[Research Report] The linear accelerator market was valued US$ 3,787.9 million in 2019 and is expected to reach US$ 6,803.7million by 2027; it is estimated to grow at a CAGR of 7.9% during 2020–2027.
Linear accelerators (LINAC) are prominently used in the medical industry for treating cancer patients. Cancer is the second major cause of death globally, and the disease has significant economic impact. In 2018, World Health Organization (WHO), through its cancer research agency named International Agency for Research on Cancer (IARC), had estimated that 18.1 million new cases and 9.6 million deaths have risen. Ageing and population growth, and changes in the economic and social factors causing certain causes of cancer are the key factors contributing to rising cancer burden. Moreover, most cancer cases are diagnosed at the last stage of it. Hence, as the incidence of cancer is increasing, the need for cost-efficient cancer care is growing, which in turn has led to significant investments on cutting-edge technologies to develop new treatment options around the world. Some of the major technologically advanced cancer centers in the world that are constantly developing advanced products and services for treating cancer patients include Macarthur Cancer Service (Australia), James Cancer Hospital and Solove Research Institute (US), VallD'Hebron Institute of Oncology (Spain), Townsville Cancer Centre (Australia), Apollo Hospitals, University of Chicago Medicine Comprehensive Cancer Center (US), Spanish National Cancer Research Center (Spain), Christie Hospital NHS Foundation Trust (UK), Princess Margaret Cancer Centre (Canada), Abramson Cancer Center (US), Netherlands Cancer Institute, and Hong Kong Adventist Oncology Center.
Accelerators play a significant role in modern healthcare. Medical linear accelerators use high-energy x-rays to destroy cancer cells and tumors while sparing adjacent normal tissues. LINAC are considered as innovative devices, which have revolutionized cancer treatment owing to their cost-effectiveness. Further, the market has observed a momentous shift in cancer treatment with growing preference shift from invasive to noninvasive treatment procedures. The noninvasive treatment comprises radiation therapy, which is the cost-effective and most advanced treatment option, and it can be applied to treat a wide range of cancers, either alone or in combination with chemotherapy, surgery, and other treatment procedures.
Impact of COVID-19 Pandemic on Linear Accelerators Market
According to latest situation report from World Health Organization (WHO), the US, Spain, Italy, France, Germany, UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to COVID-19 outbreak. The outbreak first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. As per latest WHO figures for June 30, 2020, there are ~10.18 million confirmed COVID-19 cases globally with ~503,862 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to experience the worst hit 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 points for the market players. 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 that are required for linear accelerator manufacturing.
Lucrative Regional Linear Accelerator Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights–Linear Accelerator Market
Incorporation of Advanced Technologies Drives Linear Accelerator Market Growth
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 market players are further focusing on the development of ML- and AI-enabled LINACs for oncology treatment. This technique is likely to be transformed into convenient treatment option in the near future. For instance, in 2019, Varian Medical Systems, Inc. launched its Ethos therapy, an AI-Powered Adaptive Radiotherapy Treatment system. It comprises a linear accelerator and is built to enhance capability, flexibility, and efficiency of radiotherapy. This new solution is developed to provide an online adaptive treatment in a 15-minute time slot, from patient setup through treatment delivery. Further, in 2018, Elekta Inc. and IBM Watson Health collaborated for digital solutions in cancer care. Thus, the integration of advanced technologies is expected to boost the acceptance of linear accelerators in the coming years.
Energy Range-Based Insights
Based on energy range, the linear accelerator market is segmented into less than 4 MeV, 4 MeV to 8 MeV, 8 MeV to 12 MeV, and more than 12 MeV. Companies such as Manoir Industries uses linac system, the Pîtres plant of the company has five radiographic rooms, which represents 9MeV energy range linear accelerator – cobalt-iridium.
Linear Accelerator Market, by Energy Range – 2019 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Note: The inner circle represents market shares for 2019, and the outer circle represents market shares for 2027.
