Market Overview:
The global millimeter wave therapy instrument market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of diabetes, tumor & cancer, and other chronic diseases. Additionally, the growing awareness about the benefits of millimeter wave therapy is also contributing to the growth of this market. The global millimeter wave therapy instrument market can be segmented on the basis of type and application. On the basis of type, it can be divided into under 50 GHz and above 50 GHz segments. The under 50 GHz segment is expected to account for a larger share in terms of revenue in 2018 as compared to above 50 GHz segment owing its lower cost and easy availability as compared with above 50 GHz instruments.
Product Definition:
The Millimeter Wave Therapy Instrument is a device that uses millimeter waves to treat various medical conditions. The importance of the Millimeter Wave Therapy Instrument is that it can be used to treat a wide variety of medical conditions without the use of drugs or surgery.
Under 50 GHz:
Under 50 GHz, it's usage and growth factor in Millimeter Wave (MMW) therapy instrument market is expected to grow at a significant rate over the forecast period. The high-end technology of MMW radiation has been used for therapeutic purposes by several countries for quite some time now. However, the lack of awareness among people regarding its benefits has resulted in low penetration levels.
Above 50 GHz:
The millimeter wave (MMW) is a part of the electromagnetic spectrum with a frequency between 0.1 and 10 GHz. The MMW has wavelengths between 1mm to 1mms, which is smaller than the infrared light (IR) range of 100-1000nm or x-rays range of 10-20um. The MMW energy radiates in therange from 0.1 to 10 THz, which lies inbetween radio waves and infrared radiation.
Application Insights:
The oncology segment dominated the global market in terms of revenue share in 2017. This is attributed to increasing incidence of cancer across the globe. According to WHO, around 8.6 million people died due to cancer in 2016 and this number is expected to reach about 17 million by 2030 if urgent corrective measures are not taken.
Millimeter wave therapy (MMT) has been proved as an effective alternative for conventional treatment methods such as surgery and chemotherapy owing to its ability to kill tumor cells without causing damage healthy tissues surrounding them.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to the increasing number of clinical trials being held across this region for various applications of MMW therapy. In addition, a rise in chronic diseases that require treatment at shorter intervals is expected to drive the demand for MMW devices over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to factors such as improving healthcare infrastructure and growing patient awareness levels regarding available treatments at hospitals & clinics equipped with millimeter wave equipment. Moreover, an increase in government initiatives aimed at increasing access and coverage for patients using MMW technology are expected to fuel regional market growth during the forecast period (2018-2030).
Growth Factors:
- Increasing demand for millimeter wave therapy instrument in the treatment of chronic pain, sports injuries, and other medical conditions.
- Growing popularity of millimeter wave therapy as a non-invasive alternative to traditional surgery or medication for the treatment of various medical conditions.
- Technological advancements in millimeter wave therapy instruments that offer enhanced performance and accuracy.
- Rising number of research studies supporting the efficacy of millimeter wave therapy for various medical applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Millimeter Wave Therapy Instrument Market Research Report
By Type
Under 50 GHz, Above 50 GHz
By Application
Diabetes Treatment, Tumor & Cancer Treatment
By Companies
Smiths Group, Zimmer MedizinSysteme, Domer Laser, Hubei YJT Technology, Smiths Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Millimeter Wave Therapy Instrument Market Report Segments:
The global Millimeter Wave Therapy Instrument market is segmented on the basis of:
Types
Under 50 GHz, Above 50 GHz
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diabetes Treatment, Tumor & Cancer Treatment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Smiths Group
- Zimmer MedizinSysteme
- Domer Laser
- Hubei YJT Technology
- Smiths Group
Highlights of The Millimeter Wave Therapy Instrument Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Under 50 GHz
- Above 50 GHz
- By Application:
- Diabetes Treatment
- Tumor & Cancer Treatment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Millimeter Wave Therapy Instrument Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A millimeter wave therapy instrument is a medical device that uses millimeter waves to treat various conditions. These waves are smaller than those used in traditional radiotherapy, and they can penetrate deeper into the body than other types of radiation. They are also less damaging to the surrounding tissue, which may make them more desirable for some patients.
Some of the major players in the millimeter wave therapy instrument market are Smiths Group, Zimmer MedizinSysteme, Domer Laser, Hubei YJT Technology, Smiths Group.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Millimeter Wave Therapy Instrument Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Millimeter Wave Therapy Instrument Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Millimeter Wave Therapy Instrument Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Millimeter Wave Therapy Instrument Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Millimeter Wave Therapy Instrument Market Size & Forecast, 2020-2028
4.5.1 Millimeter Wave Therapy Instrument Market Size and Y-o-Y Growth
4.5.2 Millimeter Wave Therapy Instrument Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Under 50 GHz
5.2.2 Above 50 GHz
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Diabetes Treatment
6.2.2 Tumor & Cancer Treatment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Millimeter Wave Therapy Instrument Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Millimeter Wave Therapy Instrument Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Under 50 GHz
9.6.2 Above 50 GHz
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Diabetes Treatment
9.10.2 Tumor & Cancer Treatment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Under 50 GHz
10.6.2 Above 50 GHz
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Diabetes Treatment
10.10.2 Tumor & Cancer Treatment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Under 50 GHz
11.6.2 Above 50 GHz
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Diabetes Treatment
11.10.2 Tumor & Cancer Treatment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Under 50 GHz
12.6.2 Above 50 GHz
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Diabetes Treatment
12.10.2 Tumor & Cancer Treatment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Under 50 GHz
13.6.2 Above 50 GHz
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Diabetes Treatment
13.10.2 Tumor & Cancer Treatment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Millimeter Wave Therapy Instrument Market: Competitive Dashboard
14.2 Global Millimeter Wave Therapy Instrument Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Smiths Group
14.3.2 Zimmer MedizinSysteme
14.3.3 Domer Laser
14.3.4 Hubei YJT Technology
14.3.5 Smiths Group
