Particle Accelerator Market

Global Particle Accelerator Market by Types (Low-energy Particle Accelerator, High-energy Particle Accelerator), By Application (Healthcare, Scientific Research, Industrial), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA))

  • Report ID: CM-2591
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 161
  • Format:
  • Pub. Date: 11-10-2021
  • Share:

Market Outlook:

The global particle accelerators market was valued at USD 4,030.3 million in 2020 and is projected to reach USD 6,917.4 million by 2028, expanding at a CAGR of 7.4% during the forecast period. Increasing adoption of particle accelerators are anticipated to drive the market during the forecast period. The particle accelerators market is segmented into types, applications, and regions.

Particle accelerators are machines, which are used for accelerating elementary particles, including electrons or protons, to high energies. These machines use electromagnetic fields for boosting the charged particle to high energies and speeds and contain them in particular beams. Electrostatic and electrodynamic (or electromagnetic) accelerators are two basic classes of accelerators. At an initial stage, particle accelerators produce beams of charged particles for different research purposes. Linear accelerators and circular accelerators are two types of particle accelerators. Linear accelerators are used to propel particles along a straight, linear, or beam line. They are used in fixed-target experiments. Circular accelerators push particles around a circular track and are used for both fixed target experiments and colliding beam.

Particle Accelerator Market key takeaways

Market Dynamics

Major factor rising government expenditure on R&D. increasing initiatives for research activities by the healthcare industry, rising adoption of particle accelerators across different industries, and increasing prevalence of cancer patients. Conversely, strict government regulations on Radioactive Material is one of factor expected to hinder the market growth. Moreover, technological advancement is expected to create opportunities in the market.

Drivers

Rising Government Expenditure on R&D

Rising government expenditure in the research sector of healthcare, medical applications, and others is anticipated to propel the particle accelerators market. Governments of several countries are heavily investing in research and development to improve healthcare technology. This, is turn, is expected to drive the global particle accelerators market. Many countries are taking different initiatives for generating awareness about the use of particle accelerators among end-users, which in turn, is boosting the market. Governments of developing countries are focusing on increasing their expenses for expanding the applications of particle accelerators in numerous fields such as medical, industrial, and scientific research, which is expected to fuel the market. Surging healthcare expenditure, increasing government initiatives, and rising adoption of automation technologies is anticipated to fuel the particle accelerator market during the forecast period.

Restraints

Strict government regulations on Radioactive Material

The particle accelerators market is hampered, due to stringent rules and regulations by governments across the globe. Particle accelerators are operated and built by following safety regulations. Particle accelerators are hazardous, as they release ionizing radiation at the time of operation and generate radioactive waste. Hence, governments are taking strict regulations for the use of particle accelerators, which is impeding the growth of the market in the coming years. The environment for synchrotrons and accelerators is challenging, as they are required to be operated in high vacuum range including cryogenic temperatures or vicinity of high magnetic fields. Stringent government regulations are anticipated to hamper the market growth during the forecast period.

Segmental Outlook

By Type Segment

In terms of types, the particle accelerators market is segmented into low-energy particle accelerator and high-energy particle accelerator. The low-energy particle accelerator segment captured a significant market share in 2020 and the trend is anticipated to continue during the forecast period. The segment is projected to be propelled by its rise in availability along with increasing use of low-energy particle accelerator systems for treatment of breast cancer. Low-energy particle accelerators are used in many industries such as geological sciences, biomedicines, and others. Hence, rising use of the low-energy particle accelerators in several industries is anticipated to boost the market in the coming years. The high-energy particle accelerators segment is projected to expand at a significant CAGR, due to its high average intensity which is used in many industries. Moreover, it provides high beam energy, due to which large fraction of Galactic Cosmic Rays (GCR) energy spectrum is covered. High-energy particle accelerators are widely used in microscopy and biomedical imaging, which is anticipated to drive the segment in the coming years.

Particle Accelerator Market by type

By Application Segment

Based on applications, the particle accelerators market is segmented into healthcare, scientific research, and industrial. The healthcare segment held a major share of the global market in 2020, owing to increasing use of particle accelerators in healthcare. Particle accelerators are used for cancer therapy, X-Ray therapy, radiation treatment, electron beam therapy, and Hadron beam therapy. Increasing use of radiation therapy for cancer treatment is projected to drive the healthcare segment over the forecast period. The scientific research segment is anticipated to grow at a rapid pace, as particle accelerators used in research institutes for different purposes such as nuclear physics experiments, nuclear physics, materials science, particle scattering, biological research, drug development, and others. The industrial segment is expected to hold a significant share of the market, due to rising use of particle accelerators for ion implantation for electronics and hardening surfaces. Electron beam material processing and electron beam material irradiation are some industrial applications of the particle accelerators, which are expected to propel the industrial segment in the coming years.

