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.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.
“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that IC-GREEN (indocyanine green for injection), 10 milligrams (mg)/vial, 40 mg/vial, and 50 mg/vial, was not withdrawn from sale for reasons of safety or effectiveness.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.”
- Increasing usage in medical diagnostics
- Growing number of patients undergoing ophthalmic angiography
- Consumer Increasing Health Care Spending
- Anaphylaxis or other allergic reactions occurrence in patients with iodine hypersensitivity
Growing healthcare industry and Increasing Opportunities in developing economies
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