Global Medical Linear Accelerator Market - 2022-2029

Global Medical Linear Accelerator Market - 2022-2029

Market Overview

The global medical linear accelerator market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

A medical linear accelerator uses X-rays of high energy and takes the shape of a tumor to destroy it while leaving the healthy cells. It is commonly practiced in external radiotherapy.

Market Dynamics

The global medical linear accelerator market growth is driven by the rise in prevalence of cancer. Furthermore, advantages of LINACs over other conventional devices and increase in awareness & availability of LINACs in medical settings boost the market growth.

Consultation companies are innovating in electron radiation and x-ray radiation LINAC systems coupled with the rise in prevalence of cancer is expected to drive the growth in the forecast period

According to Cancer Research UK, approximately 17 million people were diagnosed with cancer globally in 2018. Moreover, most cancers are diagnosed at the last stage of it. Hence, as cancer incidence increases, the demand for treatment will also increase and thereby be expected to boost the medical linear accelerator market growth. Moreover, high-energy linear particle accelerators are helping manufacturers gain a competitive edge in the healthcare landscape. For instance, Altair— a healthcare and clinical analytics solutions company, offers custom solutions to manufacturers in the linear accelerators (LINAC) market. Healthcare consultation companies are entering into contractual agreements with equipment manufacturers to innovate LINACs. This has led to the expansion of testing and tuning facilities. Consultation companies are establishing in-house testing facilities that validate the refurbishment cost of LINACs.

Consultation companies in the linear accelerators (LINAC) market acquire proficiency in repairing, designing, and supplying equipment. This benefits medical OEMs and other research entities. OEMs are increasing their production capacities to develop electron radiation and X-ray radiation LINACs. They are increasing the availability of turnkey LINACs that deploy various energy outputs.

Lack of skilled and experienced personnel is likely to hamper the market growth

Linear Accelerator Market however faces various challenges such as limited literature is available regarding the outcomes of the device usage, and linear accelerator device is not supported by evidence-based outcome studies, difficulty in visualizing tumors before targeting them, and the major concern is affordability and accessibility of the treatment. Shortage of trained personnel to prescribe appropriate dosage and sessions is observed in the linear accelerator market. Lack of skilled healthcare personnel is projected to restrain the global linear accelerators (LINAC) market. Key healthcare professionals involved in the radiation therapy are radiation therapy specialists, oncologists, and radiation dosimetrists. In developing countries, lack of skilled and trained healthcare professionals is a major pitfall for providing treatment to patients. These professionals must have knowledge about dosage, amount of radiation, and other factors in order to deliver successful treatment.

In 2018, there were nearly 2,000 oncologists for 10 million cancer patients in India. One of the major concerns is the concentration of oncologists in India. Majority of radiation facilities and oncologists are concentrated in the metropolitan cities of India, hampering equitable access to treatment.

COVID-19 Impact Analysis

Though the coronavirus (COVID-19) pandemic continues to surge in the U.S., healthcare facilities are being consistent in providing their services to patients. As such, ease in lockdown restrictions in the U.S. has helped equipment personnel to efficiently install and remove linear accelerators in hospital systems. However, quarantining of immigrants from hot zone states is likely to interfere with smooth delivery of healthcare services. This might hamper growth of the linear accelerators (LINAC) market. As such, medical workers are being exempt from quarantine restriction to ensure efficient removal and installation of medical equipment.

Equipment engineers are recommended to wear personal protective equipment (PPE), while replacing and installing linear accelerators. Sterilization and sanitization of PPE is becoming crucial amidst the COVID-19 pandemic. As such, cancer patients continue to receive treatments from linear accelerators. These factors are expected to drive the linear accelerators (LINAC) market during the forecast period.

Segment Analysis

The stereotactic radiosurgery/stereotactic body radiotherapy segment is expected to hold the largest share in this market segment

Stereotactic radiosurgery and steretactic body radiotherapy is a type of external radiotherapy that uses high energy photons to destroy cancerous cells while sparing healthy cells. Linear accelerator based stereotactic radiosurgery is rapidly increasing for the treatment in cancer and other neurological disorder such as trigeminal neurolagia. One of the studies published in 2017, by Journal of Applied Clinical Medical Physics revealed that linear accelerator based stereotactic surgery was found to be very effective in case of trigeminal neuralgia. Furthermore, with the wide accepentance of non-invasive surgery, the market is expected to increase.

Geographical Analysis

North America region holds the largest market share of global medical linear accelerator market

North America is expected to hold a major market share in the global medical linear accelerator market due to growing burden of diseases such as cancer and trigeminal neuralgia. According to Trigeminal Neuralgia Association of Canada, almost each year 5 per 100,000 people are diagnosed with trigeminal neuralgia in Canada. Furthermore, according to National Organization for Rare Disorders, trigeminal neuralgia is affecting between 10,000 to 15,000 people each year in the United States. One of its treatment include stereotactic surgery by using modified linear accelerator. Thus, these factors are expected to propel the medical linear accelerator market growth in North America.

Competitive Landscape

The global medical linear accelerator market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Accuray Inc, Elekta AB, Viewray Technologies Inc, Shinva Medical Instrument Co. Ltd, Panacea Medical Technologies, Brainlab AG, Altair Technologies Inc.and Siemens Healthineers. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Medical Linear Accelerator globally. For instance, In June 2020, Teledyne e2v US, a business unit of Teledyne Digital Imaging US, Inc., appointed RS&A Inc, United States based independent service provider of medical equipment, as its distributor of its linear accelerator medical and industrial products in the Americas.

Global Medical Linear Accelerator Market – Key Companies to Watch

Accuray Inc

Company Overview: Accuray Incorporated is a radiation therapy company. The Company develops, manufactures, sells and supports market-changing solutions that are designed to deliver radiation treatments. The Company's technologies include the CyberKnife and TomoTherapy platforms, including the Radixact System.

Product Portfolio: It includes product like Radixact System- shapes radiation to the tumor while sparing normal, healthy tissue.

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Visualize the composition of the medical linear accelerator market segmentation by product type, treatment type and region highlighting the key commercial assets and players.

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Target Audience

Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Research Professionals

Emerging Companies

Manufacturers

Market Segmentation

Global Medical Linear Accelerator Market – By Product Type

Dedicated Linear Accelerator

Non-Dedicated Linear Accelerator

Global Medical Linear Accelerator Market – By Treatment Type

Intensity Modulated Radiation Therapy

Volumetric Modulated Arc Therapy

Image Guided Radiation Therapy

Stereotactic Radiosurgery/Stereotactic Body Radiotherapy

Global Medical Linear Accelerator Market - By Region

North America

Europe

Asia-Pacific

Middle East & Africa

South America