Market Overview:
The global multiparticle medical cyclotron market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for proton therapy and rising number of cancer patients. In addition, the growing investment in healthcare infrastructure and rising awareness about advanced therapies are also contributing to the growth of this market. Based on type, the low energy medical cyclotron segment is expected to account for the largest share of the global multiparticle medical cyclotron market in 2018. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to its low cost and easy installation process as compared with high energy medical cyclotrons.
Product Definition:
Multiparticle Medical Cyclotron is a device used to produce high-energy particles (protons or carbon ions) for radiation therapy. The radiation therapy destroys cancer cells while sparing healthy tissue.
Low Energy Medical Cyclotron:
Low energy medical cyclotron is a device used for accelerating the radioactive decay of unstable atomic nuclei by converting them to high energy electrons and protons. The most common isotopes that are studied with this equipment are uranium, thorium, and lead-206. This system is mainly used for treating cancer cells which have high mutation rates along with an increased radiosensitivity.
High Energy Medical Cyclotron:
A high energy medical cyclotron is a device used for accelerating and focusing the electron beam in order to irradiate a specific target. The most common application of high energy medical cyclotron is in cancer treatment by using electrons with very high energy. Cyclotrons are also used for producing artificial radioactive materials, which are further used as tracers or biomarkers during surgeries.
Application Insights:
The academic segment dominated the global multiparticle medical cyclotron market in 2017. This can be attributed to factors such as increasing R&D activities for developing new applications of MECs and growing interest among researchers in this field. For instance, according to a study published by NCBI, it is estimated that around USD 80 million has been invested by the government and private organizations for MEC research over the past decade. Furthermore, an increase in healthcare expenditure globally has led to increased focus on disease management through diagnostic advancements which is expected to boost demand over the forecast period.
The commercial segment is anticipated gain share rapidly owing to rising product adoption across various applications including cancer treatment centers, hospitals and clinics etcetera worldwide due these machines being used as one of the most effective forms of radiation therapy with high precision dose delivery capabilities than conventional X-ray sources or linear accelerators used for cancer treatment at present.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and government support for R&D are some factors driving regional growth. For instance, the U.S.
In addition, growing investments by governments & private organizations towards development of healthcare infrastructure is anticipated to drive demand within Asia Pacific region over the forecast period (2018-2030).
Growth Factors:
- Increasing demand for radiopharmaceuticals: The global market for radiopharmaceuticals is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily due to the increasing incidence of cancer and other diseases that can be treated with radiopharmaceuticals. Multiparticle Medical Cyclotron is an important tool in the production of these drugs, and hence its demand will also increase in tandem.
- Technological advancements: The multiparticle medical cyclotron market is constantly evolving with new technological advancements being made every day. This helps improve the efficiency and accuracy of cyclotrons, making them more desirable for use in hospitals and research institutes around the world.
- Growing awareness about nuclear medicine: Nuclear medicine has been growing in popularity over the past few years, thanks to its ability to diagnose and treat various diseases with high accuracy levels. As more people become aware of this field of medicine, they will also start demanding multiparticle medical cyclotrons for their hospitals or research centers .
Scope Of The Report
Report Attributes
Report Details
Report Title
Multiparticle Medical 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
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Multiparticle Medical Cyclotron Market Report Segments:
The global Multiparticle Medical 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 Medical 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 Medical 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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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 medical cyclotron is a type of particle accelerator that uses a magnetic field to accelerate charged particles, such as protons and electrons, to high speeds. These particles can then be used in medical treatments, such as cancer therapy and radiotherapy.
Some of the key players operating in the multiparticle medical cyclotron market are IBA, GE, Siemens, Sumitomo, ACSI, Best Medical, IBA.
The multiparticle medical cyclotron market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multiparticle Medical 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 Medical Cyclotron Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Multiparticle Medical 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 Medical 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 Medical Cyclotron Market Size & Forecast, 2018-2028 4.5.1 Multiparticle Medical Cyclotron Market Size and Y-o-Y Growth 4.5.2 Multiparticle Medical Cyclotron Market Absolute $ Opportunity
Chapter 5 Global Multiparticle Medical 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 Medical 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 Medical 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 Medical 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 Medical 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 Medical 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 Medical Cyclotron Analysis and Forecast
9.1 Introduction
9.2 North America Multiparticle Medical 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 Medical 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 Medical 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 Medical Cyclotron Analysis and Forecast
10.1 Introduction
10.2 Europe Multiparticle Medical 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 Medical 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 Medical 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 Medical Cyclotron Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Multiparticle Medical 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 Medical 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 Medical 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 Medical Cyclotron Analysis and Forecast
12.1 Introduction
12.2 Latin America Multiparticle Medical 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 Medical 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 Medical 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 Medical Cyclotron Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Multiparticle Medical 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 Medical 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 Medical 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 Medical Cyclotron Market: Competitive Dashboard
14.2 Global Multiparticle Medical 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