Medical Cyclotron Market: Key Growth Factors & Investment Opportunities
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 particle accelerator used for diagnosing and treating chronic conditions like cancer and heart disease. It employs magnetic fields and high electrical voltages to accelerate charged particles, which then collide with a target to produce radioactive isotopes with short half-lives, such as Flourine-18, which lasts about 110 minutes. This quick decay allows for the production of isotopes for various medical applications.
These isotopes are often combined with chemical compounds, like glucose, to create injectable radioactive tracers for Positron Emission Tomography (PET) scans. During these scans, a tracer is injected into the patient’s body, facilitating detailed imaging. Functional or metabolic imaging, such as PET, has become crucial in identifying early functional changes in cells that precede structural alterations, aiding in effective treatment planning and reducing morbidity and mortality rates.Medical cyclotrons are specifically designed to produce ultra-short-lived radioisotopes used in PET imaging. India currently has around 25 medical cyclotron facilities, with additional cyclotrons and PET/CT facilities anticipated to open soon.
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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