1. What is the projected Compound Annual Growth Rate (CAGR) of the Cobalt-60?
The projected CAGR is approximately 5.4%.
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Cobalt-60Cobalt-60 by Type (Low Specific Activity, High Specific Activity), by Application (Medical Application, Industrial Application, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
Market Overview
The global Cobalt-60 market size was valued at USD 455 million in 2019 and is projected to grow at a CAGR of 5.4% during the forecast period (2025-2033). The market is driven by increasing demand for Cobalt-60 in medical applications, particularly in radiotherapy and cancer treatment. This radioisotope emits high-energy gamma rays used to kill cancer cells, making it an effective radiation therapy option.
Market Segmentation and Key Players
Based on type, the market is segmented into low specific activity and high specific activity. By application, it is divided into medical, industrial, and others. The medical segment holds the largest share of the market due to the aforementioned applications in cancer treatment. Geographically, North America dominated the market in 2019, followed by Europe and Asia Pacific. Key players in the Cobalt-60 market include Nordion, China National Nuclear Corporation, Rosatom, Eckert & Ziegler Strahlen, Polatom, NTP, and DIOXITEK.
The global cobalt-60 market is expected to reach $X million by 2028, exhibiting a CAGR of Y% during the forecast period. The increasing demand for cobalt-60 in medical and industrial applications, coupled with the growing adoption of advanced technologies, is driving the market's growth. The Asia-Pacific region is anticipated to hold a significant market share owing to the region's expanding healthcare sector and the increasing use of cobalt-60 in industrial applications.
This comprehensive report provides a detailed analysis of the global cobalt-60 market, covering market trends, driving forces, challenges, growth catalysts, key players, and significant developments. The report includes data and insights on market size, share, and growth projections, as well as region- and segment-based analysis. It provides valuable information for industry professionals, investors, policymakers, and researchers looking to gain a deep understanding of the global cobalt-60 market.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.4% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.4%.
Key companies in the market include Nordion, China National Nuclear Corporation, Rosatom, Eckert & Ziegler Strahlen, Polatom, NTP, DIOXITEK.
The market segments include Type, Application.
The market size is estimated to be USD 455 million as of 2022.
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Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3480.00, USD 5220.00, and USD 6960.00 respectively.
The market size is provided in terms of value, measured in million and volume, measured in K.
Yes, the market keyword associated with the report is "Cobalt-60," which aids in identifying and referencing the specific market segment covered.
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