Microwave Imaging Market
Microwave Imaging Market Study by Quantitative and Qualitative for Organ Monitoring and Intensity Monitoring in Hospitals, Clinics, and Ambulatory Surgical Centers From 2024 to 2034
Analysis of Microwave Imaging Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Microwave Imaging Market Outlook (2024 to 2034)
Worldwide revenue from the demand for microwave imaging market is estimated to stand at US$ 3.07 billion in 2024 and is slated to increase at a CAGR of 12.4% and reach a worth of US$ 9.91 billion by 2034.
Technology and applications that utilize electromagnetic radiation at frequencies between several hundred megahertz (MHz) and several hundred gigahertz (GHz) are referred to as microwave imaging. This radiation passes through several optically opaque materials, depending on the frequency (e.g., fog, earth, vegetation, wood, ceramics, brick, concrete, plastics, clothes, and others).
Industry expansion is attributed to the increasing use of SiC and GaN devices in the next generation of amplifier technology.
Microwaves are very efficient and withstand high temperatures. They function effectively under challenging conditions as well. Telecommunication applications are utilizing more precise and technologically sophisticated microwave equipment. Because of their large bandwidth, which enables fast data transfer speeds, they are widely employed. In addition, they have the ability to produce, magnify, detect, and even measure microwaves.
The growing usage of microwave technology in this field for several applications, including radar, communications, and electronic warfare, is responsible for the significant sector share. Microwave radar systems employ it for object detection and tracking. Moreover, it is employed in microwave electronic warfare systems to interfere with adversary communications and radar systems.
The continuous advancement of cutting-edge imaging methods is a key component of this industry. Advances in microwave algorithms and sensors are increasing the precision and effectiveness of imaging procedures.
These developments are essential for improving microwave imaging systems' diagnostic capacities, which will allow medical professionals to diagnose patients more accurately and quickly while also cutting down on the expenses related to conventional imaging techniques.
| Report Attribute | Detail |
|---|---|
| Microwave Imaging Market Size (2024E) | US$ 3.07 Billion |
| Forecasted Market Value (2034F) | US$ 9.91 Billion |
| Global Market Growth Rate (2024 to 2034) | 12.4% CAGR |
| Western Europe Market Growth Rate (2024 to 2034) | 7.2% CAGR |
| East Asia Market Share (2034F) | 9.1% |
| Hospitals Segment Value (2034F) | US$ 5.47 Billion |
| Canada Market Value (2034F) | US$ 577 Million |
| Key Companies Profiled | TMD Technologies Ltd.; L3 Technologies, Inc.; Varex Imaging Corporation; Qorvo, Inc.; Richardson Electronics, Ltd.; Teledyne Technologies Incorporated; MicroWave Technology, Inc.; Thales Group |
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What are the Drivers of the Microwave Imaging Market?
As opined in the microwave imaging industry outlook by Fact.MR analysts the growing healthcare expenditure in several countries is improving hospital infrastructures is creating remunerative opportunities for market players. Moreover, an increasing number of hospitals is one of the major factors driving the market of microwave imaging.
The technology is preferred in the application of identifying the difference between healthy and malignant tissues as similar to other modalities that aid in the screening and identification of diseases. The non-ionizing electromagnetic waves have a role in the rectification of tumors on target scattering.
Technology improvement is also the key involvement in upsurging the microwave imaging numbers in the global market to solve major health issues of patients suffering from major health problems, such as cancer and others. The lack of awareness about microwave imaging use and the high cost of microwave imaging and other factors are the hindrances to the microwave imaging market.
The rise in the global geriatric population is anticipated enhancing demand for the medical imaging field, which is expected to favor the growth in microwave imaging in the forecast period. This technique is preferred for being fast and precise and aids in powerful functional imaging in all 3 dimensions.
Segment wise Insights
In microwave imaging industry analysis, the global market is divided into qualitative and quantitative based on the dielectric properties of tissues. The blood flow rates, water content, and temperature are factors that have a strong impact on the imaging type to be used. Moreover, the X-rays and CT scans are gaining faster CAGR in the forecast period. Larger growth for potentially high growth market players will stay limited to only some companies.
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Opportunities in Microwave Imaging
The imaging modality is about to witness pioneering steps into the clinical field where one realizes the presence of novel avenues for market entrants. The companies have the potential scope to bridge the market gap among the current spectrum and modalities of images. The large market vendors are considering safe and versatile, cost-effective modalities, which opens a chance for creating a pioneering trend in medical applications.
The microwave imaging market is primarily driven by an increasing number of hospitals and awareness about health management. As the number of patients suffering from various types of cancer and other diseases is increasing in various geographical regions will increase the demand of the microwave imaging market for visualization of real-time images of disease areas.
The new improved microwave imaging is the driving factor for the market expansion. Constant improvements in microwave imaging help healthcare professionals manage patients suffering from several cancers, especially breast cancer problems in a much better way.
