Industry Background:
Indocyanine green (ICG), cyanine dye that is used in medical diagnostics. It is used to determine cardiac output, hepatic function, liver and gastric blood flow, and for ophthalmic angiography. ICG has a top spectral absorption at about 800 nm. These IR frequencies penetrate retinal layers, permitting ICG angiography to image deeper patterns of circulation compared to fluorescein angiography. ICG fixes tightly to plasma proteins and becomes narrowed to the vascular system. It has a half-life of 150 to 180 seconds & is detached from circulation exclusively by the liver to bile juice. The increasing use in medical diagnostics is likely to impel the ICG market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Akorn, Incorporated (United States), Aurolab (India), SERB (Belgium), Diagnostic Green GmbH (Germany), Daiichi Sankyo Company, Limited (Japan), Sigma-Aldrich Corporation (United States), Iris Biotech GmbH (Germany) and Pulsion Medical Systems (Germany) |
This growth is primarily driven by Increasing usage in medical diagnostics and Growing number of patients undergoing ophthalmic angiography.
Globally, a noticeable market trend is evident Consumer Increasing Health Care Spending Major Vendors, such as Akorn, Incorporated (United States), Aurolab (India), SERB (Belgium), Diagnostic Green GmbH (Germany), Daiichi Sankyo Company, Limited (Japan), Sigma-Aldrich Corporation (United States), Iris Biotech GmbH (Germany) and Pulsion Medical Systems (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
“In United States, The Food and Drug Administration (FDA) regulates indocyanine green. FDA has determined that IC-GREEN (indocyanine green for injection), 10 milligrams (mg)/vial, 40 mg/vial, and 50 mg/vial, was not withdrawn from sale for reasons of safety or effectiveness. This determination will allow FDA to approve abbreviated new drug applications (ANDAs) for indocyanine green for injection, 10 mg/vial, 40 mg/vial, and 50 mg/vial if all other legal and regulatory requirements are met.”
Influencing Trend:
Consumer Increasing Health Care Spending
Market Growth Drivers:
Increasing usage in medical diagnostics and Growing number of patients undergoing ophthalmic angiography
Restraints:
Anaphylaxis or other allergic reactions occurrence in patients with iodine hypersensitivity
Opportunities:
Growing healthcare industry and Increasing Opportunities in developing economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Indocyanine Green Market
- Analysis about New Entrants in Indocyanine Green Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Indocyanine Green Study Sheds Light on
The Indocyanine Green Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Indocyanine Green industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Indocyanine Green industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.