Report : Linear Accelerator Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Energy Range (Less than 4 MeV, 4 MeV to 8 MeV, 8 MeV to 12 MeV, and More than 12 MeV), Application (Industrial Radiography, Cargo Screening, Radiation Processing, and Others), Industry (Automotive, Aerospace and Defense, Medical, Food and Beverages, Metals and Mining, and Others), and Geography
Demand for LINAC technology to destroy tumor and cancer cells to drive linear accelerator market at 6.8%CAGR during 2020–2027
According to our latest market study on "Linear Accelerator Market Forecast to 2027 – COVID-19 Impact and Analysis- by Energy Range (Less than 4 MeV, 4 MeV to 8 MeV, 8 MeV to 12 MeV, and More than 12 MeV), Application (Industrial Radiography, Cargo Screening, Radiation Processing, and Others), Industry (Automotive, Aerospace and Defense, Medical, Food and Beverages, Metals and Mining, and Others), and Geography," the market was valued at US$ 3.79 billion in 2019 and is projected to reach US$ 6.80billionby 2027; it is expected to grow at a CAGR of 7.9% from 2019 to 2027.The report highlights the key factors driving the market growth, and prominent players and their developments in the market.
Accelerators play a significant role in modern healthcare. In the medical industry, the linear accelerators are prominently used for treating cancer patients. A medical linear accelerator (LINAC) adapts high-energy x-rays to destroy cancer cells and tumors while sparing normal tissues in proximity; this raises the vitality of the quality assurance of linear accelerators. Moreover, the advent of artificial intelligence (AI)and machine learning (ML) is transforming the medical imaging device landscape globally, especially by adding to the effectiveness of cancer treatment through technologies such as LINAC. As a result, the hospitals are further focusing on developing ML- and AI-enabled LINACs for oncology treatment. This technique is likely to be transformed into convenient treatment option in the coming years.Companies such as Elekta, Varian, and Bevatech GmbH leverage the technology of linear accelerators to treat cancer patients. The global medical industry is expected to reach past the value of US$ 2.51 billion by 2022, and this boom is expected result in significant demand for the LINAC products.
The leading players operating in the linear accelerator market include BEVATECH GmbH; CGN Dasheng; diondo GmbH; Elekta AB; IBA; Iotron Industries; Mitsubishi Heavy Industries Machinery Systems, LTD.; Varex Imaging Corporation; and Varian Medical Systems, Inc.
COVID-19 Impact on Virtual Desktop Infrastructure Market
According to the World Health Organization (WHO) report, the US, Brazil, India, and Russia are a few of the worst-affected countries due to the COVID-19 pandemic. The biological crisis has limited the growth of various industries worldwide, and hence, the global economy is anticipated to face a slump in 2020, as well as in 2021. The outbreak has created significant disruptions in primary industries such as manufacturing, medical, energy & power, electronics & semiconductors, and automotive. The sharp decline in industrial activities is impacting the growth of global linear accelerator market as they are the major supply and demand sources for linear accelerator equipment providers. Moreover, the factory shutdowns, travel and trade bans, and border lockdowns to combat and contain the outbreak have impacted manufacturing, supply, and sales of various electronic components required for linear accelerator manufacturing.
The report segments the global linear accelerator market as follows:
By Energy Range