Market Overview:
The global millimeter wave therapy (MWT) devices market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, such as diabetes and cancer, and the growing demand for non-invasive treatment methods. Based on type, the global millimeter wave therapy (MWT) devices market can be segmented into under 50 GHz and above 50 GHz segments. The under 50 GHz segment is expected to account for a larger share of the global MWT devices market in 2018 owing to its lower cost and easy availability compared with other types of MWT devices. However, the above 50 GHz segment is projected to grow at a higher CAGR during the forecast period due its superior performance characteristics and rising demand from medical applications such as tumor & cancer treatment. Based on application, the global millimeter wave therapy (MWT) devices market can be divided into diabetes treatment, tumor & cancer treatment, pain management, skin care & beauty treatments, and other applications segments. The diabetes treatment application segment is estimated to account for a major share oftheglobal MWTDevicesmarket in2018dueittoits high prevalence worldwide coupled with increasing awareness about availabletreatment optionsamong patients suffering from this disease condition .
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Product Definition:
Millimeter wave therapy devices use millimeter waves, which are a form of electromagnetic radiation, to deliver energy to the body. The devices are used to treat a variety of conditions, including pain and inflammation.
Under 50 GHz:
Under 50 GHz is the millimeter wave range below 3 GHz. It’s a relatively new term in the technology world but has been gaining significant importance over the past few years owing to its wide range of applications and high growth potential. Millimeter waves have wavelengths between 0.1 mm to 10 mm and are generally used for wireless local area network (WLAN) cards, mobile phones, radar systems, satellite communication etc.
Above 50 GHz:
The millimeter wave (MMW) devices are used for the treatment of cancer. The MMW devices are used in various stages of cancer such as pro-metastatic and metastatic. The MMW therapy is mainly used to treat brain tumors, multiple myeloma, liver tumors, breast carcinoma and prostate carcinoma.
The short answer is Yes.
Application Insights:
Diabetes treatment was the largest application segment in 2017 and is expected to grow at a CAGR of XX% over the forecast period owing to increasing prevalence of diabetes and rising demand for advanced therapies, such as radiofrequency ablation, hyperthermia, and photothermal therapy.
Tumor & cancer treatment is expected to be one of the fastest-growing segments during the forecast period due to increasing incidence rates of various cancers around the globe along with rising demand for effective treatments that result in shorter hospital stays and reduced pain & suffering. This segment is further divided into microwave ablation therapy, hyperthermia therapy, photothermal therapy (PTT),and others.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major players such as Qualcomm Inc., and Intel Corporation. The U.S. is expected to be a key revenue contributor in North America region due to the increasing adoption of MMW technology for diagnosis and treatment of various medical conditions, rising healthcare expenditure, and favorable government initiatives pertaining to MMW technology usage for clinical applications.
Asia Pacific regional market is anticipated to witness lucrative growth over the forecast period owing with rapid technological advancements coupled with growing demand for cost-effective & high-quality healthcare solutions that can provide comfort & relief from suffering caused by chronic diseases such as cancer or diabetes is expected drive regional growth over next eight years till 2030 time frame.
Growth Factors:
- Increasing demand for non-invasive and painless treatments: Millimeter wave therapy devices are non-invasive and painless, which is a major factor driving their demand.
- Growing awareness about the benefits of millimeter wave therapy: There is growing awareness about the benefits of millimeter wave therapy, which is helping to drive its adoption.
- Technological advancements: The technology behind millimeter wave therapy devices is constantly evolving, making them more efficient and effective. This is helping to fuel their growth in the market.
- Rising number of chronic diseases: The incidence of chronic diseases such as cancer, obesity, and diabetes is on the rise globally, leading to an increase in demand for millimeter wave therapy devices as a treatment option.
Scope Of The Report
Report Attributes
Report Details
Report Title
Millimeter Wave Therapy (MWT) Devices 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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Millimeter Wave Therapy (MWT) Devices Market Report Segments:
The global Millimeter Wave Therapy (MWT) Devices 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
 Devices Market Overview.svg)
Highlights of The Millimeter Wave Therapy (MWT) Devices 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 (MWT) Devices 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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?
Millimeter wave therapy (MWT) devices are a type of electromagnetic radiation therapy that uses radio waves at frequencies between 0.3 and 300 GHz to treat cancer. Millimeter wave therapy is thought to be more effective than traditional forms of radiation therapy, such as X-rays, because it can penetrate deeper into the body and target specific areas more effectively.
Some of the major players in the millimeter wave therapy (mwt) devices market are Smiths Group, Zimmer MedizinSysteme, Domer Laser, Hubei YJT Technology, Smiths Group.
The millimeter wave therapy (mwt) devices market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Millimeter Wave Therapy (MWT) Devices 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 (MWT) Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Millimeter Wave Therapy (MWT) Devices 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 (MWT) Devices 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 (MWT) Devices Market Size & Forecast, 2020-2028
4.5.1 Millimeter Wave Therapy (MWT) Devices Market Size and Y-o-Y Growth
4.5.2 Millimeter Wave Therapy (MWT) Devices 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 (MWT) Devices 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 (MWT) Devices 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 (MWT) Devices Market: Competitive Dashboard
14.2 Global Millimeter Wave Therapy (MWT) Devices 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
