South Korea Near Infrared Imaging Market Size, Share, and COVID-19 Impact Analysis, By Device Type (Instruments, Cameras, Sensors, and Software), By Application (Medical Diagnostics, Industrial Applications, Agricultural Monitoring, and Environmental Monitoring), By End Use (Healthcare, Manufacturing, Agriculture, Research and Development) and By Functionality (Imaging, Spectroscopy, and Thermography), and South Korea Near Infrared Imaging Market Insights, Industry Trend, Forecasts to 2035

South Korea Near Infrared Imaging Market Insights Forecasts to 2035

• The South Korea Near Infrared Imaging Market Size Was Estimated at USD 66.89 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.83% from 2025 to 2035
• The South Korea Near Infrared Imaging Market Size is Expected to Reach USD 169.60 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Near Infrared Imaging Market is anticipated to reach USD 169.60 million by 2035, growing at a CAGR of 8.83% from 2025 to 2035. The growth of applications across multiple industries and technological improvements are driving significant trends in the South Korean near infrared imaging market.  

Market Overview

The NIR light (usually 700–2500 nm) to see the structures and functions of biological tissues and other materials is part of the near-infrared (NIR) imaging business. This spectroscopic technique is employed in research, medical diagnostics, and other fields. Early illness detection and diagnosis are made possible by the high-resolution, real-time image of tissues and organs that NIR imaging offers. It can be applied, for instance, to vascular imaging, tumor detection, and functional brain imaging. During reconstructive procedures, NIR imaging improves accuracy and efficiency by assisting surgeons in seeing important components. Additionally, it can make blood vessels easier to see during treatments, which lowers the possibility of complications. The demand for customized imaging solutions tailored to specific patient needs drives opportunities in the NIR imaging market. The possibilities and uses of NIR imaging are increased by the use of hybrid NIR imaging techniques, such as those that combine NIR with other imaging modalities. The advancement of handheld and portable NIR imaging equipment broadens the application of the technology and makes point-of-care diagnostics easier. The rise in medical tourism, particularly in Asia and Latin America, creates opportunities for NIR imaging providers. Research and development of new NIR imaging technologies and applications are supported and funded by governments. Government health agencies, like the National Institutes of Health (NIH), support the use of NIR imaging to improve patient outcomes.

Report Coverage

This research report categorizes the market for South Korea near infrared imaging market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea near infrared imaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each South Korea near infrared imaging market sub-segment.

Driving Factors

The market for near-infrared imaging in South Korea is primarily driven by defense-grade sensor miniaturisation technologies, AI-enabled diagnostic platforms, and public-private partnerships for the implementation of smart hospitals.  Additionally, government-supported photonics research and development as well as precision farming projects employing near-infrared drones drive demand.  Different from other markets, South Korea is at the forefront of next-generation biomedical imaging and remote sensing technologies because it uses 5G infrastructure to transmit real-time NIR data in wearable and surgical applications.

Restraining Factors

South Korea’s near-infrared imaging market faces restraints such as high equipment costs, limited reimbursement policies, complex regulatory approval processes, and a shortage of trained professionals for device operation and data interpretation.

Market Segmentation

The South Korea near infrared imaging market share is classified into device type, application, end use, and functionality.

• The instruments segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea near infrared imaging market is segmented by device type into instruments, cameras, sensors, and software. Among these, the instruments segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Instruments are essential because they serve as the foundation for reliable and accurate imaging capabilities, which improve healthcare diagnostic accuracy.

• The medical diagnostics segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea near infrared imaging market is segmented by application into medical diagnostics, industrial applications, agricultural monitoring, and environmental monitoring. Among these, the medical diagnostics segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The potential of medical diagnostics to offer non-invasive imaging solutions makes it a main focus. This growth is driven by rising demand for precise, non-invasive diagnostic solutions, continuous technological advancements, and increasing prevalence of chronic diseases worldwide, boosting market expansion.

• The healthcare segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea near infrared imaging market is segmented by end use into healthcare, manufacturing, agriculture, research and development. Among these, the healthcare segment held a dominated share in 2024 and is expected to grow at a significant CAGR during the forecast period. In the medical field, near-infrared imaging is essential for surgical and diagnostic procedures because it makes tissues and blood flow more visible.

• The imaging segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea near infrared imaging market is segmented by functionality into imaging, spectroscopy, and thermography. Among these, the imaging segment held a majority share in 2024 and is expected to grow at a significant CAGR during the forecast period. This growth is driven by advancements in imaging technologies, increasing adoption in healthcare, and rising demand for accurate diagnostic and monitoring solutions in south Korea.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea near infrared imaging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Vieworks Co., Ltd.
• Hanwha Vision Co., Ltd.
• INFINITT Healthcare
• Medikors Inc.
• LAND
• Satrec Initiative Co., Ltd.
• Seoul Robotics
• Samsung Digital Imaging
• Advanced Energy Industries, Inc.
• TECHCORD
• FUJIFILM Medical Systems Korea
• Olympus Korea
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea near infrared imaging market based on the below-mentioned segments:

South Korea Near Infrared Imaging Market, By Device Type

• Instruments
• Cameras
• Sensors
• Software

South Korea Near Infrared Imaging Market, By Application

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

South Korea Near Infrared Imaging Market, By End Use

• Healthcare
• Manufacturing
• Agriculture
• Research and Development

South Korea Near Infrared Imaging Market, By Functionality

• Imaging
• Spectroscopy
• Thermography