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Thursday, February 19th, 2026
Market Updates

Ultragreen: Global ICG Leader Driving 23% Earnings Growth With Strong Market Moat and Fluorescence Guided Surgery Expansion 1

Posted on January 26, 2026 at 2:35 pm (GMT+8)

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Broker Name: DBS

Date of Report: 2024

Excerpt from DBS report.

  • Report Summary:
  • Ultragreen is a global leader in indocyanine green (ICG) for fluorescence guided surgery, holding over 60% market share due to regulatory barriers and superior product profile.
  • The ICG market is projected to grow at 11.7% annually through 2030, driven by increasing adoption, international expansion, and robust industry fundamentals, supporting strong earnings growth for Ultragreen.

Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website: https://www.dbs.com

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