Global Near Infrared Imaging Market Size Study, By Product, By Indication, By End Use, and Regional Forecasts 2022-2032

Description

The Global Near Infrared Imaging Market was valued at approximately USD 2.16 billion in 2023 and is projected to expand at a CAGR of 3.9% over the forecast period of 2024-2032. The increasing prevalence of cardiovascular diseases (CVDs), gastrointestinal conditions, neurovascular disorders, and cancer is fueling the demand for near-infrared imaging solutions. This imaging technology is widely used in surgical visualization, diagnostics, and physiological monitoring, making it indispensable in medical applications. Furthermore, rapid advancements in fluorescence imaging systems, AI-integrated imaging technologies, and portable diagnostic devices are strengthening market growth.

The post-pandemic resurgence in surgical interventions and minimally invasive procedures is another major driver for the market. With an increasing number of cosmetic, reconstructive, and tumor resection surgeries, hospitals and clinics are incorporating near-infrared imaging (NIR) for real-time visualization of blood flow, tumor margins, and organ function assessments. Additionally, the rising geriatric population worldwide is escalating the financial burden on healthcare systems, prompting investments in high-precision imaging techniques to enhance patient care. According to WHO estimates, the number of individuals aged 65 and above is expected to reach 1.5 billion by 2050, thereby increasing demand for advanced imaging technologies in elderly care.

Near-infrared imaging is widely adopted in preclinical research and pharmaceutical applications, particularly in drug development, neuroscience research, and vascular imaging. The ability of NIR fluorescence imaging to provide non-invasive, real-time visualization of biological tissues and physiological processes is significantly expanding its application scope. Moreover, continuous research efforts in neuroimaging, functional spectroscopy, and early-stage cancer detection are expected to boost market adoption further. Major players are investing in mergers and acquisitions to enhance their product portfolios, as demonstrated by Hamamatsu Photonics K.K.'s acquisition of NKT Photonics A/S in 2024, which aimed to strengthen its laser and photonics imaging capabilities.

Geographically, North America continues to dominate the market, holding over 40.6% market share in 2023, driven by technological advancements, high disposable income, and rapid adoption of AI-assisted imaging techniques. The U.S. market leads in NIR imaging adoption due to the high incidence of cancer, expanding reconstructive surgery landscape, and growing demand for minimally invasive procedures. Meanwhile, Asia-Pacific is poised to witness the fastest growth, fueled by rising healthcare investments, increasing medical tourism, and government-backed initiatives to develop affordable imaging solutions.

Major Market Players Included in This Report

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
Axcelis Technologies
Bruker Corporation
Photon Etc.

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Product:

Devices
- Near-Infrared Fluorescence Imaging Systems
- Near-Infrared Fluorescence & Bioluminescence Imaging Systems
Reagents
- Indocyanine Green (ICG)
- Other Reagents

By Indication:

Preclinical Imaging
Cancer Surgeries
Gastrointestinal Surgeries
Cardiovascular Surgeries
Plastic/Reconstructive Surgeries
Other Applications

By End Use:

Hospitals & Clinics
Pharmaceutical & Biotechnology Companies
Research Laboratories

By Region:

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
Australia
South Korea
Thailand
Latin America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait

Years Considered for the Study:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024-2032

Key Takeaways:

Market estimates & forecasts for 10 years (2022-2032)
Annualized revenue analysis for each market segment
Geographical market insights with country-level analysis
Competitive landscape breakdown with market ranking of key players
Strategic insights on industry trends, growth factors, and innovations
Comprehensive demand and supply-side analysis

Chapter 1. Global Near Infrared Imaging Market Executive Summary

1.1. Global Near Infrared Imaging Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Indication
- 1.3.3. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Near Infrared Imaging Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Near Infrared Imaging Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising prevalence of cancer and cardiovascular diseases
- 3.1.2. Advancements in AI-based near-infrared imaging technology
- 3.1.3. Increasing adoption of minimally invasive surgeries
3.2. Market Challenges
- 3.2.1. High cost of near-infrared imaging devices
- 3.2.2. Limited availability of skilled professionals
3.3. Market Opportunities
- 3.3.1. Expansion of near-infrared imaging in neurology and preclinical research
- 3.3.2. Innovations in fluorescence-guided imaging agents

