Medical cyclotron is type of particle accelerator used in diagnosis and treatment of chronic disease such as cancer, cardiovascular disease, and others. Cyclotron comprises a magnet and high electrical voltage, which accelerates charged particles in a spiral motion. The particles collides with a target to produce radioactive isotope due to nuclear reaction. Therefore, medical cyclotron can also be termed as an isotope producing machine.

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These isotopes are further combined with chemical compounds (mostly glucose) to create injectable radioactive tracers that are used in Positron Emission Tomography (PET) scans and other diagnostic techniques. A PET scan involves injecting a radioactive tracer into the patient’s body. Radiologists utilizes PET imaging techniques to detect the presence of radioactive tracer at specific sites in the body.

Medical Cyclotron Market - Market Dynamics

High prevalence of cancer is expected to be a major factor driving growth of the medical cyclotron market. This is due to the ability of medical cyclotron to detect cancer, observe response of cancer treatments, and check recurrence of the disease using PET scan techniques. For instance, according to World Health Organization (WHO) factsheet in February, cancer is one of leading non-communicable disease and second leading cause of death, worldwide. Moreover, according to a report by International Age for Research on Cancer (IARC) in 2012, around 14.1 million new cases of cancer, along with around 8.8 million death were registered for 2012. The report further stated that around 32.6 million people were suffering from cancer.

Medical Cyclotron Market - Regional Insights

On the basis of Geography, medical cyclotron market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to hold a dominant position in the medical cyclotron market. The U.S. also has one of the highest prevalence of the cancer in the world which would indirectly create greater need for PET scan and eventually medical cyclotron. According to a report by American Cancer Society, in 2018, cancer is the second leading cause of death after cardio vascular disease. Furthermore, the report projected around 1.7 million new cases of cancer and around half million deaths due to the disease.

Medical Cyclotron Market - Competitive Landscape

Key players operating in the medical cyclotron market include, IBA, Advanced Cyclotron Systems, Inc., GE Healthcare, Siemens Healthineers USA, Inc., Sumitomo Heavy Industries, Ltd., and Best Cyclotron Solutions Inc.

Key players are focused on launching advanced and reliable medical cyclotron products to expand their market share. For instance, in 2016, IBA launched –Cyclone KIUBE—at the 2016 Society of Nuclear Medicine and Molecular Imaging (SNMMI) annual meeting in San Diego, California, U.S. It is an 18 MeV fixed energy cyclotron with compact design and is cost-effective as it provides production of almost all possible radioisotopes used currently in PET scan diagnostic.

Medical Cyclotron Market - Market Taxonomy

On the basis of product type, the global medical cyclotron market is segmented into:

Fixed Energy Cyclotron

Variable Energy Cyclotron

10-30 MeV

30 -70 MeV

On the basis of application, the global medical cyclotron market is segmented into:

Diagnostic and Treatment

Research and Development

Others

On the basis of end user, the global medical cyclotron market is segmented into:

Hospitals

Diagnostic Centers

Commercial Radioisotope Manufacturers

Research and Academic Institutes

On the basis of region, the global medical cyclotron market is segmented into:

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

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