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
9.3.1 NIR IMAGING PLAYS A KEY ROLE IN PRECLINICAL RESEARCH AND DRUG DISCOVERY PROCESSES IN PHARMA & BIOTECH COMPANIES
TABLE 36 NEAR-INFRARED IMAGING MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY REGION, 2019–2026 (USD MILLION)
9.4 RESEARCH LABORATORIES
9.4.1 FUNDING FROM GOVERNMENT ORGANIZATIONS FOR BIOMEDICAL RESEARCH TO DRIVE THE ADOPTION OF NIR IMAGING IN RESEARCH LABORATORIES
TABLE 37 NEAR-INFRARED IMAGING MARKET FOR RESEARCH LABORATORIES, BY REGION, 2019–2026 (USD MILLION)
10 NEAR-INFRARED IMAGING MARKET, BY REGION (Page No. - 91)
10.1 INTRODUCTION
TABLE 38 NEAR-INFRARED IMAGING MARKET, BY REGION, 2019–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 22 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET SNAPSHOT
TABLE 39 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 40 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 41 NORTH AMERICA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 42 NORTH AMERICA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 43 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 44 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
TABLE 45 NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY END USER, 2019–2026 (USD MILLION)
10.2.1 US
10.2.1.1 Advanced healthcare infrastructure and favorable regulations are supporting market growth in the US
TABLE 46 US: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 47 US: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 48 US: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.2.2 CANADA
10.2.2.1 Availability of research funding to support market growth
TABLE 49 CANADA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 50 CANADA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 51 CANADA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.3 EUROPE
TABLE 52 EUROPE: NEAR-INFRARED IMAGING MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 53 EUROPE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 54 EUROPE: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 55 EUROPE: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 56 EUROPE: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 57 EUROPE: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
TABLE 58 EUROPE: NEAR-INFRARED IMAGING MARKET, BY END USER, 2019–2026 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Germany dominates the European NIR imaging market
TABLE 59 GERMANY: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 60 GERMANY: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 61 GERMANY: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.3.2 FRANCE
10.3.2.1 Rapid growth in the geriatric population to aid market growth
TABLE 62 FRANCE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 63 FRANCE: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 64 FRANCE: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.3.3 UK
10.3.3.1 Healthcare expenditure has decreased in the UK, which may restrain the demand for NIR imaging
TABLE 65 UK: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 66 UK: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 67 UK: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.3.4 ITALY
10.3.4.1 Rising healthcare costs have increased the demand for value-based healthcare in Italy
TABLE 68 ITALY: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 69 ITALY: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 70 ITALY: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.3.5 SPAIN
10.3.5.1 Increasing prevalence of target diseases to drive market growth
TABLE 71 SPAIN: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 72 SPAIN: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 73 SPAIN: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.3.6 REST OF EUROPE
TABLE 74 ROE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 75 ROE: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 76 ROE: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.4 ASIA PACIFIC
FIGURE 23 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET SNAPSHOT
TABLE 77 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 78 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 79 ASIA PACIFIC: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 80 ASIA PACIFIC: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 81 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 82 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
TABLE 83 ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY END USER, 2019–2026 (USD MILLION)
10.4.1 JAPAN
10.4.1.1 Japan dominates the near-infrared imaging market in the Asia Pacific
TABLE 84 JAPAN: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 85 JAPAN: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 86 JAPAN: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.4.2 CHINA
10.4.2.1 China is the fastest-growing market for near-infrared imaging
TABLE 87 CHINA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 88 CHINA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 89 CHINA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.4.3 INDIA
