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Global Medical Linear Accelerator Market to reach USD 5892.79 million by the end of 2030.

Global Medical Linear Accelerator Market Size study & Forecast, by Product Type (Dedicated Linear Accelerator, Non-Dedicated Linear Accelerator), By Treatment Type (Intensity Modulated Radiation Therapy, Volumetric Modulated Arc Therapy, Image Guided Radiation Therapy, Stereotactic Body Radiotherapy) and Regional Analysis, 2023-2030

Product Code: HLSMDE-53485946
Publish Date: 1-07-2023
Page: 200

Global Medical Linear Accelerator Market is valued at approximately USD 3178.45 million in 2022 and is anticipated to grow with a healthy growth rate of more than 7.1% over the forecast period 2023-2030. A medical linear accelerator, also known as a linac, is a type of medical equipment used in radiation oncology for the treatment of cancer. It is a complex machine that generates high-energy X-rays or electron beams, which are used to deliver precise doses of radiation to cancerous tumors while minimizing the exposure of healthy surrounding tissues. The Medical Linear Accelerator market is expanding because of factors such as rising number of cases related to cancer and increasing prevalence of neurological disorders.

Medical linear accelerators are used for a variety of radiation therapy techniques, including external beam radiation therapy, intensity-modulated radiation therapy, stereotactic body radiation therapy, and stereotactic radiosurgery. They play a crucial role in the treatment of cancer and are an essential tool in modern radiation oncology. According to the World Health Organization, Cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. According to the American Society of Cancer in 2022, there will be an estimated 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the United States. Another important component driving space is increasing prevalence of neurological disorders. According to the Pan American Health Organization, in 2019, regionwide Neurological conditions account for 533,172 deaths, 40% in men, and 60% in women. In addition, in 2019, the prescription pharmaceuticals market in the United States for nervous system disorders is around USD 20 billion. Also, advancement in product development and growing prevalence of various diseases would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Medical Linear Accelerator stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medical Linear Accelerator Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in 2022 owing to the presence of key market players and rising technological advancement in the region. According to Statista, in the global medical technology market most revenue will be generated in the United States USD 199.80 billion in 2023. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric population, geographic expansion of key players, and active participation of government organizations in the market space.

Major market players included in this report are:

Accuray Inc.
General Electric
Viewray Technologies, Inc.
Shinva Medical Instruments Co. Ltd.
Panacea Medical Technologies Pvt. Ltd.
Varian Medical Systems Inc.
Hitachi Ltd.
Shinva Medical Instrument Co. Ltd.
Mitsubishi Heavy Industries, Ltd.
Koninklijke Philips N.V.

Recent Developments in the Market:
Ø In June 2022, Accuray Incorporated and Limbus AI Inc collaborated to improve adaptive radiotherapy features by integrating Limbus’ AI-driven auto contouring algorithms, allowing automated contouring to further streamline the treatment planning process.

Global Medical Linear Accelerator Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Treatment Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type
Dedicated Linear Accelerator
Non-Dedicated Linear Accelerator

By Treatment Type
Intensity Modulated Radiation Therapy
Volumetric Modulated Arc Therapy
Image Guided Radiation Therapy
Stereotactic Body Radiotherapy

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Medical Linear Accelerator Market, by Region, 2020-2030 (USD Million)
1.2.2. Medical Linear Accelerator Market, by Product Type, 2020-2030 (USD Million)
1.2.3. Medical Linear Accelerator Market, by Treatment Type, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Linear Accelerator Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Linear Accelerator Market Dynamics
3.1. Medical Linear Accelerator Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising number of cases related to cancer
3.1.1.2. Increasing prevalence of neurological disorders
3.1.2. Market Challenges
3.1.2.1. High Cost of Medical Linear Accelerator
3.1.3. Market Opportunities
3.1.3.1. Advancement in product development
3.1.3.2. Growing prevalence of various diseases

Chapter 4. Global Medical Linear Accelerator Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Linear Accelerator Market, by Product Type
5.1. Market Snapshot
5.2. Global Medical Linear Accelerator Market by Product Type, Performance – Potential Analysis
5.3. Global Medical Linear Accelerator Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
5.4. Medical Linear Accelerator Market, Sub Segment Analysis
5.4.1. Dedicated Linear Accelerator
5.4.2. Non-Dedicated Linear Accelerator
Chapter 6. Global Medical Linear Accelerator Market, by Treatment Type
6.1. Market Snapshot
6.2. Global Medical Linear Accelerator Market by Treatment Type, Performance – Potential Analysis
6.3. Global Medical Linear Accelerator Market Estimates & Forecasts by Treatment Type 2020-2030 (USD Million)
6.4. Medical Linear Accelerator Market, Sub Segment Analysis
6.4.1. Intensity Modulated Radiation Therapy
6.4.2. Volumetric Modulated Arc Therapy
6.4.3. Image Guided Radiation Therapy
6.4.4. Stereotactic Body Radiotherapy

Chapter 7. Global Medical Linear Accelerator Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Medical Linear Accelerator Market, Regional Market Snapshot
7.4. North America Medical Linear Accelerator Market
7.4.1. U.S. Medical Linear Accelerator Market
7.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Treatment Type breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Medical Linear Accelerator Market
7.5. Europe Medical Linear Accelerator Market Snapshot
7.5.1. U.K. Medical Linear Accelerator Market
7.5.2. Germany Medical Linear Accelerator Market
7.5.3. France Medical Linear Accelerator Market
7.5.4. Spain Medical Linear Accelerator Market
7.5.5. Italy Medical Linear Accelerator Market
7.5.6. Rest of Europe Medical Linear Accelerator Market
7.6. Asia-Pacific Medical Linear Accelerator Market Snapshot
7.6.1. China Medical Linear Accelerator Market
7.6.2. India Medical Linear Accelerator Market
7.6.3. Japan Medical Linear Accelerator Market
7.6.4. Australia Medical Linear Accelerator Market
7.6.5. South Korea Medical Linear Accelerator Market
7.6.6. Rest of Asia Pacific Medical Linear Accelerator Market
7.7. Latin America Medical Linear Accelerator Market Snapshot
7.7.1. Brazil Medical Linear Accelerator Market
7.7.2. Mexico Medical Linear Accelerator Market
7.8. Middle East & Africa Medical Linear Accelerator Market
7.8.1. Saudi Arabia Medical Linear Accelerator Market
7.8.2. South Africa Medical Linear Accelerator Market
7.8.3. Rest of Middle East & Africa Medical Linear Accelerator Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Accuray Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. General Electric
8.3.3. Viewray Technologies, Inc.
8.3.4. Shinva Medical Instruments Co. Ltd.
8.3.5. Panacea Medical Technologies Pvt. Ltd.
8.3.6. Varian Medical Systems Inc.
8.3.7. Hitachi Ltd.
8.3.8. Shinva Medical Instrument Co. Ltd.
8.3.9. Mitsubishi Heavy Industries, Ltd.
8.3.10. Koninklijke Philips N.V.

Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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