Market Overview:
The global multiparticle cyclotron market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the multiparticle cyclotron market can be attributed to the increasing demand for proton therapy and rising number of cancer patients. In addition, the growing adoption of multiparticle cyclotrons in academic institutions is also contributing to the growth of this market. However, high installation and maintenance costs are restraining the growth of this market. Based on type, low energy medical cyclotrons accounted for a major share of the global multiparticle cyclotron market in 2017. This segment is expected to grow at a CAGR of 5% from 2018 to 2030 due to its low installation and maintenance costs as compared with high energy medicalcyclotrons .
Product Definition:
A multiparticle cyclotron is a device that can accelerate more than one particle at a time. This is important because it allows scientists to study the properties of multiple particles simultaneously.
Low Energy Medical Cyclotron:
Low energy medical cyclotron is a device used for producing high energy particles by accelerating charged particles to very high speed. The charged particle then gets deflected in a magnetic field and crashes into other particles, which are further accelerated to produce radiation with very low energy.
The global market for low-energy medical cyclotrons was valued at USD 956.1 million in 2016.
High Energy Medical Cyclotron:
A high energy medical cyclotron is a device used for producing particle beams of high energy X-ray, electron, alpha and beta particles. It's main components are accelerating fields, target material which can be matter or antimatter and a beamline to deliver the particles to the required destination.
Application Insights:
The academic segment dominated the global multiparticle cyclotron market in 2017. This can be attributed to factors such as high R&D investments by various countries for developing new applications of these machines. For instance, in 2015, the Government of India invested approximately USD 89 million for research activities related to multiparticle cyclotrons at Indian Institute of Technology Bombay (IIT-B). Furthermore, growing number of clinical trials that use particle beams for cancer treatment is expected to boost product demand over the forecast period.
The commercial segment is expected to witness a lucrative CAGR during the forecast period owing to increasing adoption across several medical procedures and emerging economies such as China and India where costeffectiveness plays an important role in healthcare decisions.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of academic and research organizations coupled with high healthcare expenditure levels in this region is expected to drive the demand for MPCs. In addition, increasing investment by private players for developing advanced MPCs is further expected to fuel growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising investments by various government and non-government organizations in developing countries such as India, China, Singapore, Thailand among others are anticipated boost regional market growth during the forecast period. In addition, favorable government policies aimed at improving patient care standards are also likely to contribute toward increased demand for medical cyclotrons over coming years.
Growth Factors:
- Increasing demand for radiopharmaceuticals and PET scans
- Rising prevalence of cancer and other diseases
- Growing number of research institutes and hospitals
- Technological advancements in multiparticle cyclotron systems
- Increasing funding for medical research
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiparticle Cyclotron Market Research Report
By Type
Low Energy Medical Cyclotron, High Energy Medical Cyclotron
By Application
Commercial, Academic
By Companies
IBA, GE, Siemens, Sumitomo, ACSI, Best Medical, IBA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Multiparticle Cyclotron Market Report Segments:
The global Multiparticle Cyclotron market is segmented on the basis of:
Types
Low Energy Medical Cyclotron, High Energy Medical Cyclotron
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Academic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBA
- GE
- Siemens
- Sumitomo
- ACSI
- Best Medical
- IBA
Highlights of The Multiparticle Cyclotron Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low Energy Medical Cyclotron
- High Energy Medical Cyclotron
- By Application:
- Commercial
- Academic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Multiparticle Cyclotron Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A multiparticle cyclotron is a particle accelerator that uses the energy of multiple particles to create a high-energy beam. This type of accelerator can be used to study the properties of particles that are made up of more than one type of atom.
Some of the key players operating in the multiparticle cyclotron market are IBA, GE, Siemens, Sumitomo, ACSI, Best Medical, IBA.
The multiparticle cyclotron market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multiparticle Cyclotron Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Multiparticle Cyclotron Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multiparticle Cyclotron Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Multiparticle Cyclotron Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Multiparticle Cyclotron Market Size & Forecast, 2018-2028 4.5.1 Multiparticle Cyclotron Market Size and Y-o-Y Growth 4.5.2 Multiparticle Cyclotron Market Absolute $ Opportunity
Chapter 5 Global Multiparticle Cyclotron Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Multiparticle Cyclotron Market Size Forecast by Type
5.2.1 Low Energy Medical Cyclotron
5.2.2 High Energy Medical Cyclotron
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Multiparticle Cyclotron Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Multiparticle Cyclotron Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Academic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multiparticle Cyclotron Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Multiparticle Cyclotron Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Multiparticle Cyclotron Analysis and Forecast
9.1 Introduction
9.2 North America Multiparticle Cyclotron Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Multiparticle Cyclotron Market Size Forecast by Type
9.6.1 Low Energy Medical Cyclotron
9.6.2 High Energy Medical Cyclotron
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Multiparticle Cyclotron Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Academic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Multiparticle Cyclotron Analysis and Forecast
10.1 Introduction
10.2 Europe Multiparticle Cyclotron Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Multiparticle Cyclotron Market Size Forecast by Type
10.6.1 Low Energy Medical Cyclotron
10.6.2 High Energy Medical Cyclotron
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Multiparticle Cyclotron Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Academic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Multiparticle Cyclotron Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multiparticle Cyclotron Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Multiparticle Cyclotron Market Size Forecast by Type
11.6.1 Low Energy Medical Cyclotron
11.6.2 High Energy Medical Cyclotron
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Multiparticle Cyclotron Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Academic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Multiparticle Cyclotron Analysis and Forecast
12.1 Introduction
12.2 Latin America Multiparticle Cyclotron Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Multiparticle Cyclotron Market Size Forecast by Type
12.6.1 Low Energy Medical Cyclotron
12.6.2 High Energy Medical Cyclotron
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Multiparticle Cyclotron Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Academic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Multiparticle Cyclotron Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multiparticle Cyclotron Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Multiparticle Cyclotron Market Size Forecast by Type
13.6.1 Low Energy Medical Cyclotron
13.6.2 High Energy Medical Cyclotron
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Multiparticle Cyclotron Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Academic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Multiparticle Cyclotron Market: Competitive Dashboard
14.2 Global Multiparticle Cyclotron Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBA
14.3.2 GE
14.3.3 Siemens
14.3.4 Sumitomo
14.3.5 ACSI
14.3.6 Best Medical
14.3.7 IBA