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    South Korea Near Infrared Imaging Market

    ID: MRFR/MED/52112-HCR
    200 Pages
    Rahul Gotadki
    September 2025

    South Korea Near Infrared Imaging Market Research Report By Application (Medical Diagnostics, Industrial Applications, Agricultural Monitoring, Environmental Monitoring), By Device Type (Instruments, Cameras, Sensors, Software), By End Use (Healthcare, Manufacturing, Agriculture, Research and Development) and By Functionality (Imaging, Spectroscopy, Thermography) - Forecast to 2035

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    South Korea Near Infrared Imaging Market Research Report - Forecast To 2035 Infographic
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    Table of Contents

    South Korea Near Infrared Imaging Market Summary

    The South Korea Near Infrared Imaging market is projected to grow significantly from 66.8 USD Million in 2024 to 169.1 USD Million by 2035.

    Key Market Trends & Highlights

    South Korea Near Infrared Imaging Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 8.82 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 169.1 USD Million, indicating robust growth potential.
    • In 2024, the market is valued at 66.8 USD Million, reflecting a strong foundation for future expansion.
    • Growing adoption of Near Infrared Imaging due to advancements in medical diagnostics is a major market driver.

    Market Size & Forecast

    2024 Market Size 66.8 (USD Million)
    2035 Market Size 169.1 (USD Million)
    CAGR (2025-2035) 8.82%

    Major Players

    LG Electronics, SNUH, Korea University, Olympus Corporation, Siemens Healthineers, Canon Medical Systems, Philips Healthcare, Samsung Medison, Seoul National University, Medtronic, Pusan National University, Nikon Corporation, Hanmi Pharmaceutical, Daewon Pharmaceutical

    South Korea Near Infrared Imaging Market Trends

    The South Korea Near Infrared Imaging Market is experiencing substantial trends that are being driven by the expansion of applications in a variety of sectors and the advancements in technology. Hospitals and medical facilities continue to invest in near-infrared imaging systems to enhance patient care and diagnostics, as the healthcare sector remains a significant driver.

    In recent years, there has been an increasing interest in this imaging technology for oncology, as it enables more accurate visualization of lesions and enhances surgical outcomes. Additionally, the proliferation of telemedicine in South Korea has given rise to a demand for remote monitoring systems that employ near-infrared imaging.

    This technology enables healthcare professionals to more effectively assess patients from a distance. The South Korean government is providing support for innovation in medical technology through a variety of initiatives and funding programs, which is resulting in an expansion of opportunities in this market. This government backing is crucial for growth.

    The objective of these endeavors is to foster the advancement of imaging technologies, thereby establishing an advantageous environment for entrepreneurs and new entrants that specialize in near-infrared applications. The market's development potential is further solidified by the trend toward minimally invasive procedures, which increases the demand for effective imaging solutions.

    The integration of artificial intelligence and machine learning with near-infrared imaging systems is a significant trend that has emerged in recent years. This fusion is resulting in more precise interpretations and faster diagnostic processes, which is revolutionizing the way healthcare professionals employ this technology.

    Moreover, the establishment of partnerships between universities and medical institutions in South Korea is facilitating the advancement of research and development in near-infrared imaging, thereby fostering innovations that address specific healthcare needs. These trends showcase the South Korean market's potential for future growth and technological advancement and reflect its dynamic nature.

    South Korea Near Infrared Imaging Market Drivers

    Market Segment Insights

    Near Infrared Imaging Market Application Insights

    The Application segment of the South Korea Near Infrared Imaging Market plays a crucial role in enhancing multiple sectors within the region. As the demand for advanced imaging technologies rises, this segment experiences robust growth, driven by several key factors. Medical Diagnostics serves as a primary focus due to its ability to provide non-invasive imaging solutions.

    That enhance patient diagnosis and treatment planning, demonstrating the technology's strong relevance in healthcare. Furthermore, Industrial Applications leverage near infrared imaging for quality control and process optimization, ensuring that production methods remain efficient and compliant with safety standards. This increases product reliability.

    Agricultural Monitoring is gaining traction as farmers utilize this technology to assess crop health and optimize resource usage, thereby contributing significantly to the region's agricultural productivity. Environmental Monitoring also emerges as an essential application, enabling the detection of pollutants and supporting sustainable practices in line with governmental initiatives aimed at promoting ecological preservation.