Regional Outlook
Geographically, the Microwave Imaging market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, the Middle East, and Africa. North America has the major market for microwave imaging as the healthcare expenditures are greater than the other regions, Improved healthcare systems along with the presence of major players in the regions are the factors for a larger share in the market of Microwave Imaging.
Europe and Asia Pacific are the growing markets for microwave imaging as healthcare costs are increasing and the increasing number of hospitals are the factors driving the market for microwave imaging within the region. Increasing focus on healthcare in MEA is a factor in increasing the demand for the microwave imaging market.
Based on end users, this market is dominated by hospitals and Diagnosis centers. The hospitals see a large demand for microwave imaging owing to the availability of government funds that give financial relief to patients undergoing testing. Alongside these hospitals are anticipated to experience a rise in patients due to increasing injuries in the forecast duration. There are wide single and multiple applications for microwave imaging.
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Recent development
- In 2022, Richardson Electronics announced a global sales distribution agreement with another leading company in the field Altum RF. This is intended to gain the benefit of partner firms’ expertise and enhance the applications in terms of switches and amplifiers.
- The two startup firms in the field of imaging namely Micrima in the United Kingdom and EMTensor from Austria are researching large-scale clinical studies that showcase the clinical imaging that is ready for usage.
Segmentations of Microwave Imaging Market Research
-
By Product Type :
- Quantitative
- Qualitative
-
By Application Type :
- Organ Monitoring
- Intensity Monitoring
-
By End User :
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. Application Type
- 6.3. End User
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Quantitative
- 7.2. Qualitative
- 8. Global Market Analysis and Forecast, By Application Type
- 8.1. Organ Monitoring
- 8.2. Intensity Monitoring
- 9. Global Market Analysis and Forecast, By End User
- 9.1. Hospitals
- 9.2. Clinics
- 9.3. Ambulatory Surgical Centres
- 9.4. Others
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Product Type, Application Type, and End User for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Thales Group
- 20.2. Teledyne Technologies Incorporated
- 20.3. Richardson Electronics, Ltd.
- 20.4. Qorvo, Inc
- 20.5. L3 Technologies
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List Of Table
Table 1: Global Market US$ Bn Forecast by Region
Table 2: Global Market US$ Bn Forecast by Product Type
Table 3: Global Market US$ Bn Forecast by Application Type
Table 4: Global Market US$ Bn Forecast by End User
Table 5: North America Market US$ Bn Forecast by Country
Table 6: North America Market US$ Bn Forecast by Product Type
Table 7: North America Market US$ Bn Forecast by Application Type
Table 8: North America Market US$ Bn Forecast by End User
Table 9: Latin America Market US$ Bn Forecast by Country
Table 10: Latin America Market US$ Bn Forecast by Product Type
Table 11: Latin America Market US$ Bn Forecast by Application Type
Table 12: Latin America Market US$ Bn Forecast by End User
Table 13: Western Europe Market US$ Bn Forecast by Country
Table 14: Western Europe Market US$ Bn Forecast by Product Type
Table 15: Western Europe Market US$ Bn Forecast by Application Type
Table 16: Western Europe Market US$ Bn Forecast by End User
Table 17: Eastern Europe Market US$ Bn Forecast by Country
Table 18: Eastern Europe Market US$ Bn Forecast by Product Type
Table 19: Eastern Europe Market US$ Bn Forecast by Application Type
Table 20: Eastern Europe Market US$ Bn Forecast by End User
Table 21: East Asia Market US$ Bn Forecast by Country
Table 22: East Asia Market US$ Bn Forecast by Product Type
Table 23: East Asia Market US$ Bn Forecast by Application Type
Table 24: East Asia Market US$ Bn Forecast by End User
Table 25: South Asia & Pacific Market US$ Bn Forecast by Country
Table 26: South Asia & Pacific Market US$ Bn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Bn Forecast by Application Type
Table 28: South Asia & Pacific Market US$ Bn Forecast by End User
Table 29: MEA Market US$ Bn Forecast by Country
Table 30: MEA Market US$ Bn Forecast by Product Type
Table 31: MEA Market US$ Bn Forecast by Application Type
Table 32: MEA Market US$ Bn Forecast by End User
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Application Type
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by End User
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the key factor in upsurge in the microwave imaging number?
Technology improvements help to solve major health issues for patients suffering from major health problems, such as cancer and others.
What is the future microwave imaging industry outlook for this market?
The market is further evaluated to surpass a valuation of US$ 9.91 billion by the end of 2034.
What is the rate of projected market growth for the forecast period?
The industry is forecasted to grow with a CAGR of 12.4% in the forecast period.
Who are the key companies mentioned in the microwave imaging industry analysis?
The key market players are Thales Group, Teledyne Technologies Incorporated, Qorvo, Inc., and L3 Technologies.
How big is this market at present?
The global microwave imaging market valuation is US$ 3.07 billion in 2024.
Microwave Imaging Market