Asia Pacific Linear Accelerator Market Developments and Forecast by 2027

The Linear Accelerator Market in APAC is expected to grow from US$ 1108.85 million in 2019 to US$ 2204.39 million by 2027; it is estimated to grow at a CAGR of 9.3% from 2020 to 2027.

China, Australia, India, Japan, and South Korea are the major economies in APAC. With an incremental rise in the number of cancer patients, the medical industry is significantly adopting the linear accelerators for treating cancer patients. Cancer is the second major cause of death across the world and the economic impact of cancer is significant and is constantly increasing. In 2018, the World Health Organization (WHO), through its International Agency for Research on Cancer (IARC) estimated to have risen to 18.1 million new cases and 9.6 million deaths due to cancer. The rising incidence of cancer is due to various factors, such as ageing, unhealthy lifestyle, and rising population levels etc in  in developing countries. . This is mainly true in rapidly emerging economies, where a shift is observed from cancers linked to infections and poverty to cancers related with lifestyles more typical of industrialized countries. Moreover, most cancers are diagnosed at the last stage of it. Therefore, as the incidence of cancer is increasing, the need for cost-efficient cancer treatment is growing, which, in turn has led to significant investments on new technologies to develop cutting-edge treatment options across the world. Thus, to improve the cancer diagnosis services is expected to create a significant demand for linear accelerators in the coming years, which is further anticipated to drive the market in APAC.

Presence of various emerging economies along with rapid industrialization, massive population, and rising disposable income among individuals are the major factors driving the growth of the Asia Pacific linear accelerator market. However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of APAC. Although, China is the world’s leading raw material supplier for various industries and global manufacturing hub, it is the worst affected country due to COVID-19 outbreak in APAC followed by India which declared 10 weeks’ nationwide lockdown causing cease of business operations. Several governments across APAC are taking major actions such as travel bans, business shutdowns, and lockdowns to mitigate the COVID-19 outbreak, which on the other hand is affecting the revenue generation and growth opportunities in APAC.

APAC Linear Accelerator Market Segmentation

APAC Linear Accelerator Market – By Energy Range

• Less than 4 MeV
• 4 MeV to 8 MeV
• 8 MeV to 12 MeV
• More than 12 MeV

APAC Linear Accelerator Market – By Application

• Industrial Radiography
• Cargo Screening
• Radiation Processing
• Others

APAC Linear Accelerator Market – By Industry

• Automotive
• Aerospace and Defense
• Medical
• Food and Beverages
• Metal and Mining
• Others

APAC Linear Accelerator Market – By Country

• China
• Australia
• India
• Japan
• South Korea
• Rest of APAC

APAC Linear Accelerator Market-Companies Mentioned

• Altair Technologies, Inc.
• BEVATECH GmbH
• CGN Dasheng
• Elekta AB
• IBA
• diondo GmbH
• Iotron Industries
• Mitsubishi Heavy Industries Machinery Systems, LTD.
• Varex Imaging Corporation
• Varian Medical Systems, Inc.
  
  

Asia Pacific Linear Accelerator Report Scope