Medical Cyclotron Market Size, Trends and Forecast 2024-2032
According to FutureWise analysis the market for medical cyclotron in 2023 was US$ 163 million, and is expected to reach US$ 260 million by 2031 at a CAGR of 6.3%.
A medical cyclotron is a type of particle accelerator used to diagnose and treat chronic conditions such as cancer and heart disease. A cyclotron is a device that uses a magnet and a high electrical voltage to spirally accelerate charged particles. When particles collide with a target, nuclear reactions occur, producing radioactive isotopes. Because radioactive isotopes have a short half-life (for example, Flourine-18 has a half-life of approximately 110 minutes), they decay quickly after they are created. As a result, several research and diagnostic institutes have constructed their own medical cyclotrons to produce radioactive isotopes for a variety of medical applications. The cyclotron generates radioactive atoms that have a short half-life and are used in medical imaging and research. As a result, medical cyclotrons are also known as isotope-producing machines. Chemical compounds (typically glucose) are combined with these isotopes to create injectable radioactive tracers for Positron Emission Tomography (PET) scans and other diagnostic techniques. A radioactive tracer is injected into the patient's body during a PET scan.
According to the analysis conducted by FutureWise research analysts, the medical cyclotron market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.
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Medical Cyclotron Market Segmentation:
By Type
- Ring Cyclotron
- Azimuthally Varying Field (AVF)
By Product
- 10–12 MeV
- 16–18 MeV
- 19–24 MeV
- 24 MeV and Above
By End User
- Hospitals
- Specialized Clinics
- Pharmaceutical Companies
- Other End User
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Competitive Landscape in Medical Cyclotron Market:
- General Electric Company
- Varian Medical Systems, Inc.
- IBA
- Sumitomo Heavy Industries, Ltd
- Siemens AG
- Advanced Cyclotron Systems
- IsoSolution Inc
- Alcen
- Ionetix Corporation
- Best Cyclotron Systems, Inc.
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**Objectives of this Study: **
- To provide a comprehensive analysis of the Medical Cyclotron Market By Type, By Product, By End User and By Region.
- To offer detailed insights into factors such as drivers, restraints, trends, and opportunities, as well as segmental and regional influences on market growth.
- To evaluate current market trends and forecast micro-markets, presenting overall market projections in the form of data sets and PowerPoint presentations.
- To predict the market size in key regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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