    With South Korea's commitment to advancing healthcare technology and industrial efficiency, these applications not only highlight the versatility of near infrared imaging but also showcase its pivotal role in addressing real-world challenges across various sectors in the region. The continued integration of this technology into diverse applications reflects the dynamic ecosystem of the South Korea Near Infrared Imaging Market, creating opportunities for innovation and growth.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Near Infrared Imaging Market Device Type Insights

    The Device Type segment of the South Korea Near Infrared Imaging Market plays a crucial role in driving technological advancements and applications across various industries, including medical, security, and industrial sectors. Within this segment, instruments are vital as they form the backbone for consistent and accurate imaging capabilities, enhancing diagnostic precision in healthcare.

    Cameras serve as critical tools for real-time imagery, enabling heretofore unattainable visibility in numerous applications, from night vision in security operations to extensive scientific research. Sensors are significant components that facilitate the detection of minute variations in light, hence improving image quality and reliability essential for applications such as non-invasive medical diagnostics and agricultural monitoring.

    Software, meanwhile, underpins the operation of all devices, providing analytical capabilities and enhancing user interface experience, thereby bridging the gap between raw data from devices and actionable insights. This multifaceted approach within the Device Type segment contributes to the overall growth of the South Korea Near Infrared Imaging Market, responding to the increasing demand for sophisticated imaging solutions in varied sectors.

    As the landscape continues to evolve, innovation in these categories is expected to significantly bolster market opportunities and offer solutions to emerging challenges in the imaging domain.

    Near Infrared Imaging Market End Use Insights

    The South Korea Near Infrared Imaging Market showcases considerable segmentation by End Use, focusing on key areas such as Healthcare, Manufacturing, Agriculture, and Research and Development. In the Healthcare sector, near infrared imaging plays a crucial role in medical diagnostics and surgical procedures, enhancing the visibility of tissues and blood flow.

    Manufacturing benefits from this technology by improving quality control processes and non-destructive testing, thereby ensuring product reliability. Agriculture utilizes near infrared imaging for precision farming, enabling farmers to monitor crop health and optimize yield. This contributes to sustainable practices.

    Meanwhile, Research and Development remains a significant area, where innovations in near infrared imaging technology contribute to advanced material characterization and analytical research. Collectively, these sectors reflect an expanding application scope, driven by technological advancements and increasing demand for effective imaging solutions in various industries, thereby creating opportunities for market growth and development in South Korea.

    The combination of these aspects underlines the overall importance of the End Use segmentation in shaping the South Korea Near Infrared Imaging Market’s future prospects.

    Near Infrared Imaging Market Functionality Insights

    The Functionality segment of the South Korea Near Infrared Imaging Market plays a crucial role in advancing various applications across multiple industries. This market is divided into Imaging, Spectroscopy, and Thermography, each fulfilling distinct needs and driving profound innovations. Imaging is essential for non-invasive diagnostics in healthcare, allowing for clearer visualizations of tissues.

    While Spectroscopy offers in-depth analysis of chemical compositions, enhancing research in both medical and industrial sectors. Thermography is increasingly significant in health monitoring and preventive diagnostics due to its ability to detect temperature variations, making it valuable in surgical planning and post-operative assessments.

    The advancements in technology coupled with the growing demand for minimally invasive procedures in South Korea have catalyzed market growth within this segment. The integration of these functionalities not only enhances efficiency but also opens opportunities for new therapeutic strategies, positioning South Korea as a leading player in the global near-infrared imaging landscape.

    Moreover, government initiatives promoting healthcare innovation further support market expansion in these specific areas.

    Get more detailed insights about South Korea Near Infrared Imaging Market Research Report - Forecast To 2035

    Regional Insights

    Key Players and Competitive Insights

    The South Korea Near Infrared Imaging Market is characterized by a growing interest in advanced imaging technologies, which are being increasingly utilized across various sectors such as healthcare, industrial inspection, and research. The market is highly competitive and comprises a mix of established players and emerging entrants that are continuously innovating to enhance their offerings.

    The demand for near infrared imaging solutions has been driven by the rising prevalence of chronic diseases, the need for non-invasive diagnostic tools, and technological advancements in imaging systems. In this landscape, companies are focusing on partnerships, product launches, and technological integration to gain a competitive edge and capture a larger market share.

    LG Electronics stands out in the South Korea Near Infrared Imaging Market with its strong commitment to innovation and quality. The company has leveraged its extensive research and development capabilities to produce advanced imaging technologies that provide high-resolution results and support various applications. This leadership strengthens its market position.

