Asia Pacific Medical Terahertz Technology Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Terahertz Imaging and Terahertz Spectroscopy) and Application (Oncology, Dentistry, Dermatology, Tomography, Biochemistry, and Others)
The Asia Pacific medical terahertz technology market is expected to grow from US$ 28.93 million in 2022 to US$ 76.77 million by 2028. It is estimated to grow at a CAGR of 17.7% from 2022 to 2028.
Rapid Development of Coherent THz Sources is Driving the Asia Pacific Medical Terahertz Technology Market
Due to recent technological advancements, Terahertz (THz) radiation can currently be produced and coherently detected. As a result, the advantages of this method for THz spectroscopy and imaging in biomedicine have been quickly appreciated. The last ten years have seen a sharp increase in the applications of THz pulsed imaging (TPI). The terahertz (THz) free-electron laser (FEL) is a very appealing THz source of coherent radiation due to its high power and adaptable picoseconds-pulse time structure. According to recent research and development, free-electron laser (FEL) THz radiation is a very attractive THz source of coherent radiation. Applications may be made in various fields, including imaging, material science, biology and medicine, communication, and diagnostics. Hard collaboration between various scientific fields resulted from the growing demand for biomedical diagnosis techniques that can offer morphological, chemical, or functional information for early, non-invasive, label-free detection. As a result of technology advancements, numerous new contemporary diagnostics systems are being researched and verified as complementary biomedical approaches to the traditional ones. These systems encompass a range of scales, from macromolecules to tissues and organs. Therefore, such development presents various opportunities for the future growth of medical terahertz technology market players.
Asia Pacific Medical Terahertz Technology Market Overview
The Asia Pacific medical terahertz technology market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. The commercialization of terahertz technology applications in Asia Pacific's developing economies is in its introductory stages. However, countries including China, India, and Japan are increasingly taking initiatives to encourage the adoption of terahertz technology, such as substantial investment in R&D, which is boosting demand for terahertz-based products in the region. Increasing product launches are one of the major factors driving the growth of Asia Pacific terahertz technology. The number of people receiving diagnostic tests and cardiovascular disease patients in the area is rising steadily. Invasive technologies are still in demand in the Asia Pacific area compared to non-invasive treatments, which are anticipated to develop at their fastest rate over the forecast period due to the market's increased potential. Thus, the factors mentioned above are driving the Asia Pacific medical terahertz technology market growth.
Asia Pacific Medical Terahertz Technology Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Medical Terahertz Technology Market Segmentation
The Asia Pacific medical terahertz technology market is segmented into type, application, and country.
Based on type, the Asia Pacific medical terahertz technology market is segmented into terahertz imaging and terahertz spectroscopy. The terahertz imaging segment held the largest share of the Asia Pacific medical terahertz technology market in 2022.
Based on application, the Asia Pacific medical terahertz technology market is segmented into oncology, dentistry, dermatology, tomography, biochemistry, and others. In 2022, the oncology segment is likely to hold the largest share of the Asia Pacific medical terahertz technology market.
Based on country, the Asia Pacific medical terahertz technology market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
Advantest Corporation; Insight Product Company; Luna Innovations Inc.; Menlo Systems GmbH; Microtech Instrument Inc.; Terasense Group Inc.; Teraview limited; and Toptica Photonics AG are the leading companies operating in the Asia Pacific medical terahertz technology market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Medical Terahertz Technology Market – By Type
1.3.2 Asia Pacific Medical Terahertz Technology Market – By Application
1.3.3 Asia Pacific Medical Terahertz Technology Market – By Country
2. Asia Pacific Medical Terahertz Technology Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Medical Terahertz Technology Market – Market Landscape
4.1 Overview
4.2 Asia Pacific PEST Analysis
4.3 Experts Opinion
5. Asia Pacific Medical Terahertz Technology Market – Key Market Dynamics
5.1 Key Drivers
5.1.1 Rising Demand for Non-Invasive Technique for Early Detection of Cancer
5.1.2 Increasing Use of Terahertz Technology in Dental Care
5.2 Market Restraints
5.2.1 Challenges Related to Imaging Resolution
5.3 Market Opportunities
5.3.1 Rapid Development of Coherent THz Sources
5.4 Future Trends
5.4.1 Recent Advances in Terahertz Technology for Biomedical Applications
5.5 Impact Analysis
6. Medical Terahertz Technology Market – Asia Pacific Analysis
6.1 Asia Pacific Medical Terahertz Technology Market Revenue Forecast and Analysis
7. Medical Terahertz Technology Market Analysis and Forecast to 2028 – Type
7.1 Overview
7.2 Asia Pacific Medical Terahertz Technology Market, by Type, 2022 & 2028 (%)
7.3 Terahertz Imaging
7.3.1 Overview
7.3.2 Terahertz Imaging Market Revenue and Forecast to 2028 (USD Thousand)
7.4 Terahertz Spectroscopy
7.4.1 Overview
7.4.2 Terahertz Spectroscopy Market Revenue and Forecast to 2028 (USD Thousand)
8. Medical Terahertz Technology Market Analysis and Forecast to 2028 – Application
8.1 Overview
8.2 Asia Pacific Medical Terahertz Technology Market, by Application, 2022 & 2028 (%)
8.3 Oncology
8.3.1 Overview
8.3.2 Oncology Market Revenue and Forecast to 2028 (USD Thousand)
8.4 Dentistry
8.4.1 Overview
8.4.2 Dentistry Market Revenue and Forecast to 2028 (USD Thousand)
8.5 Dermatology
8.5.1 Overview
8.5.2 Dermatology Market Revenue and Forecast to 2028 (USD Thousand)
8.6 Tomography
8.6.1 Overview
8.6.2 Tomography Market Revenue and Forecast to 2028 (USD Thousand)
8.7 Biochemistry
8.7.1 Overview
8.7.2 Biochemistry Market Revenue and Forecast to 2028 (USD Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecast to 2028 (USD Thousand)
9. Asia Pacific Medical Terahertz Technology Market Analysis and Forecasts To 2028 – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Medical Terahertz Technology Market Revenue and Forecast to 2028, By Country (%)
9.1.1.1 China: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.1.1.1 Overview
9.1.1.1.2 China Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.1.3 China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.1.3.1 China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.1.3.2 China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.1.4 China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
9.1.1.2 Japan: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.1.2.1 Overview