by application

Region Wise Outlook

Based on regions, the global particle accelerators market is segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for a significant share of the market in 2020 and the market in Asia Pacific is anticipated to expand at a substantial CAGR during the forecast period. The particle accelerators market is growing in North America, owing to increasing investments in research and development of advanced particle accelerators in the region. Moreover, rising demand for integrated treatment solutions in oncology and inclination towards latest linear types of particle accelerators are propelling the market in North America. The market in Asia Pacific is anticipated to grow at a rapid pace, due to increasing applications of particle accelerators in the medical sector and growing geriatric population in this region.

Increasing incidence of breast cancer and high adoption of novel technology systems are driving the particle accelerators market in Europe. According to the Cancer Research U.K., around 53% of all new cancer cases are found in people aged between 50 and 74, with more cases in males as compared to females.

Particle Accelerator Market by regions

Key Benefits for Industry Participants & Stakeholders

  • In-Depth Analysis of The Global Particle Accelerator Market.
  • Historical, Current and Projected Market Size in Terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in The Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on From Global Particle Accelerator Market Performance

Segments

Key Segments Covered

By Types

  • Low-energy Particle Accelerator
  • High-energy Particle Accelerator

By Application

  • Healthcare
  • Scientific Research
  • Industrial

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Market Players Profiled in the Report

  • MITSUBISHI HEAVY INDUSTRIES, LTD
  • Varian Medical Systems, Inc
  • Elekta AB
  • ACCURAY INCORPORATED
  • General Electric
  • Altair Technologies, Inc.
  • Siemens Healthcare GmbH
  • Toshiba Corporation
  • Varex Imaging Corporation
  • Shiniva
  • VIEWRAY TECHNOLOGIES, INC.

Competitive Landscape

  • Key players in the global Particle Accelerator market are MITSUBISHI HEAVY INDUSTRIES, LTD, Varian Medical Systems, Inc, Elekta AB, ACCURAY INCORPORATED, General Electric, Altair Technologies, Inc., Siemens Healthcare GmbH, Toshiba Corporation, Varex Imaging Corporation, Shinva, VIEWRAY TECHNOLOGIES, INC. These companies are considered as key market players of global Particle Accelerator market, based on their revenue, research & development (R&D) activities in the areas of improving offerings, and regional presence.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for global Particle Accelerator market.
  • In March 2020, Toshiba Energy Systems & Solutions Corporation announced that the National Medical Radiology Research Centre signed a general framework agreement for the implementation of a heavy-ion therapy system for Russia. Toshiba ESS continues to contribute to supply advanced treatment facilities, such as the heavy-ion therapy system, as an option to provide quality treatment for cancer patients.
Particle Accelerator Market by key players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Particle Accelerators Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Particle Accelerators Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Particle Accelerators Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Particle Accelerators Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Particle Accelerators Market Size & Forecast, 2018-2028
      4.5.1 Particle Accelerators Market Size and Y-o-Y Growth
      4.5.2 Particle Accelerators Market Absolute $ Opportunity
   4.6 Global Particle Accelerators Market: Impact Of Key Regulations
Chapter 5 Global Particle Accelerators Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Particle Accelerators Market Size Forecast By Type
      5.2.1 Low-energy Particle Accelerator
      5.2.2 High-energy Particle Accelerator
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Particle Accelerators Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Particle Accelerators Market Size Forecast By Application
      6.2.1 Healthcare
      6.2.2 Scientific Research
      6.2.3 Industrial
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Particle Accelerators Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Particle Accelerators Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Particle Accelerators Analysis and Forecast
   9.1 Introduction
   9.2 North America Particle Accelerators Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Particle Accelerators Market Size Forecast By Type
      9.6.1 Low-energy Particle Accelerator
      9.6.2 High-energy Particle Accelerator
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Particle Accelerators Market Size Forecast By Application
      9.10.1 Healthcare
      9.10.2 Scientific Research
      9.10.3 Industrial
   9.11 Basis Point Share (BPS) Analysis By Application 
   9.12 Absolute $ Opportunity Assessment By Application 
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Particle Accelerators Analysis and Forecast
   10.1 Introduction
   10.2 Europe Particle Accelerators Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Particle Accelerators Market Size Forecast By Type
      10.6.1 Low-energy Particle Accelerator
      10.6.2 High-energy Particle Accelerator
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Particle Accelerators Market Size Forecast By Application
      10.10.1 Healthcare
      10.10.2 Scientific Research
      10.10.3 Industrial
   10.11 Basis Point Share (BPS) Analysis By Application 
   10.12 Absolute $ Opportunity Assessment By Application 
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Particle Accelerators Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Particle Accelerators Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Particle Accelerators Market Size Forecast By Type
      11.6.1 Low-energy Particle Accelerator
      11.6.2 High-energy Particle Accelerator
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Particle Accelerators Market Size Forecast By Application
      11.10.1 Healthcare
      11.10.2 Scientific Research
      11.10.3 Industrial
   11.11 Basis Point Share (BPS) Analysis By Application 
   11.12 Absolute $ Opportunity Assessment By Application 
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Particle Accelerators Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Particle Accelerators Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Particle Accelerators Market Size Forecast By Type
      12.6.1 Low-energy Particle Accelerator
      12.6.2 High-energy Particle Accelerator
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Particle Accelerators Market Size Forecast By Application
      12.10.1 Healthcare
      12.10.2 Scientific Research
      12.10.3 Industrial
   12.11 Basis Point Share (BPS) Analysis By Application 
   12.12 Absolute $ Opportunity Assessment By Application 
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Particle Accelerators Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Particle Accelerators Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Particle Accelerators Market Size Forecast By Type
      13.6.1 Low-energy Particle Accelerator
      13.6.2 High-energy Particle Accelerator
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Particle Accelerators Market Size Forecast By Application
      13.10.1 Healthcare
      13.10.2 Scientific Research
      13.10.3 Industrial
   13.11 Basis Point Share (BPS) Analysis By Application 
   13.12 Absolute $ Opportunity Assessment By Application 
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Particle Accelerators Market: Competitive Dashboard
   14.2 Global Particle Accelerators Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 MITSUBISHI HEAVY INDUSTRIES, LTD
      14.3.2 Varian Medical Systems, Inc
      14.3.3 Elekta AB 
      14.3.4 ACCURAY INCORPORATED
      14.3.5 Altair Technologies, Inc.
      14.3.6 Siemens Healthcare GmbH
      14.3.7 Toshiba Corporation
      14.3.8 Varex Imaging Corporation
      14.3.9 Shinva
      14.3.10 VIEWRAY TECHNOLOGIES, INC.

