Global Medical Cyclotron Market, By Type (Ring Cyclotron, Azimuthally Varying Field (AVF) Cyclotron), Product (Cyclotron 10-12 MeV, Cyclotron 16-18 MeV, Cyclotron 19-24 MeV, Cyclotron 24 MeV and Above), Classification (Low Energy Medical Cyclotron, High Energy Medical Cyclotron Type), Application (Diagnostic and Treatment, Research and Development, Others), End User (Hospitals, Diagnostic Centers, Commercial Radioisotope Manufacturers, Research and Academic Institutes), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Medical Cyclotron Market
Medical cyclotron market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 298.47 million by 2028 growing at a CAGR of 9.36% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits of medical cyclotron which will further create lucrative opportunities for the growth of the market.
Medical cyclotron is type of particle accelerator used in diagnosis and treatment of chronic disease such as cancer, cardiovascular disease, and others. A magnet and high electrical voltage are used in the Cyclotron, which accelerates charged particles in a spiral motion. Due to a nuclear reaction, the particles collide with a target to create radioactive isotopes. Therefore, medical cyclotron can also be termed as an isotope producing machine.
Surging volume of patients suffering from cancer, increasing prevalence of geriatric population across the globe, surging levels of investment for the development of better medical techniques, increasing demand for diagnostics treatments with PET scans, rising levels of disposable income of the people along with changes in the lifestyle of the consumer are some of the major as well as vital factors which will likely to augment the growth of the medical cyclotron market in the projected timeframe of 2021-2028. On the other hand, cost advantage as a result of the economy of scale in the number of nuclear medicine scans along with growing number of technological advancements which will further contribute by generating massive opportunities that will lead to the growth of the medical cyclotron market in the above mentioned projected timeframe.
Lack of technical expertise along with stringent regulatory guidelines in installing cyclotron which will likely to act as market restraints factor for the growth of the medical cyclotron in the above mentioned projected timeframe. Increasing need of high capital investment along with commercial availability of isotopes which will become the biggest and foremost challenge for the growth of the market.
This medical cyclotron market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medical cyclotron market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Cyclotron Market Scope and Market Size
Medical cyclotron market is segmented on the basis of type, product, classification, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the medical cyclotron market is segmented into cyclotron 10-12 MEV, cyclotron 16-18 MeV, cyclotron 19-24 MeV, and cyclotron 24 MeV and above.
- On the basis of type, the medical cyclotron market is segmented into ring cyclotron, and azimuthally varying field (AVF) cyclotron.
- Medical cyclotron market has also been segmented based on the end user into hospitals, diagnostic centers, commercial radioisotope manufacturers, and research and academic institutes.
- Based on classification, the medical cyclotron market is segmented into low energy medical cyclotron, and high energy medical cyclotron type.
- On the basis of application, the medical cyclotron market is segmented into diagnostic and treatment, research and development, and others.
Medical Cyclotron Market Country Level Analysis
Medical cyclotron market is analysed and market size insights and trends are provided by country, product, type, classification, application and end user as referenced above.
The countries covered in the medical cyclotron market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the medical cyclotron market due to the increasing investments in healthcare infrastructure, growing demand for cost-effective options along with prevalence of widening base of cancer patients in the region, while Europe is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to the high prevalence of cancer, increasing cancer diagnostic procedures along with rising awareness regarding nuclear scans in the region.
The country section of the medical cyclotron market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Medical cyclotron market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for medical cyclotron market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical cyclotron market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Medical Cyclotron Market Share Analysis
Medical cyclotron market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical cyclotron market.
The major players covered in the medical cyclotron market report are GENERAL ELECTRIC COMPANY; Best Cyclotron Systems, Inc.; Ionetix Corporation; Varian Medical Systems, Inc.; IBA Radiopharma Solutions; Advanced Cyclotron Systems; Sumitomo Heavy Industries, Ltd.; isoSolution Inc.; Siemens Healthcare Private Limited; ALCEN; Ebco Industries Ltd.; ANSTO; UNGER Medizintechnik GmbH & Co.KG; Trasis; Best ABT Molecular Imaging, Inc.; Lightpoint Medical; Atulaya Healthcare; Vega Medical; Global Medical Solutions; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-