Terahertz Technology Market Scope And Analysis

Report Code : TIPMD00002019
Category : Life Sciences

No. of Pages : 150

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Medical Terahertz Technology Market Scope and Analysis by 2031

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Medical Terahertz Technology Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 157.8 Million
Market Size by 2031	US$ 575.5 Million
Global CAGR (2023 - 2031)	17.7%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Terahertz Imaging Terahertz Spectroscopy By Application Oncology Dentistry Dermatology Tomography Biochemistry
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Acal BFi Limited Advantest Corporation Teraview Limited Toptica Photonics AG Terasense Group Inc Microtech Instrument Inc Menlo Systems GmbH H BNER GmbH Co KG Luna Innovations Inc Insight Product Company

Medical Terahertz Technology Market News and Recent Developments

The medical terahertz technology market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the medical terahertz technology market are listed below:

Canon Inc. announced that the company has developed a terahertz device with a compact size and the world's highest output. Leveraging the semiconductor device design and manufacturing technology cultivated over its long history, the company has produced a device that realizes both high output and high directivity. In the years to come, terahertz technology is expected to be widely used in next-generation sensing and data transmission. (Source: Canon Inc., Press Release, January 2024)
Researchers at UBC Okanagan's School of Engineering are working on advancing diagnostic imaging using spectroscopy. The researchers at UBCO's Integrated Optics Laboratory (IOL) are developing imaging systems that utilize terahertz radiation, which falls within the electromagnetic spectrum with frequencies between radio and visible waves. This technology has the potential to enable fast and accurate terahertz characterizations of biological specimens, which could ultimately aid in the development of effective technologies for cancer detection. (Source: AZoNetwork, Newsletter, August 2023)

Medical Terahertz Technology Market Report Coverage and Deliverables

The “Medical Terahertz Technology Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Medical terahertz technology market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Medical terahertz technology market trends, as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST/Porter’s Five Forces and SWOT analysis
Medical terahertz technology market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the medical terahertz technology market
Detailed company profiles