10.4.3.1 Rising adoption of advanced diagnostic imaging technologies by healthcare providers to drive market growth
TABLE 90 INDIA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 91 INDIA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 92 INDIA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.4.4 SOUTH KOREA
10.4.4.1 South Korea has the highest rate of plastic surgeries per capita in the world
TABLE 93 SOUTH KOREA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 94 SOUTH KOREA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 95 SOUTH KOREA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.4.5 AUSTRALIA
10.4.5.1 Australia has the highest cancer incidence rate globally
TABLE 96 AUSTRALIA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 97 AUSTRALIA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 98 AUSTRALIA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.4.6 REST OF ASIA PACIFIC
TABLE 99 ROAPAC: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 100 ROAPAC: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 101 ROAPAC: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.5 LATIN AMERICA
TABLE 102 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 103 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 104 LATIN AMERICA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 105 LATIN AMERICA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 106 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 107 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
TABLE 108 LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY END USER, 2019–2026 (USD MILLION)
10.5.1 BRAZIL
10.5.1.1 Rising purchasing power to aid market growth
TABLE 109 BRAZIL: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 110 BRAZIL: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 111 BRAZIL: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.5.2 MEXICO
10.5.2.1 Growing medical tourism in the country to drive the NIR imaging market
TABLE 112 MEXICO: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 113 MEXICO: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 114 MEXICO: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.5.3 REST OF LATIN AMERICA
TABLE 115 ROLATAM: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 116 ROLATAM: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 117 ROLATAM: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
10.6 MIDDLE EAST & AFRICA
10.6.1 INFRASTRUCTURAL DEVELOPMENTS AND RISING MEDICAL TOURISM TO DRIVE MARKET GROWTH
TABLE 118 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2019–2026 (USD MILLION)
TABLE 119 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 120 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING PROBES/DYES MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 121 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2019–2026 (USD MILLION)
TABLE 122 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2019–2026 (USD MILLION)
TABLE 123 MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY END USER, 2019–2026 (USD MILLION)
11 COMPETITIVE LANDSCAPE (Page No. - 135)
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE NEAR-INFRARED IMAGING MARKET
TABLE 124 STRATEGIES ADOPTED BY KEY NEAR-INFRARED IMAGING DEVICE MANUFACTURING COMPANIES
11.3 REVENUE SHARE ANALYSIS OF THE TOP MARKET PLAYERS
FIGURE 24 REVENUE SHARE ANALYSIS OF THE TOP PLAYERS IN THE NEAR-INFRARED IMAGING MARKET
11.4 MARKET SHARE ANALYSIS
FIGURE 25 NEAR-INFRARED IMAGING MARKET SHARE, BY KEY PLAYER, 2020
11.5 COMPETITIVE SITUATIONS AND TRENDS
TABLE 125 NEAR-INFRARED IMAGING MARKET: DEGREE OF COMPETITION
11.6 COMPANY EVALUATION QUADRANT
11.7 VENDOR INCLUSION CRITERIA
11.7.1 STARS
11.7.2 EMERGING LEADERS
11.7.3 PERVASIVE PLAYERS
11.7.4 PARTICIPANTS
FIGURE 26 NEAR-INFRARED IMAGING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2020
11.8 COMPETITIVE EVALUATION QUADRANT FOR SMES/START-UPS
11.8.1 PROGRESSIVE COMPANIES
11.8.2 STARTING BLOCKS
11.8.3 RESPONSIVE COMPANIES
11.8.4 DYNAMIC COMPANIES
FIGURE 27 NEAR-INFRARED IMAGING MARKET: COMPANY EVALUATION MATRIX FOR SMES/START-UPS, 2020
11.9 COMPETITIVE BENCHMARKING
FIGURE 28 PRODUCT AND GEOGRAPHIC FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE NEAR-INFRARED IMAGING MARKET
TABLE 126 COMPANY PRODUCT FOOTPRINT
TABLE 127 COMPANY GEOGRAPHICAL FOOTPRINT
11.10 COMPETITIVE SCENARIO
TABLE 128 PRODUCT LAUNCHES & APPROVALS
TABLE 129 DEALS
TABLE 130 OTHER DEVELOPMENTS
12 COMPANY PROFILES (Page No. - 146)
12.1 KEY PLAYERS
(Business Overview, Products offered, Recent Developments, MnM View)*
12.1.1 STRYKER
TABLE 131 STRYKER: BUSINESS OVERVIEW
FIGURE 29 STRYKER: COMPANY SNAPSHOT (2020)
12.1.2 KARL STORZ SE & CO. KG
TABLE 132 KARL STORZ SE & CO. KG: BUSINESS OVERVIEW
12.1.3 CARL ZEISS MEDITEC AG
TABLE 133 CARL ZEISS MEDITEC AG: BUSINESS OVERVIEW
FIGURE 30 CARL ZEISS MEDITEC AG: COMPANY SNAPSHOT (2020)
12.1.4 LEICA MICROSYSTEMS (A SUBSIDIARY OF DANAHER CORPORATION)
TABLE 134 DANAHER CORPORATION: BUSINESS OVERVIEW
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2020)
12.1.5 OLYMPUS CORPORATION
TABLE 135 OLYMPUS CORPORATION: BUSINESS OVERVIEW
FIGURE 32 OLYMPUS CORPORATION: COMPANY SNAPSHOT (2020)
