Linear Accelerator Market Latest Innovation, Advance Technology with Top Key Players Bevatech, Cgn Dasheng, Diondo, Elekta, IBA and Iotron Industries

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.

Demand for LINAC technology to destroy tumor and cancer cells to drive linear accelerator market at 6.8%CAGR during 2020–2027

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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.

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.

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Reason to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Linear Accelerator market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Linear Accelerator market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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