MEDICAL CYCLOTRON MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2021 to 2028)

Medical cyclotron is a type of particle accelerator used in the diagnosis and treatment of chronic diseases such as cancer, cardiovascular disease, and others. Cyclotron comprises a magnet and high electrical voltage which accelerates charged particles in a spiral motion. The particles collide with a target to produce radioactive isotopes due to nuclear reactions.

Key players are focused on launching advanced and reliable medical cyclotron products to expand their market share.

For instance, in 2016, IBA Radiopharma Solutions, a global medical technology company has launched –Cyclone KIUBE—at the 2016 Society of Nuclear Medicine and Molecular Imaging (SNMMI) annual meeting in San Diego, U.S. It is an 18 MeV fixed energy cyclotron with a compact design and is cost-effective as it enables the production of almost all possible radioisotopes used currently in Positron Emission Tomography (PET) scan diagnostics.

Market Dynamics

The global medical cyclotron market is expected to witness significant growth over the forecast period, owing to the strong focus of market players on establishing strategic collaborations, partnerships, etc. to expand their presence globally.

For instance, in October 2019, IBA Radiopharma Solutions, a Belgium-based medical technology company, announced a collaboration with Azrieli Centre for Neuro-Radiochemistry at the Centre for Addiction and Mental Health (CAMH), a Canada-based mental health hospital and research center, in order to promote research and development in the field of nuclear medicine. Under this collaboration, cyclotron and radiosynthesizer platform offered by IBA Radiopharma Solutions will be used for research purposes by Azrieli Centre for Neuro-Radiochemistry.

Key features of the study:

• This report provides an in-depth analysis of the global medical cyclotron market, market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global medical cyclotron market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include IBA Radiopharma Solutions, Advanced Cyclotron Systems, Best Cyclotron Systems, Inc., Best ABT Molecular Imaging, Inc., Siemens Healthineers, GE Healthcare, IONETIX Corporation, PMB-ALCEN, Sumitomo Heavy Industries, Ltd., and The Japan Steel Works, Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global medical cyclotron market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical cyclotron market

Detailed Segmentation:

• Global Medical Cyclotron Market, By Product Type:
  • Fixed Energy Cyclotron
  • Variable Energy Cyclotron
    • 10-30 MeV
    • 30 -70 MeV
• Global Medical Cyclotron Market, By Application:
  • Diagnostic and Treatment
  • Research and Development
• Global Medical Cyclotron Market, By End User:
  • Hospitals
  • Diagnostic Centers
  • Commercial Radioisotope Manufacturers
  • Research and Academic Institutes
• Global Medical Cyclotron Market, By Region:
  • North America
    • By Country
      • U.S.
      • Canada
  • Latin America
    • By Country
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region
      • South Africa
      • Central Africa
      • North Africa
• Company Profiles
  • IBA Radiopharma Solutions*
    • Company Overview
    • Product Portfolio
    • Financial Overview
    • Key Highlights
    • Market Strategies
  • Advanced Cyclotron Systems
  • Best Cyclotron Systems, Inc.
  • Best ABT Molecular Imaging, Inc.
  • Siemens Healthineers
  • GE Healthcare
  • IONETIX Corporation
  • PMB-ALCEN
  • Sumitomo Heavy Industries, Ltd.
  • The Japan Steel Works, Ltd.

“*” marked represents similar segmentation in other categories in the respective section.