India Near Infrared Imaging Market Size & Outlook
India near infrared imaging market, 2018-2030 (US$M)
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India near infrared imaging market highlights
- The India near infrared imaging market generated a revenue of USD 65.9 million in 2023 and is expected to reach USD 92.0 million by 2030.
- The India market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Near infrared imaging market data book summary
| Market revenue in 2023 | USD 65.9 million |
| Market revenue in 2030 | USD 92.0 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global near infrared imaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan near infrared imaging market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 170.9 million by 2030.
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Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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India near infrared imaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 55.24% in 2023. Horizon Databook has segmented the India near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
India has a high burden of chronic diseases such as cardiovascular diseases, mental health disorders, diabetes, and cancer and injuries are the leading causes of death and disability in India.
According to the International Agency for Research on Cancer, about 1,324,413 new cancer cases were diagnosed in 2020 in India. By 2025, the number is expected to increase to 2,720,251. Moreover, advancements in healthcare facilities in India has led to an increase in patient volume.
The medical device industry in India is currently the fourth largest in the world and is expected to continue to grow in the near future. Increasing geriatric population, low costs of production, and favorable regulatory policies provide India with a competitive edge over other countries.
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Target buyers of India near infrared imaging market databook
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Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India near infrared imaging market , including forecasts for subscribers. This country databook contains high-level insights into India near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India near infrared imaging market size, by product, 2018-2030 (US$M)
India Near Infrared Imaging Market Outlook Share, 2023 & 2030 (US$M)
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