近赤外線イメージング市場 – 2030年までの世界予測

Near-Infrared Imaging Market - Global Forecast to 2030

近赤外線イメージング市場 - 製品 [イメージングシステム、プローブ、色素(有機、ナノ粒子)]、手順(がん、心臓、消化器、産婦人科)、用途(前臨床、臨床、医療)、エンドユーザー(病院、製薬、研究室)および地域 - 2030年までの世界予測
Near-infrared Imaging Market by Product (Imaging System, Probe, Dye (Organic, Nanoparticle)), Procedure (Cancer, Cardio, GI, OBGYN), Application (Preclinical, Clinical, Medical), End User (Hospital, Pharma, Research Lab) & Region - Global Forecast to 2030

商品番号 : SMB-37428

出版社MarketsandMarkets
出版年月2025年8月
ページ数289
図表数328
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

本レポートは、近赤外線イメージング市場を製品、手順、用途、エンドユーザー、地域の観点から分析しています。市場成長に影響を与える要因を網羅し、市場における様々な機会と課題を分析し、市場リーダーの競争環境の詳細を提供しています。さらに、ミクロ市場を個々の成長傾向の観点から分析しています。5つの主要地域(および各地域に属する国)における市場セグメントの収益予測も提供しています。

本レポートは、既存企業だけでなく新規参入企業や小規模企業も市場の動向を把握し、市場シェアの拡大に役立てることができます。本レポートを購入した企業は、以下の戦略のいずれか、または組み合わせて活用することで、市場でのプレゼンスを強化できます。

世界の近赤外線イメージング市場は、2025年の12億8,000万米ドルから2030年には19億9,000万米ドルに達し、予測期間中は年平均成長率(CAGR)9.3%で成長すると予測されています。手術誘導や分子イメージングのためのハイブリッド近赤外線イメージングモダリティの導入、近赤外線イメージングモダリティの技術進歩、そして世界的な外科手術件数の増加は、予測期間における市場成長を後押しする主な要因と予想されます。さらに、従来の可視化手法に対する近赤外線イメージングの利点も、近赤外線イメージングの需要増加に大きく貢献する要因となっています。

The global near IR imaging market is projected to reach USD 1.99 billion by 2030 from USD 1.28 billion in 2025, at a CAGR of 9.3% during the forecast period. The adoption of hybrid near-infrared imaging modalities for surgical guidance and molecular imaging, technological advancements in near-infrared imaging modalities, and the increasing number of surgical procedures globally are major factors anticipated to boost market growth in the forecasting years. Additionally, the advantages of near-infrared imaging over conventional visualization methods also pose as a factor that contributes enormously to the increase in demand for near-infrared imaging.

近赤外線イメージング市場 - 2030年までの世界予測
near-infrared-imaging-market-Overview

By procedure, the gastrointestinal surgeries segment accounted for the largest share of the market in 2024.

Based on procedure, the near-infrared imaging market is segmented into gastrointestinal surgeries, plastic/reconstructive surgeries, cancer surgeries, obstetrics & gynecology surgeries, cardiovascular surgeries, and other procedures. The gastrointestinal surgeries segment is further segmented into colorectal surgeries and other gastrointestinal surgeries. The rising incidence of gastrointestinal diseases such as colorectal cancer, Crohn’s disease, ulcerative colitis, and gastric tumors significantly increases the need for surgical interventions, which is expected to fuel the demand for columns in the studied period.

By application, the clinical imaging segment accounted for the largest market share in 2024.

By application, the market is segmented into medical imaging, preclinical imaging, and clinical imaging. The clinical imaging segment accounted for the largest share of the market in 2024. The growth of this segment can be attributed to the increasing adoption of this imaging modality owing to the advantages offered by this technique and advancements in fluorescence imaging for clinical applications.

The Asia Pacific region is expected to register the highest growth rate during the forecast period.

By region, the near-infrared imaging market covers North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific market is estimated to register the highest growth rate during the forecast period. The presence of a large patient population, a rising geriatric population, and a huge population base for cancer and cardiovascular disease will fuel growth in this region during the forecast period.

A breakdown of the primary participants referred to for this report is provided below:

  • By Company Type: Tier 1– 48%, Tier 2– 36%, and Tier 3– 16%
  • By Designation: Directors– 14%, C-level– 10%, and Others– 76%
  • By Region: North America– 40%, Europe– 32%, Asia Pacific– 20%, Latin America- 5%, Middle East & Africa- 3%

The prominent players in the near infrared imaging market are Stryker (US), KARL STORZ SE & Co. KG (Germany), Carl Zeiss Meditec AG (Germany), Leica Microsystems (Germany), Olympus Corporation (Japan), Shimadzu Corporation (Japan), PerkinElmer, Inc. (US), LI-COR Biotech (US), Hamamatsu Photonics K.K. (Japan), Quest Medical Imaging B.V. (Netherlands), Merck KGaA (Germany), MIZUHO Corporation (Japan), Teledyne Princeton Instruments (US), Thermo Fisher Scientific Inc. (US), FLUOPTICS SAS (Getinge, France), Medtronic (Ireland), Cayman Chemical (US), MP Biomedicals (US), Crysta-LYN Chemical Company (US), and Gowerlabs Ltd. (UK), among others.

近赤外線イメージング市場 - 2030年までの世界予測 ecosystem
near-infrared-imaging-market-Ecosystem

Research Coverage

This report studies the near-infrared imaging market based on product, procedure, application, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their individual growth trends. It forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).

Reasons to Buy the Report

The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to gain a larger market share. Firms purchasing the report could use one or a combination of the following strategies to strengthen their market presence.

This report provides insights on the following pointers:

  • Analysis of key drivers (Increasing number of surgical procedures globally, advantages of near-infrared imaging over conventional visualization methods, technological advancements in near-infrared imaging modalities, adoption of hybrid near-infrared imaging modalities for surgical guidance and molecular imaging), restraints (Lengthy approval process for near-infrared fluorophores, high initial capital and operational costs of near-infrared systems, availability of alternate technologies), opportunities (Growth potential in emerging economies, use of blockchain for distribution and storage of medical images), and challenges (Hospital budget cuts, dearth of trained professionals in emerging economies) influencing the growth of the near infrared imaging market
  • Market Penetration: Comprehensive information on the product portfolios offered by the top players in the near-infrared imaging market
  • Analytical Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and developments in the near-infrared imaging market
  • Market Development: Comprehensive information on lucrative emerging regions
  • Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the near-infrared imaging market
  • Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and services of the leading market players

