Asia Pacific Medical Cyclotron Market is expected to reach US$ 51.45 million by 2027

Ring cyclotron segment by type is estimated to lead the market growth during the forecast period

According to The Insight Partners market research study of “ Asia Pacific Medical Cyclotron Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, Capacity, End User and Country.” The Asia Pacific medical cyclotron market is expected to reach US$ 51.45 million to 2027 from US$ 37.34 million in 2019, it is estimated to grow with a CAGR of 4.2% from 2020 to 2027. The report highlights trends prevailing in the Asia Pacific medical cyclotron market and the factors driving market along with those that act as hindrances.

Based on type, the medical cyclotron market is segmented into ring cyclotron, azimuthally, and varying field (AVF). The ring cyclotron segment held the largest share of the market in 2019. The same segment is estimated to register the highest CAGR in the market during the forecast period. A cyclotron is an electrically powered machine that produces a beam of charged particles for industrial, research, and medical purposes. In medical applications, cyclotrons have rays that are used to manufacture radioisotopes for medical imaging. Various medical cyclotrons are being used for the production of SPECT and Positron Emission Tomography (PET) isotopes used for therapeutic and other medical applications. Cyclotrons can be used in particle therapy to treat cancer by penetrating ion beams inside the body to remove tumors with radiation. Besides, proton beam therapy is used to treat tumors that do not spread in the body and, thus, do not require surgery. The prevalence of cancer is increasing every year. As per estimates by the Globocan 2018: India Factsheet, there were 1,157,294 new cancer cases and 784,821 cancer deaths in 2018. Increasing prevalence of chronic diseases like cancer, rising development of artificial radionuclides, and surging number of cancer treatment therapies are driving the Asia Pacific medical cyclotrons market.

The growth of the Asia Pacific medical cyclotron market is attributed to key driving factors such as increasing prevalence of cancer and growing inclination towards nuclear scans for accurate diagnosis. However, the high cost coupled with the procedures hinder the market growth.

General Electric Company, Varian Medical Systems, Inc. and IBA are among the leading companies operating in the Asia Pacific medical cyclotron market.

Asia Pacific Medical Cyclotron Market, By Country (% Share)

The report segments in Asia Pacific Medical Cyclotron Market as follows:

By Type

• Ring Cyclotron
• Azimuthally Varying Field (AVF)

By Capacity

• 10-12 MeV
• 16-18 MeV
• 19-24 MeV
• 24 MeV and Above

By End User

• Hospitals
• Specialized Clinics
• Pharmaceutical Companies
• Other End User

By Country

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia Pacific