DUBLIN, October 26, 2021 /PRNewswire/ — The “Global Terahertz Technology Market – Forecast 2021 to 2026” report has been added to from ResearchAndMarkets.com offer.
Global Terahertz Technology Market is valued at $294.676 million for the year 2019 and is expected to grow at a CAGR of 25.93% to reach a market size of $1,480.070 million by 2026. Terahertz radiation refers to electromagnetic waves propagating at frequencies in the terahertz range. It is used as an indicator of the frequency of infrared, visible and ultraviolet radiation. The use of terahertz technology is increasing due to its ability to penetrate through a wide variety of dielectric materials in addition to its non-ionizing and minimal effect on the human body.
The technology is widely adopted in the pharmaceutical industry over the years. Moreover, tooth decay or tooth decay is one of the most common human disorders. Cavities proceed by the creation of a lesion under the surface of the enamel. Terahertz imaging can distinguish between different tissue types in a human tooth; detect caries at an early stage in the enamel layers of human teeth and monitor early enamel erosion on the tooth surface. Adoption of this technology in several industries will drive the market over the forecast period.
The market has been significantly boosted by increased healthcare expenditures made by several governments to enhance technological advancements in the sector.
The advent of COVID-19 has had a positive impact on the terahertz technology market considering the increase in applications in the healthcare industry in the year 2020. With the outbreak of COVID-19, the terahertz technology market is expected to witness growth with its major application in healthcare, biomedical and security applications.
The technology has been rapidly adopted in the pharmaceutical industry over the years. First, to determine the integrity and thickness of the coating, detect and identify the localized chemical or physical structure. Additionally, the technology is also used to detect impurities. The manufacture of pharmaceutical products is a highly controlled process that requires strict quality rules. If the final product fails to meet the standard set by regulatory agencies, the entire batch is destroyed. This encourages the pharmaceutical industry to work on batch processing techniques. Typically, pharmaceutical companies manufacture a finished product and then use labs to analyze part of the batch to verify the quality of their product. Terahertz radiation has the ability to obtain information about chemical and physical structures and is able to do so in real time in a non-destructive form. This shows potential for the pharmaceutical industry as it is able to specifically determine the structure and properties of the sample to be tested, such as bioavailability, manufacturability, purification, stability, dissolution rate, solubility and other drug performance characteristics.
Main topics covered:
2. Research methodology
3. Executive Summary
4. Market dynamics
4.1. Market factors
4.2. Market constraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining power of end users
4.3.2. The bargaining power of buyers
4.3.3. The threat of new entrants
4.3.4. The threat of substitutes
4.3.5. Competitive rivalry in the industry
4.4. Industry Value Chain Analysis
5. Terahertz Technology Market Analysis, By Type
5.2. Terahertz Imaging
5.3. Terahertz communication system
5.4. Terahertz spectroscopy
6. Terahertz Technology Market Analysis, By Sources
6.2. laser sources
6.3. Semiconductor sources
7. Terahertz Technology Market Analysis, By End-User Application
7.2. Health care
7.3. Food and Agriculture
7.4. Defense & Security
8. Terahertz Technology Market Analysis, By Geography
9. Competitive environment and analysis
9.1. Key Players and Strategic Analysis
9.2. Emerging players and market profitability
9.3. Mergers, acquisitions, agreements and collaborations
9.4. Supplier Competitiveness Matrix
10. Company Profiles
10.1. TeraView Limited
10.2. TOPTICA Photonics SA
10.3. HUBNER GmbH & Co. KG
10.4. Advantest Corporation
10.5. Batop GmbH
10.6. Terasense Group Inc.
10.7. Microtech Instruments Inc.
10.8. Menlo Systems GmbH
10.9. Gentec Electro-optics inc.
10.10. Bakman Technologies
For more information on this report, visit https://www.researchandmarkets.com/r/otke4k
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SOURCE Research and Markets