Near Infrared Imaging Market Gains Traction as Medical Training

• Posted by Karls Scott April 4, 2025 Filed in Business #Near Infrared Imaging Market  23 views
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  The global near infrared imaging market size is expected to reach USD 2.82 billion by 2030, registering a CAGR of 3.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Growing usage of near infrared (NIR) fluorescence imaging due to the advantages, such as minimally invasiveness and high efficiency in diagnosing various conditions, is anticipated to drive the industry growth significantly during the forecast period. Moreover, growing incidences of chronic disorders, especially among the geriatric population, are fueling industry growth. Alzheimer’s disease, dementia, arthritis, chronic kidney disease, cancer, Cardiovascular Diseases (CVDs), and diabetes are some of the commonly prevalent diseases that require NIR imaging for better diagnosis and further decision-making for effective treatment.

  For instance, according to the International Agency for Research on Cancer in 2020, there were about 19,292,789 new cancer cases globally. The same source states that the number is expected to reach 50,550,287 by 2025. Expanding applications of the NIR technique in the early diagnosis of various neurological conditions are expected to play a significant role in the overall industry development. As per the National Research University’s Higher School of Economics, neurological disorders are one of the leading causes of disability and death today. They were reported as the leading cause group of Disability Adjusted Life Years, which comprised 16.8% of global deaths.

  Strategic initiatives, such as the introduction of technologically advanced fluorescence imaging systems, acquisitions, collaborations, and government approvals, by major companies, are expected to have a significant impact on the industry growth. For instance, in January 2021, Olympus Corp. entered into an agreement to acquire Quest Photonic Devices B.V. for EUR 50 million, to improve its surgical endoscopy capabilities. NIR is preferred as a process monitoring tool, especially in the pharmaceutical industry. Growing applications of NIR in commercial operations & research activities in biopharmaceutical companies as well as academic institutes are expected to drive the demand for advanced NIR systems in the coming years.

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  Near Infrared Imaging Market Report Highlights

  • The reagents product segment dominated the industry in 2024 owing to the development of novel reagents to identify various types of cancer

  • The reagents segment is projected to expand further at the fastest CAGR retaining its leading position over the forecast years due to benefits offered by Indocyanine Green (ICG), such as real-time angiographic images during brain tumor or vascular surgery

  • The cancer surgeries application segment is expected to grow at the fastest CAGR during the forecast period owing to the high prevalence of the disorder, especially in the emerging economies

  • The hospitals & clinics end-use segment dominated the industry in 2024 owing to a rise in the number of admissions of cancer patients in clinics and hospitals

  Key Near Infrared Imaging Company Insights

  Some key companies operating in the market include Quest Diagnostics Incorporated; Stryker; KARL STORZ SE & Co. KG; among others. The key players are focusing on growth strategies, such as new product launches, expansion, collaborations, partnerships, and acquisitions. For instance, in October 2024, Lynred, headquartered in France, acquired New Imaging Technologies to enhance its infrared sensor offerings, including large-format shortwave sensors, addressing growing market demands in aerospace and defense.

  • KARL STORZ SE & Co. KG is dedicated to developing innovative endoscopic solutions. Their advanced NIR/ICG imaging systems significantly enhance visualization during surgical procedures, improving overall operational efficiency.

  • Hamamatsu Photonics K.K. excels in the design and manufacture of optoelectronic devices and imaging systems, including near-infrared technologies. Their high-resolution imaging solutions are widely utilized in medical diagnostics, research, and industrial applications, ensuring exceptional performance across various sectors.

  List of Key Players in the Near Infrared Imaging Market

  • Quest Diagnostics Incorporated
  • Stryker
  • KARL STORZ SE & Co. KG
  • Olympus
  • Hamamatsu Photonics K.K.
  • Mizuho Medical Co., Ltd.
  • Shimadzu Corporation
  • Leica Microsystems
  • Medtronic (Visionsense)
  • PerkinElmer
  • Zeiss Group
  • FLUOPTICS SAS

  Gather more insights about the market drivers, restrains and growth of the Global Near Infrared Imaging Market