    With a robust market presence, LG Electronics has established itself as a reliable provider, thanks to its longstanding reputation in the electronics industry, which translates into a high degree of consumer trust. The company's strengths lie in its ability to integrate near infrared imaging capabilities into a range of products, allowing them to offer solutions that meet the specific needs of different sectors.

    Their strategic focus on improving imaging efficiency and accuracy has further solidified their position as a key player in the market. SNUH plays a pivotal role in the South Korea Near Infrared Imaging Market through its dedication to research and healthcare applications. As a leading hospital and medical institution, SNUH engages in the development of innovative imaging technologies.

    That enhance clinical diagnostics and surgical procedures. The organization is known for its key offerings in advanced imaging services and has implemented state-of-the-art near infrared imaging systems to improve patient outcomes. Its strengths lie in its collaboration with research institutions and technology providers, fostering a culture of continuous improvement and innovation.

    Additionally, the institution actively participates in mergers and acquisitions that facilitate access to cutting-edge technologies, ensuring that it remains at the forefront of advancements in the near infrared imaging space within South Korea.

    Key Companies in the South Korea Near Infrared Imaging Market market include

    Industry Developments

    In the South Korea Near Infrared Imaging Market, significant developments have emerged, particularly in the realm of technological advancements and partnerships. LG Electronics, along with Olympus Corporation, has been enhancing its imaging technologies, aiming to improve medical diagnostics and surgical procedures. These advancements are vital for healthcare.

    In September 2023, Philips Healthcare announced a strategic collaboration with Seoul National University Hospital to integrate advanced near-infrared imaging solutions for better patient outcomes. Additionally, Siemens Healthineers has been focusing on expanding its product line in their offerings, tapping into the rising demand for minimally invasive surgical techniques.

    Growth in market valuation has been substantial, driven by an increase in the number of diagnostic procedures utilizing near-infrared imaging, with a projection of 10% growth year-on-year. Furthermore, in April 2022, Samsung Medison and Pusan National University collaborated on joint research initiatives to enhance imaging techniques, reflecting the ongoing commitment to Research and Development in this sector.

    The increasing adoption of near-infrared imaging technologies in both hospitals and outpatient settings underscores the crucial role these innovations play in the evolving healthcare landscape in South Korea.

    Market Segmentation

    Near Infrared Imaging Market End Use Outlook

    • Healthcare
    • Manufacturing
    • Agriculture
    • Research and Development

    Near Infrared Imaging Market Application Outlook

    • Medical Diagnostics
    • Industrial Applications
    • Agricultural Monitoring
    • Environmental Monitoring

    Near Infrared Imaging Market Device Type Outlook

    • Instruments
    • Cameras
    • Sensors
    • Software

    Near Infrared Imaging Market Functionality Outlook

    • Imaging
    • Spectroscopy
    • Thermography

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 61.0(USD Million)
    MARKET SIZE 2024 66.75(USD Million)
    MARKET SIZE 2035 169.1(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 8.818% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED LG Electronics, SNUH, Korea University, Olympus Corporation, Siemens Healthineers, Canon Medical Systems, Philips Healthcare, Samsung Medison, Seoul National University, Medtronic, Pusan National University, Nikon Corporation, Hanmi Pharmaceutical, Daewon Pharmaceutical
    SEGMENTS COVERED Application, Device Type, End Use, Functionality
    KEY MARKET OPPORTUNITIES Growing demand in medical diagnostics, Advancements in NIR technology, Expansion in agricultural applications, Increasing adoption in security systems, Research funding for NIR innovations
    KEY MARKET DYNAMICS technological advancements, increasing medical applications, growing demand for diagnostics, rising healthcare expenditure, focus on non-invasive procedures
    COUNTRIES COVERED South Korea

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    What is the expected market size of the South Korea Near Infrared Imaging Market in 2024?

    The South Korea Near Infrared Imaging Market is expected to be valued at 66.75 million USD in 2024.

    What is the projected market size for the South Korea Near Infrared Imaging Market by 2035?

    By 2035, the market size is anticipated to reach 169.1 million USD.

    What is the expected compound annual growth rate (CAGR) for the South Korea Near Infrared Imaging Market?

    The market is expected to exhibit a CAGR of 8.818 percent from 2025 to 2035.

    Which application will dominate the South Korea Near Infrared Imaging Market by 2035?

    Medical Diagnostics is projected to dominate the market with a valuation of 82.58 million USD by 2035.

