Global Medical Cyclotron Industry

April 2021
180 pages
ID: 6032142
Format: PDF
Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Abstract:
- Global Medical Cyclotron Market to Reach $328 Million by 2027
- Amid the COVID-19 crisis, the global market for Medical Cyclotron estimated at US$174.1 Million in the year 2020, is projected to reach a revised size of US$328 Million by 2027, growing at a CAGR of 9.5% over the analysis period 2020-2027. 16-18 MeV, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$179.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 10-12 MeV segment is readjusted to a revised 9.4% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $47.1 Million, While China is Forecast to Grow at 12.5% CAGR
- The Medical Cyclotron market in the U.S. is estimated at US$47.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$68.8 Million by the year 2027 trailing a CAGR of 12.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 8.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.
- 19-24 MeV Segment to Record 10.1% CAGR
- In the global 19-24 MeV segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.7 Million in the year 2020 will reach a projected size of US$29.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$46.8 Million by the year 2027, while Latin America will expand at a 11.5% CAGR through the analysis period.

- Select Competitors (Total 36 Featured) -

Advanced Cyclotron Systems
Alcen
Best Cyclotron Systems, Inc.
General Electric Company
IBA
Ionetix
isoSolution Inc.
Nuclear Healthcare Limited
Siemens AG
Sumitomo Heavy Industries, Ltd.
TeamBest (Best Medical International, Inc.)
Varian Medical Systems, Inc.

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