Near Infrared Imaging Market 2021: Size, Share, Analysis and Forecast-2027
Near Infrared Imaging Market 2021 The global near infrared imaging market held a market value of USD 316 million in 2017 and is projected to grow at a CAGR of 12.6% over the forecast period. Near infrared imaging uses near infrared light between 650 and 950 nm to non-invasively examine the concentration and oxygenation of hemoglobin which is used to detect changes induced by brain activity, injury, or disease. Moreover, near infrared imaging is portable and inexpensive device which may boost the market during forecast period. Additionally, the growing research and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. Moreover, companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competiti