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Home ➤ Life Science ➤ Healthcare ➤ Medical Cyclotron Market
Medical Cyclotron Market
Medical Cyclotron Market
Published date: March 2023 • Formats:
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  • Home ➤ Life Science ➤ Healthcare ➤ Medical Cyclotron Market

Global Medical Cyclotrons Market By Product Type (Cyclotron 10-12 MeV, Cyclotron 16-18 MeV, Cyclotron 19-24 MeV, and Cyclotron 24 MeV & above), By Application (Hospitals, and Institutes), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Published date: March 2023
  • Report ID: 15475
  • Number of Pages: 366
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
  • Quick Navigation

    • Medical Cyclotron Market Overview:
    • Global Medical Cyclotrons Market Scope:
    • Кеу Маrkеt Ѕеgmеntѕ:
    • Market Dynamics:
    • Regional Analysis:
    • Key Regions and Countries covered іn thе rероrt:
    • Market Share & Key Players Analysis:
    • Маrkеt Кеу Рlауеrѕ:

    Medical Cyclotron Market Overview:

    In 2021, the global market for medical cyclotrons was worth USD 180.6 million. The market is expected to grow at a CAGR in excess of 10.7% over the forecast period.

    Market growth is driven by the rising incidence of cancer and a growing preference for nuclear scans to provide an accurate diagnosis. There are also cost advantages over outsourced radioactive tracer tracers.

    Global Medical Cyclotrons Market Scope:

    Product Type Analysis

    The market can be divided into four segments based on product: 10-12 MeV to 16-18 MeV, 19-24 MeV, 24 MeV, and higher. The market was dominated by cyclotrons between 16 and 18 MeV, which accounted for over 53.4% of total market revenue in 2021. This segment’s growth can be attributed to the rising demand for nuclear scans and the growing prevalence of cancer. A significant share of the market is also held by cyclotrons with a range between 10-12 MeV. They are used in hospitals and diagnostic centers that perform nuclear scans.

    The cyclotrons that are in the 10-12 MeV range are smaller than other particle accelerators. There are two options available for healthcare professionals: shielded and unshielded. Dual-particle capability is provided by these devices, which are capable of absorbing dual-target radiations such as a proton beam current between 60 mA and 130 mA or a deuteron beam current between 60 mA and 60 mA. The Asia Pacific is home to the most cyclotrons within the 16-18 MeV range, due to the higher demand for nuclear scans at hospitals and diagnostic centers.

    The demand for medical cyclotrons will rise due to the increasing acceptance of PET-associated medical accelerators in the diagnosis and treatment of cancer. The demand for nuclear scans is increasing due to increased awareness of cancer. The global medical cyclotron market is expected to grow due to increased demand for nuclear scans, and an increase in awareness about cancer.

    medical cyclotrons market analysis

    Кеу Маrkеt Ѕеgmеntѕ:

    By Product Type

    • Cyclotron 16-18 MeV
    • Cyclotron 10-12 MeV
    • Cyclotron 19-24 MeV
    • Cyclotron 24 MeV & above

    By Application

    • Hospital
    • Institute

    Market Dynamics:

    Global demand is driven by the increasing need for products with advantages like ease of installation, low maintenance costs, and flexibility in creating complex shapes. The changing needs of consumers are driving the demand for new products, such as concrete, steel, and polyvinyl chloride.

    Markets are becoming more popular as viable alternatives to traditional ones due to longer-lasting durability, higher corrosion resistance, and easier handling due to the lower weight. As a result, the market is seeing a rise in acceptance of its use in various applications. Medical cyclotrons offer many advantages, including the ability to manufacture the product in various sizes and shapes to meet customer requirements in a wide range of applications. Because there is less friction between the product’s surfaces, excellent hydraulic features can be maintained.

    Regional Analysis:

    In 2021, the North American region accounted for 38.7% of the revenue share of the global market. Due to the increasing demand for nuclear scans, and the growing number of cancer patients, the region will continue to dominate the market throughout the forecast period. The region’s market is also growing due to increased investments in healthcare infrastructure, the shutting down of nuclear reactors, and the increasing demand for cost-effective solutions.

