Cyclotron Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The global cyclotron market is anticipated to grow at a CAGR of 11.2% during the forecast period (2024-2031). Cyclotrons are crucial in producing isotopes used in therapeutic radiopharmaceuticals for treating conditions such as cancer and neurological disorders including Alzheimer's. According to the International Atomic Energy Agency (IAEA), between 10 and 12% of radiopharmaceuticals are produced in cyclotrons globally, but the demand for cyclotrons is increasing as more of the radionuclides they produce are used in research, diagnosis, and treatment in a range of life-threatening diseases such as cancer, Parkinson's, Alzheimer's, and insomnia. There were over 1,200 cyclotrons in operation around the globe, producing important radionuclides and increasing the availability of nuclear medicine ultimately providing better and more effective diagnosis.

To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/cyclotron-market

Further, technological advancements in positron emission tomography (PET) and single-photon emission computed tomography (SPECT) imaging have contributed to the demand for cyclotrons. These imaging techniques rely on radiopharmaceuticals produced with the help of cyclotrons. PET is used to produce high-quality 3D images of target organs or cells in the body to diagnose disease. According to the IAEA, hospitals in Portugal, a country of just 10 million, perform over 50,000 PET procedures per year. Globally, cyclotrons account for 95% of the production of radiopharmaceuticals used in PET.

In addition, manufacturers emphasize partnerships and product launches to meet market demand for cyclotron. For instance, in January 2022, IBA, a pioneer in particle accelerator technology and the provider of radiopharmaceutical production solutions, launched a new low-energy, compact-size cyclotron, the Cyclone KEY. The new machine enabled small and medium-sized hospitals to produce their radiopharmaceutical products in-house while providing more widespread global access to diagnostic solutions in oncology, neurology, and cardiology.

Global Cyclotron Market Report Segment

By Product

• Cyclotron 10-12MeV
• Cyclotron 16-18MeV
• Cyclotron 19-24MeV
• Cyclotron above 24MeV

By Application

• Medical
• Industrial

A full report of Cyclotron Market available @ https://www.omrglobal.com/industry-reports/cyclotron-market

Cyclotron Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Alcen
• Best Cyclotron Systems, Inc.
• Covidien plc
• Cyclotron Inc.
• IONETIX Corp.
• Isosolution Inc.
• Nueclear Healthcare Ltd.
• Samsung Medical
• Stryker Corp.
• Sumitomo Heavy Industries, Ltd.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.