Press release
Medical Terahertz Technology Market is anticipated to grow further till USD 656.4 million by 2031 | Teraview limited, Toptica Photonics AG, Terasense Group Inc., Microtech Instrument Inc.
Global Medical Terahertz Technology Market report from Global Insight Services is the single authoritative source of intelligence on Medical Terahertz Technology Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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The term terahertz (THz) refers to electromagnetic waves with frequencies roughly between infrared and millimetre waves, or from 300 GHz to 10 THz. THz radiation is significantly absorbed by intermolecular interactions, such as the hydrogen bonds in water and the N-H bonds in proteins. This means that it is particularly sensitive to little changes that could point to the presence of sickness, including an increase in blood flow or water content.
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With applications in biology and medicine, medical imaging, material spectroscopy and sensing, security, monitoring, and pharmaceutical industry spectroscopy, terahertz technology is a rapidly expanding discipline.
Market Trends and Drivers
One of the technologies with the quickest rate of development is terahertz technology, which has applications in high-data-rate communications, material sensing and spectroscopy, medical imaging, and biology and medicine. Growing demand from the pharmaceutical industry for monitoring and spectroscopy application, surge in the adoption of terahertz systems in laboratory research, growing significance of terahertz technology for satellite computing and communication, and growing use of terahertz technology based scanners, cameras, and other devices in the medical, homeland security, and defence sectors are expected to improve the growth of the market.
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Global Medical Terahertz Technology Market Segmentation
By Type
Terahertz Imaging
Terahertz Spectroscopy
By Application
Oncology
Dentistry
Dermatology
Tomography
Biochemistry
Others
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Major Players in the Global Medical Terahertz Technology Market
The major key players analyzed in the report are Acal BFi Limited, Advantest Corporation, Teraview limited, Toptica Photonics AG, Terasense Group Inc., Microtech Instrument Inc., Menlo Systems GmbH, HÜBNER GmbH & Co. KG, Luna Innovations Inc., and Insight Product Company among others.
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