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Advanced Cyclotron Systems Inc.
ALCEN
Best Medical International Inc.
General Electric Co.
Ion Beam Applications SA
Ionetix Corp
iThemba LABS
Molecular Cyclotrons Pvt Ltd.
RIKEN Nishina Center
Siemens AG
Sumitomo Heavy Industries Ltd.
The Japan Steel Works Ltd.
Trasis SA
TRIUMF
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The medical cyclotron market is forecasted to grow by USD 51.3 mn during 2024-2029, accelerating at a CAGR of 4.6% during the forecast period. The report on the medical cyclotron market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising prevalence of cancer, benefits of medical cyclotrons, and improvement in healthcare infrastructure in emerging economies.
Market Scope
Base Year 2025
End Year 2029
Series Year 2025-2029
Growth Momentum Accelerate
YOY 2025 4.3%
CAGR 4.6%
Incremental Value $51.3 mn
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's medical cyclotron market is segmented as below:
By Product
Less than 20 MeV
20-35 MeV
Greater than 35 MeV
By Type
Self-shielded cyclotrons
Non-shielded cyclotrons
By End-user
Hospitals and diagnostic centers
Academic and research institutions
Commercial radiopharmacies
By Geographical Landscape
North America
Europe
Asia
Rest of World (ROW)
This study identifies the use of medical cyclotron technology in nuclear medicine as one of the prime reasons driving the medical cyclotron market growth during the next few years. Also, advanced medical cyclotrons and rise in healthcare spending will lead to sizable demand in the market.
The report on the medical cyclotron market covers the following areas:
Medical Cyclotron Market sizing
Medical Cyclotron Market forecast
Medical Cyclotron Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading medical cyclotron market vendors that include Advanced Cyclotron Systems Inc., ALCEN, Best Medical International Inc., General Electric Co., Ion Beam Applications SA, Ionetix Corp, iThemba LABS, Molecular Cyclotrons Pvt Ltd., RIKEN Nishina Center, Siemens AG, Sumitomo Heavy Industries Ltd., The Japan Steel Works Ltd., Trasis SA, and TRIUMF. Also, the medical cyclotron market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global Medical Cyclotron Market 2019 - 2023
Historic Market Size - Data Table on Global Medical Cyclotron Market 2019 - 2023 ($ million)
5.2 Product segment analysis 2019 - 2023
Historic Market Size - Product Segment 2019 - 2023 ($ million)
5.3 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ million)
5.4 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on Global Medical Cyclotron Market
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
8.1 Market segments
Chart on Product - Market share 2024-2029 (%)
Data Table on Product - Market share 2024-2029 (%)
8.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
8.3 Less than 20 MeV - Market size and forecast 2024-2029
Chart on Less than 20 MeV - Market size and forecast 2024-2029 ($ million)
Data Table on Less than 20 MeV - Market size and forecast 2024-2029 ($ million)
Chart on Less than 20 MeV - Year-over-year growth 2024-2029 (%)
Data Table on Less than 20 MeV - Year-over-year growth 2024-2029 (%)
20-35 MeV - Market size and forecast 2024-2029
Chart on 20-35 MeV - Market size and forecast 2024-2029 ($ million)
Data Table on 20-35 MeV - Market size and forecast 2024-2029 ($ million)
Chart on 20-35 MeV - Year-over-year growth 2024-2029 (%)
Data Table on 20-35 MeV - Year-over-year growth 2024-2029 (%)
8.5 Greater than 35 MeV - Market size and forecast 2024-2029
Chart on Greater than 35 MeV - Market size and forecast 2024-2029 ($ million)
Data Table on Greater than 35 MeV - Market size and forecast 2024-2029 ($ million)
Chart on Greater than 35 MeV - Year-over-year growth 2024-2029 (%)
Data Table on Greater than 35 MeV - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
9 Market Segmentation by Type
9.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
9.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
9.3 Self-shielded cyclotrons - Market size and forecast 2024-2029
Chart on Self-shielded cyclotrons - Market size and forecast 2024-2029 ($ million)
Data Table on Self-shielded cyclotrons - Market size and forecast 2024-2029 ($ million)
Chart on Self-shielded cyclotrons - Year-over-year growth 2024-2029 (%)
Data Table on Self-shielded cyclotrons - Year-over-year growth 2024-2029 (%)
9.4 Non-shielded cyclotrons - Market size and forecast 2024-2029
Chart on Non-shielded cyclotrons - Market size and forecast 2024-2029 ($ million)
Data Table on Non-shielded cyclotrons - Market size and forecast 2024-2029 ($ million)
Chart on Non-shielded cyclotrons - Year-over-year growth 2024-2029 (%)
Data Table on Non-shielded cyclotrons - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
10 Market Segmentation by End-user
10.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
10.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
10.3 Hospitals and diagnostic centers - Market size and forecast 2024-2029
Chart on Hospitals and diagnostic centers - Market size and forecast 2024-2029 ($ million)
Data Table on Hospitals and diagnostic centers - Market size and forecast 2024-2029 ($ million)
Chart on Hospitals and diagnostic centers - Year-over-year growth 2024-2029 (%)
