Medical Cyclotrons Market, By Product Type (Variable Energy Cyclotron [10-30 MeV and 30 -70 MeV] and Fixed Energy Cyclotron), By Application (Research & Development, Diagnostic & Treatment, and Others), By End User (Diagnostic Centers, Commercial Radioisotope Manufacturers, Hospitals, and Research & Academic Institutes), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI12919 | Publish Date: March 2024 | No. of Pages: 167

Global Medical Cyclotrons Market By Overview

Medical Cyclotrons Market was valued at US$ 243.6Billion in 2024 and is projected to grow at a CAGR of 9.90% to reach US$ 574.5 Billion by 2034.

Cyclotrons are a multi-purpose in-accelerating instrument which has broad application in the field of medicine. Medical cyclotrons are mainly used in the diagnosis and treatments of a number of diseases including cardiovascular disease, tumors, cancers, and other diseases. A cyclotron speed up charged particle beam by using a high-frequency discontinuous voltage which is applied in the place between two hollow electrodes inside a vacuum chamber. These allow particles to move in a spiral motion to inject into the center of the space. This particle runs over with a target to create radioactive isotopes due to a nuclear reaction. Hence, it is also known as an isotope producing machine. Further, this isotope is pooled with chemical complex, mostly glucose to make injectable radioactive tracers which are used in the positron emission tomography (PET) scan and also in other diagnostic instruments.

The high prevalence rate of cancer among the population is a key factor driving the global medical cyclotrons market during the forecast period. This growth is mainly attributed towards its significant application as medical cyclotrons help to detect cancer cells and also aid to monitor cancer treatment response in the patient.  For instance, the World Health Organization (WHO) stated that cancer is one of the leading non-communicable diseases and 2nd leading disease caused death globally. As cancer is growing among the population, the demands for diagnostic treatments are also at the peak, which is likely to support the global medical cyclotrons market growth during the forecast period. 

However, huge capital investment for medical cyclotrons along with the expensive research and development activities is a growth barrier for the market growth.

The global medical cyclotrons market is fragmented on the basis of product type, application, end-user, and region. 

The product type segment includes variable energy cyclotron and fixed energy cyclotron.  The variable energy cyclotrons further classified into 10-30 MeV and 30 -70 MeV.

Based on the application, the global medical cyclotrons market is divided into research & development, diagnostic & treatment, and others.

On the basis of the end-user, the global medical cyclotrons market has been segmented into diagnostic centers, commercial radioisotope manufacturers, hospitals, and research & academic institutes.

On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa. 

Key players operating in the global medical cyclotrons market include Sumitomo Heavy Industries, Ltd., IBA, GE Healthcare, Siemens Healthineers USA, Inc., Advanced Cyclotron Systems, Inc., and Best Cyclotron Solutions Inc.

Global Medical Cyclotrons Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysish
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Medical Cyclotrons Market, By Product Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Variable Energy Cyclotron [10-30 MeV and 30 -70 MeV]
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Fixed Energy Cyclotron
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Medical Cyclotrons Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Research & Development
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Diagnostic & Treatment
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Medical Cyclotrons Market, By End Users, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Diagnostic Centers
    • Buildings Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Commercial Radioisotope Manufacturers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Hospitals
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Research & Academic Institutes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Medical Cyclotrons Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • U.S.
    • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles 
  • Sumitomo Heavy Industries, Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • IBA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GE Healthcare
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Siemens Healthineers USA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Advanced Cyclotron Systems
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Best Cyclotron Solutions Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The medical cyclotrons market is fragmented on the basis of product type, application, end-user, and region.

High Initial Costs, Limited Availability, Regulatory Challenges, Limited Awareness in Developing Regions

Growing Incidence of Cancer, Increasing Emphasis on Molecular Imaging, Technological Advancements in Radiopharmaceuticals

North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa

Key players operating in the medical cyclotrons market include Sumitomo Heavy Industries, Ltd., IBA, GE Healthcare, Siemens Healthineers USA, Inc., Advanced Cyclotron Systems, Inc., and Best Cyclotron Solutions Inc.