Global Cobalt-60 Market Growth 2023-2029

Global Cobalt-60 Market Growth 2023-2029

Cobalt 60 is an isotope of cobalt. The radioactive source of cobalt 60 is widely used in agriculture, industry, medicine and other fields. It can be used for radiation breeding, stimulation of yield increase, radiation control of insect pests, food irradiation preservation and preservation, non-destructive inspection, radiation disinfection, Radiation processing, radiation treatment waste, thickness, density measurement and online automatic control, and radiotherapy for cancer and tumor. At present, only a few countries in the world, such as Canada, China, and Russia, have cobalt 60 production capacity, and the international market has a bright future. In the mid-1950s the increasing demand for sterile single-use medical devices led to a rapid expansion in the use of gamma irradiation to sterilize products as the technology provided a very effective means of ensuring sterility. Since then the range of applications that benefit from Cobalt-60 irradiation has grown enormously. A diverse array of products are now routinely processed to improve their characteristics and to meet market requirements. Irradiation using Cobalt-60 is an international industry that positively impacts daily on the health and wellbeing of a large proportion of the world’s population.
LPI (LP Information)' newest research report, the “Cobalt-60 Industry Forecast” looks at past sales and reviews total world Cobalt-60 sales in 2022, providing a comprehensive analysis by region and market sector of projected Cobalt-60 sales for 2023 through 2029. With Cobalt-60 sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cobalt-60 industry.
This Insight Report provides a comprehensive analysis of the global Cobalt-60 landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cobalt-60 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cobalt-60 market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cobalt-60 and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cobalt-60.
The global Cobalt-60 market size is projected to grow from US$ 263.1 million in 2022 to US$ 382.7 million in 2029; it is expected to grow at a CAGR of 382.7 from 2023 to 2029.
Global Cobalt-60 key players include Bruce Power, Rosatom, China National Nuclear Corporation, etc. Global top three manufacturers hold a share about 96%. North America is the largest market, with a share about 40%, followed by Asia Pacific and Europe, both have a share over 52 percent. In terms of product, General Cobalt-60 is the largest segment, with a share over 95%. And in terms of application, the largest application is Medical Devices, followed by Industrial, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Cobalt-60 market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
High Specific Activity Cobalt-60
General Cobalt-60
Segmentation by application
Medical Devices
Medical Radiotherapy
Industrial
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bruce Power
Rosatom
China National Nuclear Corporation
Eckert & Ziegler
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cobalt-60 market?
What factors are driving Cobalt-60 market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cobalt-60 market opportunities vary by end market size?
How does Cobalt-60 break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.