Data Table on Hospitals and diagnostic centers - Year-over-year growth 2024-2029 (%)
10.4 Academic and research institutions - Market size and forecast 2024-2029
Chart on Academic and research institutions - Market size and forecast 2024-2029 ($ million)
Data Table on Academic and research institutions - Market size and forecast 2024-2029 ($ million)
Chart on Academic and research institutions - Year-over-year growth 2024-2029 (%)
Data Table on Academic and research institutions - Year-over-year growth 2024-2029 (%)
10.5 Commercial radiopharmacies - Market size and forecast 2024-2029
Chart on Commercial radiopharmacies - Market size and forecast 2024-2029 ($ million)
Data Table on Commercial radiopharmacies - Market size and forecast 2024-2029 ($ million)
Chart on Commercial radiopharmacies - Year-over-year growth 2024-2029 (%)
Data Table on Commercial radiopharmacies - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
11 Customer Landscape
11.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
12.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.5 Asia - Market size and forecast 2024-2029
Chart on Asia - Market size and forecast 2024-2029 ($ million)
Data Table on Asia - Market size and forecast 2024-2029 ($ million)
Chart on Asia - Year-over-year growth 2024-2029 (%)
Data Table on Asia - Year-over-year growth 2024-2029 (%)
12.6 Rest of World (ROW) - Market size and forecast 2024-2029
Chart on Rest of World (ROW) - Market size and forecast 2024-2029 ($ million)
Data Table on Rest of World (ROW) - Market size and forecast 2024-2029 ($ million)
Chart on Rest of World (ROW) - Year-over-year growth 2024-2029 (%)
Data Table on Rest of World (ROW) - Year-over-year growth 2024-2029 (%)
12.7 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
12.8 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
12.11 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.12 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
12.13 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.14 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ million)
Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
12.15 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
12.16 Spain - Market size and forecast 2024-2029
Chart on Spain - Market size and forecast 2024-2029 ($ million)
Data Table on Spain - Market size and forecast 2024-2029 ($ million)
Chart on Spain - Year-over-year growth 2024-2029 (%)
Data Table on Spain - Year-over-year growth 2024-2029 (%)
12.17 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints
14 Competitive Landscape
14.1 Overview
14.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
Overview on factors of disruption
14.4 Industry risks
Impact of key risks on business
15 Competitive Analysis
15.1 Companies profiled
15.2 Company ranking index
15.3 Market positioning of companies
Matrix on companies position and classification
15.4 Advanced Cyclotron Systems Inc.
Advanced Cyclotron Systems Inc. - Overview
Advanced Cyclotron Systems Inc. - Product / Service
Advanced Cyclotron Systems Inc. - Key offerings
SWOT
15.5 ALCEN
ALCEN - Overview
ALCEN - Product / Service
ALCEN - Key offerings
SWOT
15.6 Best Medical International Inc.
Best Medical International Inc. - Overview
Best Medical International Inc. - Product / Service
Best Medical International Inc. - Key offerings
SWOT
15.7 General Electric Co.
General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus
SWOT
15.8 Ion Beam Applications SA
Ion Beam Applications SA - Overview
Ion Beam Applications SA - Business segments
Ion Beam Applications SA - Key offerings
Ion Beam Applications SA - Segment focus
SWOT
15.9 Ionetix Corp
Ionetix Corp - Overview
Ionetix Corp - Product / Service
Ionetix Corp - Key offerings
SWOT
15.10 iThemba LABS
iThemba LABS - Overview
iThemba LABS - Product / Service
iThemba LABS - Key offerings
SWOT
15.11 Molecular Cyclotrons Pvt Ltd.
Molecular Cyclotrons Pvt Ltd. - Overview
Molecular Cyclotrons Pvt Ltd. - Product / Service
Molecular Cyclotrons Pvt Ltd. - Key offerings
SWOT
15.12 RIKEN Nishina Center
RIKEN Nishina Center - Overview
RIKEN Nishina Center - Product / Service
RIKEN Nishina Center - Key offerings
SWOT
15.13 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
SWOT
15.14 Sumitomo Heavy Industries Ltd.
Sumitomo Heavy Industries Ltd. - Overview
Sumitomo Heavy Industries Ltd. - Product / Service
Sumitomo Heavy Industries Ltd. - Key news
Sumitomo Heavy Industries Ltd. - Key offerings
SWOT
15.15 The Japan Steel Works Ltd.
The Japan Steel Works Ltd. - Overview
The Japan Steel Works Ltd. - Business segments
The Japan Steel Works Ltd. - Key offerings
The Japan Steel Works Ltd. - Segment focus
SWOT
15.16 Trasis SA
Trasis SA - Overview
Trasis SA - Product / Service
Trasis SA - Key offerings
SWOT
15.17 TRIUMF
TRIUMF - Overview
TRIUMF - Product / Service
TRIUMF - Key offerings
SWOT
16 Appendix
16.1 Scope of the report
16.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
16.3 Currency conversion rates for US$
Currency conversion rates for US$
16.4 Research methodology
16.5 Data procurement
16.6 Data validation
16.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
16.8 Data synthesis
16.9 360 degree market analysis
360 degree market analysis
16.10 List of abbreviations