PUBLISHER: IMARC | PRODUCT CODE: 1390738
PUBLISHER: IMARC | PRODUCT CODE: 1390738
The global medical cyclotron market size reached US$ 211.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 349.1 Million by 2028, exhibiting a growth rate (CAGR) of 8.70% during 2022-2028.
A medical cyclotron is a type of particle accelerator that is used in the diagnosis and treatment of cancer. It utilizes electromagnetic fields to propel charged particles, which produce radioactive isotopes for medical drugs. These isotopes are further used in positron emission tomography (PET) and single-photon emission computed tomography (SPECT) for cancer diagnosis and treatment planning. As compared to research reactors that produce radioisotopes, medical cyclotrons generate less hazardous waste.
The increasing geriatric population, which is more likely to develop cancer, represents one of the primary factors contributing to the market growth. Moreover, on account of changing lifestyles, inflating disposable incomes and increasing awareness about the use of medical cyclotrons in the diagnosis of tumors, there is a rise in the demand for diagnostics treatments with PET scan. This, in confluence with significant investments in the healthcare infrastructure and the increasing shift from nuclear reactors to medical cyclotrons, is creating a favorable outlook for the market. Besides this, the rising number of cancer cases has increased the demand for nuclear scans for accurate diagnosis across the world. In addition to this, medical cyclotrons are increasingly being utilized in cardiology, neurology, and oncology in hospitals and diagnostic centers. Furthermore, the leading players are introducing technologically advanced diagnostic devices, which is anticipated to expand their overall market reach and positively influence the demand for medical cyclotron around the world.
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical cyclotron market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product type and end user.
Ring Cyclotron
Azimuthally Varying Field (AVF) Cyclotron
Cyclotron 10-12 MeV
Cyclotron 16-18 MeV
Cyclotron 19-24 MeV
Cyclotron 24 MeV and Above
Hospitals
Diagnostic Centers
Research and Academic Institutes
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Cyclotron Systems Inc., Alcen, Best Medical International Inc., General Electric Company, IBA RadioPharma Solutions, Ionetix Corporation, Isosolution Inc., Siemens AG, Sumitomo Heavy Industries Ltd. and Varian Medical Systems Inc.