Stryker (US) and KARL STORZ SE & Co. KG (Germany) are Leading Players in the Near infrared imaging Market
The global Near infrared imaging market is projected to reach USD 1.6 billion by 2028 from USD 1.0 billion in 2023, at a CAGR of 10.2% from 2023 to 2028. The growing target increasing number of surgical procedures, technological advancements, increasing adoption of multimodal NIR imaging devices, and advantages of NIR imaging over the conventional imaging methods.
The Near infrared imaging market is moderately competitive, with both established companies and upcoming competitors for the same market share. As of 2022, the key player operating in the global 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), and Medtronic (US) among others.
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The key strategies adopted by the top players in this market in the last four years include product launches & expansions, partnerships, acquisitions, and collaborations. In 2022, a major share of the Near infrared imaging market was held by Stryker (US), KARL STORZ SE & Co. KG (Germany), Olympus Corporation (Japan), PerkinElmer, Inc. (US), and LI-COR, Inc. (US).
Stryker (US):
Stryker is a leading medical technology company and a key player in the near-infrared imaging market. It offers a diverse array of innovative products and services for orthopedic, medical, surgical, and neurotechnology applications that help improve patient and hospital outcomes. The company is focusing on further strengthening its position in the near-infrared imaging market through strategies such as acquisitions, product launches, and expansions. In the past three years, Stryker has acquired multiple companies to improve and expand its product offerings and position in the market. Stryker is also focusing on geographic expansions and strengthening its customer relationships. The company has built sales and customer experience offices designed to deepen customer relationships in the US, Canada, Italy, Singapore, South Korea, and Thailand.
KARL STORZ SE & CO. KG (Germany):
KARL STORZ is a leading player in the near-infrared imaging market. The company has a strong geographical reach in the global market and focuses on organic growth through product launches and expansions to enter new geographies. In recent years, the company constructed new manufacturing facilities to enhance its production capabilities and market presence. It also launched a 4 mm NIR/ICG Imaging System, which is the only FDA-approved indocyanine green (ICG) technology for endoscopic neurosurgery in a 4mm format.
Leica Microsystems (A SUBSIDIARY OF DANAHER CORPORATION) (US):
Leica Microsystems is one of the leading providers of advanced surgical visualization products. The company was the first to receive the FDA 510(k) clearance of a microscope for intra-operative angiography (FL800) and the first company offering a surgical microscope to integrate three types of fluorescence capabilities (FL400, FL560, FL800) in a single product, TriFluoro. Leica is constantly investing in research and development and partnering with neurosurgeons to bring new technologically advanced products into the market. Additionally, Leica has sales and service organizations in 20 countries, with an international network of distribution partners in over 100 countries.
Related Reports:
Near infrared imaging Market by Product (Imaging System, Probe, Dye (Organic, Nanoparticle)), Procedure (Cancer, CVD, GI, OB/GYN), Application (Preclinical, Clinical, Medical), End User (Hospital, Pharma, Research Lab) & Region - Global Forecasts to 2028
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