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Global Medical Cyclotron Market: About this market
medical cyclotron market analysis considers sales from cyclotron <20 MeV, cyclotron 20-35 MeV, and cyclotron >35 MeV products. Our study also finds the sales of medical cyclotron in Asia, Europe, North America, and ROW. In 2019, the cyclotron <20 MeV segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as its usage in different medical imaging areas such as nuclear medicine will play a significant role in the cyclotron <20 MeV segment to maintain its market position. Also, our global medical cyclotron market report looks at factors such as high prevalence of cancer, benefits of medical cyclotrons, and improvement in healthcare infrastructure in emerging economies. However, high cost and complex logistics of medical cyclotrons, risk of radiation exposure, and stringent regulatory framework and product recalls may hamper the growth of the medical cyclotron industry over the forecast period.
Global Medical Cyclotron Market: Overview
Benefits of medical cyclotrons
The growing need for the diagnosis and treatment of cancer and neurological diseases is driving the demand for medical imaging technology that uses radioisotopes. Medical isotopes are either made from nuclear reactors or cyclotrons. Cyclotrons can produce isotopes rich in protons and are thus, increasingly being used in radiation therapy and SPECT and PET imaging. Cyclotrons-produced radioisotopes help in obtaining highly specific activities through nuclear transformations. Such benefits of medical cyclotrons will lead to the expansion of the global medical cyclotron market at a CAGR of almost 6% during the forecast period.
Medical cyclotron technology in nuclear medicine
Medical cyclotron technology is considered to have revolutionized nuclear medicine owing to the clear evaluation of organs through molecular imaging. Nuclear medicine involves gamma rays, which are emitted by certain radioisotopes with adequate energy. Radioisotopes are produced in cyclotrons, and their application has displayed significant growth over the last decade. One of the major factors contributing to this growth is the increasing availability of cyclotrons, especially to produce radioisotopes to be used in medical applications. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global medical cyclotron market during the forecast period 2020-2024, click here.
With the presence of several major players, the global medical cyclotron market is fragmented. robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical cyclotron manufacturers, that include ALCEN, Ebco Industries Ltd., General Electric Co., Ion Beam Applications SA, Ionetix Corp., Siemens AG, Sumitomo Heavy Industries Ltd., TeamBest, and Varian Medical Systems Inc.
Also, the medical cyclotron market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
medical cyclotron market analysis considers sales from cyclotron <20 MeV, cyclotron 20-35 MeV, and cyclotron >35 MeV products. Our study also finds the sales of medical cyclotron in Asia, Europe, North America, and ROW. In 2019, the cyclotron <20 MeV segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as its usage in different medical imaging areas such as nuclear medicine will play a significant role in the cyclotron <20 MeV segment to maintain its market position. Also, our global medical cyclotron market report looks at factors such as high prevalence of cancer, benefits of medical cyclotrons, and improvement in healthcare infrastructure in emerging economies. However, high cost and complex logistics of medical cyclotrons, risk of radiation exposure, and stringent regulatory framework and product recalls may hamper the growth of the medical cyclotron industry over the forecast period.
Global Medical Cyclotron Market: Overview
Benefits of medical cyclotrons
The growing need for the diagnosis and treatment of cancer and neurological diseases is driving the demand for medical imaging technology that uses radioisotopes. Medical isotopes are either made from nuclear reactors or cyclotrons. Cyclotrons can produce isotopes rich in protons and are thus, increasingly being used in radiation therapy and SPECT and PET imaging. Cyclotrons-produced radioisotopes help in obtaining highly specific activities through nuclear transformations. Such benefits of medical cyclotrons will lead to the expansion of the global medical cyclotron market at a CAGR of almost 6% during the forecast period.
Medical cyclotron technology in nuclear medicine
Medical cyclotron technology is considered to have revolutionized nuclear medicine owing to the clear evaluation of organs through molecular imaging. Nuclear medicine involves gamma rays, which are emitted by certain radioisotopes with adequate energy. Radioisotopes are produced in cyclotrons, and their application has displayed significant growth over the last decade. One of the major factors contributing to this growth is the increasing availability of cyclotrons, especially to produce radioisotopes to be used in medical applications. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global medical cyclotron market during the forecast period 2020-2024, click here.
Competitive Landscape
With the presence of several major players, the global medical cyclotron market is fragmented. robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical cyclotron manufacturers, that include ALCEN, Ebco Industries Ltd., General Electric Co., Ion Beam Applications SA, Ionetix Corp., Siemens AG, Sumitomo Heavy Industries Ltd., TeamBest, and Varian Medical Systems Inc.
Also, the medical cyclotron market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
