North America Medical Cyclotron Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type [Ring Cyclotron and Azimuthally Varying Field (AVF)], Capacity (10-12 MeV, 16-18 MeV, 19-24 MeV, and 24 MeV and Above), and End User (Hospitals, Specialized Clinics, Pharmaceutical Companies, and Others)
The medical cyclotron market in North America is expected to grow from US$ 91.67 million in 2022 to US$ 152.68 million by 2028; it is estimated to register a CAGR of 8.9% from 2022 to 2028.
Cyclotron therapy is commonly used for the treatment of various types of cancer. The prevalence of cancer is rising every year. Moreover, proton beam therapy is used to treat tumors that do not spread in the body; thus, they do not require surgery. Further, brain and spinal cord cancers are prevalent. The procedure is suitable for children as it prevents damaging healthy and growing tissues. Furthermore, it is used to treat different types of eye cancers such as orbital rhabdomyoma sarcoma and retinoblastoma. Radiotherapy is a scientifically sophisticated way to diagnose and treat cancer. According to the National Cancer Institute, the US government spent US$ 208.9 billion on cancer treatment in 2020. The increase in the development of artificial radionuclides, a surge in the number of therapies, and a rise in the prevalence of cancer are driving the growth of the medical cyclotrons market in North America.
North America Medical Cyclotron Market Revenue and Forecast to 2028 (US$ Million)
North America Medical Cyclotron Market Segmentation
The North America medical cyclotron market is segmented into type, capacity, end user, and country. Based on type, the market is bifurcated into ring cyclotron and azimuthally varying fields (AVF). The ring cyclotron segment held the larger share of the market in 2022. Based on capacity, the market is segmented into 10-12 MeV, 16-18 MeV, 19-24 MeV, and 24 MeV and above. In 2022, the 16-18 MeV segment held the largest share of the market. Based on end user, the market is categorized into hospitals, specialized clinics, pharmaceutical companies, and others. In 2022, the hospitals segment held the largest share of the market. Based on country, the North America medical cyclotron market is segmented into the US, Canada, and Mexico. Further, the US held the largest share of the market in 2022.
A few of the key players operating in the North America medical cyclotron market are Advanced Cyclotron Systems; ALCEN; Best ABT Molecular Imaging, Inc; Best Cyclotron Systems, Inc.; General Electric Company; IBA; Ionetix Corporation; isoSolution Inc.; Siemens AG; and Sumitomo Heavy Industries, Ltd.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Medical Cyclotron Market – By Type
1.3.2 North America Medical Cyclotron Market – By Capacity
1.3.3 North America Medical Cyclotron Market – By End User
1.3.4 North America Medical Cyclotron Market – By Country
2. North America Medical Cyclotron Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medical Cyclotron Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America– PEST Analysis
4.3 Expert Opinion
5. North America Medical Cyclotron Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Cancer
5.1.2 Growing Inclination Toward Nuclear Scans for Accurate Diagnosis
5.2 Market Restraints
5.2.1 High Cost of Procedures and Lack of Expertise
5.3 Future Trends
5.3.1 Rising Availability of Technologically Advanced Diagnostic Devices
5.4 Market Opportunities
5.4.1 Rise in Acceptance for Particle Accelerators
5.5 Impact Analysis
6. Medical Cyclotron Market – North America Analysis
6.1 North America Medical Cyclotron Market Revenue Forecast and Analysis
7. North America Medical Cyclotron Market– By Type
7.1 Overview
7.2 North America Medical Cyclotron Market Share, by Type, 2022 and 2028 (%)
7.3 Ring Cyclotron
7.3.1 Overview
7.3.2 Ring Cyclotron: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
7.4 Azimuthally Varying Field (AVF)
7.4.1 Overview
7.4.2 Azimuthally Varying Field (AVF): North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
8. North America Medical Cyclotron Market– By Capacity
8.1 Overview
8.2 North America Medical Cyclotron Market Share, by Capacity, 2022 and 2028 (%)
8.3-12 MeV
8.3.1 Overview
8.3.2-12 MeV: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
8.4-18 MeV
8.4.1 Overview
8.4.2-18 MeV: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
8.5-24 MeV
8.5.1 Overview
8.5.2-24 MeV: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
8.6 MeV and Above
8.6.1 Overview
8.6.2 MeV and Above: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
9. North America Medical Cyclotron Market– By End User
9.1 Overview
9.2 North America Medical Cyclotron Market Share, by End User, 2022 and 2028 (%)
9.3 Hospitals
9.3.1 Overview
9.3.2 Hospitals: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
9.4 Specialized Clinics
9.4.1 Overview
9.4.2 Specialized Clinics: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
9.5 Pharmaceutical Companies
9.5.1 Overview
9.5.2 Pharmaceutical Companies: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
10. North America Medical Cyclotron Market– Country Analysis
10.1 North America: Medical Cyclotron Market
10.1.1 Overview
10.1.2 North America: Medical Cyclotron Market, by Country, 2022 & 2028 (%)
