Near-infrared fluorescence (NIRF) imaging system is an emerging clinical technology that irradiates near-infrared excitation light, permits relatively deep photon penetration into tissues when exogenous near-infrared fluorophores are introduced. It is a system that allows the observation of blood flow and lymph flow under the tissue surface by providing surgeons highly specific images of targeted tissue by imaging the near-infrared fluorescence. The imaging system provide  an image of a broad area due to the large field of view, such as the abdomen, providing a quick overview and real time identification of assessing blood flow through blood vessels in an abdominal flap or the gastric tube. Clinical applications of near-infrared fluorescence imaging system are increased for a variety of surgical procedures.

NIRF imaging requires administration of a fluorescence-imaging agent that can be excited at near-infrared (NIR) wavelengths of ≥760 nm. Fluorescent contrast agents not only provide enhanced contrast but also reveal specific molecular events associated with cancer formation and progression. Indocyanine green fluorescence imaging, enables simple and real time identification of lymphatic vessels and confirmation of blood flow during surgery. NIRF imaging systems play an important role in cancer surgeries for instance, Shimadzu Corporation LIGHTVISION is   designed to support breast cancer treatment by providing visuals of lymph vessels and blood vessels, based on the detection of near-infrared fluorescent light emitted from indocyanine green.

The global near-infrared fluorescence imaging system market is projected to expand at a considerable pace from 2018 to 2026. The key driver that projects the growth of near-infrared fluorescence imaging market is its increasing significance in the critical surgeries, such as breast cancer. Moreover, technological advancements and high precision have increased the adoption of near-infrared fluorescence imaging system in numerous fields of medical sciences. Rise in concerns about the reduction in health care spending and increase in demand to achieve accurate surgical outcomes have induced health care providers across the globe to focus on enhancing operating room efficiency, while minimizing the required resources and related costs. This is facilitated by continuous technological advances in the NIRF imaging systems that have brought significant change in the way surgical procedures are currently carried out. Improvements in the economic condition in several countries after the global recession is propelling the market.

The global near-infrared fluorescence imaging system market is witnessing continuous innovations and expansion of product portfolios by major and local manufacturers. Collaborations among major market players for technological advancement with minimal manual intervention are likely to drive the global near-infrared fluorescence imaging system market during the forecast period. Rise in demand for NIRF imaging systems in hospital and pharmaceutical R&D, and research labs is also anticipated to boost the global during the forecast period.

The global near-infrared fluorescence imaging system market can be segmented based on product type, incident light source, application, end-user, and region. In terms of product, the global near-infrared fluorescence imaging system market can be categorized into hand-held near-infrared fluorescence imaging system, cart-based near-infrared fluorescence imaging system, and near-infrared fluorescence imaging system incorporated into other surgical devices, such as the fluorescence imaging incorporated in da Vinci Robotics System by Novadaq Technologies Inc. Based on incident light sources, the global near-infrared fluorescence imaging system market can be divided into laser diodes, light-emitting diodes, and filtered lamp sources. In terms of application, the global near-infrared fluorescence imaging market can be classified into in vivo imaging, cancer surgeries, plastic/reconstructive surgeries, cardiovascular surgeries, gastrointestinal surgeries, and others. Based on end-user, the global near-infrared fluorescence imaging market can be categorized into hospitals, research institutions, and others.

In terms of region, the global near-infrared fluorescence imaging system market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is likely to account for a dominant share of the market. The near-infrared fluorescence imaging system market in the region is expected to expand at a significant pace during the forecast period. Surge in government investments, rise in research and development activities, and increase in the number of alliances among key players in the market drive the market in the region. Moreover, rise in prevalence of cancer in the region has led to an increase in the number of surgeries and demand for NIRF imaging system in North America. Europe accounts for a substantial share of the near-infrared fluorescence imaging system market. This trend is likely to continue during the forecast period. High capital investments by government and venture capitalist firms in several countries has attracted key players to the region.

Key players operating in the global near-infrared fluorescence imaging system market include Mizuho Medical Innovation, Fluoptics, Hamamatsu Photonics, PULSION MEDICAL SYSTEMS SE, SH System, and Shimadzu Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Near Infrared Fluorescence Imaging System Market

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