Table of Contents

1               INTRODUCTION              28

1.1           STUDY OBJECTIVES       28

1.2           MARKET DEFINITION   28

1.3           STUDY SCOPE   29

1.3.1        MARKET SEGMENTATION & REGIONAL SCOPE 29

1.3.2        INCLUSIONS & EXCLUSIONS       30

1.3.3        YEARS CONSIDERED      31

1.4           CURRENCY CONSIDERED            31

1.5           MARKET STAKEHOLDERS            32

1.6           SUMMARY OF CHANGES               32

2               RESEARCH METHODOLOGY       34

2.1           RESEARCH DATA SOURCES         34

2.1.1        SECONDARY DATA          35

2.1.1.1    List of secondary sources    35

2.1.2        PRIMARY DATA SOURCES            36

2.1.2.1    List of key primary stakeholders interviewed   36

2.1.2.2    Insights from primary experts             37

2.2           MARKET ESTIMATION METHODOLOGY               39

2.2.1        APPROACH 1: COMPANY REVENUE ESTIMATION APPROACH         40

2.2.2        APPROACH 2: CUSTOMER-BASED MARKET ESTIMATION     41

2.3           MARKET FORECASTING                42

2.4           PRIMARY RESEARCH VALIDATION           43

2.5           DATA TRIANGULATION & MARKET BREAKDOWN                 44

2.6           RESEARCH ASSUMPTIONS           45

2.6.1        STUDY ASSUMPTIONS  45

2.7           RESEARCH LIMITATIONS             45

2.8           RISK ASSESSMENT           46

3               EXECUTIVE SUMMARY  47

4               PREMIUM INSIGHTS       52

4.1           NEAR-INFRARED IMAGING MARKET OVERVIEW                 52

4.2           EUROPE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT AND COUNTRY (2024)              53

4.3           NEAR-INFRARED IMAGING MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES         54

4.4           NEAR-INFRARED IMAGING MARKET: REGIONAL MIX, 2023–2030 (USD MILLION)            55

5               MARKET OVERVIEW       56

5.1           INTRODUCTION              56

5.2           MARKET DYNAMICS       56

5.2.1        DRIVERS               57

5.2.1.1    Increasing number of surgical procedures globally         57

5.2.1.2    Advantages of near-infrared imaging over conventional visualization methods           58

5.2.1.3    Technological advancements in near-infrared imaging modalities                 58

5.2.1.4    Adoption of hybrid near-infrared imaging modalities for surgical guidance and molecular imaging        59

5.2.2        RESTRAINTS      59

5.2.2.1    Lengthy approval process of near-infrared fluorophores                 59

5.2.2.2    High initial capital and operational costs of near-infrared systems                 60

5.2.2.3    Availability of alternate technologies 60

5.2.3        OPPORTUNITIES              60

5.2.3.1    Growth potential for major players in emerging economies                 60

5.2.3.2    Use of blockchain for distribution and storage of medical images                 61

5.2.4        CHALLENGES    61

5.2.4.1    Hospital budget cuts            61

5.2.4.2    Dearth of trained professionals in emerging economies                 62

5.3           REGULATORY ANALYSIS               63

5.3.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             63

5.3.2        REGULATORY LANDSCAPE         65

5.3.2.1    North America      65

5.3.2.1.1 US           65

5.3.2.1.2 Canada   67

5.3.2.2    Europe   67

5.3.2.3    Asia Pacific            68

5.3.2.3.1 Japan      68

5.3.2.3.2 China      69

5.3.2.3.3 India       70

5.3.2.4    Middle East (GCC Region)                 70

5.3.2.4.1 UAE        70

5.3.2.4.2 Saudi Arabia          70

5.3.2.5    Africa      71

5.4           REIMBURSEMENT ANALYSIS      71

5.5           VALUE CHAIN ANALYSIS               72

5.5.1        RESEARCH & DEVELOPMENT    72

5.5.2        PROCUREMENT & PRODUCT DEVELOPMENT   72

5.5.3        MARKETING, SALES, AND DISTRIBUTION            72

5.6           SUPPLY CHAIN ANALYSIS             73

5.6.1        PROMINENT COMPANIES            73

5.6.2        SMALL & MEDIUM-SIZED ENTERPRISES 73

5.6.3        END USERS         74

5.7           ECOSYSTEM ANALYSIS  74

5.8           PORTER’S FIVE FORCES ANALYSIS           76

5.8.1        INTENSITY OF COMPETITIVE RIVALRY 77

5.8.2        BARGAINING POWER OF SUPPLIERS       77

5.8.3        BARGAINING POWER OF BUYERS             77

5.8.4        THREAT OF SUBSTITUTES          77

5.8.5        THREAT OF NEW ENTRANTS      78

5.9           KEY STAKEHOLDERS & BUYING CRITERIA            78

5.9.1        KEY STAKEHOLDERS IN BUYING PROCESS           78

5.9.2        KEY BUYING CRITERIA  79

5.10         TRADE ANALYSIS             80

5.10.1      IMPORT DATA FOR NEAR-INFRARED IMAGING PRODUCTS (HS CODE 902750)    80

5.10.2      EXPORT DATA FOR NEAR-INFRARED IMAGING PRODUCTS (HS CODE 902750)    81

5.11         PATENT ANALYSIS          82

5.12         PRICING ANALYSIS          85

5.12.1      AVERAGE SELLING PRICE OF NEAR-INFRARED IMAGING PRODUCTS, BY TYPE     85

5.12.2      AVERAGE SELLING PRICE OF NEAR-INFRARED IMAGING PRODUCTS,

BY KEY PLAYER 86

5.12.3      AVERAGE SELLING PRICE OF NEAR-INFRARED IMAGING PRODUCTS,

BY REGION         87

5.13         TECHNOLOGY ANALYSIS             89

5.13.1      KEY TECHNOLOGIES     89

5.13.1.1  InGaAs (Indium Gallium Arsenide) detectors 89

5.13.1.2  CMOS sensors      90

5.13.1.3  Hyperspectral imaging         90

5.13.2      COMPLEMENTARY TECHNOLOGIES       90

5.13.2.1  Image processing software  90

5.13.2.2  Optical coherence tomography (OCT)             90

5.13.2.3  Raman spectroscopy             91

5.13.3      ADJACENT TECHNOLOGIES       91

5.13.3.1  SWIR (short-wave infrared) imaging                91

5.13.3.2  Thermal imaging  91

5.13.3.3  UV-VIS-NIR spectroscopy 91

5.14         CASE STUDY ANALYSIS 92

5.14.1      TECHNOLOGICAL CHALLENGES              92

5.14.2      LOWERING DEPENDENCE ON CONTRACT MANUFACTURING          93

5.15         KEY CONFERENCES & EVENTS, 2025–2026              93

5.16         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES       94

5.17         INVESTMENT & FUNDING SCENARIO     95

5.18         UNMET NEEDS ANALYSIS             96

5.19         IMPACT OF GENERATIVE AI ON NEAR-INFRARED IMAGING MARKET           97

5.20         IMPACT OF 2025 US TARIFFS ON NEAR-INFRARED IMAGING MARKET           98

