LI-COR, Inc.

CHICAGO, June 29, 2023 /PRNewswire/ -- In the near future, the near-infrared imaging industry is poised for significant growth and advancements driven by technological innovations and expanding applications in various fields. Near-infrared imaging utilizes light in the near-infrared spectrum to capture images and gather information about tissues and objects that are otherwise not visible to the naked eye. The industry is expected to witness the development of more advanced imaging systems, including high-resolution and real-time imaging devices, enabling improved visualization and analysis of biological structures and processes. Near-infrared imaging will find increasing applications in fields such as healthcare, pharmaceuticals, agriculture, and security. In healthcare, it will play a crucial role in non-invasive diagnostics, surgical guidance, and monitoring therapeutic interventions. Additionally, near-infrared imaging will aid in drug development and formulation by enabling rapid screening of compound distribution and pharmacokinetics. In agriculture, it will facilitate crop monitoring, disease detection, and yield optimization. The near-infrared imaging industry's future will be characterized by continuous technological advancements, expanded applications, and the integration of complementary technologies such as artificial intelligence and machine learning, driving innovation and providing valuable insights across a range of industries. Near infrared imaging Market in terms of revenue was estimated to be worth $1.0 billion in 2023 and is poised to reach $1.9 billion by 2028, growing at a CAGR of 14.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The major factors driving the growth of this market include rising patient population, various chronic diseases, and technological advancements along with the increasing adoption of hybrid NIR imaging. Download an Illustrative overview: Browse in-depth TOC on "Near infrared imaging Market" 150 - Tables 40 - Figures 200 - Pages Near infrared imaging Market Scope: Product segment to register significant growth rate over the forecast period of 2023-2028 Based on the product, the global the near-infrared imaging market is segmented into NIR devices, NIR imaging agents/probes and NIR dyes. The NIR device segment is anticipated to register the highest growth rate over the forecast period. The NIR device segment accounted for the highest share of the near infrared imaging market in 2022. Procedure segment to register significant growth rate over the forecast period of 2023-2028 Based on the procedure, the near-infrared imaging market is segmented into cancer surgeries, gastrointestinal surgeries, cardiovascular surgeries, plastic/reconstructive surgeries, and ob/gyn surgeries and other applications. The cancer surgeries segment is anticipated to register the highest growth rate over the forecast period. The cancer surgeries segment accounted for the highest share of the near infrared imaging market in 2022. Preclinical segment accounted for the largest share of the near infrared imaging market, by application in 2022. Based on application, the global the near-infrared imaging market is segmented into preclinical imaging, clinical imaging, and medical imaging. Preclinical applications accounted for the largest share of the market in 2022 and is expected to grow at the highest CAGR during the forecast period. Factors such as the rising incidence of cancer cases, the growing geriatric population, and the launch of integrated modalities drive the growth of PET products. The hospital and clinics segment accounted for the largest share of the near infrared imaging market, by end user, in 2022 Based on end user, the near-infrared imaging market is segmented into hospitals & clinics, research laboratories, and pharmaceutical & biotechnology companies. The hospital and clinic segment accounts for the largest share of the market in 2022. Factors attributing to the share of this particular are increasing cancer incidences and increasing number of dermatological surgeries performed in hospitals and clinics are driving the growth of this segment. The Asia Pacific market to register a significant growth in the market during the forecast period The Asia Pacific near infrared imaging market is estimated to register a significant growth from 2023 to 2028. The increasing patient population, rising geriatric population, rapid economic growth and increasing disposable income are driving the market growth in APAC countries. This region is having a rise in healthcare investment and expenditure, offering significant growth opportunities for the key players. Request Sample Pages: Near infrared imaging Market Dynamics: Drivers: Increasing number of surgical procedures Restraints: High Capital and Operational Cost Opportunities: Use of blockchain in imaging Challenges: Hospital budget cuts Key Market Players: As of 2022, prominent players in