July 13, 2022 09:29 ET | Source: The Insight Partners The Insight Partners

New York, July 13, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on "Medical Terahertz Technology Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and Geography," rising demand for noninvasive techniques for the early detection of cancer and increasing use of terahertz technology in dental care are driving the medical terahertz technology market.

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Medical Terahertz Technology Market Report Scope & Strategic Insights:

Medical Terahertz Technology Market: Competitive Landscape and Key Developments

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 are the key companies operating in the medical terahertz technology market.

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Terahertz technology is also used for diagnosing dental disorders. As per the CDC, in 2019, in the US, 13.2% of children aged 5-19 years and 25.9% of adults aged 20-44 have untreated dental caries. The presence of major market players in the country offering medical terahertz systems is likely to favor market growth. For instance, Terasense Group Inc. is a leading manufacturer of innovative portable terahertz (THz) imaging systems, Terahertz imaging cameras, THz sources, and THz detectors. It offers a cutting-edge technological product portfolio and several competitive advantages.

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Spain, Italy, the UK, France, and Germany have been the worst affected European countries during the COVID-19 pandemic. The Medical Device Regulation in the EU requires manufacturers to perform Post Market Clinical Follow-ups to study the performance of medical devices. The COVID-19 outbreak delayed the clinical trials and disrupted supply chain processes. The healthcare & medical device industry faced severe challenges due to sudden movement restrictions and substantially reduced industrial activities. The manufacturing of medical devices was reduced to 60%. Further, the production of medical devices decreased, which hampered the medical terahertz technology Germany. During the first quarter of 2021, the medical device market fully recovered due to the relaxation of lockdown. Moreover, research indicates that terahertz spectroscopy has the potential to diagnose COVID-19 infection, which boosted the growth of the medical terahertz technology market.

The growing demand for biomedical diagnosis techniques that can offer morphological, chemical, or functional information for early, noninvasive, label-free detection has facilitated hard collaborations between various scientific fields. With gradual advancements in technologies, numerous new contemporary diagnostics systems are being researched and verified as complementary biomedical approaches to the traditional ones.

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Medical Terahertz Technology Market: Segmental Overview

Based on type, the medical terahertz technology market is bifurcated into terahertz imaging and terahertz spectroscopy. The market for the terahertz imaging segment is further segmented into active and passive. On the other hand, the market for terahertz spectroscopy is further bifurcated into time domain and frequency domain. Terahertz imaging is one of the most promising techniques in biomedical science. THz imaging of biological tissues is more favorable than other methods because THz waves are sensitive to polar compounds, such as water, in biomolecules. The spatial resolution of THz imaging can reach several tens of micrometers. Its powerful penetrating capacity can be utilized in the tomography of biological systems.

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Terahertz Technology Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Terahertz Sources, Terahertz Detectors), Type (Terahertz Imaging Systems, Terahertz Spectroscopy Systems, and Terahertz Communication System), and Application ( Medical and Healthcare, Defense and Security, Food and Agriculture, Industrial, Semiconductor, and Others), and Geography

Near Infrared Spectroscopy Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Benchtop Spectroscopes, Portable Spectroscopes, Others); End-user (Healthcare, Chemicals, Food and Beverages, Others) and Geography

X-Ray Photoelectron Spectroscopy Market to 2027 - Global Analysis and Forecast by Product Type (Monochromatic X-ray Photoelectron Spectroscopy, Non-Monochromatic X- ray Photoelectron Spectroscopy); Usage (Element Detection, Contamination Detection, Density Estimation, Empirical formula Determination, Others); Application (Healthcare, Aerospace, Automotive, Others), and Geography

Terahertz Imaging Detection Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Passive Terahertz Imaging, Active Terahertz Imaging); Application (Transportation and Public Safety, Industrial, Medicine and Biomedicine, Others) and Geography

Infrared and Terahertz Spectroscopy Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Spectrum (Near-Infrared Radiation (NIR), Mid-Infrared Radiation (MIR), and Far-Infrared Radiation (FIR)); Usability (Semiconductors, Homeland Security, Non-Destructive Testing, and Research and Development (Biomedical)); Technology (Benchtop, Microscopy, Portable and Handheld, and Hyphenated); End Use (Pharmaceuticals and Biotechnology, Industrial Chemistry, Food and Beverage Testing, Environmental Testing, and Other), and Geography

Terahertz Body Scanning Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Technology Type (Standalone, Integrated); Scanner Type (Fixed, Portable); Application (Public Places, Airport Checkpoints, Train Stations and Subways, Others) and Geography

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