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Global Cyclotron Service Market: Overview

  • Cyclotron is a class of devices that accelerates charged atomic or subatomic particles in a constant magnetic field. A cyclotron consists of two hollow semicircular electrodes, called dees, mounted back to back and separated by a narrow gap, in an evacuated chamber between the poles of a magnet. An electric field, alternating in polarity, is created in the gap by a radio-frequency oscillator. Nowadays, modern cyclotron is used for radiation therapy and as well as producing radioisotopes such as Fluorine-18, Carbon-11.
  • The main use of cyclotrons in the field of medical that it can issued in particle therapy to treat cancer and it can used as proton therapy to kill tumors by radiation damage 
  • Demand for global cyclotron services is projected to expand at a significant pace during the forecast period, owing to increase in incidence of cancer cases resulting in boosting the usage of cyclotron machine in diagnosis

Key Drivers of Global Cyclotron Service Market

  • Medical cyclotrons are used worldwide for production of radioisotopes and these radioisotopes are necessary for radionuclide therapy. Rise in awareness about effective use of radiopharmaceuticals drugs is one of the important factors, which is likely to drive the demand for cyclotron machines, thereby boosting its associate services.
  • Moreover, the cyclotron production of radioisotopes for medical applications is gaining increased significance in diagnostic molecular imaging techniques such as PET and SPECT. This is likely to drive the market.

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Restraints of Global Cyclotron Service Market

  • Production, storage, and usage of radioisotopes require proper precautions because radioisotopes generate radiation which can affect mass population and the environment. Approval from the Food and Drug Administration, Medicines and Healthcare Products Regulatory Agency is mandatory for any usage, storage, or production of radioisotopes.
  • According to the Nuclear Regulatory Commission, approximately 6,000 licenses are maintained for the use of radioactive materials; violation of agreement leads to enforcement actions, including loss of license. Such stringent regulation guideline could limit the number of cyclotron production.

North America to Account for Major Share of Global Cyclotron Service Market

  • Increase in access to health care, rise in incidence of cancer patients, and rapid introduction of advanced technological implementations in SPECT and PET systems are some factors that likely to drive the market in North America
  • Moreover, the cyclotron service market in the U.S. is estimated to be the largest market, owing to vast number of installations of new cyclotron facilities for radiopharmaceutical production; According to Estimation from IAEA, Scientific Journals, at present more than 250 cyclotron machines are fixed in the U.S.

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Key Players Operating in Global Cyclotron Service Market

Major players operating in the global cyclotron service market are:

  • IBA
  • GE Healthcare
  • Ameriphysics
  • Siemens Healthineers
  • Mallinckrodt Institute of Radiology
  • Koninklijke Philips N.V

Global Cyclotron Service Market: Research Scope

Global Cyclotron Service Market, by Mode of Services

  • Online Mode
  • Off-line Mode

Global Cyclotron Service Market, by Type of Services

  • Technical Support Services
  • Training Services
  • Setup Services (Disassemble, remove, and relocate cyclotrons)

Global Cyclotron Service Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Cyclotron Service Market

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