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According to our (Global Info Research) latest study, the global Indocyanine Green market size was valued at USD 50 million in 2023 and is forecast to a readjusted size of USD 69 million by 2030 with a CAGR of 4.6% during review period.
Indocyanine green (ICG) a cyanine dye used in medical diagnostics to determine cardiac output, hepatic function, and liver blood flow, and for ophthalmic angiography. It is a sterile, lyophilized green powder with a peak spectral absorption at 800 nm. These infrared frequencies penetrate retinal layers, allowing ICG angiography to image deeper patterns of circulation than fluorescein angiography.
Europe is the largest market with about 52% market share. USA and China are follower, accounting for about 33% market share.
The key players are Akorn, PULSION Medical Systems AG, Diagnostic Green, SERB, Daiichi Sankyo Company, Santen Pharmaceutical Co., Ltd., Aurolab, Yichuang, Eisai etc. Top 3 companies occupied about 60% market share.
The Global Info Research report includes an overview of the development of the Indocyanine Green industry chain, the market status of Ophthalmology (Type I, Type II), Neurosurgery (Type I, Type II), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Indocyanine Green.
Regionally, the report analyzes the Indocyanine Green markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Indocyanine Green market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Indocyanine Green market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Indocyanine Green industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Dose), revenue generated, and market share of different by Type (e.g., Type I, Type II).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Indocyanine Green market.
Regional Analysis: The report involves examining the Indocyanine Green market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Indocyanine Green market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Indocyanine Green:
Company Analysis: Report covers individual Indocyanine Green manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Indocyanine Green This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Ophthalmology, Neurosurgery).
Technology Analysis: Report covers specific technologies relevant to Indocyanine Green. It assesses the current state, advancements, and potential future developments in Indocyanine Green areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Indocyanine Green market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Indocyanine Green market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Type I
- Type II
Market segment by Application
- Ophthalmology
- Neurosurgery
- Liver Diseases
- Others
Major players covered
- Akorn
- PULSION Medical Systems AG
- Diagnostic Green
- SERB
- Daiichi Sankyo Company
- Santen Pharmaceutical Co., Ltd.
- Aurolab
- Yichuang
- Eisai
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Indocyanine Green product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Indocyanine Green, with price, sales, revenue and global market share of Indocyanine Green from 2019 to 2024.
Chapter 3, the Indocyanine Green competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Indocyanine Green breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Indocyanine Green market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Indocyanine Green.
Chapter 14 and 15, to describe Indocyanine Green sales channel, distributors, customers, research findings and conclusion.