the near infrared imaging market are Stryker (US), KARL STORZ SE & Co. KG (Germany), Carl Zeiss Meditec AG (Germany), Leica Microsystems (US), Olympus Corporation (Japan), PerkinElmer, Inc. (US), LI-COR, Inc. (US), and Medtronic (Ireland), Recent Developments: As of 2020, in Sao Paulo, Brazil, there were ten radiologists for every 100,000 inhabitants, while in the northern part of the country, there were less than three radiologists for every 100,000 inhabitants. According to the report "The Value of Radiology" by the Canadian Association of Radiologists (CAR), there is a need for an estimated 1,700 new radiologists between 2019 and 2040. The report identified the inadequate distribution of medical imaging equipment and radiologists across the country, as well as ageing imaging equipment unable to keep up with demand. In addition, lost work time and wages from patients who take temporary leave from their jobs waiting for imaging diagnoses are estimated to cost the economy an average of USD 3.4 billion per year. In 2023, the American Society for Photobiology (ASP) published a report that found that there is a growing demand for NIR imaging professionals, but that the supply of trained professionals is not keeping pace. The report also found that many NIR imaging companies are struggling to find qualified employees. Get 10% Free Customization on this Report: Near infrared imaging Market Advantages: Non-invasive Imaging: Near-infrared imaging allows for non-invasive visualization of tissues and objects. It utilizes light in the near-infrared spectrum, which can penetrate biological materials more deeply than visible light. This non-invasive nature minimizes patient discomfort, reduces the risk of complications, and enables repeated imaging without causing harm or disruption to the subject. Real-time and Dynamic Imaging: Near-infrared imaging provides real-time imaging capabilities, allowing for the visualization of dynamic processes within tissues or objects. This is particularly beneficial in fields such as healthcare and biomedical research, where real-time monitoring of physiological changes, drug distribution, or tissue perfusion is essential for diagnostic and therapeutic purposes. Molecular and Functional Imaging: Near-infrared imaging can be combined with specific contrast agents or probes to enable molecular imaging. By targeting specific molecules or biological markers, it allows for the visualization of molecular events and functional processes in living organisms. This ability enhances the understanding of disease mechanisms, facilitates drug development, and aids in personalized medicine approaches. High Sensitivity and Specificity: Near-infrared imaging offers high sensitivity and specificity in detecting and differentiating various tissue characteristics. It can reveal differences in tissue composition, blood flow, oxygenation levels, and metabolic activity, aiding in the identification of disease states, tumor detection, and characterization. The ability to differentiate between healthy and diseased tissues enhances diagnostic accuracy and supports treatment planning. Wide Range of Applications: The near-infrared imaging market finds applications across multiple industries, including healthcare, pharmaceuticals, agriculture, food safety, and security. In healthcare, it assists in areas such as cancer diagnosis, brain imaging, cardiovascular assessment, and wound healing monitoring. In agriculture, it aids in crop monitoring, disease detection, and quality assessment. The versatility of near-infrared imaging allows it to be applied to diverse fields and challenges, making it a valuable tool in various industries. Advancements in Technology and Data Analysis: Technological advancements and improvements in near-infrared imaging systems, detectors, and data analysis techniques contribute to the growth of the market. These advancements result in higher image resolution, improved image quality, and faster data processing, enabling more accurate and detailed insights. The integration of complementary technologies like artificial intelligence and machine learning further enhances data analysis, pattern recognition, and image interpretation. Cost-effectiveness and Accessibility: Near-infrared imaging techniques are relatively cost-effective compared to other imaging modalities, such as MRI or PET scans. The equipment is often portable and user-friendly, making it accessible in various settings, including clinics, research laboratories, and field applications. The cost-effectiveness and accessibility of near-infrared imaging broaden its potential user base and foster its integration into routine clinical practice and industrial applications. These advantages underscore the significance of the near-infrared imaging market, enabling non-invasive, real-time, and molecular visualization of tissues and objects. With its wide range of applications, high sensitivity, and continuous