South & Central America 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 South & Central America medical terahertz technology market is expected to grow from US$ 5.71 million in 2022 to US$ 14.01 million by 2028. It is estimated to grow at a CAGR of 16.1% from 2022 to 2028.
Recent Advances in Terahertz Technology for Biomedical Applications is Driving the South & Central America Medical Terahertz Technology Market
THz instrumentation has substantially advanced recently, making THz imaging systems more accessible and user-friendly. THz systems can now be used by people who are not professionals in the field, considerably advancing the study of numerous prospective applications. There is growing interest in biomedical applications, including both in vivo and ex vivo research, because of the non-ionizing properties of THz light and its high sensitivity to soft tissues. The THz research and technology field exploded with the introduction of femtosecond laser-based THz time-domain spectroscopy (THz TDS) and THz imaging techniques. THz-TDS systems, for instance, have been used in practical applications such as detecting and identifying chemicals, explosives, drugs, and pharmaceuticals, as well as the non-destructive examination of pharmaceutical tablets. These applications go beyond basic science and include investigating various motion modes of molecules, crystal lattice vibration, optimizing materials for new solar cells, and others. Additionally, a vital technology for the subsequent generation of airport security scanners is the passive THz imaging approach. Therefore, the advancement in terahertz technology for biomedical applications is expected to contribute significantly to the medical terahertz technology market growth during the forecast period.
South & Central America Medical Terahertz Technology Market Overview
Based on region, the South & Central America market for medical terahertz technology is segmented into Brazil, Argentina, and the Rest of South and Central America. The region is characterized by a mixed growth scenario, with some countries having complex macroeconomic and political environments. Despite many challenges, governments' positive initiatives are helping most of these countries' economies grow reasonably during the forecast period. The developing economies such as Brazil, Argentina, Chile, and Peru are investing substantially in infrastructure and industrial development. Brazil is experiencing a significant epidemiological shift as the burden of non-communicable diseases (NCDs), such as cancer. The nation is going through a period of economic hardship simultaneously, with severely limited financial resources. The present funds are available to train community health workers. In that case, the public healthcare system, with its focus on primary care, presents a chance to provide integrated care for the growing population of cancer survivors at a reasonable cost. According to WHO, 18.3% of women and 23.8% of men are expected to develop cancer before the age of 75 in Brazil. Increasing cancer cases is the primary factor promoting the cancer diagnostic market. Due to technological advancement, terahertz technology can be widely used in Brazil's cancer imaging process.
South & Central America Medical Terahertz Technology Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Medical Terahertz Technology Market Segmentation
The South & Central America medical terahertz technology market is segmented into type, application, and country.
Based on type, the South & Central America medical terahertz technology market is segmented into terahertz imaging and terahertz spectroscopy. The terahertz imaging segment held the largest share of the South & Central America medical terahertz technology market in 2022.
Based on application, the South & Central America 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 South & Central America medical terahertz technology market.
Based on country, the South & Central America medical terahertz technology market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the market share in 2022.
Advantest Corporation; Luna Innovations Inc.; Microtech Instrument Inc.; Terasense Group Inc. are the leading companies operating in the South & Central America 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 South America Medical Terahertz Technology Market – By Type
1.3.2 South America Medical Terahertz Technology Market – By Application
1.3.3 South America Medical Terahertz Technology Market – By Country
2. South America Medical Terahertz Technology Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Medical Terahertz Technology Market – Market Landscape
4.1 Overview
4.2 South America PEST Analysis
4.3 Experts Opinion
5. South America 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 – South America Analysis
6.1 South America Medical Terahertz Technology Market Revenue Forecast and Analysis
7. Medical Terahertz Technology Market Analysis and Forecast to 2028 – Type
7.1 Overview
7.2 South America 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 South America 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. South America Medical Terahertz Technology Market Analysis and Forecasts To 2028 – Country Analysis
9.1 Overview
9.1.1 South America Medical Terahertz Technology Market Revenue and Forecast to 2028, By Country (%)
9.1.1.1 Brazil: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.1.1 Overview
9.1.1.1.2 Brazil Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.1.3 Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.1.3.1 Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.1.3.2 Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.1.4 Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
9.1.1.2 Argentina: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.3 Overview
9.1.1.3.1 Argentina Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.3.2 Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.3.2.1 Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.3.2.2 Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.3.3 Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
9.1.1.4 Rest of South & Central America: Medical Terahertz Technology Market – Revenue and Forecast to 2028 (USD Thousand)
9.1.1.4.1 Overview
9.1.1.4.2 Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
9.1.1.4.3 Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
9.1.1.4.3.1 Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
9.1.1.4.3.2 Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
9.1.1.4.4 Rest of South & Central America 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 Terasense Group Inc.
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 Microtech Instrument Inc.
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 Luna Innovations 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
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 2. Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 3. Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 4. Brazil Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 5. Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 6. Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 7. Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 8. Argentina Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 9. Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Type (USD Thousand)
Table 10. Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Imaging (USD Thousand)
Table 11. Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Terahertz Spectroscopy (USD Thousand)
Table 12. Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecasts To 2028, By Application (USD Thousand)
Table 13. Recent Organic Growth Strategies in The Medical Terahertz Technology Market
Table 14. Recent Inorganic Growth Strategies in The Medical Terahertz Technology Market
Table 15. Glossary of Terms, South America Medical Terahertz Technology Market
LIST OF FIGURES
Figure 1. South America Medical Terahertz Technology Market Segmentation
Figure 2. South America Medical Terahertz Technology Segmentation, by Country
Figure 3. South America Medical Terahertz Technology Market Overview
Figure 4. Terahertz Imaging Segment Held Largest Share of Product Segment in South America Medical Terahertz Technology Market
Figure 5. Brazil is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. South America: PEST Analysis
Figure 7. Experts Opinion
Figure 8. South America Medical Terahertz Technology Market Impact Analysis of Drivers and Restraints
Figure 9. South America Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 10. South America 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. South America 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. South America Medical Terahertz Technology Market Revenue Overview, By Country, 2022 (USD Thousand)
Figure 21. South America Medical Terahertz Technology Market Revenue and Forecast to 2028, By Country (%)
Figure 22. Brazil Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 23. Argentina Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 24. Rest of South & Central America Medical Terahertz Technology Market Revenue and Forecast to 2028 (USD Thousand)
Figure 25. Growth Strategies in The Medical Terahertz Technology Market, 2018-2022
- Advantest Corporation
- Luna Innovations Inc.
- Microtech Instrument Inc.
- Terasense Group Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South & Central America 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 South & Central America 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 South & Central America 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