Overview:
An accelerator of particles known as a “medical cyclotron” is used to diagnose and treat chronic diseases like cancer, cardiovascular disease, and others. The cyclotron uses a magnet and high electrical power to spirally accelerate charged particles. Nuclear reactions cause radioactive isotopes to be created when the particles collide with a target.
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Market drivers:
Growing research and development efforts in the field of radiology for developing cancer therapies and diagnostics for cancer, cardiovascular disorders, and other diseases is likely to create growth opportunities for market players and in turn expected to propel growth of the global medical cyclotron market during the forecast period. For instance, the installation of a Cyclone 70P manufactured by, a major provider of medical technology, had begun at the Institute of Basic Science (IBS), a research centre with headquarters in South Korea, in November 2021.
Major market players are focusing on strategic partnerships and collaborations to gain a strong market presence, which is anticipated to fuel the growth of the global medical cyclotron market during the forecast period. For instance, to integrate the QUANTM99 Irradiation System and PETtrace 800 for the production of medical isotopes like copper-64, technetium-99m, gallium-68, and zirconium-89, GE Healthcare partnered with ARTMS Products, Inc. in August 2017.
COVID-19 Impact:
More than 100 nations around the world were impacted by the coronavirus outbreak that started in China. Numerous industries were disrupted by the COVID-19 outbreak.
Furthermore, due to a rise in COVID-19 patients, wholesalers are seeing erratic demand for their products from stores. People had to adopt social isolation and good cleanliness during the pandemic. Several research projects were delayed at this time, which had a negative effect on the market’s growth.
The production of medical radioisotopes continued during the COVID-19 pandemic as facilities involved in producing medical radioisotopes were regarded by the government as an essential service, according to information provided by the International Atomic Energy Agency (IAEA) survey in April 2020. Hospital shortages were brought on by COVID-19 regulations, which disrupted the shipment and distribution of these medical radioisotopes. The medical cyclotron market is anticipated to suffer as a result during the COVID-19 epidemic.
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Key Takeaways:
The global medical cyclotron market is anticipated to show a CAGR of 8.3% during the forecast period. It is due to an increase in the number of medical cyclotron launches. For instance, a leading provider of medical technology unveiled Cyclone IKON, a revolutionary variable-energy cyclotron, on June 10, 2021. Iodine-123, Copper-64, and other PET isotopes are produced with the assistance of Cyclone IKON and are employed in the advancement of nuclear medicine and the detection of cancer.
The fixed energy cyclotron segment is anticipated to hold the biggest market share among product types in global medical cyclotron market during the forecast period. It is due to market participants’ intense focus on securing long-term contracts with hospitals for the installation of cyclotrons. For instance, IBA Radiopharma Solutions, a medical technology company with headquarters in Belgium, announced in November 2020 that it had reached an agreement with West China Medical Center, a hospital in China, to install its 18 MeV Cyclone KIUBE fixed energy cyclotron at the latter for the production of PET radiopharmaceuticals.
Major Players:
The Japan Steel Works, Ltd., Sumitomo Heavy Industries, PMB-ALCEN, IONETIX Corporation, GE Healthcare, Siemens Healthineers, Best ABT Molecular Imaging, Best Cyclotron System, Advanced Cyclotron Systems and IBA Radiopharma Solutions are some major players in the market.
Reasons to buy this Medical Cyclotron Market Report
☑ It attempts an analysis of the competing scenario.
☑ The current and exceptional product revenue market.
☑ An in-depth data on the regional investigation and competitive landscape structure.
☑ It benefits in creating an awareness of the important key product segments.
☑ The marketing strategies, opportunities, and development factors are explained.
☑ Medical Cyclotron market size estimation and recent advancements in the industry are explained.
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Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launch/Approval
- Epidemiology
- PEST Analysis
- Acquisition And Collaboration Scenario
- Market Trends
- Verbatim Statements
- Global Medical Cyclotron Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID 19 Epidemiology
- COVID 19 Impact on Supply Chain Analysis
- Global Medical Cyclotron Market, By Product Type, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Fixed Energy Cyclotron
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Variable Energy Cyclotron
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- 10-30 MeV
- 30 -70 MeV
- Introduction
- Global Medical Cyclotron Market, By Application, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Diagnostic and Treatment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Research and Development
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Global Medical Cyclotron Market, By End User, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Commercial Radioisotope Manufacturers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Research and Academic Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Global Medical Cyclotron Market, By Region, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, For Regions, 2018–2028
- North America
- Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Application, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By End User, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Region/Country, 2017 – 2028, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Competitive Snapshot
- IBA Radiopharma Solutions*
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Advanced Cyclotron Systems
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Best Cyclotron Systems, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Best ABT Molecular Imaging, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Siemens Healthineers
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- GE Healthcare
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- IONETIX Corporation
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- PMB-ALCEN
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Sumitomo Heavy Industries, Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- The Japan Steel Works, Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- IBA Radiopharma Solutions*
- Competitive Snapshot
- Section
- References
- Research Methodology
- About us and Sales Contact
About Coherent Market Insights
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