For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Medical Cyclotron market:
According to our latest research, the global Medical Cyclotron market looks promising in the next 5 years. As of 2022, the global Medical Cyclotron market was estimated at USD 201.51 million, and it's anticipated to reach USD 330.59 million in 2028, with a CAGR of 8.6% during the forecast years.
A Medical Cyclotron is a particle accelerator that repeatedly propels a beam of charged particles (protons) in a circular path. Medical radioisotopes are made from non-radioactive materials (stable isotopes) that are bombarded with these protons. When a beam of protons interacts with a stable isotope, a nuclear reaction occurs, turning the stable isotope into a radioactive isotope. They are used on the one hand for radiation therapy (simultaneous delivery of ion beams and neutrons) and on the other hand for the production of radiotracers for diagnostics by emission tomography and for internal radiation therapy. Helping doctors and researchers diagnose, observe and treat diseases such as cancer. Helping doctors and researchers diagnose, observe and treat diseases such as cancer.
The impact of the Russia-Ukraine war on the Medical Cyclotron Market
The Russian-Ukrainian war sparked a spike in energy prices, which in turn sapped household spending and undermined business confidence, especially in Europe. The conflict has disrupted supply chains, causing shortages of food and other essentials and roiling global markets.
Energy
Russia is the world's third-largest oil and gas producer, and many countries are trying to limit or halt Russian energy purchases, depriving Moscow of much-needed energy revenue, which could drive up oil prices and push U.S. gasoline prices to an average of $5 a gallon Above, while European energy prices, which are more dependent on Russian energy, have risen more severely, a full-scale energy shock may still occur, and prices have risen sharply.
Traffic and transportation
The COVID-19 pandemic has complicated the world's sea lanes, with further complications arising during the Russo-Ukraine war, with around 11% of the global shipping workforce coming from Russia and 4% from Ukraine. Potential wartime sanctions and justice could lead to labor shortages and exacerbate port congestion in some areas, with much of the Black Sea closed to commercial shipping. However, China-Europe cross-border e-commerce relies heavily on air cargo. The obstruction of air routes during the Russo-Ukraine war forced airlines to re-naturalize routes, increasing transportation costs.
Due to Russia's greater weight in the global supply chain of some commodities, the global prices of some commodities may rise sharply, such as energy, food, certain special metals and minerals.
Compared with traditional radiotherapy, proton radiotherapy can achieve "fixed-point blasting" of tumors, with higher accuracy, while avoiding damage to normal tissues and reducing side effects and complications. It is considered to be the most advanced and more advanced in the world. Precise and cutting-edge radiation therapy technology. Precise radiotherapy for tumors with proton beams has the advantages of good dose distribution, high local dose, and less side scatter. Superconducting magnets are the core components of superconducting cyclotrons.
Since medical devices directly affect the human body and are directly related to human life and health, they have always been the focus of monitoring by governments around the world. In addition, for the sake of protecting their own enterprises, each country has a set of rules and regulations for market entry. For medical cyclotron equipment, its components also need to be managed as medical devices and subject to strict standard control; the whole system needs to obtain a Class III medical device registration certificate before it can be produced and sold.
In recent years, many emerging and traditional industries have embarked on digital transformation. Therefore, this will also become a major trend in the subsequent development of enterprises.
Region Overview:
In 2021, the share of the Medical Cyclotron market in Europe stood at 34.97%.
Company Overview:
IBA
Founded in 1986, IBA is a global medical technology company focused on bringing integrated and innovative solutions for the diagnosis and treatment of cancer. IBA is the world leader for the supply of PET & SPECT cyclotrons for radiopharmaceuticals production. Headquartered in Belgium, IBA installed and supports over 300 cyclotrons across the world.
GE
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas. GE HealthCare is a manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities used in medical imaging procedures. It offers dyes used in magnetic-resonance-imaging procedures; manufactures medical diagnostic equipment, including CT image machines; MRI, XRAY; Ultrasound; Cath Labs; Mamogram; Nuclear Medicine Cameres; and develops Health technology for medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery, and biopharmaceutical manufacturing.
IBA is one of the major players operating in the Medical Cyclotron market, holding a share of 41.51%
in 2022.
Segmentation Overview:
According to the energy of electron beams, medical cyclotrons can be divided into low-energy medical cyclotrons and high-energy medical cyclotrons. Low-energy medical cyclotron means that the proton energy is lower than 19mev, and when the proton energy is higher than 19mev, it is defined as a medical cyclotron. Different sizes of energy can be adapted to the treatment of tumors with different depths, and its application range gradually extends from deep tumors to superficial tumors.
Application Overview:
Cyclotrons are growing rapidly and playing an increasingly important role in healthcare, especially in advanced medical imaging procedures, as cyclotron-produced radiopharmaceuticals are highly effective in detecting various cancers, enabling small and medium-sized hospitals to produce their own in-house radiopharmaceutical products, while providing wider global access to diagnostic solutions in oncology, neurology and cardiology.
The cyclotron is capable of producing radiotracers to support positron emission tomography (PET) research in the fields of neurology, oncology and cardiology, among others.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Medical Cyclotron market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Medical Cyclotron Market Report:
Market Size Estimates: Medical Cyclotron market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Medical Cyclotron market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Medical Cyclotron market
Segment Market Analysis: Medical Cyclotron market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Medical Cyclotron market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Medical Cyclotron Market: Revenue and sales volume of major countries in each region
Medical Cyclotron Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Medical Cyclotron market in major regions.
Medical Cyclotron Industry Value Chain: Medical Cyclotron market raw materials & suppliers, manufacturing process, distributors, downstream customers
Medical Cyclotron Industry News, Policies & Regulations
Key players in the global Medical Cyclotron market are covered in Chapter 12:
GE
Best Medical
Siemens
Sumitomo
ACSI
IBA
In Chapter 2 and Chapter 15.1, based on types, the Medical Cyclotron market from 2018 to 2028 is primarily split into:
Low Energy Medical Cyclotron
High Energy Medical Cyclotron
In Chapter 3 and Chapter 15.2, based on applications, the Medical Cyclotron market from 2018 to 2028 covers:
Commercial
Academic
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Medical Cyclotron market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028