Market Overview:
The global vertical medical cyclotron market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The high energy medical cyclotron segment is expected to hold the largest share of the market in terms of revenue, while the low energy medical cyclotron segment is projected to grow at a higher CAGR during the forecast period. The commercial application segment is expected to be the largest contributor in terms of revenue, followed by academic applications in 2018. However, academic applications are projected to grow at a higher CAGR than commercial applications during the forecast period.
Product Definition:
A medical cyclotron is a particle accelerator used in radiation therapy to treat cancer. It produces a beam of protons or carbon ions that can be directed at the tumor. The vertical medical cyclotron is the most common type of medical cyclotron.
Low Energy Medical Cyclotron:
A low energy medical cyclotron is a nuclear magnetic resonance (NMR) imaging device that utilizes the principle of nuclear magnetic resonance to provide information about the chemical composition of biological tissues. The NMR signal from these devices is used for noninvasive diagnosis and monitoring of various diseases, including cancer.
The global vertical medical cyclotron market size was valued at USD 648.1 million in 2016.
High Energy Medical Cyclotron:
A high energy medical cyclotron is a nuclear magnetic resonance (NMR) imaging device that utilizes a small amount of radioactive material to perform an internal scan of the body. The machine works by spinning an unstable isotope, which can be captured by the magnet and then slowly decay over time providing an image. This type of scanning is used for diagnosis in various fields such as neurology, oncology, dentistry and many more.
Application Insights:
The academic application segment held the largest share of over 80.0% in 2017. The segment is expected to witness significant growth owing to rising R&D activities for the development of new drugs and therapies using cyclotrons as a tool for accelerating particles and increasing their energy levels, which eventually leads to cancer cell destruction.
In addition, growing government support towards research related to medical cyclotron is also likely to drive the market growth during the forecast period. For instance, in June 2018, Health Canada granted approval for clinical trials with high-energy Medical Cyclotron (HEC) systems that are designed specifically for this purpose by Cetecom Limited and Compact Linear accelerator LLC (CLI). This approval was given after evaluation of three different HEC systems namely; HESifar LEO 3200 from Cetecom Ltd.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the number of cancer patients seeking treatment in this region. The U.S. is at the forefront of revenue generation for this vertical with over 80% share and is expected to maintain its dominance throughout the forecast period as well. This can be attributed to increasing R&D investments by key players, rising adoption of advanced technologies, and growing focus on healthcare infrastructure development by government organizations such as FDA (U.S.
Growth Factors:
- Increasing demand for radiopharmaceuticals in the treatment of cancer
- Rising incidence of cancer globally
- Growing number of private and government-funded radiotherapy centers
- Technological advancements in medical cyclotron systems and software
- Increasing awareness about the benefits of radiation therapy
Scope Of The Report
Report Attributes
Report Details
Report Title
Vertical 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
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Vertical Medical Cyclotron Market Report Segments:
The global Vertical 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
Highlights of The Vertical 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 Vertical 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 Vertical Medical Cyclotron is a type of medical device that uses an electric field to accelerate particles to high speeds. This allows doctors to treat patients with cancer and other diseases by using radiation therapy.
Some of the major companies in the vertical medical cyclotron market are IBA, GE, Siemens, Sumitomo, ACSI, Best Medical.
The vertical medical cyclotron market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vertical Medical Cyclotron Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vertical Medical Cyclotron Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vertical Medical Cyclotron Market - Supply Chain
4.5. Global Vertical Medical Cyclotron Market Forecast
4.5.1. Vertical Medical Cyclotron Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vertical Medical Cyclotron Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vertical Medical Cyclotron Market Absolute $ Opportunity
5. Global Vertical Medical Cyclotron Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vertical Medical Cyclotron Market Size and Volume Forecast by Type
5.3.1. Low Energy Medical Cyclotron
5.3.2. High Energy Medical Cyclotron
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vertical Medical Cyclotron Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vertical Medical Cyclotron Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Academic
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vertical Medical Cyclotron Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vertical Medical Cyclotron Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vertical Medical Cyclotron Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vertical Medical Cyclotron Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vertical Medical Cyclotron Demand Share Forecast, 2019-2026
9. North America Vertical Medical Cyclotron Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vertical Medical Cyclotron Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vertical Medical Cyclotron Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Academic
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vertical Medical Cyclotron Market Size and Volume Forecast by Type
9.7.1. Low Energy Medical Cyclotron
9.7.2. High Energy Medical Cyclotron
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vertical Medical Cyclotron Demand Share Forecast, 2019-2026
10. Latin America Vertical Medical Cyclotron Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vertical Medical Cyclotron Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vertical Medical Cyclotron Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Academic
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vertical Medical Cyclotron Market Size and Volume Forecast by Type
10.7.1. Low Energy Medical Cyclotron
10.7.2. High Energy Medical Cyclotron
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vertical Medical Cyclotron Demand Share Forecast, 2019-2026
11. Europe Vertical Medical Cyclotron Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vertical Medical Cyclotron Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vertical Medical Cyclotron Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Academic
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vertical Medical Cyclotron Market Size and Volume Forecast by Type
11.7.1. Low Energy Medical Cyclotron
11.7.2. High Energy Medical Cyclotron
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vertical Medical Cyclotron Demand Share, 2019-2026
12. Asia Pacific Vertical Medical Cyclotron Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vertical Medical Cyclotron Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vertical Medical Cyclotron Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Academic
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vertical Medical Cyclotron Market Size and Volume Forecast by Type
12.7.1. Low Energy Medical Cyclotron
12.7.2. High Energy Medical Cyclotron
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vertical Medical Cyclotron Demand Share, 2019-2026
13. Middle East & Africa Vertical Medical Cyclotron Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vertical Medical Cyclotron Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vertical Medical Cyclotron Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Academic
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vertical Medical Cyclotron Market Size and Volume Forecast by Type
13.7.1. Low Energy Medical Cyclotron
13.7.2. High Energy Medical Cyclotron
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vertical Medical Cyclotron Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vertical Medical Cyclotron Market: Market Share Analysis
14.2. Vertical Medical Cyclotron Distributors and Customers
14.3. Vertical Medical Cyclotron Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IBA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sumitomo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ACSI
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Best Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook