Overview and Scope
A linear particle accelerator refers to a device used in particle physics to accelerate charged particles, such as electrons, protons, or ions, to very high speeds. It’s a fundamental tool in many areas of scientific research, including high-energy physics, nuclear physics, and medical radiation therapy.
Sizing and Forecast
The linear particle accelerators market size has grown strongly in recent years. It will grow from $2.44 billion in 2023 to $2.59 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increased demand for cancer treatment, government initiatives and funding, improved treatment outcomes, expansion of healthcare facilities, and collaboration and partnerships.
The linear particle accelerators market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising demand for precision medicine, increasing adoption of proton therapy, aging population, emerging markets, and research and development investments. Major trends in the forecast period include the integration of artificial intelligence, expansion of proton therapy, personalized medicine approaches, minimally invasive treatments, and global market expansion.
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Segmentation & Regional Insights
The linear particle accelerators market covered in this report is segmented –
1) By Type: Low-energy Machine, Medium-energy Machine, High-energy Machine
2) By Therapy: Radio Surgery, Radiation Therapy
3) By Applications: Prostate Cancer, Breast Cancer, Lung Cancer, Head and Neck Cancers, Colorectal Cancers, Other Applications
4) By End User: Radiology Clinics, Hospitals, Other End Users
North America was the largest region in the linear particle accelerators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the linear particle accelerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing focus on precision medicine is expected to propel the growth of the linear particle accelerators market going forward. Precision medicine refers to an innovative approach to healthcare that tailors medical treatment and interventions to the unique characteristics of each individual patient. The growing focus on precision medicine can be attributed to advancements in genomic research and technology, recognizing the limitations of traditional healthcare approaches and the potential of tailored treatments for better outcomes. Linear particle accelerators are utilized in precision medicine to deliver targeted radiation therapy, allowing for precise tumor targeting while minimizing damage to surrounding healthy tissues. For instance, in 2022, according to the Personalized Medicine Coalition, a US-based professional membership organization, the Food and Drug Administration’s Center for Drug Evaluation and Research (CDER) approved 37 new molecular entities (NMEs) in 2022. Out of the 35 therapeutic NMEs, approximately 34%, which amounts to 12 of them, are classified as personalized medicines by the Personalized Medicine Coalition (PMC). Therefore, the growing focus on precision medicine is driving the growth of the linear particle accelerators market.
Key Industry Players
Major companies operating in the linear particle accelerators market are Hitachi Ltd., Mitsubishi Electric Corporation, Toshiba Corporation, Siemens Healthineers, Philips, Beckman Coulter Inc., Carl Zeiss, Elekta AB, Neusoft Corporation, Shinva Medical Instrument Co. Ltd., ALCEN, Laird Technologies, Accuray Incorporated, Brainlab AG, AccSys Technology, Mevion Medical Systems, Viewray Medical Technologies Inc., RefleXion Medical, Panacea Medical Technologies Pvt. Ltd., Altair Technologies, Sordina lort Technologies, MedAustron, LUM GmbH, IBA Group, P-Cure Ltd.
The linear particle accelerators market report table of contents includes:
1. Executive Summary
2. Linear Particle Accelerators Market Characteristics
3. Linear Particle Accelerators Market Trends And Strategies
4. Linear Particle Accelerators Market – Macro Economic Scenario
5. Global Linear Particle Accelerators Market Size and Growth
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32. Global Linear Particle Accelerators Market Competitive Benchmarking
33. Global Linear Particle Accelerators Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Linear Particle Accelerators Market
35. Linear Particle Accelerators Market Future Outlook and Potential Analysis
36. Appendix
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