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The medical cyclotron market share is expected to increase by USD 64.27 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.8%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (cyclotron less than 20 MeV, cyclotron 20-35 MeV, and cyclotron greater than 35 MeV) and geography (North America, Europe, Asia, and Rest of World (ROW)).
The market report also offers information on several market vendors, including ALCEN, Atulaya Healthcare Pvt Ltd, Australian Nuclear Science and Technology Organisation, Best Medical International Inc., Ebco Industries Ltd, General Electric Co, Global Medical Solutions, IBA Radiopharma Solutions, Ion Beam Applications SA, Ionetix Corp, iThemba LABS, RIKEN Nishina Center, Siemens AG, Sumitomo Heavy Industries Ltd., The Japan Steel Works Ltd., Trasis SA, and TRIUMF among others.
alcen.com - The company offers medical cyclotron products such iMitrace cyclotron. Through the defense and security segment, the company manufactures and supplies equipment for National Navy buildings and French strategic defense. The segment provides products related to vision, inspection and localization, naval and submarine, simulation, airborne drone and vehicle stops, mechanical and electronic components, and engineering, maintenance & services.
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Technavio categorizes the global medical cyclotron market as a part of the global healthcare equipment market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical cyclotron market during the forecast period.
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The high prevalence of cancer is notably driving the market growth, although factors such as high cost and complex logistics of medical cyclotrons may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Medical Cyclotron Market Driver
Key Medical Cyclotron Market Trend
Key Medical Cyclotron Market Challenge
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Our In-house experts produce extensive information on the value chain and parent market of the medical cyclotron market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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41% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the medical cyclotron in North America. Market growth in this region will be slower than the growth of the market in Asia.
The increasing prevalence of cancer will facilitate the medical cyclotron market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The medical cyclotron market share growth by the cyclotron less than 20 MeV segment will be significant during the forecast period. A cyclotron of less than 20 MeV generally accelerates only protons, but some of them are also capable of accelerating deuterons at half of the specified proton energy. The purpose of such cyclotrons is medical radionuclide production for in-house, research, and commercial applications. Small, self-shielded cyclotrons allow for in-house radionuclide production in small facilities and facilities at remote locations. In general, a cyclotron of less than 20 MeV focuses on the production of short-lived standard radionuclides for PET imaging studies. Such factors of cyclotrons less than 20 MeV will boost the market growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medical cyclotron market size and actionable market insights on the post-COVID-19 impact on each segment.
Medical Cyclotron Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.8% |
Market growth 2022-2026 |
$ 64.27 million |
Market structure |
Fragmented |
YoY growth (%) |
5.2 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ALCEN, Atulaya Healthcare Pvt Ltd, Australian Nuclear Science and Technology Organisation, Best Medical International Inc., Ebco Industries Ltd, General Electric Co, Global Medical Solutions, IBA Radiopharma Solutions, Ion Beam Applications SA, Ionetix Corp, iThemba LABS, RIKEN Nishina Center, Siemens AG, Sumitomo Heavy Industries Ltd., The Japan Steel Works Ltd., Trasis SA, and TRIUMF |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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