Global Gamma Radioactive Sources Market Growth 2025-2031

Global Gamma Radioactive Sources Market Growth 2025-2031

The global Gamma Radioactive Sources market size is predicted to grow from US$ 428 million in 2025 to US$ 590 million in 2031; it is expected to grow at a CAGR of 5.5% from 2025 to 2031.

Radioactive Sources is a general term for radiation sources made of radioactive materials. Gamma Radioactive Sources, also known as gamma radioactive sources, a radioactive source with the main feature of emitting gamma rays, referred to as gamma source.

Radionuclides which emit gamma radiation are valuable in a range of different industrial, scientific and medical technologies. The Gamma Radioactive Sources that are by far the most useful are cobalt-60, caesium-137 and iridium-192.

The Gamma Radioactive Sources industry can be broken down into several segments, Iridium-192, Cobalt-60, Cesium-137, Others.

Across the world, the major players cover Nordion, Rosatom, China National Nuclear Corporation, etc.

The global biggest participants of gamma radioactive sources is Nordion, with around 35% market share. North Amrica is the biggest market with about 40% share. Cobalt-60 is the main type, accounting for about 80%. Medical applications account for about 70%.

The global gamma radioactive sources market is witnessing steady growth, spurred by the broad application of gamma rays in various sectors. Gamma radioactive sources, emitting high-energy radiation, are used extensively in medical, industrial, and research fields. In the medical sector, the rise in diseases like cancer and advances in radiotherapy and nuclear medicine are driving demand. Meanwhile, industries utilize gamma sources for sterilization, food irradiation, and material testing, benefiting from the growth of manufacturing and quality control requirements. Scientific research across physics, chemistry, and biology further propels the market, as gamma sources are crucial for experimentation.

Technological advancements, such as sealed source technology and remote handling systems, enhance safety and efficiency, reinforcing market growth. However, the market faces challenges, particularly with stringent regulatory frameworks designed to ensure the safe handling of radioactive materials, which can create barriers for both manufacturers and users. Safety concerns, especially related to radiation exposure, and the high production and maintenance costs also limit accessibility, particularly in regions with less infrastructure or training.

Opportunities in the gamma radioactive sources market are expanding, with new applications emerging in nanotechnology and environmental monitoring. Further technological advancements promise improved performance, safety, and lower costs, broadening the market’s reach. Developing markets, particularly in Asia, are witnessing growth in demand, driven by expanding healthcare and industrial sectors.

Regionally, North America and Europe dominate the market, owing to their advanced healthcare systems and well-established nuclear industries, while Asia is an emerging market with significant potential, especially in China, Japan, and India. Looking ahead, the global gamma radioactive sources market is expected to continue growing, driven by advancements in technology, expanding applications, and increasing demand in healthcare and industry. However, overcoming regulatory and safety challenges, along with the high costs, will be key for manufacturers aiming to capitalize on future opportunities.

LP Information, Inc. (LPI) ' newest research report, the “Gamma Radioactive Sources Industry Forecast” looks at past sales and reviews total world Gamma Radioactive Sources sales in 2024, providing a comprehensive analysis by region and market sector of projected Gamma Radioactive Sources sales for 2025 through 2031. With Gamma Radioactive Sources sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gamma Radioactive Sources industry.

This Insight Report provides a comprehensive analysis of the global Gamma Radioactive Sources 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 Gamma Radioactive Sources portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Gamma Radioactive Sources market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gamma Radioactive Sources 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 Gamma Radioactive Sources.

This report presents a comprehensive overview, market shares, and growth opportunities of Gamma Radioactive Sources market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Co-60
Ir-192
Cs-137
Others

Segmentation by Application:
Medical
Industrial
Agriculture
Scientific Research
Others

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 analysing the company's coverage, product portfolio, its market penetration.
Nordion
Rosatom
China National Nuclear Corporation
Eckert & Ziegler Strahlen
Polatom
NTP
Board of Radiation and Isotope Technology (BRIT)
DIOXITEK

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gamma Radioactive Sources market?

What factors are driving Gamma Radioactive Sources market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gamma Radioactive Sources market opportunities vary by end market size?

How does Gamma Radioactive Sources break out by Type, by Application?

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