Medical Cyclotron Market Volume Analysis, Segments, Value Share and Key Trends 2017-2027
The major isotope that is used for the cyclotron is fluorine-18. Its ability to decay itself to produce positrons, which is used around the world for Positron Emission Tomography and PET scans. PET scans are used for the diagnosis and treatment of cancer. With the product obtained from a cyclotron, we can produce a wide variety of isotopes of our interest for medical imaging such as iodine-123, Technetium-99m and Gallium-67. The advantage of using cyclotron rather than buying isotopes for medical application is that as the isotopes has short half-life period. By the time an isotope reaches its destination it covers its half-life. However, by having a cyclotron in the medical facility it not only reduces the cost but also, increase the number of scans to the patients in a given day. The medical facility that used cyclotron is required to be built with extensive safety such as multiple levels of shielding, monitoring and protection to ensure safe operations.
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Medical Cyclotron Market: Drivers and Restraints
Medical cyclotron market is growing with the increasing prevalence cases of cancer. The growing investments on advanced treatment procedures for cancer is expected to drive the market. The increasing geriatric population, growing economy, changing life styles. Increasing awareness about the use of cyclotrons in diagnosis application of deep- lying tumors. The stringent regulations by government, high cost associated with the procedure and lack of experience in using this procedure are expected to act as a restraint to the market
Medical Cyclotron Market: Overview
Product type is the major segment of the market that includes AVF Cyclotron and Ring Cyclotron. AVF cyclotron is abbreviated as “Azimuthally Varying Field”, it has magnetic fields that change with alternated strong and weak to focus beam axially. Ring cyclotron is a kind of AVF cyclotron, the magnets of this type of product are designed radially separated several sectors. The other segment includes end users that includes hospital, specialized clinics, pharmaceutical companies and others. The increasing government initiatives for the early detection and diagnosis of cancer is expected to act as the value-driver to the overall medical cyclotron market.
Medical Cyclotron Market: Regional Overview
Region wise, the global medical cyclotron market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America is expected to lead the market due to better economic condition, better government initiatives and more business investments. Latin America market is expected to hold second largest market share followed by Europe due to increasing trend towards racing competitions and awareness among population.
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Market: Key Players
Some of the players in medical cyclotron market includes: General Electric Company, Nueclear Healthcare Limited, Cyclotron Products, Inc., IBA, Sumitomo Heavy Industries. Ltd.and others.
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This report studies Medical Cyclotron in Global market, especially in North America, Europe, China, Japan, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering IBA GE Siemens Sumitomo Heavy Industries ACSI Best Medical Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Medical Cyclotron in these regions, from 2012 to 2022 (forecast), like North America China Europe Japan To Get