Key Segments Covered

By Types

  • Low-energy Particle Accelerator
  • High-energy Particle Accelerator

By Application

  • Healthcare
  • Scientific Research
  • Industrial

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Market Players Profiled in the Report

  • MITSUBISHI HEAVY INDUSTRIES, LTD
  • Varian Medical Systems, Inc
  • Elekta AB
  • ACCURAY INCORPORATED
  • General Electric
  • Altair Technologies, Inc.
  • Siemens Healthcare GmbH
  • Toshiba Corporation
  • Varex Imaging Corporation
  • Shiniva
  • VIEWRAY TECHNOLOGIES, INC.
  • Key players in the global Particle Accelerator market are MITSUBISHI HEAVY INDUSTRIES, LTD, Varian Medical Systems, Inc, Elekta AB, ACCURAY INCORPORATED, General Electric, Altair Technologies, Inc., Siemens Healthcare GmbH, Toshiba Corporation, Varex Imaging Corporation, Shinva, VIEWRAY TECHNOLOGIES, INC. These companies are considered as key market players of global Particle Accelerator market, based on their revenue, research & development (R&D) activities in the areas of improving offerings, and regional presence.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for global Particle Accelerator market.
  • In March 2020, Toshiba Energy Systems & Solutions Corporation announced that the National Medical Radiology Research Centre signed a general framework agreement for the implementation of a heavy-ion therapy system for Russia. Toshiba ESS continues to contribute to supply advanced treatment facilities, such as the heavy-ion therapy system, as an option to provide quality treatment for cancer patients.
Particle Accelerator Market by key players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers applications overview of particle accelerator in the market.

According to this Growth Market Reports, the market from global Particle Accelerator market is likely to register a CAGR of 7.4% during period 2021-2028, with an anticipated valuation of USD 6,917.4 million by the end of the 2028.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such, Macro-economic factors, COVID-19 Impact on the global Particle Accelerator market is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The global Particle Accelerator market is anticipated to grow due to increasing initiatives for research activities by the healthcare industry, and rising adoption of particle accelerators across different industries.

Major manufacturers and suppliers are planning to change their base to developed economies, owing to presence of research and rising opportunities in the healthcare and industrial sectors.

The outbreak of COVID-19 has negatively affected the Particle Accelerator market across the globe.

The base year considered for the global Particle Accelerator market is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.

Major manufactures include Varian Medical Systems, Inc, Elekta AB, ACCURAY INCORPORATED, Altair Technologies, Inc., Siemens Healthcare GmbH, Toshiba Corporation, Varex Imaging Corporation, Shiniva.