5.20.1      KEY TARIFF RATES          99

5.20.2      PRICE IMPACT ANALYSIS             100

5.20.3      PRICE IMPACT ON COUNTRY/REGION  100

5.20.3.1  US           100

5.20.3.2  Europe   101

5.20.3.3  Asia Pacific            101

5.20.4      IMPACT ON COUNTRY/REGION                101

5.20.4.1  US           101

5.20.4.2  Europe   101

5.20.4.3  Asia Pacific            102

5.20.5      IMPACT ON END-USE INDUSTRIES          102

6               NEAR-INFRARED IMAGING MARKET, BY PRODUCT                 103

6.1           INTRODUCTION              104

6.2           DEVICES              104

6.2.1        FLUORESCENCE IMAGING SYSTEMS       107

6.2.1.1    Higher sensitivity and better real-time image guidance during surgeries to drive market     107

6.2.2        FLUORESCENCE & BIOLUMINESCENCE IMAGING SYSTEMS              108

6.2.2.1    Better sensitivity and higher efficiency at lower costs to drive market    108

6.3           AGENTS/PROBES             109

6.3.1        INDOCYANINE GREEN  112

6.3.1.1    Increasing utilization of small organic probes in near-infrared imaging to drive segmental growth    112

6.3.2        OTHER REAGENTS          113

6.4           DYES     113

6.4.1        ORGANIC DYES 116

6.4.1.1    Unique molecular structure and better compatibility with biological systems to support market growth   116

6.4.2        NANOPARTICLE DYES   117

6.4.2.1    Better brightness and enhanced signal intensity compared to organic dyes to boost adoption           117

7               NEAR-INFRARED IMAGING MARKET, BY PROCEDURE                 118

7.1           INTRODUCTION              119

7.2           CANCER SURGERIES       119

7.2.1        BRAIN CANCER/TUMOR SURGERIES       121

7.2.1.1    Advancements in surgical navigation using NIR-I/II fluorescence imaging to drive market growth         121

7.2.2        OTHER CANCER SURGERIES       122

7.3           GASTROINTESTINAL SURGERIES              122

7.3.1        COLORECTAL SURGERIES           124

7.3.1.1    Advancements in treatment strategies and procedures to support market growth       124

7.3.2        OTHER GASTROINTESTINAL SURGERIES              125

7.4           CARDIOVASCULAR SURGERIES 126

7.4.1        RISING PREVALENCE OF CARDIOVASCULAR DISEASES AMONG ALL AGE GROUPS TO DRIVE MARKET GROWTH                 126

7.5           PLASTIC/RECONSTRUCTIVE SURGERIES              127

7.5.1        RISING NUMBER OF RECONSTRUCTIVE SURGERIES GLOBALLY TO BOOST MARKET                127

7.6           OBSTETRICS & GYNECOLOGY SURGERIES           129

7.6.1        INCREASED NUMBER OF CLINICAL TRIALS AND IMPROVED TISSUE CONTRAST DURING SURGERIES TO CONTRIBUTE TO GROWTH         129

7.7           OTHER PROCEDURES    130

8               NEAR-INFRARED IMAGING MARKET, BY APPLICATION                 131

8.1           INTRODUCTION              132

8.2           PRECLINICAL IMAGING                 132

8.2.1        GROWING FOCUS ON DEVELOPING NEW TREATMENTS FOR CHRONIC DISEASES TO DRIVE MARKET      132

8.3           CLINICAL IMAGING        133

8.3.1        INCREASING USE OF NEAR-INFRARED IMAGING FOR REAL-TIME VISUALIZATION DURING SURGERIES TO FUEL GROWTH             133

8.4           MEDICAL IMAGING        134

8.4.1        GROWING APPLICATIONS OF FLUORESCENCE IMAGING SINGLE-CELL TRACKING FOR STUDYING IMMUNE SYSTEM TO DRIVE MARKET        134

9               NEAR-INFRARED IMAGING MARKET, BY END USER                 136

9.1           INTRODUCTION              137

9.2           HOSPITALS & SURGICAL CLINICS             137

9.2.1        RISING NUMBER OF CANCER AND RECONSTRUCTIVE SURGERIES TO DRIVE MARKET GROWTH             137

9.3           PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES                 138

9.3.1        GROWING PRECLINICAL RESEARCH AND DRUG DISCOVERY TO BOOST GROWTH             138

9.4           RESEARCH LABORATORIES & ACADEMIC INSTITUTES                 139

9.4.1        FUNDING FROM GOVERNMENT ORGANIZATIONS FOR BIOMEDICAL RESEARCH TO SUPPORT MARKET GROWTH                 139

9.5           OTHER END USERS         141

10            NEAR-INFRARED IMAGING MARKET, BY REGION                 142

10.1         INTRODUCTION              143

10.2         NORTH AMERICA             143

10.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA                 143

10.2.2      US           148

10.2.2.1  Advanced healthcare infrastructure and favorable regulations to drive market          148

10.2.3      CANADA               150

10.2.3.1  Increased availability of research funding to drive market                 150

10.3         EUROPE               152

10.3.1      MACROECONOMIC OUTLOOK FOR EUROPE      152

10.3.2      GERMANY           157

10.3.2.1  Increasing healthcare expenditure and government spending to drive market growth             157

10.3.3      FRANCE                159

10.3.3.1  Increasing target patient population and rising number of diagnostic tests for chronic diseases to boost market     159

10.3.4      UK          161

10.3.4.1  Growing government initiatives and increasing incidence of chronic diseases to support growth   161

10.3.5      ITALY    164

10.3.5.1  Increased availability of reimbursement coverage for diagnostic procedures to fuel growth   164

10.3.6      SPAIN    165

10.3.6.1  Increasing prevalence of cancer and growing private-public funding to propel growth    165

10.3.7      REST OF EUROPE             167

10.4         ASIA PACIFIC     169

10.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC                 169

10.4.2      CHINA  175

10.4.2.1  Increasing healthcare reforms and government investments to drive market          175

10.4.3      JAPAN   177

10.4.3.1  Fast adoption of advanced technologies and growth in geriatric population to boost market 177

10.4.4      INDIA    179

10.4.4.1  Increasing number of diagnostic procedures and improving healthcare infrastructure to drive market         179

10.4.5      AUSTRALIA         181

10.4.5.1  Growing healthcare spending and increasing investments in research to fuel growth        181

10.4.6      SOUTH KOREA  183

10.4.6.1  Presence of advanced healthcare system and increased awareness about diseases to contribute to growth              183

10.4.7      REST OF ASIA PACIFIC   185

10.5         LATIN AMERICA                187

10.5.1      MACROECONOMIC OUTLOOK FOR LATIN AMERICA                 187

10.5.2      BRAZIL 192

10.5.2.1  Greater purchasing power and more favorable demographic conditions to boost growth 192

10.5.3      MEXICO                193

10.5.3.1  Increased medical tourism and better government healthcare initiatives to drive market   193

10.5.4      REST OF LATIN AMERICA             195

10.6         MIDDLE EAST & AFRICA                197

10.6.1      MACROECONOMIC OUTLOOK FOR MIDDLE EAST & AFRICA 197

10.6.2      GCC COUNTRIES              202

10.6.2.1  Supportive government initiatives to aid market growth                 202

10.6.3      REST OF MIDDLE EAST & AFRICA             204

11            COMPETITIVE LANDSCAPE         206

11.1         OVERVIEW          206

11.2         KEY PLAYER STRATEGY/RIGHT TO WIN                206

11.2.1      OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN NEAR-INFRARED IMAGING MARKET 206

11.3         REVENUE ANALYSIS, 2020−2024                 208

11.4         MARKET SHARE ANALYSIS, 2024                 208

11.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 210

11.5.1      STARS   210

11.5.2      EMERGING LEADERS     211

11.5.3      PERVASIVE PLAYERS      211

11.5.4      PARTICIPANTS 211

11.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         213

11.5.5.1  Company footprint               213

11.5.5.2  Region footprint   214

11.5.5.3  Product footprint  215

11.5.5.4  Procedure footprint              216

11.5.5.5  Application footprint            217

11.5.5.6  End-user footprint                218

11.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        219

11.6.1      PROGRESSIVE COMPANIES         219

11.6.2      RESPONSIVE COMPANIES            219

11.6.3      DYNAMIC COMPANIES  219

11.6.4      STARTING BLOCKS         219

11.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 221

11.6.5.1  Detailed list of key startups/SMEs    221

11.6.5.2  Competitive benchmarking of key emerging players/startups                 222

11.7         COMPANY VALUATION & FINANCIAL METRICS 223

11.7.1      FINANCIAL METRICS      223

11.7.2      COMPANY VALUATION 223

11.8         BRAND/PRODUCT COMPARISON             224

11.9         COMPETITIVE SCENARIO             225

11.9.1      PRODUCT LAUNCHES   225

11.9.2      DEALS  226

11.9.3      EXPANSIONS     227

12            COMPANY PROFILES      228

12.1         KEY PLAYERS     228

12.1.1      STRYKER              228

12.1.1.1  Business overview 228

12.1.1.2  Products offered   229

12.1.1.3  Recent developments           230

12.1.1.3.1                Product launches  230

12.1.1.3.2                Deals      231

12.1.1.4  MnM view              231

12.1.1.4.1                Right to win           231

12.1.1.4.2                Strategic choices   231

12.1.1.4.3                Weaknesses & competitive threats     231

12.1.2      CARL ZEISS MEDITEC AG              232

12.1.2.1  Business overview 232

12.1.2.2  Products offered   233

12.1.2.3  Recent developments           234

12.1.2.3.1                Product launches  234

12.1.2.3.2                Deals      234

12.1.2.3.3                Expansions             234

12.1.2.4  MnM view              235

12.1.2.4.1                Right to win           235

12.1.2.4.2                Strategic choices   235

12.1.2.4.3                Weaknesses & competitive threats     235

12.1.3      PERKINELMER, INC.        236

12.1.3.1  Business overview 236

12.1.3.2  Products offered   236

12.1.3.3  Recent developments           237

12.1.3.3.1                Expansions             237

12.1.4      OLYMPUS CORPORATION           238

12.1.4.1  Business overview 238

12.1.4.2  Products offered   239

12.1.4.3  Recent developments           240

12.1.4.3.1                Product launches  240

12.1.4.3.2                Deals      240

12.1.4.3.3                Expansions             240

12.1.4.4  MnM view              241

12.1.4.4.1                Right to win           241

12.1.4.4.2                Strategic choices   241

12.1.4.4.3                Weaknesses & competitive threats     241

12.1.5      LEICA MICROSYSTEMS  242

12.1.5.1  Business overview 242

12.1.5.2  Products offered   243

12.1.5.3  Recent developments           244

12.1.5.3.1                Deals      244

12.1.5.3.2                Expansions             244

12.1.5.4  MnM view              244

12.1.5.4.1                Right to win           244

12.1.5.4.2                Strategic choices   244

12.1.5.4.3                Weaknesses & competitive threats     245

12.1.6      KARL STORZ SE & CO. KG             246

12.1.6.1  Business overview 246

12.1.6.2  Products offered   246

12.1.6.3  MnM view              247

12.1.6.3.1                Right to win           247

12.1.6.3.2                Strategic choices   247

12.1.6.3.3                Weaknesses & competitive threats     247

12.1.7      SHIMADZU CORPORATION         248

12.1.7.1  Business overview 248

12.1.7.2  Products offered   249

12.1.7.3  Recent developments           250

12.1.7.3.1                Product launches  250

12.1.7.3.2                Deals      250

12.1.7.3.3                Expansions             250

12.1.8      LI-COR BIOTECH, LLC   251

12.1.8.1  Business overview 251

12.1.8.2  Products offered   251

12.1.8.3  Recent developments           252

12.1.8.3.1                Product launches  252

12.1.9      HAMAMATSU PHOTONICS K.K. 253

12.1.9.1  Business overview 253

12.1.9.2  Products offered   254

12.1.9.3  Recent developments           255

12.1.9.3.1                Expansions             255

12.1.10   QUEST MEDICAL IMAGING B.V. 256

12.1.10.1                 Business overview 256

12.1.10.2                 Products offered   256

12.1.11   MERCK KGAA (SIGMA-ALDRICH)              257

12.1.11.1                 Business overview 257

12.1.11.2                 Products offered   258

12.1.11.3                 Recent developments           259

12.1.11.3.1             Expansions             259

12.1.12   MIZUHO MEDICAL CO., LTD.      260

12.1.12.1                 Business overview 260

12.1.12.2                 Products offered   260

12.1.13   TELEDYNE PRINCETON INSTRUMENTS                 261

12.1.13.1                 Business overview 261

12.1.13.2                 Products offered   262

12.1.14   THERMO FISHER SCIENTIFIC INC.            263

12.1.14.1                 Business overview 263

12.1.14.2                 Products offered   264

12.1.15   FLUOPTICS SAS (PART OF GETINGE)     265

12.1.15.1                 Business overview 265

12.1.15.2                 Products offered   265

12.1.16   MEDTRONIC      266

12.1.16.1                 Business overview 266

12.1.16.2                 Products offered   266

12.1.17   CAYMAN CHEMICAL       267

12.1.17.1                 Business overview 267

12.1.17.2                 Products offered   267

12.1.18   MP BIOMEDICALS           268

12.1.18.1                 Business overview 268

12.1.18.2                 Products offered   268

12.1.19   CRYSTA-LYN CHEMICAL COMPANY        269

12.1.19.1                 Business overview 269

12.1.19.2                 Products offered   269

12.1.20   GOWERLABS LTD.           270

12.1.20.1                 Business overview 270

12.1.20.2                 Products offered   270

12.2         OTHER PLAYERS              271

12.2.1      NIRX MEDICAL TECHNOLOGIES, LLC     271

12.2.2      EXOSENS (XENICS NV)   272

12.2.3      BIOTIUM             273

12.2.4      TOKYO CHEMICAL INDUSTRY (INDIA) PVT. LTD.                 274

12.2.5      AAT BIOQUEST, INC.      275

12.2.6      OXFORD INSTRUMENTS               276

12.2.7      MOTHERSON     277

12.2.8      PHOTON ETC    278

12.2.9      SOTERIX MEDICAL INC.                 279

12.2.10   KERNEL                280

13            APPENDIX           281

13.1         DISCUSSION GUIDE        281

13.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                285

13.3         CUSTOMIZATION OPTIONS        287

13.4         RELATED REPORTS         287

13.5         AUTHOR DETAILS           288

LIST OF TABLES

TABLE 1                ADVANTAGES OF NEAR-INFRARED IMAGING OVER CONVENTIONAL VISUALIZATION METHODS        58

TABLE 2                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  63

TABLE 3                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           63

TABLE 4                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 5                LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  64

TABLE 6                MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  65

TABLE 7                US: APPROVED IMAGING DEVICES BY FDA                 65

TABLE 8                US FDA: MEDICAL DEVICE CLASSIFICATION                 66

TABLE 9                US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS              66

TABLE 10              CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS      67

TABLE 11              JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA   68

TABLE 12              CHINA: CLASSIFICATION OF MEDICAL DEVICES                 69

TABLE 13              MEDICAL REIMBURSEMENT CPT CODES FOR NEAR-INFRARED PROCEDURES

IN US (2025)        71

TABLE 14              NEAR-INFRARED IMAGING MARKET: ROLE IN ECOSYSTEM       75

TABLE 15              NEAR-INFRARED IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS 76

TABLE 16              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF NEAR-INFRARED IMAGING PRODUCTS       79

TABLE 17              KEY BUYING CRITERIA FOR NEAR-INFRARED IMAGING PRODUCTS     79

TABLE 18              IMPORT DATA FOR NEAR-INFRARED IMAGING PRODUCTS (HS CODE 902750),

BY COUNTRY, 2020−2024 (USD)                80

TABLE 19              EXPORT DATA FOR NEAR-INFRARED IMAGING PRODUCTS (HS CODE 902750),

BY COUNTRY, 2020−2024 (USD)                81

TABLE 20              AVERAGE SELLING PRICE OF TOP NIR PRODUCTS, BY KEY PLAYER, 2024 (USD)               86

TABLE 21              AVERAGE SELLING PRICE TREND OF NEAR-INFRARED IMAGING PRODUCTS,

BY REGION, 2022–2024    87

TABLE 22              CASE STUDY 1: MAINTAINING STRONG FOCUS ON TECHNOLOGICAL INNOVATION AND ADDRESSING REGULATORY COMPLIANCE      92