9.1.1.2.2 Japan Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.2.3 Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.2.3.1 Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.2.3.2 Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.2.4 Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
9.1.1.3 India: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.1.3.1 Overview
9.1.1.3.2 India Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.3.3 India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.3.3.1 India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.3.3.2 India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.3.4 India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
9.1.1.4 South Korea: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.1.4.1 Overview
9.1.1.4.2 South Korea Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.4.3 South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.4.3.1 South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.4.3.2 South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.4.4 South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
9.1.1.5 Australia: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.1.5.1 Overview
9.1.1.5.2 Australia Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.5.3 Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.5.3.1 Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.5.3.2 Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.5.4 Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
9.1.1.6 Rest of Asia Pacific: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.1.6.1 Overview
9.1.1.6.2 Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.6.3 Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.6.3.1 Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.6.3.2 Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.6.4 Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
10. Medical Terahertz Technology Market–Industry Landscape
10.1 Overview
10.2 Growth Strategies in The Medical Terahertz Technology Market, 2018-2022
10.3 Organic Developments
10.3.1 Overview
10.3.2 Organic Growth Strategies in The Medical Terahertz Technology Market, 2018-2022
10.4 Inorganic Developments
10.4.1 Overview
10.4.2 Inorganic Growth Strategies in Terahertz Technology Market, 2018-2022
11. Medical Terahertz Technology Market–Key Company Profiles
11.1 Advantest Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Teraview limited
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Toptica Photonics AG
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Terasense Group Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Microtech Instrument Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Menlo Systems GmbH
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Luna Innovations Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Insight Product Company
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 2. China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 3. China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 4. China Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 5. Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 6. Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 7. Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 8. Japan Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 9. India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 10. India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 11. India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 12. India Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 13. South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 14. South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 15. South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 16. South Korea Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 17. Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 18. Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 19. Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 20. Australia Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 21. Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 22. Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 23. Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 24. Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 25. Recent Organic Growth Strategies in The Medical Terahertz Technology Market
Table 26. Recent Inorganic Growth Strategies in The Medical Terahertz Technology Market
Table 27. Glossary of Terms, Asia Pacific Medical Terahertz Technology Market
LIST OF FIGURES
Figure 1. Asia Pacific Medical Terahertz Technology Market Segmentation
Figure 2. Asia Pacific Medical Terahertz Technology Segmentation, by Country
Figure 3. Asia Pacific Medical Terahertz Technology Market Overview
Figure 4. Terahertz Imaging Segment Held Largest Share of Product Segment in Asia Pacific Medical Terahertz Technology Market
Figure 5. Asia Pacific Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Experts Opinion
Figure 8. Asia Pacific Medical Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 10. Asia Pacific Medical Terahertz Technology Market, by Type, 2022 & 2028 (%)
Figure 11. Terahertz Imaging Market Revenue and Forecast to 2028 (USD Thousand)
Figure 12. Terahertz Spectroscopy Market Revenue and Forecast to 2028 (USD Thousand)
Figure 13. Asia Pacific Medical Terahertz Technology Market, by Application, 2022 & 2028 (%)
Figure 14. Oncology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 15. Dentistry Market Revenue and Forecast to 2028 (USD Thousand)
Figure 16. Dermatology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 17. Tomography Market Revenue and Forecast to 2028 (USD Thousand)
Figure 18. Biochemistry Market Revenue and Forecast to 2028 (USD Thousand)
Figure 19. Others Market Revenue and Forecast to 2028 (USD Thousand)
Figure 20. Asia Pacific Medical Terahertz Technology Market Revenue Overview, By Country (2022) (USD Thousand)
Figure 21. Asia Pacific Medical Terahertz Technology Market Revenue and Forecast to 2028, By Country (%)
Figure 22. China Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 23. Japan Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 24. India Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 25. South Korea Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 26. Australia Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 27. Rest of Asia Pacific Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 28. Growth Strategies in The Medical Terahertz Technology Market, 2018-2022
- Advantest Corporation
- Insight Product Company
- Luna Innovations Inc.
- Menlo Systems GmbH
- Microtech Instrument Inc.
- Terasense Group Inc.
- Teraview limited
- Toptica Photonics AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific medical terahertz technology market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific medical terahertz technology market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the medical terahertz technology market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution