South Korea Near Infrared Imaging Market Size & Outlook
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South Korea near infrared imaging market highlights
- The South Korea near infrared imaging market generated a revenue of USD 31.5 million in 2024 and is expected to reach USD 39.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 3.9% from 2025 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2024.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
Near infrared imaging market data book summary
| Market revenue in 2024 | USD 31.5 million |
| Market revenue in 2030 | USD 39.8 million |
| Growth rate | 3.9% (CAGR from 2025 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global near infrared imaging market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan near infrared imaging market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 170.9 million by 2030.
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Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Carl Zeiss Meditec AG | View profile | 4950 | Goschwitzer Strasse 51-52, Jena, TH, Germany, 07745 | https://www.zeiss.com |
| Shimadzu Corp | View profile | 15284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | http://www.shimadzu.com |
| Hamamatsu Photonics KK | View profile | 5795 | 325-6, Sunayama-cho, Naka-ku, Shizuoka Pref, Hamamatsu, Japan, 430-8587 | http://www.hamamatsu.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
| Stryker Corp | View profile | 52000 | 1941 Stryker Way, Portage, MI, United States, 49002 | https://www.stryker.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
South Korea near infrared imaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 58.41% in 2024. Horizon Databook has segmented the South Korea near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea largely depends on imports from countries such as the U.S., Japan, and the European Union (EU) to meet the increased demand for medical devices. The country has signed the KORUS Free Trade Agreement (FTA) with the U.S.
Under this agreement, medical device manufacturers in the U.S. can apply for an independent review procedure for the pricing of medical devices.
The South Korean government’s public health insurance system covers radiology services under “fee to service” model for services such as colon, stomach, cervix cancer, liver, and breast screening.
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Target buyers of South Korea near infrared imaging market databook
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Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea near infrared imaging market , including forecasts for subscribers. This country databook contains high-level insights into South Korea near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea near infrared imaging market size, by product, 2018-2030 (US$M)
South Korea Near Infrared Imaging Market Outlook Share, 2024 & 2030 (US$M)
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