10.1.3 US: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
10.1.3.1 US: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
10.1.3.2 US: Medical Cyclotron Market, by Type, 2022–2028 (USD Million)
10.1.3.3 US: Medical Cyclotron Market, by Capacity, 2022–2028 (USD Million)
10.1.3.4 US: Medical Cyclotron Market, by End User, 2022–2028 (USD Million)
10.1.4 Canada: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
10.1.4.1 Canada: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
10.1.4.2 Canada: Medical Cyclotron Market, by Type, 2022–2028 (USD Million)
10.1.4.3 Canada: Medical Cyclotron Market, by Capacity, 2022–2028 (USD Million)
10.1.4.4 Canada: Medical Cyclotron Market, by End User, 2022–2028 (USD Million)
10.1.5 Mexico: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
10.1.5.1 Mexico: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
10.1.5.2 Mexico: Medical Cyclotron Market, by Type, 2022–2028 (USD Million)
10.1.5.3 Mexico: Medical Cyclotron Market, by Capacity, 2022–2028 (USD Million)
10.1.5.4 Mexico: Medical Cyclotron Market, by End User, 2022–2028 (USD Million)
11. North America Medical Cyclotron Market –Industry Landscape
11.1 Overview
11.2 Inorganic Growth Strategies
11.2.1 Overview
11.3 Organic Growth Strategies
11.3.1 Overview
12. Company Profiles
12.1 General Electric Company
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Best ABT Molecular Imaging, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 IBA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Heavy Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Siemens AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Advanced Cyclotron Systems
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 isoSolution Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ALCEN
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Ionetix Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Best Cyclotron Systems, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Glossary of Terms
LIST OF TABLES
Table 1. North America Medical Cyclotron Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: Medical Cyclotron Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. US: Medical Cyclotron Market, by Capacity, – Revenue and Forecast to 2028 (USD Million)
Table 4. US: Medical Cyclotron Market, by End User, – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada: Medical Cyclotron Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada: Medical Cyclotron Market, by Capacity, – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada: Medical Cyclotron Market, by End User, – Revenue and Forecast to 2028 (USD Million)
Table 8. Mexico: Medical Cyclotron Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico: Medical Cyclotron Market, by Capacity, – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico: Medical Cyclotron Market, by End User, – Revenue and Forecast to 2028 (USD Million)
Table 11. Recent Inorganic Growth Strategies in the North America Medical Cyclotron Market
Table 12. Recent Organic Growth Strategies in the Medical Cyclotron Market
Table 13. Glossary of Terms, North America Medical Cyclotron Market
LIST OF FIGURES
Figure 1. North America Medical Cyclotron Market Segmentation
Figure 2. North America Medical Cyclotron Market, By Country
Figure 3. North America Medical Cyclotron Market Overview
Figure 4.-18 MeV Segment Held Largest Share of Capacity Segment In North America Medical Cyclotron Market
Figure 5. US Is Expected to Show Remarkable Growth During the Forecast Period
Figure 6. North America PEST Analysis
Figure 7. Expert Opinion
Figure 8. North America Medical Cyclotron Market Impact Analysis of Driver and Restraints
Figure 9. North America Medical Cyclotron Market – Revenue Forecast And Analysis – 2022- 2028
Figure 10. North America Medical Cyclotron Market Share, by Type, 2022 and 2028 (%)
Figure 11. Ring Cyclotron: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 12. Azimuthally Varying Field (AVF): North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 13. North America Medical Cyclotron Market Share, by Capacity, 2022 and 2028 (%)
Figure 14.-12 MeV: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 15.-18 MeV: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 16.-24 MeV: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 17. MeV and Above: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 18. North America Medical Cyclotron Market Share, by End User, 2022 and 2028 (%)
Figure 19. Hospitals: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 20. Specialized Clinics: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 21. Pharmaceutical Companies: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 22. Others: North America Medical Cyclotron Market– Revenue and Forecast to 2028 (USD Million)
Figure 23. North America: Medical Cyclotron Market, by Key Country – Revenue (2022) (USD Million)
Figure 24. North America: Medical Cyclotron Market, by Country, 2022 & 2028 (%)
Figure 25. US: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
Figure 26. Canada: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
Figure 27. Mexico: Medical Cyclotron Market – Revenue and Forecast to 2028 (USD Million)
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