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Increasing prevalence of chronic diseases such as cancer & need for surgery & are some key factors driving revenue growth of the near-infrared imaging market

VANCOUVER, BC, CANADA, March 20, 2022 /EINPresswire.com/ -- The report on the global Near-Infrared Imaging Market presents the expected growth rate and market value the market is expected to achieve in the coming years. The Global Near-Infrared Imaging Market size is expected to reach USD 1,535.0 Million at a steady CAGR of 13.2% in 2028, according to latest analysis by Emergen Research. High revenue growth of the near-infrared imaging market can be attributed to increasing prevalence of chronic diseases such as cancers and cardiovascular diseases. Cancer is a major cause of death globally, with around 19.3 million individuals diagnosed with cancer and approximately 10 million deaths occurring due to the disease in 2020.

Near-infrared imaging is an emerging technology for both preclinical and clinical imaging applications for cancer patients and offers various benefits such as real-time display if images of internal structures of the human body, high spatial resolution, and comprehensive molecular profiling with the combined use of fluorescent probes. In addition, increasing demand for near-infrared imaging technology in early detection of cancer is a factor expected to support market growth going ahead.

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A rapidly increasing global geriatric population is a significant factor driving demand for near-infrared imaging systems. Around 80% of the geriatric population suffers from at least a single chronic disease, and about 77% of that population suffers from at least two chronic conditions, with cardiovascular disease and cancer being the most common chronic disease. In addition, around 81% of the adult population dying due to coronary heart disease are from the age group of 65 years and above. The growing requirement for diagnosis and surgical procedures for chronic diseases among the increasing geriatric population is fueling demand for infrared imaging spectroscopy.

Leading Players Analyzed in the Report are:
Olympus Corporation
Stryker Corporation
Quest Medical Imaging BV
Carl Zeiss Meditec AG
PerkinElmer Inc
Medtronic PLC
KARL STORZ SE & Co. KG
LI-COR Inc.
Shimadzu Corporation
Leica Microsystems
Others

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Some Key Highlights in the Report
In January 2021, Olympus Corporation announced signing of a definitive agreement to purchase Quest Photonic Devices BV. The deal is valued at USD 60.70 million and is intended to reinforce Olympus Corporation’s capabilities in surgical endoscopy.
Among the product type segments, the devices segment accounted for a significantly large revenue share in 2020. Devices such as near-infrared fluorescence imaging find application in lesion detection and imaging-guided surgery. Near-infrared fluorescence imaging devices provide enhanced spatial resolution and provides a better optical view of internal structures owing to its ability to reach a significant tissue depth.
Near-infrared imaging market in North America accounted for largest market share the global market in 2020, which can be attributed to rapid adoption of advanced technologies, increasing investment in innovative imaging modalities, and high healthcare expenditure in countries in the region. In addition, rising prevalence of chronic diseases and presence of leading providers of near-infrared imaging systems in countries in the region are other factors driving market growth.
Among the application segments, revenue from the reconstructive surgery segment is expected to register a significantly high growth rate during the forecast period. Near-infrared imaging technology, due to ability for anatomical guidance in real-time, perioperative, and identification ability, helps in evaluating tissue viability by monitoring perfusion and oxygenation changes during the transfer of pedicled flaps in plastic/reconstructive surgery.

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Emergen Research has segmented the global near-infrared imaging market on the basis of product type, application, end-use, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
Devices
Reagents

Application Outlook (Revenue, USD Million; 2018–2028)
Cancer Surgeries
Cardiovascular Surgeries
Gastrointestinal Surgeries
Reconstructive Surgeries
Preclinical Imaging
Others

End-Use Outlook (Revenue, USD Million; 2018–2028)
Hospitals
Pharmaceutical Companies
Research Institutes
Others

Regional Outlook (Revenue, USD Million; 2018–2028)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Israel
Rest of MEA

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Global Near-Infrared Imaging Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Near-Infrared Imaging market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

Thank you for reading our report. If you have any requests for customization of the latest report, kindly get in touch with us. Our team will assist you and ensure the report is designed as per your requirements.

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Eric Lee
Emergen Research
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