Market Introduction
Near infrared imaging is a noninvasive and relatively low-cost optical technique that is becoming a widely used instrument for measuring tissue O2 saturation, changes in hemoglobin volume and, indirectly, brain/muscle blood flow and muscle O2 consumption. NIR light (700-1000nm) penetrates superficial layers (skin, subcutaneous fat, skull, etc.) and is either absorbed by chromophores (oxy- and deoxyhemoglobin and myoglobin) or scattered within the tissue. Since it offers faster resolution and is less harmless to patients, it is beneficial over other strategies.
Market Overview and Dynamics
The South and Central America near infrared imaging market is expected to reach US$ 44.87 million in 2027 from US$ 34.58 million in 2019. The market is estimated to grow with a CAGR of 3.4% from 2020-2027. The growth of the market is attributed to some key driving factors such as the high rise in cases of chronic diseases and the significant growth in biotechnology and research sector. However, the market growth is likely to be hindered owing to the concerns regarding near-infrared imaging and the high cost of healthcare.
Key Market Segments
Based on product, the near infrared imaging market is segmented 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. Based on application, the near infrared imaging market, is segmented into cancer surgeries, cardiovascular surgeries, gastrointestinal surgeries, plastic/reconstructive surgeries, preclinical imaging, and others. Based on end user, the near infrared imaging market, is segmented into hospitals and clinics, pharmaceutical and biotechnology companies, and research laboratories.
Major Sources and Companies Listed
Some of the major primary and secondary sources for near infrared imaging market included in the report are Cardiovascular Risk Factor Multiple Evaluation (CARMELA), International Diabetes Federation (IDF), and others.
Reasons to buy the report
SOUTH AND CENTRAL AMERICA NEAR INFRARED IMAGING MARKET SEGMENTATION
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 34.58 Million |
| Market Size by 2027 | US$ 44.87 Million |
| CAGR (2020 - 2027) | 3.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South and Central America Near Infrared Imaging Market is valued at US$ 34.58 Million in 2019, it is projected to reach US$ 44.87 Million by 2027.
As per our report South and Central America Near Infrared Imaging Market, the market size is valued at US$ 34.58 Million in 2019, projecting it to reach US$ 44.87 Million by 2027. This translates to a CAGR of approximately 3.4% during the forecast period.
The South and Central America Near Infrared Imaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Near Infrared Imaging Market report:
The South and Central America Near Infrared Imaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Near Infrared Imaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Near Infrared Imaging Market value chain can benefit from the information contained in a comprehensive market report.
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