Source: The Insight Partners Analysis, Primary Interviews, Magazines and Journals, and Secondary Sources
Application-Based Insights
Based on application, the linear accelerator market is segmented into industrial radiography, cargo screening, radiation processing, and others. In 2019, the radiation processing segment led the linear accelerator market in terms of size. The radiation processing includes stimulation of chemical reactions with ionizing radiations in different materials. It includes the modification of polymeric materials, sterilization of medical devices, treatment of waste, and preservation of food.
Industry-Based Insights
Based on industry, the linear accelerator market is segmented into automotive, aerospace and defense, medical, food and beverages, metals and mining, and others. The medical industry is a prominent user of linear accelerators for treating cancer patients. Companies such as Elekta, Varian, and Bevatech GmbH take advantage of the linear accelerator to treat patients.
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Linear Accelerator Market: Strategic Insights
Market Size Value in US$ 3,787.9 Million in 2019 Market Size Value by US$ 6,803.7Million by 2027 Growth rate CAGR of 7.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Linear Accelerator Market: Strategic Insights
| Market Size Value in | US$ 3,787.9 Million in 2019 |
| Market Size Value by | US$ 6,803.7Million by 2027 |
| Growth rate | CAGR of 7.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.
- In 2019, CGN Dasheng signed an agreement with Nondestructive Testing Co., Ltd. and Thailand Advanced Sterilization Company Thailand for electron beam technology. The agreement consists of a Memorandum of Understanding and electron accelerator sales order to endorse the construction of an Electron Accelerator Application Research Centre in Thailand.
- In 2019, Altair Technologies, Inc., a LINAC provider, announced its website to serve several industries, such as medical, semiconductor, security, defense, and aerospace. The launch of the new website signifies the understanding and commitment to ensure that business performance is in sync with its customer expectations.
Linear Accelerator Market – By Energy Range
- Less than 4 MeV
- 4 MeV to 8 MeV
- 8 MeV to 12 MeV
- More than 12 MeV
Linear Accelerator Market – By Application
- Industrial Radiography
- Cargo Screening
- Radiation Processing
- Others
Linear Accelerator Market – By Industry
- Automotive
- Aerospace and Defense
- Medical
- Food and Beverages
- Metals and Mining
- Others
Linear Accelerator Market – Companies Profiles
- Altair Technologies, Inc.
- BEVATECH GmbH
- CGN Dasheng
- diondo GmbH
- Elekta AB
- IBA
- Iotron Industries
- Mitsubishi Heavy Industries Machinery Systems, LTD.
- Varex Imaging Corporation
- Varian Medical Systems, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Energy Range , Application , Industry , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The medical is the leading industry in the market. The medical industry is a prominent user of a linear accelerator for treating cancer patients. It adapts high energy x-rays to destroy cancer cells and tumor's shape while sparing nearby normal tissue. Henceforth, quality assurance of a linear accelerator is a must as it heavily used to treat cancer in any area of a human body. This technology is further used to implement a variety of radiation delivery techniques such as- conventional external beam radiation therapy, intensity-modulated radiation therapy, image-guided radiation therapy, and stereotactic body radiation therapy.
The growth in the construction and expansion of airports is anticipated to boost the demand for linear accelerators. The significant contracts between government and market players as well as growing construction activities of new airports worldwide are propelling the growth of linear accelerator market.
The North America region led the linear accelerator market in 2019. The constant technological advancements have created a stir in the competitive market in the region, which is led by continuous investments by tech giants in R&D activities. This investment helps in making the region able to adapt technologies at an early phase. The countries such as the US spends heavily on advancing its healthcare industry to support the well-being and health of individuals. New technology is providing radiation oncologists at the MD Anderson Cancer Center- a real-time view of tumors. The technology used in this called MR-linac, which combines linear accelerator and high-strength magnetic resonance imaging (MRI) machine into a single device.
The List of companies - Linear Accelerator Market
- Altair Technologies, Inc.
- BEVATECH GmbH
- CGN Dasheng
- diondo GmbH
- Elekta AB
- IBA
- Iotron Industries
- Mitsubishi Heavy Industries Machinery Systems, LTD.
- Varex Imaging Corporation
- Varian Medical Systems, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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