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Near-infrared (NIR) medical
imaging uses light in the near-infrared range (700-1,000 nanometers) to produce
high-contrast images of the human body. NIR medical imaging allows non-invasive
monitoring and imaging of physiological properties such as blood flow and
oxygen saturation at depth inside tissues. It provides real-time functional and
anatomical information without ionizing radiation.
The global Near Infrared
Medical Imaging Market is estimated to be valued at US$ 1.76 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The growing adoption of the NIR medical imaging across various medical
applications such as neurology, oncology, cardiology and preclinical imaging is
driving the growth of the near infrared medical imaging market. The rapid
technological advancements in NIR imaging modalities like equipment
miniaturization, improved resolution and portability are further fueling the
market growth. With advancements, these systems are able to provide deeper
tissue penetration along with multi-wavelength imaging capabilities and
functional as well as molecular information. Ongoing research and development
for expanding medical applications of NIR imaging is expected to create new
opportunities for players in this market over the forecast period.
Segment Analysis
The global Near Infrared Medical Imaging Market can be segmented based on
product type, application, end-user, and geography. Based on product type, the
market is dominated by Near-Infrared Spectroscopy segment which holds around
45% market share. Near-Infrared Spectroscopy has wide applications in
diagnosing various diseases like cancer, infection, and cardiovascular
diseases. It has the capability to detect very minute changes at molecular
level and analyze the concentration of oxygenated and deoxygenated hemoglobin
in tissues. This helps doctors to identify the oxygen saturation levels and
blood flow which aid early disease diagnosis.
Key Takeaways
The Global
Near Infrared Medical Imaging Market Size is expected to witness high
growth over the forecast period of 2023 to 2030. The global Near Infrared
Medical Imaging Market is estimated to be valued at US$ 1.76 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period
2023 to 2030.
Regional analysis shows that
North America currently dominates the market with around 35% share owing to
rapid technological advancements and increasing adoption of advanced imaging
modalities in the region. The Asia Pacific region is projected to experience
the highest growth during the forecast period of 2023-2030. Countries like
China, India, and Japan are witnessing rising healthcare expenditure which is
boosting the adoption of advanced medical imaging modalities like Near Infrared
Medical Imaging. In addition, the growing geriatric population prone to various
diseases and increasing prevalence of chronic conditions like cancer and
cardiovascular diseases are also driving the demand. Moreover, favorable
government initiatives to strengthen healthcare infrastructure and improve
access are contributing to the market growth.
Key players:
Key players operating in the Near Infrared Medical Imaging market are GIDS
GmbH, Kimball Physics, Phosphor Technology Ltd, Dr. Gassler Electron Devices,
Hamamatsu Photonics K. K., Scintacor, and Koninklijke Philips N.V. Among them,
Koninklijke Philips N.V. holds around 20% market share owing to its wide
product portfolio and strong global distribution network. The other major
players are focusing on new product launches, partnerships, and geographical
expansion to strengthen their market position.
For
More Insights, Read: https://www.newswirestats.com/near-infrared-medical-imaging-market-demand-growth-and-regional-outlook-by-2030/
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