Medical Terahertz Technology Market Research, Study and Forecast by 2032

The global medical terahertz technology market is poised to reach a value of US$ 768.05 Million by 2032, growing at a CAGR of 17.1% during the forecast period, according to a report by FMI. The pharmaceutical industry is driving market growth due to the increasing applications of terahertz technology in biology and medicine, medical imaging, spectroscopy of materials, sensing, security, monitoring, and spectroscopy. The Terahertz free-electron laser (FEL) is also contributing to the market growth as it provides a powerful and adaptable source of coherent radiation for THz pulsed imaging due to its high power and picosecond pulse time structure. The market valued US$ 135.29 Million in 2022. Key Takeaways from the Medical Terahertz Technology Market The global terahertz imaging market is expected to produce $273.77 million by 2032, increasing at a CAGR of 23.1%. North America is predicted to retain the greatest market share and grow at a fast-paced CAGR of 21.6%. By 2032, Europe mig...