QY Research Inc.(Global Market Report Research Publisher) announces the release of 2024 latest report“Cobalt-60- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”.Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.
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.
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Cobalt-60 Market Summary
Cobalt 60 is an isotope of cobalt. Cobalt-60 is a synthetic radioactive isotope of cobalt with a half-life of 5.2713 years. It is produced artificially in nuclear reactors. Deliberate industrial production depends on neutron activation of bulk samples of the monoisotopic and mononuclidic cobalt isotope Co-59.
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.
According to the new market research report “Global Cobalt-60Market Report 2023-2029”, published by QYResearch, the global Cobalt-60 market size is projected to reach USD 419 million by 2029, at a CAGR of 5.6% during the forecast period.
- Global Cobalt-60 Market Size (US$ Million), 2018-2029
Above data is based on report from QYResearch: Global Cobalt-60 Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
- Global Cobalt-60 Top 3Players RankingandMarketShare (Ranking is based on the revenue of 2022, continually updated)
Above data is based on report from QYResearch: Global Cobalt-60 Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.
According to QYResearch Top Players Research Center, the global key manufacturers of Cobalt-60 include Nordion, Rosatom, etc. In 2022, the global top three players had a share approximately 80.0% in terms of revenue.
- Cobalt-60, Global Market Size, Split by Product Segment
Based on or includes research from QYResearch: Global Cobalt-60 Market Report 2023-2029.
In terms of product type, currently General Cobalt-60 is the largest segment, hold a share of 83.9%.
Market Drivers:
D1: The high demand for single-use medical equipment during the current COVID-19 crisis, the need for irradiation has increased.
D2: The rapid growth of independent medical laboratory laboratories
D3: Increasing medical spending and early treatment awareness
Restraint:
R1: Reduce Co-60 radiation utilization and dose rate requirements
R2: There are international terror security issues
R3: The impact of exchange rate fluctuations, rising energy prices, and increased labor costs on product prices
Trends:
Huge market potential
As some new materials could not withstand the high temperatures of traditional heat sterilization, it was necessary to use a ‘cold’ process. Gamma irradiation using a Cobalt-60 source provided the required penetration and characteristics and became a leading sterilisation modality. Today electron beam and X-ray technologies offer alternatives but to date these technologies are not widely used to sterilise medical devices.
The demand of Cobalt-60 is increasing
With the aging population and a greater number of people, globally, having access to healthcare, advancements in technology are keeping pace by delivering new and improved medical devices almost daily. Since the medical devices industry is fueled by innovation and the ongoing quest for better ways of treating and diagnosing medical problems, future growth will occur. And, as innovation and production occur, there will be continued growing demand for the sterilization of medical devices.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Cobalt-60 market is segmented as below:
By Company
Bruce Power
Rosatom
China National Nuclear Corporation
Eckert & Ziegler
Segment by Type
High Specific Activity Cobalt-60
General Cobalt-60
Segment by Application
Medical Devices
Medical Radiotherapy
Industrial
Other
Each chapter of the report provides detailed information for readers to further understand theCobalt-60market:
Chapter 1: Introduces the report scope of the Cobalt-60 report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)
Chapter 2: Detailed analysis of Cobalt-60 manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)
Chapter 3: Provides the analysis of various Cobalt-60 market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)
Chapter 5: Sales, revenue of Cobalt-60 in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)
Chapter 6: Sales, revenue of Cobalt-60 in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis:QYResearch provides in-depth Cobalt-60 competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis:QYResearch providesCobalt-60comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size:QYResearch provides Cobalt-60 market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
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