    What is the market value for Industrial Applications within the South Korea Near Infrared Imaging Market in 2024?

    The market value for Industrial Applications in 2024 is estimated at 12.5 million USD.

    Who are the key players in the South Korea Near Infrared Imaging Market?

    Major players include LG Electronics, Olympus Corporation, Siemens Healthineers, and Canon Medical Systems, among others.

    What will the value of Agricultural Monitoring be in the South Korea Near Infrared Imaging Market by 2035?

    Agricultural Monitoring is expected to be valued at 27.57 million USD by 2035.

    What is the projected market value of Environmental Monitoring in the South Korea Near Infrared Imaging Market for 2024?

    In 2024, the market value for Environmental Monitoring is projected to be 9.75 million USD.

    What growth factors are driving the South Korea Near Infrared Imaging Market?

    Key growth drivers include advancements in medical diagnostics, industrial applications, and agricultural monitoring technologies.

    How has the projected growth of the Near Infrared Imaging Market influenced competition in South Korea?

    The anticipated growth has heightened competition among key players seeking to capture larger market shares through innovation and strategic partnerships.

    1. OverviewKey FindingsMarket SegmentationCompetitive LandscapeChallenges and OpportunitiesFuture Outlook  MARKET INTRODUCTION DefinitionScope of the studyResearch
    2. ObjectiveAssumptionLimitationsRESEARCH
    3. METHODOLOGY OverviewData MiningSecondary
    4. ResearchPrimary ResearchPrimary Interviews and Information
    5. Gathering ProcessBreakdown of Primary RespondentsForecasting
    6. ModelMarket Size EstimationBottom-Up ApproachTop-Down
    7. ApproachData TriangulationValidation  MARKET
    8. DYNAMICS OverviewDriversRestraintsOpportunitiesMARKET FACTOR ANALYSIS Value chain AnalysisPorter's
    9. Five Forces AnalysisBargaining Power of SuppliersBargaining
    10. Power of BuyersThreat of New EntrantsThreat of SubstitutesIntensity
    11. of RivalryCOVID-19 Impact AnalysisMarket
    12. Impact AnalysisRegional ImpactOpportunity and Threat
    13. Analysis  South
    14. Korea Near Infrared Imaging Market, BY Application (USD Million) Medical
    15. DiagnosticsIndustrial ApplicationsAgricultural MonitoringEnvironmental
    16. MonitoringSouth Korea Near Infrared Imaging Market,
    17. BY Device Type (USD Million) InstrumentsCamerasSensorsSoftwareSouth
    18. Korea Near Infrared Imaging Market, BY End Use (USD Million) HealthcareManufacturingAgricultureResearch
    19. and DevelopmentSouth Korea Near Infrared Imaging
    20. Market, BY Functionality (USD Million) ImagingSpectroscopyThermography  Competitive Landscape OverviewCompetitive AnalysisMarket
    21. share AnalysisMajor Growth Strategy in the Near Infrared Imaging
    22. MarketCompetitive BenchmarkingLeading Players in
    23. Terms of Number of Developments in the Near Infrared Imaging MarketKey
    24. developments and growth strategiesNew Product Launch/Service DeploymentMerger
    25. & AcquisitionsJoint VenturesMajor
    26. Players Financial MatrixSales and Operating IncomeMajor
    27. Players R&D Expenditure. 2023Company
    28. Profiles LG ElectronicsFinancial OverviewProducts
    29. OfferedKey DevelopmentsSWOT AnalysisKey
    30. StrategiesSNUHFinancial OverviewProducts
    31. OfferedKey DevelopmentsSWOT AnalysisKey
    32. StrategiesKorea UniversityFinancial OverviewProducts
    33. OfferedKey DevelopmentsSWOT AnalysisKey
    34. StrategiesOlympus CorporationFinancial
    35. OverviewProducts OfferedKey DevelopmentsSWOT
    36. AnalysisKey StrategiesSiemens HealthineersFinancial
    37. OverviewProducts OfferedKey DevelopmentsSWOT
    38. AnalysisKey StrategiesCanon Medical SystemsFinancial
    39. OverviewProducts OfferedKey DevelopmentsSWOT
    40. AnalysisKey StrategiesPhilips HealthcareFinancial
    41. OverviewProducts OfferedKey DevelopmentsSWOT
    42. AnalysisKey StrategiesSamsung MedisonFinancial
    43. OverviewProducts OfferedKey DevelopmentsSWOT
    44. AnalysisKey StrategiesSeoul National UniversityFinancial
    45. OverviewProducts OfferedKey DevelopmentsSWOT
    46. AnalysisKey StrategiesMedtronicFinancial
    47. OverviewProducts OfferedKey DevelopmentsSWOT
    48. AnalysisKey StrategiesPusan National UniversityFinancial
    49. OverviewProducts OfferedKey DevelopmentsSWOT
    50. AnalysisKey StrategiesNikon CorporationFinancial
    51. OverviewProducts OfferedKey DevelopmentsSWOT
    52. AnalysisKey StrategiesHanmi PharmaceuticalFinancial
    53. OverviewProducts OfferedKey DevelopmentsSWOT
    54. AnalysisKey StrategiesDaewon PharmaceuticalFinancial
    55. OverviewProducts OfferedKey DevelopmentsSWOT
    56. AnalysisKey StrategiesAppendix
    57. ReferencesRelated ReportsLIST
    58. Of tables LIST OF ASSUMPTIONSSouth Korea
    59. Near Infrared Imaging Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035
    60. (USD Billions)South Korea Near Infrared Imaging Market SIZE ESTIMATES
    61. & FORECAST, BY DEVICE TYPE, 2019-2035 (USD Billions)South Korea
    62. Near Infrared Imaging Market SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035
    63. (USD Billions)South Korea Near Infrared Imaging Market SIZE ESTIMATES
    64. & FORECAST, BY FUNCTIONALITY, 2019-2035 (USD Billions)PRODUCT
    65. LAUNCH/PRODUCT DEVELOPMENT/APPROVALACQUISITION/PARTNERSHIP                             LIST
    66. Of figures MARKET SYNOPSISSOUTH KOREA
    67. NEAR INFRARED IMAGING MARKET ANALYSIS BY APPLICATIONSOUTH KOREA
    68. NEAR INFRARED IMAGING MARKET ANALYSIS BY DEVICE TYPESOUTH KOREA
    69. NEAR INFRARED IMAGING MARKET ANALYSIS BY END USESOUTH KOREA NEAR
    70. INFRARED IMAGING MARKET ANALYSIS BY FUNCTIONALITYKEY BUYING CRITERIA
    71. OF NEAR INFRARED IMAGING MARKETRESEARCH PROCESS OF MRFRDRO
    72. ANALYSIS OF NEAR INFRARED IMAGING MARKETDRIVERS IMPACT ANALYSIS:
    73. NEAR INFRARED IMAGING MARKETRESTRAINTS IMPACT ANALYSIS: NEAR INFRARED
    74. IMAGING MARKETSUPPLY / VALUE CHAIN: NEAR INFRARED IMAGING MARKETNEAR
    75. INFRARED IMAGING MARKET, BY APPLICATION, 2025 (% SHARE)NEAR INFRARED
    76. IMAGING MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)NEAR
    77. INFRARED IMAGING MARKET, BY DEVICE TYPE, 2025 (% SHARE)NEAR INFRARED
    78. IMAGING MARKET, BY DEVICE TYPE, 2019 TO 2035 (USD Billions)NEAR
    79. INFRARED IMAGING MARKET, BY END USE, 2025 (% SHARE)NEAR INFRARED
    80. IMAGING MARKET, BY END USE, 2019 TO 2035 (USD Billions)NEAR INFRARED
    81. IMAGING MARKET, BY FUNCTIONALITY, 2025 (% SHARE)NEAR INFRARED IMAGING
    82. MARKET, BY FUNCTIONALITY, 2019 TO 2035 (USD Billions)BENCHMARKING
    83. OF MAJOR COMPETITORS 

    South Korea Near Infrared Imaging Market Segmentation

    • Near Infrared Imaging Market By Application (USD Million, 2019-2035)

      • Medical Diagnostics
      • Industrial Applications
      • Agricultural Monitoring
      • Environmental Monitoring
    • Near Infrared Imaging Market By Device Type (USD Million, 2019-2035)

      • Instruments
      • Cameras
      • Sensors
      • Software
    • Near Infrared Imaging Market By End Use (USD Million, 2019-2035)

      • Healthcare
      • Manufacturing
      • Agriculture
      • Research and Development
    • Near Infrared Imaging Market By Functionality (USD Million, 2019-2035)

      • Imaging
      • Spectroscopy
      • Thermography
    Report Infographic
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