Medical Cyclotron Market by Product and Geography - Forecast and Analysis 2022-2026
| Published: Aug 2022 | Pages: 140 | SKU: IRTNTR40191 |
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.
What will the Medical Cyclotron Market Size be During the Forecast Period?
Get the Medical Cyclotron Market Size Forecast by Downloading the Report Sample
Parent Market Analysis
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.
Medical Cyclotron Market: Key Drivers, Trends, and Challenges
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
- The high prevalence of cancer is one of the factors driving the market growth. Frequent imaging studies are required for the diagnosis of cancer, in which a small amount of radiation is used.
- Procedures such as X-ray, magnetic resonance imaging (MRI), computed tomography (CT), PET, and SPECT are essential in clinical decision-making, which includes therapy and follow-up.
- With the increase in the number of patients with cancer and the rising mortality rate associated with cancer, more tests for diagnoses and treatments are needed. This is expected to drive the growth of the market during the forecast period.
Key Medical Cyclotron Market Trend
- Medical cyclotron technology in nuclear medicine is one of the key market trends fueling the market growth.
- Nuclear medicine and medical cyclotron play a crucial role in disease management across the world. Moreover, radiopharmaceuticals have been routinely used in medicine for diagnostic imaging and as therapy, in some cases, for over three decades.
- Nuclear medicine helps physicians in making an accurate diagnosis of a disease. Since radioisotopes are an integral part of radiopharmaceuticals, the increasing use of nuclear radioisotopes and nuclear medicine positively influences the demand for medical cyclotrons and the growth of the market.
Key Medical Cyclotron Market Challenge
- The high cost and complex logistics of medical cyclotrons is one of the factors limiting the market growth. Usually, experienced professionals prefer an unshielded cyclotron as the self-shield slows down cyclotron maintenance and repair. An unshielded cyclotron needs to be placed in a specific concrete vault.
- The vault usually requires additional space compared with a self-shielded machine. Although concrete is priced relatively low, the overall cost of setting up units for cyclotrons is higher than the vault. Therefore, the high cost and complex logistics associated with medical cyclotrons are expected to limit the growth of the global market during the forecast period.
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.
Medical Cyclotron Market Value Chain Analysis
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.
Which are the Key Regions for Medical Cyclotron Market?
Get a glance at the market share of various regions by Requesting a PDF Sample now!
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.
What is the Fastest-Growing Product Segment in the Medical Cyclotron Market?
To gain insights on the market contribution of various segments Request a PDF Sample
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. |
What are the Key Data Covered in this Medical Cyclotron Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the medical cyclotron industry across North America, Europe, Asia, and Rest of World (ROW)
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of medical cyclotron market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Cyclotron less than 20 MeV - Market size and forecast 2021-2026
- Exhibit 28: Chart on Cyclotron less than 20 MeV - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Cyclotron less than 20 MeV - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Cyclotron less than 20 MeV - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Cyclotron less than 20 MeV - Year-over-year growth 2021-2026 (%)
- 5.4 Cyclotron 20-35 MeV - Market size and forecast 2021-2026
- Exhibit 32: Chart on Cyclotron 20-35 MeV - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Cyclotron 20-35 MeV - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Cyclotron 20-35 MeV - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Cyclotron 20-35 MeV - Year-over-year growth 2021-2026 (%)
- 5.5 Cyclotron greater than 35 MeV - Market size and forecast 2021-2026
- Exhibit 36: Chart on Cyclotron greater than 35 MeV - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Cyclotron greater than 35 MeV - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Cyclotron greater than 35 MeV - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Cyclotron greater than 35 MeV - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 Asia - Market size and forecast 2021-2026
- Exhibit 54: Chart on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Asia - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Asia - Year-over-year growth 2021-2026 (%)
- 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
- Exhibit 58: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
- 7.7 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.8 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.9 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 Canada - Market size and forecast 2021-2026
- Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.12 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 ALCEN
- Exhibit 89: ALCEN - Overview
- Exhibit 90: ALCEN - Product / Service
- Exhibit 91: ALCEN - Key offerings
- 10.4 Best Medical International Inc.
- Exhibit 92: Best Medical International Inc. - Overview
- Exhibit 93: Best Medical International Inc. - Product / Service
- Exhibit 94: Best Medical International Inc. - Key offerings
- 10.5 Ebco Industries Ltd
- Exhibit 95: Ebco Industries Ltd - Overview
- Exhibit 96: Ebco Industries Ltd - Product / Service
- Exhibit 97: Ebco Industries Ltd - Key offerings
- 10.6 General Electric Co
- Exhibit 98: General Electric Co - Overview
- Exhibit 99: General Electric Co - Business segments
- Exhibit 100: General Electric Co - Key news
- Exhibit 101: General Electric Co - Key offerings
- Exhibit 102: General Electric Co - Segment focus
- 10.7 IBA Radiopharma Solutions
- Exhibit 103: IBA Radiopharma Solutions - Overview
- Exhibit 104: IBA Radiopharma Solutions - Business segments
- Exhibit 105: IBA Radiopharma Solutions - Key offerings
- Exhibit 106: IBA Radiopharma Solutions - Segment focus
- 10.8 Ion Beam Applications SA
- Exhibit 107: Ion Beam Applications SA - Overview
- Exhibit 108: Ion Beam Applications SA - Business segments
- Exhibit 109: Ion Beam Applications SA - Key offerings
- Exhibit 110: Ion Beam Applications SA - Segment focus
- 10.9 Ionetix Corp
- Exhibit 111: Ionetix Corp - Overview
- Exhibit 112: Ionetix Corp - Product / Service
- Exhibit 113: Ionetix Corp - Key offerings
- 10.10 Siemens AG
- Exhibit 114: Siemens AG - Overview
- Exhibit 115: Siemens AG - Business segments
- Exhibit 116: Siemens AG - Key news
- Exhibit 117: Siemens AG - Key offerings
- Exhibit 118: Siemens AG - Segment focus
- 10.11 Sumitomo Heavy Industries Ltd.
- Exhibit 119: Sumitomo Heavy Industries Ltd. - Overview
- Exhibit 120: Sumitomo Heavy Industries Ltd. - Business segments
- Exhibit 121: Sumitomo Heavy Industries Ltd. - Key offerings
- Exhibit 122: Sumitomo Heavy Industries Ltd. - Segment focus
- 10.12 The Japan Steel Works Ltd.
- Exhibit 123: The Japan Steel Works Ltd. - Overview
- Exhibit 124: The Japan Steel Works Ltd. - Business segments
- Exhibit 125: The Japan Steel Works Ltd. - Key offerings
- Exhibit 126: The Japan Steel Works Ltd. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- Exhibit 128: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources
- 11.5 List of abbreviations
- Exhibit 133: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
medical cyclotron market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
- Off-the-shelf research reports
- Reports can be tailored to meet the customer's needs
- Trusted by more than 100 fortune 500 organizations
- Information about the market's key drivers, trends, and challenges
- Parent market analysis
- Every week, 50,000 people visit our subscription platform
- Detailed vendors report with competitive landscape
- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis