Report : Near Infrared Imaging Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Product (Device and Reagent); Application (Preclinical Imaging, Cancer Surgeries, Gastrointestinal Surgeries, Cardiovascular Surgeries, Plastic/Reconstructive Surgeries, Other Applications); End User (Hospitals and Clinics, Pharmaceutical and Biotechnology Companies, Research Laboratories) and Geography
Near Infrared Imaging Market for Cancer Surgery Segment to Grow At Highest CAGR during 2020–2027
According to our new market research study on “Near Infrared Imaging Market to 2027 – Global Analysis and Forecast – by product, applications and end user,” the market is expected to reach US$ 543.24 million by 2027 from US$ 395.14 million in 2019. The market is estimated to grow with a CAGR of 4.2% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
Based on Near Infrared Imaging products, the market is segmented into device and reagents. In 2019, the devices segment accounted for the highest share of the market. Growth of this segment is attributed to increasing adoption of near infrared imaging systems in surgical procedures. The same segment is likely to register highest CAGR in the global Near Infrared Imaging market during the forecast period.
Global near Infrared Imaging Market, based on Application, the Near Infrared Imaging market is segmented into pre-clinical imaging, cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries, and other applications. The cancer surgeries segment held the largest share of the market in 2019, and same segment is anticipated to register the highest CAGR of 4.7% in the market during the forecast period.
Global near Infrared Imaging Market, based on end user, the Near Infrared Imaging market is segmented into hospitals and clinics, pharmaceutical and biotechnology companies and research laboratories. The hospitals and clinics segment held the largest share of the market in 2019, and same segment is anticipated to register the highest CAGR of 4.7% in the market during the forecast period.
COVID-19 pandemic has become the most significant challenge across the world. This challenge will be frightening especially in developing countries across the globe as it will lead to reducing imports due to disruptions in global trade. The COVID-19 pandemic affected the pharmaceutical, medical device, R & D, and other businesses across the globe. Near infrared imaging devices are critical care medical devices in several surgical procedures. As the rise of the pandemic crisis was uncertain, there is shortage in supply of various diagnostic imaging devices and consumables. It has been difficult for the hospital to manage the medical devices used for in-house patients and COVID19 patients. To deal with the situation, the market players focus their business operations towards increasing the production capacities. For instance, US based company Li-Cor, Inc. has accelerated its production lines for Near-infrared (NIR) Western blotting systems and the In-Cell Western Assay consumables which are valuable tools offered by Li COR Inc. and will expedite the research on COVID 19 vaccine development.
Karl storz se and co.kg, Olympus Corporation, Carl Zeiss Meditech AG, Leica Microsystems, PerkinElmer, Inc., Li-Cor, Inc., Hamamatsu Photonics K.K., Quest Medical Imaging B.V, Mizuho Medical Co., Ltd, and Shimadzu Corporation are among the leading companies operating in the Near Infrared Imaging market.
The Report Segments Global Near Infrared Imaging Market as Follows:
By End User