TABLE 23              CASE STUDY 2: PROVIDING TRAINING AND EDUCATION AND KEEPING

UP WITH EVOLVING SURGICAL TECHNIQUES   93

TABLE 24              NEAR-INFRARED IMAGING MARKET: DETAILED LIST OF MAJOR

CONFERENCES & EVENTS            93

TABLE 25              NEAR-INFRARED IMAGING MARKET: CURRENT UNMET NEEDS 96

TABLE 26              US-ADJUSTED RECIPROCAL TARIFF RATES (AS OF AUGUST, 2025)            99

TABLE 27              NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2023–2030 (USD MILLION)     104

TABLE 28              NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE, 2023–2030 (USD MILLION)         104

TABLE 29              NEAR-INFRARED IMAGING DEVICES MARKET, BY REGION,

2023–2030 (USD MILLION)            105

TABLE 30              NEAR-INFRARED IMAGING DEVICES MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            105

TABLE 31              NEAR-INFRARED IMAGING DEVICES MARKET, BY PROCEDURE,

2023–2030 (USD MILLION)            106

TABLE 32              NEAR-INFRARED IMAGING DEVICES MARKET, BY END USER,

2023–2030 (USD MILLION)            106

TABLE 33              NEAR-INFRARED IMAGING DEVICES MARKET FOR FLUORESCENCE IMAGING SYSTEMS, BY REGION, 2023–2030 (USD MILLION) 108

TABLE 34              NEAR-INFRARED IMAGING DEVICES MARKET FOR FLUORESCENCE & BIOLUMINESCENCE IMAGING SYSTEMS, BY REGION, 2023–2030 (USD MILLION)   109

TABLE 35              NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            110

TABLE 36              NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY REGION,

2023–2030 (USD MILLION)            110

TABLE 37              NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            110

TABLE 38              NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY PROCEDURE,

2023–2030 (USD MILLION)            111

TABLE 39              NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY END USER,

2023–2030 (USD MILLION)            111

TABLE 40              NEAR-INFRARED IMAGING AGENTS/PROBES MARKET FOR INDOCYANINE GREEN, BY REGION, 2023–2030 (USD MILLION) 112

TABLE 41              NEAR-INFRARED IMAGING AGENTS/PROBES MARKET FOR OTHER REAGENTS,

BY REGION, 2023–2030 (USD MILLION)   113

TABLE 42              NEAR-INFRARED IMAGING DYES MARKET, BY TYPE, 2023–2030 (USD MILLION)                114

TABLE 43              NEAR-INFRARED IMAGING DYES MARKET, BY REGION, 2023–2030 (USD MILLION)          114

TABLE 44              NEAR-INFRARED IMAGING DYES MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            114

TABLE 45              NEAR-INFRARED IMAGING DYES MARKET, BY PROCEDURE,

2023–2030 (USD MILLION)            115

TABLE 46              NEAR-INFRARED IMAGING DYES MARKET, BY END USER,

2023–2030 (USD MILLION)            115

TABLE 47              NEAR-INFRARED IMAGING DYES MARKET FOR ORGANIC DYES, BY REGION,

2023–2030 (USD MILLION)            116

TABLE 48              NEAR-INFRARED IMAGING DYES MARKET FOR NANOPARTICLE DYES,

BY REGION, 2023–2030 (USD MILLION)   117

TABLE 49              NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2023–2030 (USD MILLION)                119

TABLE 50              NEAR-INFRARED IMAGING MARKET FOR CANCER SURGERIES, BY TYPE,

2023–2030 (USD MILLION)            120

TABLE 51              NEAR-INFRARED IMAGING MARKET FOR CANCER SURGERIES, BY REGION,

2023–2030 (USD MILLION)            120

TABLE 52              NEAR-INFRARED IMAGING MARKET FOR BRAIN CANCER/TUMOR SURGERIES,

BY REGION, 2023–2030 (USD MILLION)   121

TABLE 53              NEAR-INFRARED IMAGING MARKET FOR OTHER CANCER SURGERIES,

BY REGION, 2023–2030 (USD MILLION)   122

TABLE 54              NEAR-INFRARED IMAGING MARKET FOR GASTROINTESTINAL SURGERIES,

BY TYPE, 2023–2030 (USD MILLION)         123

TABLE 55              NEAR-INFRARED IMAGING MARKET FOR GASTROINTESTINAL SURGERIES,

BY REGION, 2023–2030 (USD MILLION)   124

TABLE 56              NEAR-INFRARED IMAGING MARKET FOR COLORECTAL SURGERIES, BY REGION, 2023–2030 (USD MILLION)            125

TABLE 57              NEAR-INFRARED IMAGING MARKET FOR OTHER GASTROINTESTINAL SURGERIES, BY REGION, 2023–2030 (USD MILLION) 126

TABLE 58              NEAR-INFRARED IMAGING MARKET FOR CARDIOVASCULAR SURGERIES,

BY REGION, 2023–2030 (USD MILLION)   127

TABLE 59              NEAR-INFRARED IMAGING MARKET FOR PLASTIC/RECONSTRUCTIVE SURGERIES, BY REGION, 2023–2030 (USD MILLION) 128

TABLE 60              NEAR-INFRARED IMAGING MARKET FOR OBSTETRICS & GYNECOLOGY SURGERIES, BY REGION, 2023–2030 (USD MILLION)       129

TABLE 61              NEAR-INFRARED IMAGING MARKET FOR OTHER PROCEDURES, BY REGION,

2023–2030 (USD MILLION)            130

TABLE 62              NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2023–2030 (USD MILLION)              132

TABLE 63              NEAR-INFRARED IMAGING MARKET FOR PRECLINICAL IMAGING APPLICATIONS,

BY REGION, 2023–2030 (USD MILLION)   133

TABLE 64              NEAR-INFRARED IMAGING MARKET FOR CLINICAL IMAGING APPLICATIONS,

BY REGION, 2023–2030 (USD MILLION)   134

TABLE 65              NEAR-INFRARED IMAGING MARKET FOR MEDICAL IMAGING APPLICATIONS,

BY REGION, 2023–2030 (USD MILLION)   135

TABLE 66              NEAR-INFRARED IMAGING MARKET, BY END USER, 2023–2030 (USD MILLION)                137

TABLE 67              NEAR-INFRARED IMAGING MARKET FOR HOSPITALS & SURGICAL CLINICS,

BY REGION, 2023–2030 (USD MILLION)   138

TABLE 68              NEAR-INFRARED IMAGING MARKET FOR PHARMACEUTICAL & BIOPHARMACEUTICAL COMPANIES, BY REGION, 2023–2030 (USD MILLION)          139

TABLE 69              NEAR-INFRARED IMAGING MARKET FOR RESEARCH LABORATORIES & ACADEMIC INSTITUTES, BY REGION, 2023–2030 (USD MILLION)          140