Chapter 4. Global Near Infrared Imaging Market Industry Analysis

4.1. Porter's Five Forces Analysis
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's Five Forces Model
- 4.1.7. Porter's Five Forces Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Investment & Funding Scenario
4.4. Disruptive Trends in the Near Infrared Imaging Industry
4.5. Industry Expert Perspectives
4.6. Analyst Recommendations

Chapter 5. Global Near Infrared Imaging Market Size & Forecasts by Product (2022-2032)

5.1. Segment Dashboard
5.2. Global Near Infrared Imaging Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Devices
  - 5.2.1.1. Near-infrared Fluorescence Imaging Systems
  - 5.2.1.2. Near-infrared Fluorescence & Bioluminescence Imaging Systems
- 5.2.2. Reagents
  - 5.2.2.1. Indocyanine Green (ICG)
  - 5.2.2.2. Other Reagents

Chapter 6. Global Near Infrared Imaging Market Size & Forecasts by Indication (2022-2032)

6.1. Segment Dashboard
6.2. Global Near Infrared Imaging Market: Indication Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Preclinical Imaging
- 6.2.2. Cancer Surgeries
- 6.2.3. Gastrointestinal Surgeries
- 6.2.4. Cardiovascular Surgeries
- 6.2.5. Plastic/Reconstructive Surgeries
- 6.2.6. Other Applications

Chapter 7. Global Near Infrared Imaging Market Size & Forecasts by End Use (2022-2032)

7.1. Segment Dashboard
7.2. Global Near Infrared Imaging Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Hospitals & Clinics
- 7.2.2. Pharmaceutical & Biotechnology Companies
- 7.2.3. Research Laboratories

Chapter 8. Global Near Infrared Imaging Market Size & Forecasts by Region (2022-2032)

8.1. North America Near Infrared Imaging Market
- 8.1.1. U.S. Near Infrared Imaging Market
- 8.1.2. Canada Near Infrared Imaging Market
- 8.1.3. Mexico Near Infrared Imaging Market
8.2. Europe Near Infrared Imaging Market
- 8.2.1. UK Near Infrared Imaging Market
- 8.2.2. Germany Near Infrared Imaging Market
- 8.2.3. France Near Infrared Imaging Market
- 8.2.4. Italy Near Infrared Imaging Market
- 8.2.5. Spain Near Infrared Imaging Market
- 8.2.6. Denmark Near Infrared Imaging Market
- 8.2.7. Sweden Near Infrared Imaging Market
- 8.2.8. Norway Near Infrared Imaging Market
8.3. Asia-Pacific Near Infrared Imaging Market
- 8.3.1. Japan Near Infrared Imaging Market
- 8.3.2. China Near Infrared Imaging Market
- 8.3.3. India Near Infrared Imaging Market
- 8.3.4. Australia Near Infrared Imaging Market
- 8.3.5. South Korea Near Infrared Imaging Market
- 8.3.6. Thailand Near Infrared Imaging Market
8.4. Latin America Near Infrared Imaging Market
- 8.4.1. Brazil Near Infrared Imaging Market
- 8.4.2. Argentina Near Infrared Imaging Market
8.5. Middle East & Africa Near Infrared Imaging Market
- 8.5.1. South Africa Near Infrared Imaging Market
- 8.5.2. Saudi Arabia Near Infrared Imaging Market
- 8.5.3. UAE Near Infrared Imaging Market
- 8.5.4. Kuwait Near Infrared Imaging Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Quest Diagnostics Incorporated
- 9.1.2. Stryker
- 9.1.3. KARL STORZ SE & Co. KG
9.2. Top Market Strategies
9.3. Company Profiles

Chapter 10. Research Process

10.1. Research Process Overview
10.2. Data Collection & Sources
10.3. Primary Research Approach
10.4. Secondary Research Approach
10.5. Market Estimation Techniques
10.6. Data Validation & Triangulation
10.7. Assumptions & Limitations
10.8. Publishing Process
10.9. Research Attributes
10.10. Disclaimer