12.1.6 PERKINELMER, INC.
TABLE 136 PERKINELMER, INC.: BUSINESS OVERVIEW
FIGURE 33 PERKINELMER, INC.: COMPANY SNAPSHOT (2020)
12.1.7 LI-COR, INC.
TABLE 137 LI-COR, INC.: BUSINESS OVERVIEW
12.1.8 HAMAMATSU PHOTONICS K.K.
TABLE 138 HAMAMATSU PHOTONICS K.K.: BUSINESS OVERVIEW
FIGURE 34 HAMAMATSU PHOTONICS K.K.: COMPANY SNAPSHOT (2020)
12.1.9 QUEST MEDICAL IMAGING B.V.
TABLE 139 QUEST MEDICAL IMAGING B.V.: BUSINESS OVERVIEW
12.1.10 SHIMADZU CORPORATION
TABLE 140 SHIMADZU CORPORATION: BUSINESS OVERVIEW
FIGURE 35 SHIMADZU CORPORATION: COMPANY SNAPSHOT (2020)
12.2 OTHER PLAYERS
12.2.1 SIGMA-ALDRICH (MERCK)
TABLE 141 SIGMA-ALDRICH: BUSINESS OVERVIEW
FIGURE 36 MERCK KGAA: COMPANY SNAPSHOT (2020)
12.2.2 MIZUHO MEDICAL CO., LTD.
TABLE 142 MIZUHO MEDICAL CO., LTD.: BUSINESS OVERVIEW
12.2.3 FLUOPTICS
TABLE 143 FLUOPTICS: BUSINESS OVERVIEW
12.2.4 MEDTRONIC
TABLE 144 MEDTRONIC: BUSINESS OVERVIEW
12.2.5 TELEDYNE PRINCETON INSTRUMENTS
TABLE 145 TELEDYNE PRINCETON INSTRUMENTS: BUSINESS OVERVIEW
FIGURE 37 TELEDYNE TECHNOLOGIES INC.: COMPANY SNAPSHOT (2020)
12.2.6 THERMO FISHER SCIENTIFIC
TABLE 146 THERMO FISHER SCIENTIFIC: BUSINESS OVERVIEW
FIGURE 38 THERMO FISHER SCIENTIFIC: COMPANY SNAPSHOT (2020)
12.2.7 MP BIOMEDICALS
TABLE 147 MP BIOMEDICALS: BUSINESS OVERVIEW
12.2.8 CAYMAN CHEMICAL
TABLE 148 CAYMAN CHEMICAL: BUSINESS OVERVIEW
12.2.9 CRYSTA-LYN CHEMICAL COMPANY
TABLE 149 CRYSTA-LYN CHEMICAL COMPANY: BUSINESS OVERVIEW
*Details on Business Overview, Products & Recent Developments, MnM View might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 185)
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the near-infrared imaging market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. After that, the market breakdown and data triangulation were done to determine the market size of the segments and sub-segments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the near-infrared imaging market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The near-infrared imaging market comprises several stakeholders, such as end-product manufacturers, raw material providers, and end-users in the supply chain. The demand-side of this market is characterized by its end-users, such as hospitals & clinics, pharmaceutical and biotechnology companies, research laboratories, among others. The supply-side is characterized by raw material providers, integrators, and others. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents are given below:
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the near-infrared imaging market and its dependent submarkets. These methods were also used extensively to determine the extent of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and demand have been identified through extensive secondary research, and their market share has been determined through both primary and secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
- The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the whole market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the end-use industries.
Report Objectives
- To define, describe, and forecast the near-infrared imaging market based on product, application, procedure, end-user, and region
- To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities, and challenges)
- To analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall near-infrared imaging market
- To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the revenue of the market segments with respect to five major regions and their countries—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To strategically profile the key global players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as product launches, upgrades, and approvals; partnerships, agreements, and collaborations; acquisitions; and expansions in the near-infrared imaging market
- To benchmark players within the market using the proprietary Competitive Leadership Mapping framework, which analyzes players on various parameters within the broad categories of business and product excellence strategy
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Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the near-infrared imaging market report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
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Growth opportunities and latent adjacency in Near Infrared Imaging/NIR Market