TABLE 70              NEAR-INFRARED IMAGING MARKET FOR OTHER END USERS, BY REGION,

2023–2030 (USD MILLION)            141

TABLE 71              NEAR-INFRARED IMAGING MARKET, BY REGION, 2023–2030 (USD MILLION)          143

TABLE 72              NORTH AMERICA: KEY MACROINDICATORS                 144

TABLE 73              NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY COUNTRY,

2023–2030 (USD MILLION)            145

TABLE 74              NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            145

TABLE 75              NORTH AMERICA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            146

TABLE 76              NORTH AMERICA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         146

TABLE 77              NORTH AMERICA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            146

TABLE 78              NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            147

TABLE 79              NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE,

2023–2030 (USD MILLION)            147

TABLE 80              NORTH AMERICA: NEAR-INFRARED IMAGING MARKET, BY END USER,

2023–2030 (USD MILLION)            148

TABLE 81              US: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2023–2030 (USD MILLION)     149

TABLE 82              US: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            149

TABLE 83              US: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            150

TABLE 84              US: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            150

TABLE 85              CANADA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            151

TABLE 86              CANADA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            151

TABLE 87              CANADA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            152

TABLE 88              CANADA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            152

TABLE 89              EUROPE: KEY MACROINDICATORS          153

TABLE 90              EUROPE: NEAR-INFRARED IMAGING MARKET, BY COUNTRY,

2023–2030 (USD MILLION)            153

TABLE 91              EUROPE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            154

TABLE 92              EUROPE: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            154

TABLE 93              EUROPE: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         154

TABLE 94              EUROPE: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            155

TABLE 95              EUROPE: NEAR-INFRARED IMAGING MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            155

TABLE 96              EUROPE: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE,

2023–2030 (USD MILLION)            156

TABLE 97              EUROPE: NEAR-INFRARED IMAGING MARKET, BY END USER,

2023–2030 (USD MILLION)            156

TABLE 98              GERMANY: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            157

TABLE 99              GERMANY: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            158

TABLE 100            GERMANY: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            158

TABLE 101            GERMANY: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            158

TABLE 102            FRANCE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            159

TABLE 103            FRANCE: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            160

TABLE 104            FRANCE: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            160

TABLE 105            FRANCE: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            160

TABLE 106            UK: NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2023–2030 (USD MILLION)     161

TABLE 107            UK: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            161

TABLE 108            UK: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            162

TABLE 109            UK: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            162

TABLE 110            UK: NUMBER OF FLUOROSCOPY IMAGING ACTIVITIES, 2012–2024    163

TABLE 111            ITALY: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            164

TABLE 112            ITALY: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            164

TABLE 113            ITALY: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         165

TABLE 114            ITALY: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            165

TABLE 115            SPAIN: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            166

TABLE 116            SPAIN: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            166

TABLE 117            SPAIN: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            167

TABLE 118            SPAIN: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            167

TABLE 119            REST OF EUROPE: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            168

TABLE 120            REST OF EUROPE: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            168

TABLE 121            REST OF EUROPE: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         168

TABLE 122            REST OF EUROPE: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            169

TABLE 123            ASIA PACIFIC: MACROECONOMIC INDICATORS                 170

TABLE 124            ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY COUNTRY,

2023–2030 (USD MILLION)            172

TABLE 125            ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            172

TABLE 126            ASIA PACIFIC: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            173

TABLE 127            ASIA PACIFIC: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         173

TABLE 128            ASIA PACIFIC: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            173

TABLE 129            ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            174

TABLE 130            ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE,

2023–2030 (USD MILLION)            174

TABLE 131            ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY END USER,

2023–2030 (USD MILLION)            175

TABLE 132            CHINA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            176

TABLE 133            CHINA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            176

TABLE 134            CHINA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         176

TABLE 135            CHINA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            177

TABLE 136            JAPAN: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            178

TABLE 137            JAPAN: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            178

TABLE 138            JAPAN: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            179

TABLE 139            JAPAN: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            179

TABLE 140            INDIA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            180

TABLE 141            INDIA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            180

TABLE 142            INDIA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         181

TABLE 143            INDIA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            181

TABLE 144            AUSTRALIA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            182

TABLE 145            AUSTRALIA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            182

TABLE 146            AUSTRALIA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         183

TABLE 147            AUSTRALIA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            183

TABLE 148            SOUTH KOREA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            184

TABLE 149            SOUTH KOREA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            184

TABLE 150            SOUTH KOREA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         184

TABLE 151            SOUTH KOREA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            185

TABLE 152            REST OF ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            186

TABLE 153            REST OF ASIA PACIFIC: NEAR-INFRARED IMAGING DEVICES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         186

TABLE 154            REST OF ASIA PACIFIC: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         186

TABLE 155            REST OF ASIA PACIFIC: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            187

TABLE 156            LATIN AMERICA: KEY MACROINDICATORS                 188

TABLE 157            LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY COUNTRY,

2023–2030 (USD MILLION)            188

TABLE 158            LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            189

TABLE 159            LATIN AMERICA: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            189

TABLE 160            LATIN AMERICA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         189

TABLE 161            LATIN AMERICA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            190

TABLE 162            LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            190

TABLE 163            LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE,

2023–2030 (USD MILLION)            191

TABLE 164            LATIN AMERICA: NEAR-INFRARED IMAGING MARKET, BY END USER,

2023–2030 (USD MILLION)            191

TABLE 165            BRAZIL: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            192

TABLE 166            BRAZIL: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            192

TABLE 167            BRAZIL: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         193

TABLE 168            BRAZIL: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            193

TABLE 169            MEXICO: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            194

TABLE 170            MEXICO: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            194

TABLE 171            MEXICO: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE,

2023–2030 (USD MILLION)            194

TABLE 172            MEXICO: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            195

TABLE 173            REST OF LATIN AMERICA: NEAR-INFRARED IMAGING MARKET,

BY PRODUCT, 2023–2030 (USD MILLION)               196

TABLE 174            REST OF LATIN AMERICA: NEAR-INFRARED IMAGING DEVICES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         196

TABLE 175            REST OF LATIN AMERICA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE, 2023–2030 (USD MILLION)            196

TABLE 176            REST OF LATIN AMERICA: NEAR-INFRARED IMAGING DYES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         197

TABLE 177            MIDDLE EAST & AFRICA: KEY MACROINDICATORS      198

TABLE 178            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY REGION,

2023–2030 (USD MILLION)            198

TABLE 179            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            199

TABLE 180            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING DEVICES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         199

TABLE 181            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         199

TABLE 182            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE, 2023–2030 (USD MILLION)                 200

TABLE 183            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY APPLICATION, 2023–2030 (USD MILLION)                 200

TABLE 184            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY PROCEDURE, 2023–2030 (USD MILLION)                 201

TABLE 185            MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET, BY END USER, 2023–2030 (USD MILLION)                 201

TABLE 186            GCC COUNTRIES: NEAR-INFRARED IMAGING MARKET, BY PRODUCT,

2023–2030 (USD MILLION)            202

TABLE 187            GCC COUNTRIES: NEAR-INFRARED IMAGING DEVICES MARKET, BY TYPE,

2023–2030 (USD MILLION)            203

TABLE 188            GCC COUNTRIES: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         203

TABLE 189            GCC COUNTRIES: NEAR-INFRARED IMAGING DYES MARKET, BY TYPE,

2023–2030 (USD MILLION)            203

TABLE 190            REST OF MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING MARKET,

BY PRODUCT, 2023–2030 (USD MILLION)               204

TABLE 191            REST OF MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING DEVICES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         204

