Medical LINAC Market Size, Share and Forecast Analysis till 2023
05th Sept 2019 – Global Medical LINAC Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Medical LINAC is also termed, as the medical linear accelerator is a high-energy X-ray machine that is exclusively used to treat deep-seated cancer by using high-energy photons.
The factors that are playing a major role in the growth of medical LINAC market are the growing population suffering from cancer, the rising availability, and awareness of LINAC, and the high demand from end-users. However, the strict government policy and the high cost of devices may restrain the overall market growth in the years to come. Medical linear accelerators industry is segmented based on type, product type, component, end-user, and region.
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Electron beam and photon beam are the types that could be explored in medical linear accelerator market in the forecast period. Low energy, high energy, and medium energy LINAC are the product types that could be explored in medical LINAC in the forecast period. The high-energy machine sector may account for the substantial share of medical LINAC industry and is estimated to lead the overall market in the years to come. Based on the components, control console, gantry, a patient support assembly, gantry stand, modulator cabinet, and others could classify medical linear accelerators market in the forecast period.
The market may be categorized based on end-users like medical schools, hospitals, research institutes, clinics, and others that could be explored in the forecast period. Hospital sector may account for the substantial share of medical linear accelerator (LINAC) industry and is estimated to lead the overall market in the years to come. The reason could be the high demand for medical LINAC.
Leading players of Medical LINAC including:
- Mitsubishi Heavy Industries (MHI)
- SHANDONG XINHUA MEDICAL INSTRUMENT CO., LTD
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The Medical LINAC industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in transportation sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, Spain, and United Kingdom are projected to witness steady growth.
Asia-Pacific region is estimated to hold a major share in the Medical LINAC market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, rapid advancement in transportation sector, increasing infrastructural spending by local governments, and significant investment by leading industry players considering potential growth opportunities in the region.
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