technological advancements, near-infrared imaging plays a vital role in diagnostics, research, and quality control across various industries. Near infrared imaging Market – Report Highlights: In this report, near infrared imaging are considered, along with NIR devices, NIR agents/probes, and NIR dyes, used for healthcare applications and diagnostic application. The study consists of the average selling price (ASP) analysis for different products in the near-infrared imaging market. The research study comprises the patent analysis of technologies/solutions used in the near-infrared imaging market. The new market study consists of the trends/disruptions impacting customers' businesses. The new market study consists of information on key conferences & events in 2020–2023. The new market study consists of the region-wise regulatory landscape. The new market study consists of Porter's Five Forces Analysis The new market study provides details of the strategies of the top 25 players operating in the market. The competitive landscape chapter has been updated with the market evaluation matrix. The competitive landscape also includes the market share analysis of major global players (as of 2022), updated competitive leadership mapping, and competitive situations and trends. The new market study comprises 25 players. These companies have emerged as key market players in recent years due to their products and various strategic investments undertaken in the protein A resin market space. Updated financial information/product portfolio of players: The new edition of the report provides updated financial information in the context of the Near Infrared Imaging market from 2020 to May 2023 (depending on availability) for each listed company in graphical representation. Updated market developments of profiled players: The current report includes the market developments from January 2020 to May 2023 Related Reports: Mice Model Market - Global Forecasts to 2028 Optical Imaging Market - Global Forecasts to 2027 Animal Wound Care Market - Global Forecasts to 2027 Diagnostic Imaging Market - Global Forecasts to 2026 Veterinary Imaging Market - Global Forecasts to 2026 About MarketsandMarkets™: MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit ™.com or follow us on Twitter, LinkedIn and Facebook. 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SAN FRANCISCO, June 13, 2022 /PRNewswire/ -- The global protein labeling market size is expected to reach USD 4.11 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.6% from 2022 to 2030. The study of Post-translational Modification (PTM) of proteins has gained immense popularity in cell biology and disease treatment and prevention. The introduction of effective quantification methods of protein expression with the use of tagging strategies, such as iodoTMTzero Label Reagent that detects nitrosylation, has driven an efficient determination of PTMs. Therefore, a rise in PTM-related studies is driving the market. The emergence of novel techniques and the launch of improved products are expected to positively influence market growth. One such development includes the application of new spin labels that expand the capability of site-directed spin labeling of proteins. These labels in combination with electron paramagnetic resonance spectroscopy (SDSL-EPR) enable the investigation of protein structure, dynamics, and structural heterogeneity. Key Industry Insights & Findings from the report: Proteins dominated the reagents segment in 2021 as fluorescent proteins are beneficial and allow in situ fusion expression through gene transfer into cells. This eliminates the need for purification, in vitro labeling, high-level heterologous production, and microinjection of recombinant proteins. The fluorescence microscopy segment is estimated to register the fastest CAGR from 2022 to 2030 due to the development of monomeric fluorescent proteins that are capable to fluoresce orange to far-red bands of the visible light spectrum. The in-vitro labeling segment accounted for the largest revenue share in 2021 and is anticipated to witness the fastest CAGR during the forecast period. The less complexity associated with in-vitro techniques and the availability of a large number of commercial kits for these techniques result in a larger share of the segment in 2021. North America accounted for the maximum revenue share in 2021 due to the presence of key manufacturers, increase in proteomics research, the advent of bioengineering technologies, and high adoption of these products in disease diagnosis-associated studies. Get more Insights from 130 page market research report, "Protein Labeling Market Size, Share & Trends Analysis Report By Product (Services, Kits, Reagents), By Application (Fluorescence Microscopy, Cell-based Assays), By Method (In-vitro, In-vivo), And Segment Forecasts, 2022 - 2030", published by Grand View Research. Protein Labeling Market Growth & Trends The market is growing as private players and government agencies increased investments in proteomics and genomics R&D. Proteomics is the study of the entire protein content of a cell, tissue, or organism. Proteomic profiling approaches require protein labeling methods before separation and analysis. For example, the United States National Institutes of Health (NIH) allocated USD 37 billion to scientific research. Moreover, there is an increase in funding for life sciences research that supports molecular studies to better understand the fundamental processes by which diseases emerge, as well as the identification of biomarkers that identify the presence of disease or the gene/protein responsible for the condition. The Novo Nordisk Foundation awarded the University of Copenhagen a grant of up to USD 1.5 million to create a mass spectrometry facility, which is a new and exciting step in protein research. As a result, the market is being driven by increased spending on proteomics and genomics research and development. Protein labeling applications are widely employed for a variety of functions. Cell-based assays can offer information about intracellular molecular targets and have the advantage of being performed in a biological context. Fluorescent antibodies are important in clinical therapy as well as for investigating immunology, cell biology, and neuroscience. A mass spectrometer is a device that detects the m/z ratio of ions to identify and quantify compounds in simple and complicated mixtures. It has proven indispensable in a variety of domains and applications, including proteomics. Immunological approaches include ways of studying the immune system as well as the application of immunological reagents as instruments. Protein microarrays are a new type of proteomic technology that is rapidly gaining popularity in molecular biology and biochemistry. Protein Labeling Market Segmentation Grand View Research has segmented the global protein labeling market on the basis of product, application, method, and region: Protein Labeling Market - Product Outlook (Revenue, USD Million, 2018 - 2030) Reagents Proteins Enzymes Probes/Tags Monoclonal antibodies Other reagents Kits Services Protein Labeling Market - Application Outlook (Revenue, USD Million, 2018 - 2030) Cell-based Assays Fluorescence Microscopy Immunological Techniques Protein Microarray Mass Spectrometry Protein Labeling Market - Method Outlook (Revenue, USD Million, 2018 - 2030) In-vitro Labeling Methods Enzymatic methods Dye-based methods Co-translational methods Site-specific methods Nanoparticle methods Others In-vivo Labeling Methods Photoreactive methods Radioactive methods Others Protein Labeling Market - Regional Outlook (Revenue, USD Million, 2018 - 2030) North America U.S. Canada Europe Germany U.K. Asia Pacific China Japan Latin America Brazil Middle East Africa (MEA) South Africa List of Key Players in the Protein Labeling Market Thermo Fisher Scientific, Inc. F. Hoffmann-La Roche Ltd. Merck KGaA Perkin Elmer, Inc. Promega Corporation LGC Limited New England Biolabs LI-COR, Inc. GE Healthcare. Jena Bioscience GmbH Check out more related studies published by Grand View Research: Nucleic Acid Labeling Market - The global nucleic acid labeling market size is expected to reach USD 3.22 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.81% from 2020 to 2027. Technological advancements with respect to PCR, DNA sequencing, nanotechnology, and microfluidics are expected to help enhance the market potential in the near future. Additionally, nucleic acid labeling products are gaining significant momentum across diagnostic as well as therapeutic interventions associated with cancer disorders and genetic deformities, thereby elevating the market growth. Protein Purification And Isolation Market - The global protein purification and isolation market size is expected to reach USD 19.1 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.6% from 2022 to 2030. Technological advancements and investments for the development of structure-based drugs by both private and public research organizations are driving the demand for protein purification and isolation products. Biotechnology Reagents & Kits Market - The global biotechnology reagents & kits market size is expected to reach USD 1.14 trillion by 2028, registering a CAGR of 16.5% over the forecast period, according to a new report by Grand View Research, Inc. Key factors driving the market include the introduction of novel and advanced products, a rise in investments in the biotechnology sector, and increasing demand for synthetic biology. Browse through Grand View Research's Biotechnology Industry Research Reports. About Grand View Research Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc. Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] Web: Grand View Compass | Grand View Pipeline Follow Us: LinkedIn | Twitter Logo: SOURCE Grand View Research, Inc.