Medical Cyclotron Market, by Product Type (Fixed Energy Cyclotron and Variable Energy Cyclotron (10-30 MeV and 30-70 MeV)), by Application (Diagnostic and Treatment and Research and Development), by End User (Hospitals, Diagnostic Centers, Commercial Radi

Medical Cyclotron Market, by Product Type (Fixed Energy Cyclotron and Variable Energy Cyclotron (10-30 MeV and 30-70 MeV)), by Application (Diagnostic and Treatment and Research and Development), by End User (Hospitals, Diagnostic Centers, Commercial Radioisotope Manufacturers, and Research and Academic Institutes) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 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 (2022-2028), considering 2021 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 Product Type
Fixed Energy Cyclotron
Variable Energy Cyclotron
10-30 MeV
30 -70 MeV
By Application
Diagnostic and Treatment
Research and Development
By End User
Hospitals
Diagnostic Centers
Commercial Radioisotope Manufacturers
Research and Academic Institutes
By Country
U.S.
Canada
Latin America
By Product Type
Fixed Energy Cyclotron
Variable Energy Cyclotron
10-30 MeV
30 -70 MeV
By Application
Diagnostic and Treatment
Research and Development
By End User
Hospitals
Diagnostic Centers
Commercial Radioisotope Manufacturers
Research and Academic Institutes
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type
Fixed Energy Cyclotron
Variable Energy Cyclotron
10-30 MeV
30 -70 MeV
By Application
Diagnostic and Treatment
Research and Development
By End User
Hospitals
Diagnostic Centers
Commercial Radioisotope Manufacturers
Research and Academic Institutes
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Product Type
Fixed Energy Cyclotron
Variable Energy Cyclotron
10-30 MeV
30 -70 MeV
By Application
Diagnostic and Treatment
Research and Development
By End User
Hospitals
Diagnostic Centers
Commercial Radioisotope Manufacturers
Research and Academic Institutes
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
By Product Type
Fixed Energy Cyclotron
Variable Energy Cyclotron
10-30 MeV
30 -70 MeV
By Application
Diagnostic and Treatment
Research and Development
By End User
Hospitals
Diagnostic Centers
Commercial Radioisotope Manufacturers
Research and Academic Institutes
By Country
GCC
Israel
Rest of Middle East
Africa
By Product Type
Fixed Energy Cyclotron
Variable Energy Cyclotron
10-30 MeV
30 -70 MeV
By Application
Diagnostic and Treatment
Research and Development
By End User
Hospitals
Diagnostic Centers
Commercial Radioisotope Manufacturers
Research and Academic Institutes
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.