Device Segment Held Largest Share of Product in Asia Pacific Near Infrared Imaging Market in 2019

According to a new market research study of ‘Asia Pacific Near Infrared Imaging Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by product, application, and end user’ the Asia Pacific near infrared imaging market is expected to reach US$ 128.64 million in 2027 from US$ 89.01 in 2019. The market is estimated to grow with a CAGR of 4.8% from 2020-2027. The report provides trends prevailing in the Asia Pacific near infrared imaging market and the factors driving market along with those that act as hindrances.

Based on the product, the Asia Pacific the near infrared imaging market, is segmented into device and  reagent. The device segmented is further subdivided into near-infrared fluorescence imaging systems and near-infrared fluorescence and bioluminescence imaging systems. The reagent segment is further subdivided into indocyanine green (ICG) and others. The device segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period owing to the fact that they help medical and scientific professionals, healthcare workers and investigators to determine the infrared characteristics of various intrinsic materials including deeply located tissues and morphological structures. These systems are also helpful in better visualization of target human organs while performing surgical procedures. Increasing adoption of near infrared imaging in surgical procedures are expected to augment the growth of the segment during the coming years.

The growth of the market is attributed to some key driving factors such as the growing number of chronic diseases and the strategic initiatives by market players in near infrared imaging products. However, the market growth is likely to be hindered owing to the issues encountered with near-infrared imaging.

Olympus Corporation, Mizuho Medical Co,Ltd., SHIMADZU CORPORATION are among the leading companies operating in the Asia Pacific near infrared imaging market. 

The report segments Asia Pacific Near Infrared Imaging Market as Follows:

By Product

• Device
  • Near-Infrared Fluorescence Imaging Systems
  • Near-Infrared Fluorescence and Bioluminescence Imaging Systems
• Reagent
  • Indocyanine Green (ICG)
  • Others

By Application

• Cancer Surgeries
• Cardiovascular Surgeries
• Gastrointestinal Surgeries
• Plastic/Reconstructive Surgeries
• Preclinical Imaging
• Others

By End User

• Hospitals and Clinics
• Pharmaceutical and Biotechnology Companies
• Research Laboratories

By Country

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific