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.
Various innovative approaches have been undertaken to have a robust border security at country’s airports, land borders, and ports.The requirement of accelerator technology can be directly derived from the needs of the detection techniques presently in use, on the basis of the perceived threats.
Conventional explosives, special nuclear materials, weapons of mass destruction, chemical agents, and contraband are the major perceived threats.The accelerator technology can be utilized to scan cargo, to ensure nothing is being smuggled into the country, which is driving the demand for linear accelerator market.
Additionally, the increasing demand for cancer treatment is among the other factors expected to positively influence the demand for linear accelerator market.
Interms of industry, the medical segment led the APAC linear accelerator market in 2019.The medical industry is a prominent user of a linear accelerator for treating cancer patients.
Elekta, Varian, and Bevatech GmbH are among the companies deploying linear accelerators to treat patients.Accelerators play a significant role in modern healthcare.
A medical linear accelerator adapts high energy x-rays to destroy cancer cells and tumor’s, while sparing nearby normal tissue.Therefore, quality assurance of a linear accelerator is a must as these are used to treat cancer in any part 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 LINAC is utilized to treat all body sites, by using conventional techniques such as Stereotactic Radiosurgery (SRS), Volumetric Modulated Arc Therapy (VMAT), Image-Guided Radiation Therapy (IGRT), Intensity-Modulated Radiation Therapy (IMRT), and Stereotactic Body Radio Therapy (SBRT). Thus, all this attributes of linear accelerator technology are further contributing to the growth of linear accelerator market. Various emerging economies backed by massive industrial presence, huge population, and increasing disposal income are the major factors driving the growth of the linear accelerator market in APAC.With the outbreak of COVID-19, the APAC region is likely to get affected with respect to the economic growth.
Although, China is the global manufacturing hub and leading raw material supplier for various industries, it is one the worst affected countries due to the COVID-19 outbreak followed by India, where all business operations are halted due to 10 week nationwide lockdown.Other leading manufacturing hubs such as South Korea and Japan are also facing significant impact of COVID-19 outbreak.
Various initiatives such as travel bans, business shutdowns, and lockdowns were imposed by the governments across APAC, which is anticipated to affect the expected revenue generation and overall growth opportunities in APAC.
The overall APAC linear accelerator market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining overview and forecast for the APAC linear market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC linear accelerator market. Altair Technologies, Inc., BEVATECH GmbH, CGN Dasheng, Elekta AB, diondo GmbH., Iotron Industries, Mitsubishi Heavy Industries Machinery Systems, LTD, Varex Imaging Corporation, and Varian Medical Systems, Inc are among a few players operating in the APAC linear accelerator market.
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