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Medical Cyclotron Market

Global Medical Cyclotron Market Analysis, Size, Share, Forecast: By Type: Ring Cyclotron, Azimuthally Varying Field (AVF) Cyclotron; By Product Type: Cyclotron 10-12 MeV, Cyclotron 16-18 MeV, Cyclotron 19-24 MeV, Others; By Application; By End User; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2024-2032

Global Medical Cyclotron Market Outlook

The growth of the medical cyclotron market size is being driven by the increasing prevalence of cancer, neurological disorders, and cardiac diseases across the globe. The market attained a value of USD 232.41 million in 2023. The market is expected to grow at a CAGR of 9.2% during the forecast period of 2024-2032, likely to attain a value of USD 513.17 million by 2032.

 

medical-cyclotron-market

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North America and Asia Pacific to be Significant Regional Markets for Medical Cyclotron

North America is anticipated to dominate the global market of the medical cyclotron. The market growth in the region can be attributed to the ongoing developments in the medical cyclotron systems, growing government support for the production of radio materials, increasing number of product launches, the developed economic condition, and the growing business investments. The United States Department of Energy made an announcement in August 2020 regarding its plans to develop the Lawrence Berkeley National Laboratory (Berkeley Lab) R&D for more effective operations. The laboratory aims to upgrade the particle-beam system for cancer treatment to a compact system and improve the particle-beam performance by using artificial intelligence. It also aims to create a high-power, rapid-fire laser system for tabletop and large-scale applications.

Due to increased investments in healthcare infrastructure, the growing need for cost-effective choices, and the growing number of cancer patients in the region, the medical cyclotron market in the Asia Pacific is predicted to grow significantly.

 

Market Segmentations

A medical cyclotron refers to a type of particle accelerator that is used to diagnose and treat cancer patients. It uses electromagnetic fields to push charged particles, which produce medically useful radioactive isotopes. These isotopes are also employed in cancer diagnostic and treatment planning techniques, such as positron emission tomography (PET) and single-photon emission computed tomography (SPECT).

 

medical-cyclotron-market-by-segmentation

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By type, the market is divided into:

  • Ring Cyclotron
  • Azimuthally Varying Field (AVF) Cyclotron

Based on product type, the market is segmented into:

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

The end-uses of the market are:

  • Hospitals
  • Diagnostic Centres
  • Research and Academic Institutes
  • Others

The regional markets for the medical cyclotron market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Increasing Prevalence of Cancer Augmenting the Market Growth

The increasing prevalence of cancer and surging demand for nuclear scans for accurate diagnosis are the key factors stimulating the market's growth. Apart from this, the cost advantage over outsourced radioactive tracers and the availability of technologically advanced diagnostic devices, such as PET and SPECT, are playing a pivotal role in escalating the market growth. Also, due to changing lifestyles, inflating disposable incomes, and increasing awareness about the use of medical cyclotrons in the diagnosis of tumours, there is a rise in the demand for diagnostics treatments with PET scans. This, combined with significant investments in healthcare infrastructure and a growing shift from nuclear reactors toward medical cyclotrons, gives the market a positive outlook. Besides, the increasing number of cancer patients has also added to the demand for nuclear scans for precise diagnosis across the globe. Medical cyclotrons are increasingly being utilised in cardiology, neurology, and oncology in hospitals and diagnostic centres. Furthermore, the leading players are launching technologically advanced diagnostic instruments, which are expected to broaden their entire market reach and benefit global demand for the medical cyclotron.

