Market Definition
A particular kind of particle accelerator used in the detection and treatment of cancer is called a medical cyclotron. Charged particles are propelled by electromagnetic fields, creating radioactive isotopes that can be used to make medicines. Additional applications for these isotopes include positron emission tomography (PET) and single-photon emission computed tomography (SPECT) for the detection and planning of cancer. Medical cyclotrons generate less hazardous waste than radioisotope-producing research reactors.
Market Outlook
The medical cyclotron market was valued at USD 205.3 million in 2021 and it is anticipated to grow further till USD 562.4 million by 2031, at a CAGR of 10.6% during the forecast period.
medical imaging is driving up demand for cyclotron systems, and these systems may be used for various diagnostic procedures. Medical cyclotrons are more in demand as a result of the electrically driven device’s ability to produce a beam of charge that is primarily employed in industrial, research, and medical procedures. Except for the negative charge, the hybrid atom that makes up water is held in the new cyclotron machine. The radioactive new element created by the collision of positive ions and neutrons is employed as a treatment in medical research, driving demand for medical cyclotrons.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Medical Cyclotron Market Segmental Overview
The report analyses the global medical cyclotron market based on the product type, end user, and region.
Global Medical Cyclotron Market by Product Type
Based on the product type, it is segmented into AVF cyclotron, and Ring cyclotron. The AVF cyclotron segment is anticipated to dominate the market during the forecast period. The medical cyclotron’s sales are increased by the AVF cyclotron, which stands for “Azimuthally Varying Field.” It features magnetic fields that alternate between strong and weak to focus the beam axially. One type of AVF cyclotron is the ring cyclotron; its magnets are segmented radially into various sectors.
Global Medical Cyclotron Market by End User
Based on the end user, it is segmented into hospitals, specialized clinics, and pharmaceutical companies. The hospital segment is anticipated to dominate the market during the forecast period. The increasing prevalence of cancer and growing inclination towards nuclear scans for accurate diagnosis is boosting the growth of the market.
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Major Players in the Global Medical Cyclotron Market
The key players studied in the report are IBA Radiopharma Solutions, Advanced Cyclotron Systems, Best Cyclotron Systems, Inc., Best ABT Molecular Imaging, Inc., Siemens Healthineers, GE Healthcare, IONETIX Corporation, PMB-ALCEN, Sumitomo Heavy Industries, Ltd., and The Japan Steel Works, Ltd. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis.
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