    Over the forecast period, the European market will experience a CAGR in excess of 11.3%. Europe is expected to have the second-largest volume share during the forecast period. Due to high cancer prevalence, rising awareness about nuclear scans, and increasing awareness, the region will continue to be a major market player.

    The International Atomic Energy Agency is an international regulatory body that allows the installation of particle accelerators. The IAEA has strict regulations that must be followed when installing these devices in any European nation. These clearly defined regulatory guidelines are important to ensure patient safety around radioactive devices.

    medical cyclotrons market value

    Key Regions and Countries covered іn thе rероrt:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    A few players dominate the market: IBA, GE Healthcare, Siemens Medical Solutions USA, Inc., Advanced Cyclotron Systems, Sumitomo Heavy Industries, Ltd., and TeamBest (Best Medical International, Inc.).
    Due to the oligopoly of the market, there is intense competition among existing players. Manufacturers are faced with high market entry barriers, strict regulatory compliance, and higher manufacturing costs.

    There are very few companies that have a greater market share than others. TeamBest, however, is developing a product that has a 400 MeV capacity for particle therapy with heavy Ions. This will allow for a better diagnosis and treatment of the disease.

    medical cyclotrons market company share

    Маrkеt Кеу Рlауеrѕ:

    • IBA
    • GE Healthcare
    • Siemens Medical Solutions USA, Inc.
    • Advanced Cyclotron Systems
    • Sumitomo Heavy Industries
    • TeamBest inc.
    • ACSIand Best Medical
    • Wild Irish Seaweeds
    • Other Key Players

    For the Medical Cyclotron Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    Q: What is the size of the Medical cyclotrons market in 2021?

    The Medical cyclotrons market size is estimated to be US$ 180.6 million in 2021.

    Q: What is the projected CAGR at which the Medical cyclotrons market is expected to grow at?

    The Medical cyclotrons market is expected to grow at a CAGR of 10.7% (2023-2032).

    Q: List the segments encompassed in this report on the Medical cyclotrons market?

    Market.US has segmented the Medical cyclotrons market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product Type, the market has been segmented into Cyclotron 10-12 MeV, Cyclotron 16-18 MeV, Cyclotron 19-24 MeV, and Cyclotron 24 MeV & above. By Application, the market has been further divided into Hospitals and Institutes.

    Q: List the key industry players of the Medical cyclotrons market?

    IBA, GE Healthcare, Siemens Medical Solutions USA, Inc., Advanced Cyclotron Systems, Sumitomo Heavy Industries, TeamBest inc., ACSIand Best Medical, Wild Irish Seaweeds, and Other Key Players are the key vendors in the Medical Cyclotrons market

    Q: Which region is more appealing for vendors employed in the Medical cyclotrons market?

    North America is expected to account for the highest revenue share of 38.7%. Therefore, the medical cyclotrons market in North America is expected to garner significant business opportunities over the forecast period.

    Q: Name the key areas of business for Medical cyclotrons?

    The US, Canada, UK, Japan, Mexico, India, China & Germany are key areas of operation for the Medical Cyclotrons Market.

    Q: Which segment accounts for the greatest market share in the Medical cyclotrons industry?

    With respect to the Medical cyclotrons industry, vendors can expect to leverage greater prospective business opportunities through the 16 and 18 MeV segment, as this area of interest accounts for the largest market share.

    Medical Cyclotron Market
    Medical Cyclotron Market
    Published date: March 2023
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    • Alibaba Group Holding Ltd. Company Profile
    • GE Healthcare
    • Siemens Medical Solutions USA, Inc.
    • Advanced Cyclotron Systems
    • Sumitomo Heavy Industries
    • TeamBest inc.
    • ACSIand Best Medical
    • Wild Irish Seaweeds
    • Other Key Players
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