Global Near-infrared Fluorescence Imaging System Market to Reach $1.3 Billion by 2031 at 11% CAGR | TMR

The global near-infrared fluorescence imaging system (NIRF) market is poised for significant growth, driven by advancements in surgical tools, increasing adoption of imaging technologies in robotic surgeries, and a rising prevalence of cancer surgeries worldwide. Valued at US$ 0.5 billion in 2021, the market is projected to reach US$ 1.3 billion by 2031, expanding at a CAGR of 11% during the forecast period from 2022 to 2031.

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Surge in Adoption for Surgical Applications

Near-infrared fluorescence imaging systems are increasingly being integrated into surgical procedures for their ability to provide real-time, high-definition imaging of blood flow and lymphatic vessels. This imaging technique has become crucial in treating breast cancer, liver tumors, and vascular anastomosis, offering improved safety and efficiency.

The combination of NIRF technology with robotic surgeries has further enhanced surgical outcomes, particularly in endocrine procedures like thyroidectomy. Leading players, including Olympus Corporation, Shimadzu, and Stryker, are driving this trend with innovations that set new standards in medical imaging systems.

Innovations Driving Market Expansion

The adoption of fluorescence-guided surgeries (FGS) is accelerating as manufacturers develop advanced imaging systems equipped with near-infrared excitation and detection capabilities. For instance, Stryker’s SPY systems and Arthrex’s SynergyID offer state-of-the-art imaging solutions, facilitating precise surgical interventions. The SynergyID system, launched in 2020, stands out as the first endoscopic 4-chip camera with fluorescence imaging, delivering unparalleled image clarity and color accuracy.

In addition, handheld NIRF imaging systems are gaining traction for their versatility in open surgeries. Compact designs, high sensitivity, and affordability make handheld systems an attractive option for surgeons, enabling detailed visualization of surgical fields.

Segment Insights

Type

The market is segmented into cart-based systems, handheld systems, and others. While cart-based systems held a significant share of 27% in 2021, the handheld segment is projected to grow consistently due to features like autofocus, zoom capabilities, and ease of use.

Light Source

Laser diodes dominate the light source segment, accounting for more than 45% of the market share in 2021. Laser diode-based imaging systems, such as Stryker’s SPY Elite, enhance surgeons’ ability to assess microvascular blood flow, leading to better patient outcomes.

Application

Cancer surgeries emerged as the largest application segment, contributing over 51% of the market share in 2021. The rising incidence of cancer, coupled with innovative devices like near-infrared fluorescence lymphatic imaging (NIRFLI), is driving demand for NIRF systems in oncology. According to the World Health Organization (WHO), around 10 million cancer-related deaths occurred in 2020, emphasizing the need for advanced imaging modalities in cancer treatment.

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Regional Market Trends

North America accounted for approximately 40% of the global market in 2021, driven by technological advancements and increasing healthcare expenditures. Robust government support for cancer and cardiovascular treatments is further strengthening the region’s market position.

Asia Pacific is expected to be the fastest-growing region during the forecast period, fueled by the rising prevalence of chronic diseases and the strong presence of market leaders like Olympus Corporation and Hamamatsu Photonics K.K. In contrast, Latin America and Middle East & Africa are witnessing moderate growth, with Latin America expanding at a faster rate.

Competitive Landscape

The global near-infrared fluorescence imaging system market is highly consolidated, with key players focusing on R&D investments, product innovation, and strategic partnerships. Prominent companies such as Carl Zeiss Meditec AG, Fluoptics, Hamamatsu Photonics, and Shimadzu Corporation are driving advancements in imaging technology.

Notable Developments

• Shimadzu Corporation launched the LIGHTVISION device in 2018, enhancing breast cancer treatments by visualizing blood and lymph vessels.
• Fluoptics received FDA approval for its FLUOBEAM imaging system in 2018, enabling real-time detection of parathyroid tissue during surgeries.
• Polytech Domilens and Leica Microsystems announced a strategic partnership in 2018 to expand the reach of Leica’s fluorescence imaging systems in Germany.

Market Outlook

The global near-infrared fluorescence imaging system market is set for robust growth, fueled by technological advancements, increasing applications in surgeries, and rising healthcare needs. With a forecasted value of US$ 1.3 billion by 2031, the market offers substantial opportunities for innovation and investment in advanced imaging solutions.

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