 

medical-cyclotron-market-by-region

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Key Players in the Global Market for Medical Cyclotron

The report gives a detailed analysis of the following key players in the global medical cyclotron market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Advanced Cyclotron Systems Inc.
  • Alcen
  • Best Cyclotron Systems, Inc.
  • General Electric Company
  • IsoSolution Inc.
  • Siemens Healthcare Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product Type
  • Application
  • End User
  • Region
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 Application
  • Diagnostic and Treatment
  • Research and Development
  • Others
Breakup by End User
  • Hospitals
  • Diagnostic Centres
  • Research and Academic Institutes
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter's Five Forces Model
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Financial Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • General Electric Company
  • Advanced Cyclotron Systems Inc.
  • Alcen
  • Best Cyclotron Systems, Inc.
  • IsoSolution Inc.
  • Siemens Healthcare Private Limited
  • UNGER Medizintechnik GmbH & Co.KG
  • Ionetix Corporation
  • IBA Radiopharma Solutions
  • Ebco Industries Ltd.
  • Sumitomo Heavy Industries, Ltd.
  • Varian Medical Systems, Inc.
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Medical Cyclotron Market Overview

    3.1    Global Medical Cyclotron Market Historical Value (2017-2023) 
    3.2    Global Medical Cyclotron Market Forecast Value (2024-2032)
4    Global Medical Cyclotron Market Landscape
    4.1    Global Medical Cyclotron Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Medical Cyclotron Product Landscape
        4.2.1    Analysis by Type 
        4.2.2    Analysis by Product Type
        4.2.3    Analysis by Applications
        4.2.4    Analysis by End User
5    Global Medical Cyclotron Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Medical Cyclotron Market Segmentation 
    6.1    Global Medical Cyclotron Market by Type
        6.1.1    Market Overview                
        6.1.2    Ring Cyclotron
        6.1.3    Azimuthally Varying Field (AVF) Cyclotron
    6.2    Global Medical Cyclotron Market by Product Type
        6.2.1    Market Overview
        6.2.2    Cyclotron 10-12 MeV
        6.2.3    Cyclotron 16-18 MeV
        6.2.4    Cyclotron 19-24 MeV
        6.2.5    Cyclotron 24 MeV and Above
    6.3    Global Medical Cyclotron Market by Application
        6.3.1    Market Overview
        6.3.2    Diagnostic and Treatment
        6.3.3    Research and Development
        6.3.4    Others
    6.4    Global Medical Cyclotron Market by End User
        6.4.1    Market Overview
        6.4.2    Hospitals
        6.4.3    Diagnostic Centres
        6.4.4    Research and Academic Institutes
        6.4.5    Others
    6.5    Global Medical Cyclotron Market by Region
        6.5.1    Market Overview
        6.5.2    North America 
        6.5.3    Europe
        6.5.4    Asia Pacific
        6.5.5    Latin America
        6.5.6    Middle East and Africa
7    North America Medical Cyclotron Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Medical Cyclotron Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Medical Cyclotron Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Medical Cyclotron Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Medical Cyclotron Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    General Electric Company
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Advanced Cyclotron Systems Inc.
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Alcen
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Best Cyclotron Systems, Inc.
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    IsoSolution Inc.
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Siemens Healthcare Private Limited
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    UNGER Medizintechnik GmbH & Co.KG
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Ionetix Corporation
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    IBA Radiopharma Solutions
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Ebco Industries Ltd.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Sumitomo Heavy Industries, Ltd.
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Varian Medical Systems, Inc.
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
18    Global Medical Cyclotron Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket


*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

In 2023, the global medical cyclotron market attained a value of nearly USD 232.41 million.

The market is projected to grow at a CAGR of 9.2% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 513.17 million by 2032.

The major drivers of the market include the availability of technologically advanced diagnostic devices, inflating disposable incomes, increasing awareness about the use of medical cyclotrons, investments in healthcare infrastructure, growing shift from nuclear reactors toward medical cyclotrons, and an increasing number of cancer patients.

The increasing prevalence of cancer and the surging demand for nuclear scans for accurate diagnosis are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different types studied in the market are ring cyclotron and azimuthally varying field (AVF) cyclotron.

Based on product type, the market is segmented into cyclotron 10-12 MeV, cyclotron 16-18 MeV, cyclotron 19-24 MeV, and cyclotron 24 MeV and above.

The end-uses of the market are hospitals, diagnostic centres, and research and academic institutes, among others.

The major players in the industry include Advanced Cyclotron Systems Inc., Alcen, Best Cyclotron Systems, Inc., General Electric Company, IsoSolution Inc., and Siemens Healthcare Limited, among others.

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