The Europe medical terahertz technology market is expected to grow from US$ 39.90 million in 2022 to US$ 101.84 million by 2028. It is estimated to grow at a CAGR of 16.9% from 2022 to 2028.
Rising Demand for Non-Invasive Technique for Early Detection of Cancer is Driving the Europe Medical Terahertz Technology Market
THz pulse imaging, THz time-domain spectroscopy (TDS-THz), continuous-wave terahertz (CW-THz), and other non-invasive terahertz generation/detection approaches are among the most promising for detecting cancer. Terahertz imaging produces a stronger contrast image of the diseased tissue because diseased tissue has a higher water content than healthy tissue, which may allow for a more precise definition of early-stage malignancies’ exact margin (border). In real-time, terahertz imaging can help a doctor avoid removing healthy tissue around a tumor as a safety margin during breast cancer surgery. They can ensure that all sick tissue is removed, avoiding the need for multiple operations and lowering the patient’s risk. THz technologies also demonstrated their potential uses in the biomedical sciences, including both potential innovative diagnostic procedures for skin tumors and potential novel treatments for skin malignancies and other skin conditions. Overall, the burden of cancer incidence and death is increasing, reflecting population aging, is the key cancer risk factors, are the factors driving the market growth
Europe Medical Terahertz Technology Market Overview
Terahertz (THz) is nonionizing radiation that makes it safe for living tissues. It can be used safely to pick up several types of explosives, compounds used in pharmaceutical ingredients, and illegal narcotics. Cardiovascular disease is the major cause of death in the European Union. According to Eurostat, in 2019, Germany conducted 45,400 heart bypass surgery. As per Cancer Atlas, in 2018, 3.9 million new cancer cases and 1.9 million cancer-related deaths were reported in Europe. Furthermore, breast cancer is the leading type of cancer, which contributes to 523,000 new cases, or 13% of all cancer cases. Terahertz technology is applied in the field of biology and medicine, such as medical imaging, cancer diagnosis, and material spectroscopy. Thus, the growing number of diseases are expected to boost the medical terahertz technology market growth. In 2019, an EU-funded initiative, the THEIA project using THz technology, has laid the foundation for application in biology, medicine, material science, and security using the unique properties of THz waves. It will be used to develop novel scanners and imaging systems. The THz spectrum possesses unique fingerprints for compounds such as polymers, proteins, amino acids, drugs, and explosives. Therefore, this technology can be used in security scanners. It will help recognize drugs, explosives, and other illicit substances. Thus, growing research in medical THz technology will fuel the growth of the Europe medical terahertz technology market .
Europe Medical Terahertz Technology Market Revenue and Forecast to 2028 (US$ Million)
Europe Medical Terahertz Technology Market Segmentation
The Europe medical terahertz technology market is segmented into type, application, and country.
Based on type, the Europe medical terahertz technology market is segmented into terahertz imaging and terahertz spectroscopy. The terahertz imaging segment held the largest share of the Europe medical terahertz technology market in 2022.
Based on application, the Europe 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 Europe medical terahertz technology market.
Based on country, the Europe medical terahertz technology market is segmented into France, Germany, Italy, Spain, the UK, Russia, and the Rest of Europe. Germany dominated the market share in 2022.
Acal BFi Limited; Advantest Corporation; H?BNER GmbH & Co. KG; 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 Europe medical terahertz technology market.