South Korea Near Infrared Imaging Market Size & Outlook
South Korea near infrared imaging market, 2018-2030 (US$M)
Related Markets
South Korea near infrared imaging market highlights
- The South Korea near infrared imaging market generated a revenue of USD 30.3 million in 2023 and is expected to reach USD 39.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- 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 2023 | USD 30.3 million |
| Market revenue in 2030 | USD 39.8 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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 2023.
- 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 55.78% in 2023. 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.
Reasons to subscribe to South Korea near infrared imaging market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea near infrared imaging market databook
-
Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
