Infrared Imaging Market size is expected to grow significantly from 2020 to 2026. Thermal infrared cameras have become prevalent in the world of medicine over the past few years. Infrared imaging is a non-radiating and non-invasive tool used for analyzing physiological functions related to skin temperature. It detects and analyses thermal abnormalities that are an indication for certain diseases and software then visualize these signals into images to be seen on a monitor.
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Elevating prevalence of neurological disorders and chronic diseases like diabetes, breast cancer, prostate cancer have also increased the need for diagnostic procedures. This is expected to drive the market growth for infrared imaging over the forecast period. Moreover, the rise in the number of surgical procedures worldwide for gastrointestinal surgery, cancer surgery, and cardiovascular surgery are some of the factors that provide fuel for the infrared imaging market growth.
Recent years have seen advancements in the technological juggernaut of medical imaging. The integration of IT in the healthcare sector, especially in imaging techniques has shown to optimize the early-stage diagnosis of certain diseases like breast cancer and diabetes. Benefits of early diagnosis and timely treatment are considered prominent factors for the augmentation of the infrared imaging industry.
Based on modality, the infrared imaging market is segmented into portable and mounted. Mounted infrared imaging devices accounted for significant revenue share in 2019. This segment is expected to harness maximum share in the forecast period. Technological advancements and higher availability of mounted devices in hospitals and diagnostic centers will favor the segment growth.
Based on end-user, the infrared imaging industry is bifurcated into hospitals, diagnostic centers, specialty clinics, research laboratories, and others (airports) segments. The hospital segment is projected to witness robust growth over the analysis timeframe. The growing number of hospitals globally and increasing cases of chronic diseases are anticipated to bolster the segment growth and will provide the fuel for the infrared imaging share growth.
North America infrared imaging share dominated the industry in 2019 and the trend is likely to continue over the upcoming years. High and growing prevalence of arthritis, nerve problems, breast cancer, and booming research and development activities will drive the infrared imaging industry growth in the region.
Prominent industry players operating in the infrared imaging market share include Leica Microsystems, Stryker, InfraTec, FLIR Systems, Infrared Cameras, Spectron IR, and Quest Medical Imaging, among others. These market players putting enormous efforts in research and development activities to develop better performing and innovative infrared imaging systems. In June 2018, Infrared Cameras announced the launch of Corona Camera, a new product to better serve the infrared imaging needs.
Infrared Imaging Market, By Modality, 2015-2026 (USD Million)
Infrared Imaging Market, By End User, 2015-2026 (USD Million)
The above information is provided for the following regions and countries: