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Global Medical Cyclotron Market: 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 End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Medical Cyclotron Market Outlook

The global market for medical cyclotrons reached a value of about USD 194.9 million in 2021. The industry is further expected to grow at a CAGR of about 9.20% in the forecast period of 2022-2027 to reach a value of around USD 331.4 million by 2027.

 

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).

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.

 

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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

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

  • Type
  • Product Type
  • End Use
  • 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 End Use
  • 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
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Advanced Cyclotron Systems Inc.
  • Alcen
  • Best Cyclotron Systems, Inc.
  • General Electric Company
  • IsoSolution Inc.
  • Siemens Healthcare Limited
  • Others
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.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Industry Opportunities and Challenges  
8    Global Medical Cyclotron Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Medical Cyclotron Historical Market (2017-2021) 
    8.3    Global Medical Cyclotron Market Forecast (2022-2027)
    8.4    Global Medical Cyclotron Market by Type
        8.4.1    Ring Cyclotron
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Azimuthally Varying Field (AVF) Cyclotron
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Medical Cyclotron Market by Product Type
        8.5.1    Cyclotron 10-12 MeV
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Cyclotron 16-18 MeV
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Cyclotron 19-24 MeV
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Cyclotron 24 MeV and Above
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Medical Cyclotron Market by End Use
        8.6.1    Hospitals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Diagnostic Centres
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Research and Academic Institutes
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Medical Cyclotron Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Advanced Cyclotron Systems Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Alcen
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Best Cyclotron Systems, Inc.
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    General Electric Company
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    IsoSolution Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Siemens Healthcare Limited
            11.2.6.1    Company Overview
            11.2.6.2    Product Portfolio
            11.2.6.3    Demographic Reach and Achievements
            11.2.6.4    Certifications
        11.2.7    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Medical Cyclotron Market: Key Industry Highlights, 2017 and 2027
2.    Global Medical Cyclotron Historical Market: Breakup by Type (USD Million), 2017-2021
3.    Global Medical Cyclotron Market Forecast: Breakup by Type (USD Million), 2022-2027
4.    Global Medical Cyclotron Historical Market: Breakup by Product Type (USD Million), 2017-2021
5.    Global Medical Cyclotron Market Forecast: Breakup by Product Type (USD Million), 2022-2027
6.    Global Medical Cyclotron Historical Market: Breakup by End Use (USD Million), 2017-2021
7.    Global Medical Cyclotron Market Forecast: Breakup by End Use (USD Million), 2022-2027
8.    Global Medical Cyclotron Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Medical Cyclotron Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Medical Cyclotron Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Medical Cyclotron Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Medical Cyclotron Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Medical Cyclotron Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Medical Cyclotron Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Medical Cyclotron Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Medical Cyclotron Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Medical Cyclotron Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Medical Cyclotron Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Medical Cyclotron Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Medical Cyclotron Market Structure.

Key Questions Answered in the Report

In 2021, the global medical cyclotron market attained a value of nearly USD 194.9 million.

The market is projected to grow at a CAGR of 9.20% between 2022 and 2027.

The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach USD 331.4 million by 2027.

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.

Analyst Review

The global medical cyclotron market attained a value of USD 194.9 million in 2021, driven by the increasing prevalence of cancer. Aided by the growing awareness about the use of medical cyclotrons and surging demand for nuclear scans for accurate diagnosis, the market is expected to grow at a CAGR of 9.20% in the forecast period of 2022-2027. The market is projected to reach USD 331.4 million by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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, research and academic institutes, among others. The major regional markets for medical cyclotron are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Advanced Cyclotron Systems Inc., Alcen, Best Cyclotron Systems, Inc., General Electric Company, IsoSolution Inc., and Siemens Healthcare Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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