TABLE 192            REST OF MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING AGENTS/PROBES MARKET, BY TYPE, 2023–2030 (USD MILLION)       205

TABLE 193            REST OF MIDDLE EAST & AFRICA: NEAR-INFRARED IMAGING DYES MARKET,

BY TYPE, 2023–2030 (USD MILLION)         205

TABLE 194            OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN NEAR-INFRARED IMAGING MARKET              206

TABLE 195            NEAR-INFRARED IMAGING MARKET: DEGREE OF COMPETITION           209

TABLE 196            NEAR-INFRARED IMAGING MARKET: REGION FOOTPRINT       214

TABLE 197            NEAR-INFRARED IMAGING MARKET: PRODUCT FOOTPRINT       215

TABLE 198            NEAR-INFRARED IMAGING MARKET: PROCEDURE FOOTPRINT            216

TABLE 199            NEAR-INFRARED IMAGING MARKET: APPLICATION FOOTPRINT         217

TABLE 200            NEAR-INFRARED IMAGING MARKET: END-USER FOOTPRINT       218

TABLE 201            NEAR-INFRARED IMAGING MARKET: DETAILED LIST OF KEY STARTUPS/SMES   221

TABLE 202            NEAR-INFRARED IMAGING MARKET: COMPETITIVE BENCHMARKING OF KEY EMERGING PLAYERS/STARTUPS      222

TABLE 203            NEAR-INFRARED IMAGING MARKET: PRODUCT LAUNCHES,

JANUARY 2021–JULY 2025               225

TABLE 204            NEAR-INFRARED IMAGING MARKET: DEALS, JANUARY 2021–JULY 2025               226

TABLE 205            NEAR-INFRARED IMAGING MARKET: EXPANSIONS, JANUARY 2021–JULY 2025  227

TABLE 206            STRYKER: COMPANY OVERVIEW               228

TABLE 207            STRYKER: PRODUCTS OFFERED                229

TABLE 208            STRYKER: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025  230

TABLE 209            STRYKER: DEALS, JANUARY 2021–JULY 2025                 231

TABLE 210            CARL ZEISS MEDITEC GROUP: COMPANY OVERVIEW          232

TABLE 211            CARL ZEISS MEDITEC GROUP: PRODUCTS OFFERED             233

TABLE 212            CARL ZEISS MEDITEC GROUP: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025     234

TABLE 213            CARL ZEISS MEDITEC GROUP: DEALS, JANUARY 2021–JULY 2025  234

TABLE 214            CARL ZEISS MEDITEC GROUP: EXPANSIONS, JANUARY 2021–JULY 2025               234

TABLE 215            PERKINELMER, INC.: COMPANY OVERVIEW                 236

TABLE 216            PERKINELMER, INC.: PRODUCTS OFFERED                 236

TABLE 217            PERKINELMER, INC.: EXPANSIONS, JANUARY 2021–JULY 2025  237

TABLE 218            OLYMPUS CORPORATION: COMPANY OVERVIEW          238

TABLE 219            OLYMPUS CORPORATION: PRODUCTS OFFERED             239

TABLE 220            OLYMPUS CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025     240

TABLE 221            OLYMPUS CORPORATION: DEALS, JANUARY 2021–JULY 2025  240

TABLE 222            OLYMPUS CORPORATION: EXPANSIONS, JANUARY 2021–JULY 2025               240

TABLE 223            LEICA MICROSYSTEMS: COMPANY OVERVIEW                 242

TABLE 224            LEICA MICROSYSTEMS: PRODUCTS OFFERED                 243

TABLE 225            LEICA MICROSYSTEMS: DEALS, JANUARY 2021–JULY 2025             244

TABLE 226            LEICA MICROSYSTEMS: EXPANSIONS, JANUARY 2021–JULY 2025  244

TABLE 227            KARL STORZ SE & CO. KG: COMPANY OVERVIEW                 246

TABLE 228            KARL STORZ SE & CO. KG: PRODUCTS OFFERED                 246

TABLE 229            SHIMADZU CORPORATION: COMPANY OVERVIEW          248

TABLE 230            SHIMADZU CORPORATION: PRODUCTS OFFERED             249

TABLE 231            SHIMADZU CORPORATION: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025     250

TABLE 232            SHIMADZU CORPORATION: DEALS, JANUARY 2021–JULY 2025  250

TABLE 233            SHIMADZU CORPORATION: EXPANSIONS, JANUARY 2021–JULY 2025               250

TABLE 234            LI-COR BIOTECH, LLC: COMPANY OVERVIEW                 251

TABLE 235            LI-COR BIOTECH, LLC: PRODUCTS OFFERED                 251

TABLE 236            LI-COR BIOTECH, LLC: PRODUCT LAUNCHES, JANUARY 2021–JULY 2025               252

TABLE 237            HAMAMATSU PHOTONICS K.K.: COMPANY OVERVIEW          253

TABLE 238            HAMAMATSU PHOTONICS K.K.: PRODUCTS OFFERED             254

TABLE 239            HAMAMATSU PHOTONICS K.K.: EXPANSIONS, JANUARY 2021–JULY 2025               255

TABLE 240            QUEST MEDICAL IMAGING B.V.: COMPANY OVERVIEW          256

TABLE 241            QUEST MEDICAL IMAGING B.V.: PRODUCTS OFFERED             256

TABLE 242            MERCK KGAA: COMPANY OVERVIEW     257

TABLE 243            MERCK KGAA: PRODUCTS OFFERED      258

TABLE 244            MERCK KGAA: EXPANSIONS, JANUARY 2021–JULY 2025             259

TABLE 245            MIZUHO MEDICAL CO., LTD.: COMPANY OVERVIEW          260

TABLE 246            MIZUHO MEDICAL CO., LTD.: PRODUCTS OFFERED             260

TABLE 247            TELEDYNE PRINCETON INSTRUMENTS: COMPANY OVERVIEW   261

TABLE 248            TELEDYNE PRINCETON INSTRUMENTS: PRODUCTS OFFERED    262

TABLE 249            THERMO FISHER SCIENTIFIC INC.: COMPANY OVERVIEW          263

TABLE 250            THERMO FISHER SCIENTIFIC INC.: PRODUCTS OFFERED             264

TABLE 251            FLUOPTICS SAS: COMPANY OVERVIEW 265

TABLE 252            FLUOPTICS SAS: PRODUCTS OFFERED  265

TABLE 253            MEDTRONIC: COMPANY OVERVIEW       266

TABLE 254            MEDTRONIC: PRODUCTS OFFERED        266

TABLE 255            CAYMAN CHEMICAL: COMPANY OVERVIEW                 267

TABLE 256            CAYMAN CHEMICAL: PRODUCTS OFFERED                 267

TABLE 257            MP BIOMEDICALS: COMPANY OVERVIEW                 268

TABLE 258            MP BIOMEDICALS: PRODUCTS OFFERED                 268

TABLE 259            CRYSTA-LYN CHEMICAL COMPANY: COMPANY OVERVIEW          269

TABLE 260            CRYSTA-LYN CHEMICAL COMPANY: PRODUCTS OFFERED             269

TABLE 261            GOWERLABS LTD.: COMPANY OVERVIEW                 270

TABLE 262            GOWERLABS LTD.: PRODUCTS OFFERED                 270

TABLE 263            NIRX MEDICAL TECHNOLOGIES, LLC: COMPANY OVERVIEW   271

TABLE 264            EXOSENS (XENICS NV): COMPANY OVERVIEW                 272

TABLE 265            BIOTIUM: COMPANY OVERVIEW              273

TABLE 266            TOKYO CHEMICAL INDUSTRY (INDIA) PVT. LTD.: COMPANY OVERVIEW       274

TABLE 267            AAT BIOQUEST, INC.: COMPANY OVERVIEW                 275

TABLE 268            OXFORD INSTRUMENTS: COMPANY OVERVIEW                 276

TABLE 269            MOTHERSON: COMPANY OVERVIEW     277

TABLE 270            PHOTON ETC: COMPANY OVERVIEW     278

TABLE 271            SOTERIX MEDICAL INC.: COMPANY OVERVIEW                 279

TABLE 272            KERNEL: COMPANY OVERVIEW 280

LIST OF FIGURES

FIGURE 1              NEAR-INFRARED IMAGING MARKET SEGMENTATION & REGIONAL SCOPE    29

FIGURE 2              NEAR-INFRARED IMAGING MARKET: RESEARCH DESIGN                34

FIGURE 3              BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS            38

