Near-infrared imaging market set for 4% CAGR growth through 2032

It is primarily driven by the medical sector.

The Near Infrared (NIR) Imaging market is projected to hit $ 3.1b by 2032, at a compound annual growth rate of 4.0%, according to SNS Insider.

The medical sector is the primary driver of NIR imaging’s growth. The technology is being increasingly adopted by governments and healthcare organisations for diagnostic applications, surgical guidance, and tissue analysis.

The market's expansion is further attributed to the increasing demand for non-invasive imaging techniques, which present fewer risks compared to traditional methods like X-rays and MRIs.

“According to a report by the World Health Organization in 2024, non-invasive methods are of growing importance in many developing countries where high diagnostic medical facilities may not be readily available,” the report said.