Near-Infrared Fluorescence Imaging System Market Trends

Growth Drivers

• Rapidly Growing Geriatric Population – Growing age brings several types of health issues, i.e., refractive errors, chronic obstructive pulmonary disease, hearing loss, and others. Thus, growing geriatric population is more tend to undergo of numerous types of surgical intrusion, that is fueling the demand of near-infrared fluorescence imaging system. As per the data released by the World Health Organization, in 2020, the proportion of the population aged 60 and up was increased from 1 billion to 1.4 billion.

• Escalation in Cancer – Growing occurrence of several types of cancer is up surging the demand of early cancer detection and surgeries as well. It is possible to see, remove, and treat malignant tissue using fluorescence imaging techniques. As per the World Health Organization, nearly 10 million people were died from cancer worldwide in 2020.

• Significant Increase in Reconstructive Surgeries - Reconstructive surgery corrects defects, i.e., birth, disease-related, and injury-related that has permanently affected some part of a person’s body. Currently, huge number of people have been going under reconstructive surgeries to fix out such condition. For instance, in 2020, nearly 6.5 million reconstructive surgical procedures were performed in the United States.

• Upsurge in Gastrointestinal Disorders - Gastrointestinal disorders affect the GI tract, which expanded from the mouth to the anus and result in irritable bowel syndrome, constipation, bloating and so on. Such digestive health condition requires an appropriate treatment. It was observed that till 2021, 4 out of every 10 adults in the world had functional gastrointestinal disorders of severe forms.

• Growth in Healthcare Spending – As per the World Bank, as compared to 2018, worldwide healthcare expenditure increased to 9.83% in 2019. Higher expenditure on healthcare indicates the deployment of better medical services and improved devices for the treatment.

Challenges

• Availability of Other Alternative Imaging Techniques- Devices, such as bioluminescent bacteria to detects the infections associated with biomaterial and reactive oxygen species imaging for the detection of inflammation of infected implant. These alternatives are the few factors that are likely to hinder the market growth.
• High Prices of Near-Infrared Fluorescence Imaging System
• Lack of Skilled Operators