FIGURE 4              BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,

AND REGION     38

FIGURE 5              RESEARCH METHODOLOGY: HYPOTHESIS BUILDING           40

FIGURE 6              MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS            41

FIGURE 7              NEAR-INFRARED IMAGING MARKET: BOTTOM-UP APPROACH  42

FIGURE 8              NEAR-INFRARED IMAGING MARKET: CAGR PROJECTIONS   43

FIGURE 9              DATA TRIANGULATION METHODOLOGY                 44

FIGURE 10            NEAR-INFRARED IMAGING MARKET, BY PRODUCT, 2025 VS. 2030 (USD MILLION)               47

FIGURE 11            NEAR-INFRARED IMAGING MARKET, BY PROCEDURE,

2025 VS. 2030 (USD MILLION)      48

FIGURE 12            NEAR-INFRARED IMAGING MARKET, BY APPLICATION,

2025 VS. 2030 (USD MILLION)      49

FIGURE 13            NEAR-INFRARED IMAGING MARKET, BY END USER, 2025 VS. 2030 (USD MILLION)         50

FIGURE 14            GEOGRAPHICAL SNAPSHOT OF NEAR-INFRARED IMAGING MARKET    51

FIGURE 15            RISING ADOPTION OF NEAR-INFRARED IMAGING IN SURGICAL AND DIAGNOSTIC APPLICATIONS DRIVING MARKET GROWTH       52

FIGURE 16            DEVICES SEGMENT HELD LARGEST SHARE OF MARKET IN 2O24              53

FIGURE 17            CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD       54

FIGURE 18            NORTH AMERICA TO CONTINUE TO DOMINATE NEAR-INFRARED IMAGING MARKET DURING FORECAST PERIOD         55

FIGURE 19            NEAR-INFRARED IMAGING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          56

FIGURE 20            NEAR-INFRARED IMAGING MARKET: VALUE CHAIN ANALYSIS              73

FIGURE 21            NEAR-INFRARED IMAGING MARKET: SUPPLY CHAIN ANALYSIS              74

FIGURE 22            NEAR-INFRARED IMAGING MARKET: ECOSYSTEM ANALYSIS  75

FIGURE 23            NEAR-INFRARED IMAGING MARKET: PORTER’S FIVE FORCES ANALYSIS 76

FIGURE 24            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF NEAR-INFRARED IMAGING PRODUCTS       78

FIGURE 25            KEY BUYING CRITERIA FOR NEAR-INFRARED IMAGING PRODUCTS     79

FIGURE 26            NEAR-INFRARED IMAGING MARKET: TOP PATENT OWNERS/PATENTING TRENDS FOR NEAR-INFRARED IMAGING IN RECENT YEARS       82

FIGURE 27            NEAR-INFRARED IMAGING MARKET: TOP PATENT OWNERS/PATENTING TRENDS FOR NEAR-INFRARED FLUORESCENCE IMAGING IN RECENT YEARS     83

FIGURE 28            NEAR-INFRARED DYES MARKET: TOP PATENT OWNERS/PATENTING TRENDS FOR NEAR-INFRARED FLUORESCENCE BIOLUMINESCENCE IMAGING IN RECENT YEARS   84

FIGURE 29            AVERAGE SELLING PRICE OF NEAR-INFRARED IMAGING PRODUCTS,

BY TYPE, 2024 (USD)       85

FIGURE 30            AVERAGE SELLING PRICE OF NEAR-INFRARED IMAGING PRODUCTS,

BY KEY PLAYER, 2024 (USD)         86

FIGURE 31            AVERAGE SELLING PRICE OF NEAR-INFRARED IMAGING PRODUCTS,

BY REGION, 2024 (USD) 87

FIGURE 32            TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES           94

FIGURE 33            NEAR-INFRARED IMAGING MARKET: NUMBER OF DEALS, BY KEY PLAYER,

2019–2023 (USD MILLION)            95

FIGURE 34            NEAR-INFRARED IMAGING MARKET: NUMBER OF INVESTOR DEALS,

BY KEY PLAYER, 2019–2023 (USD MILLION)           95

FIGURE 35            VALUE OF INVESTOR DEALS IN NEAR-INFRARED IMAGING MARKET,

BY KEY PLAYER, 2019–2023 (USD MILLION)           96

FIGURE 36            USE OF GEN AI IN NEAR-INFRARED IMAGING MARKET               98

FIGURE 37            NORTH AMERICA: NEAR-INFRARED IMAGING MARKET SNAPSHOT       144

FIGURE 38            UK: NUMBER OF FLUOROSCOPY IMAGING ACTIVITIES (2023–2024) 163

FIGURE 39            ASIA PACIFIC: NEAR-INFRARED IMAGING MARKET SNAPSHOT       171

FIGURE 40            REVENUE ANALYSIS OF KEY PLAYERS IN NEAR-INFRARED IMAGING

MARKET (2020−2024)     208

FIGURE 41            MARKET SHARE ANALYSIS OF KEY PLAYERS IN NEAR-INFRARED IMAGING MARKET (2024)          209

FIGURE 42            NEAR-INFRARED IMAGING MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       212

FIGURE 43            NEAR-INFRARED IMAGING MARKET: COMPANY FOOTPRINT       213

FIGURE 44            NEAR-INFRARED IMAGING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 220

FIGURE 45            EV/EBITDA OF KEY VENDORS   223

FIGURE 46            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA

OF KEY VENDORS            223

FIGURE 47            NEAR-INFRARED IMAGING MARKET: BRAND/PRODUCT COMPARATIVE ANALYSIS     224

FIGURE 48            STRYKER: COMPANY SNAPSHOT (2024) 229

FIGURE 49            CARL ZEISS MEDITEC GROUP: COMPANY SNAPSHOT (2024)             233

FIGURE 50            OLYMPUS CORPORATION: COMPANY SNAPSHOT (2024)             239

FIGURE 51            DANAHER CORPORATION: COMPANY SNAPSHOT (2024)             243

FIGURE 52            SHIMADZU CORPORATION: COMPANY SNAPSHOT (2024)             249

FIGURE 53            HAMAMATSU PHOTONICS K.K.: COMPANY SNAPSHOT (2024)             254

FIGURE 54            MERCK KGAA: COMPANY SNAPSHOT (2024)                 258

FIGURE 55            TELEDYNE PRINCETON INSTRUMENTS: COMPANY SNAPSHOT (2024)      262

FIGURE 56            THERMO FISHER SCIENTIFIC INC.: COMPANY SNAPSHOT (2024)             264