San Francisco, California, September 27, 2018: A recent market research report by TMR Research presents a scrupulous account of the future growth prospects of the global market for medical cyclotron. The report is titled “Medical Cyclotron Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018–2028.”
The report suggests that the market will expand at a healthy pace in the next few years owing chiefly to the rising demand for effective diagnostic and therapeutic measures the massive rise in cases of a variety of cancers across the globe. As companies divert more resources towards the R&D activities aimed at the development of better cancer treatments, the demand for medical cyclotrons.
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The rising awareness regarding the use of these machines in the more effective diagnosis of deeply located tumors is also expected to work in favor of the market in the next few years. Moreover, the rising adoption of nuclear diagnostics and the consecutive rise in demand for radioisotopes is also likely to work well for the market in the next few years. On the flipside, however, the high costs of these systems, stringent regulations pertaining to approval of new products, and insufficient numbers of practitioners with the proper know-how of these systems could hamper the growth prospects of the market to a certain degree in the near future.
From a geographical standpoint, the market for medical cyclotron in Asia Pacific is presently the leading contributor of revenue and new growth opportunities in the next few years. The high growth prospects of the regional market are chiefly attributed to the increased funds being diverted towards the development of the healthcare infrastructure of emerging economies in the region and the increased demand for economical treatment methods for a variety of ailments. The market in North America is also expected to exhibit promising growth opportunities, thanks to encouraging government initiatives, high funds ploughed into the healthcare industry, and strong economic conditions of key markets.
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Some of the leading vendors in the global medical cyclotron market are Advanced Cyclotron Systems, TeamBest (Best Medical International, Inc.), Sumitomo Heavy Industries, Ltd., Siemens Medical Solutions USA, Inc., GE Healthcare, and IBA RadioPharma Solutions.