Lucintel's latest market report analyzed that near infrared imaging provides attractive opportunities in hospitals & clinics, pharmaceutical & biotechnology companies, and research laboratories. The near infrared imaging market is expected to reach $1.8 billion by 2028 with a CAGR of 4.5%. In this market, preclinical imaging is the largest segment by application, whereas hospitals & clinics is largest by end use industry.

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Based on application, the near infrared imaging market is segmented into preclinical imaging, cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries, and others. The preclinical imaging segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing prevalence of cancer globally and the introduction of advanced NIR reagents to promote enhanced preclinical research.

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The Near Infrared Imaging Market is marked by the presence of several big and small players. Some of the prominent players offering near infrared imaging include Quest Medical Imaging, Stryker, KARL STORZ SE, Olympus, Hamamatsu Photonics, and Mizuho Medical.

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