Global Medical Cyclotron Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global medical cyclotron market in its upcoming report titled, “Global Medical Cyclotron Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global medical cyclotron market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical cyclotron market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
An accelerator machine wherein charged particles such as ions, protons, etc. are driven by an alternating current (AC) in a magnetic field for production of short lived radioisotopes that are used for medical imaging or research is called as a medical cyclotron. Fluorine-18 is a commonly produced isotope.
Rising prevalence of cancer among individuals across the globe is a major factor driving growth of the global medical cyclotron market. In addition, increasing demand for advanced medical imaging techniques and advanced treatment techniques is another major factor expected to further drive growth of the global market to a significant extent over the forecast period. Moreover, inclination towards advanced diagnosis techniques such as nuclear scans is another factor further propelling growth of the global market. This trend is expected to increase over the next 10 years.
High cost of instruments and high associated cost are major factors restraining growth of the global medical cyclotron market. In addition, stringent government regulations and lack of skilled professionals to operate medical cyclotrons in some underdeveloped and developing economies are factors expected to hamper the growth of the global market to a certain extent over the forecast period. Technological advancements towards product development in terms of cost and efficiency is expected to create opportunities for major manufacturers in the global market over the next 10 years.
High manufacturing cost and fluctuating raw material prices are key factors hampering growth of the Global Wireless Microphone Market . The current trend observed in the market is increasing demand for flexible wearables, smart watches, and flexible displays, which is another factor expected to further support growth of the target market. Increasing adoption of flexible electronics in smart applications is expected to present lucrative business opportunity to major manufacturers and vendors in the global market over the next 10 years.
AsaiNorth America market dominates the global medical cyclotron market in terms of revenue with a share of XX.X% and is expected to maintain its dominance over the forecast period. Increasing number of cancer patients in countries in this region and increasing adoption of advanced imaging techniques are major factors driving growth of the North America medical cyclotron market. The Europe medical cyclotron market is expected to witness significant growth and is expected to register a CAGR of XX.X% over the forecast period. The Asia Pacific medical cyclotron market is expected to witness highest growth and is projected to register a CAGR of XX.X% over the next 10 years. This growth can be attributed to increasing investments in healthcare infrastructure by government and private players in countries such as India, Japan, China in this region.
Global medical cyclotron market segmentation:
Segmentation on the basis of product type:
- AVF Cyclotron
- Ring Cyclotron
Segmentation on the basis of application:
- Specialized Clinics
- Pharmaceutical companies
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- General Electric Company
- Nueclear Healthcare Limited
- Cyclotron Products, Inc.
- Ion Beam Applications (IBA) SA
- Siemens Medical Solutions USA, Inc.
- Sumitomo Heavy Industries. Ltd.
- Advanced Cyclotron Systems
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