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Global Medical Cyclotron Market Report by Type, Product Type, End User, and Region 2023-2028

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  • 141 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911928
The global medical cyclotron market size reached US$ 211.6 Million in 2022. Looking forward, the market is expected to reach US$ 349.1 Million by 2028, exhibiting a growth rate (CAGR) of 8.70% during 2022-2028.

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.

Medical Cyclotron Market Trends

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.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global medical cyclotron market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, product type and end user.

Breakup by Type:

  • Ring Cyclotron
  • Azimuthally Varying Field (AVF) Cyclotron

Breakup by Product Type:

  • Cyclotron 10-12 MeV
  • Cyclotron 16-18 MeV
  • Cyclotron 19-24 MeV
  • Cyclotron 24 MeV and Above

Breakup by End User:

  • Hospitals
  • Diagnostic Centers
  • Research and Academic Institutes

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

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

1. What was the size of the global medical cyclotron market in 2022?
2. What is the expected growth rate of the global medical cyclotron market during 2023-2028?
3. What are the key factors driving the global medical cyclotron market?
4. What has been the impact of COVID-19 on the global medical cyclotron market?
5. What is the breakup of the global medical cyclotron market based on the type?
6. What is the breakup of the global medical cyclotron market based on the product type?
7. What is the breakup of the global medical cyclotron market based on the end user?
8. What are the key regions in the global medical cyclotron market?
9. Who are the key players/companies in the global medical cyclotron market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting 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
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
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. Company Overview Product Portfolio
14.3.2 Alcen Company Overview Product Portfolio
14.3.3 Best Medical International Inc. Company Overview Product Portfolio
14.3.4 General Electric Company Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 IBA RadioPharma Solutions Company Overview Product Portfolio
14.3.6 Ionetix Corporation Company Overview Product Portfolio
14.3.7 Isosolution Inc. Company Overview Product Portfolio
14.3.8 Siemens AG Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 Sumitomo Heavy Industries Ltd. Company Overview Product Portfolio Financials SWOT Analysis
14.3.10 Varian Medical Systems Inc. Company Overview Product Portfolio Financials SWOT Analysis

Companies Mentioned

  • 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.
  • Varian Medical Systems Inc.



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