Global Medical Cyclotron Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

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Jun 22, 2022, 16:30 ET

DUBLIN, June 22, 2022 /PRNewswire/ -- The "Medical Cyclotron Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global medical cyclotron market reached a value of US$ 192.6 Million in 2021. Looking forward, the publisher expects the market to reach US$ 323.7 Million by 2027, exhibiting at a CAGR of 9.13% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major marke contributor.

A medical cyclotron is a type of particle accelerator that is used in the diagnosis and treatment of cancer. It utilizes electromagnetic fields to propel charged particles, which produce radioactive isotopes for medical drugs. These isotopes are further used in positron emission tomography (PET) and single-photon emission computed tomography (SPECT) for cancer diagnosis and treatment planning. As compared to research reactors that produce radioisotopes, medical cyclotrons generate less hazardous waste.

The increasing geriatric population, which is more likely to develop cancer, represents one of the primary factors contributing to the market growth. Moreover, on account of changing lifestyles, inflating disposable incomes and increasing awareness about the use of medical cyclotrons in the diagnosis of tumors, there is a rise in the demand for diagnostics treatments with PET scan.

This, in confluence with significant investments in the healthcare infrastructure and the increasing shift from nuclear reactors to medical cyclotrons, is creating a favorable outlook for the market. Besides this, the rising number of cancer cases has increased the demand for nuclear scans for accurate diagnosis across the world.

In addition to this, medical cyclotrons are increasingly being utilized in cardiology, neurology, and oncology in hospitals and diagnostic centers. Furthermore, the leading players are introducing technologically advanced diagnostic devices, which is anticipated to expand their overall market reach and positively influence the demand for medical cyclotron around the world.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Cyclotron Systems Inc., Alcen, Best Medical International Inc., General Electric Company, IBA RadioPharma Solutions, Ionetix Corporation, Isosolution Inc., Siemens AG, Sumitomo Heavy Industries Ltd. and Varian Medical Systems Inc.

Key Questions Answered in This Report:

How has the global medical cyclotron market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global medical cyclotron market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global medical cyclotron market and who are the key players?
What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Medical Cyclotron Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type
6.1 Ring Cyclotron
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Azimuthally Varying Field (AVF) Cyclotron
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Product Type
7.1 Cyclotron 10-12 MeV
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cyclotron 16-18 MeV
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Cyclotron 19-24 MeV
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Cyclotron 24 MeV and Above
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by End User
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Diagnostic Centers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Research and Academic Institutes
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Advanced Cyclotron Systems Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Alcen
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Best Medical International Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 General Electric Company
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 IBA RadioPharma Solutions
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Ionetix Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Isosolution Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Siemens AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Sumitomo Heavy Industries Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Varian Medical Systems Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis