South & Central America Medical Cyclotron Market
The medical cyclotron market in South & Central America is expected to grow from US$ 10.07 million in 2022 to US$ 15.79 million by 2028; it is estimated to register a CAGR of 7.8% from 2022 to 2028.
The healthcare sector is highly dependent on technologies for various diagnostic and therapeutic applications. Mobile devices, including smartphones and tablets, have started replacing tracking and recording systems in clinics and health centers. Healthcare IT enhanced the efficiencies of diagnostic processes through reduced diagnostic errors. The demand for these tools is predicted to increase shortly due to the development of positron emission tomography (PET) cyclotrons. The advent of advanced devices with a built-in shield and technical compatibility with PET/SPECT is partly responsible for increasing the acceptance of these devices. PET cyclotrons have a positive effect on the growth of the market. As a result, the medical cyclotron industry is projected to provide opportunities for the market in the coming years.
South & Central America Medical Cyclotron Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Medical Cyclotron Market Segmentation
The South & Central 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 South & Central America medical cyclotron market is segmented into Brazil, Argentina, and the Rest of South & Central America. Further, Brazil held the largest share of the market in 2022.
A few of the key players operating in the South & Central America medical cyclotron market are Advanced Cyclotron Systems; Best ABT Molecular Imaging, Inc; General Electric Company; Ionetix Corporation; isoSolution Inc.; Siemens AG; and Sumitomo Heavy Industries, Ltd.
The South & Central America Medical Cyclotron Market is valued at US$ 10.07 Million in 2022, it is projected to reach US$ 15.79 Million by 2028.
As per our report South & Central America Medical Cyclotron Market, the market size is valued at US$ 10.07 Million in 2022, projecting it to reach US$ 15.79 Million by 2028. This translates to a CAGR of approximately 7.8% during the forecast period.
The South & Central America Medical Cyclotron Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Medical Cyclotron Market report:
The South & Central America Medical Cyclotron Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Medical Cyclotron Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Medical Cyclotron Market value chain can benefit from the information contained in a comprehensive market report.
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