Pacific Cobalt-60 Market

The Asia Pacific Cobalt-60 market size was valued at US$ 132.7 million in 2024 and is projected to reach US$ 176.3 million by 2030, at a CAGR of 4.9% during the forecast period 2024-2030.
 

Cobalt-60 is a radioactive isotope of cobalt used in cancer radiotherapy, industrial radiography, and sterilization of medical equipment and food products.
The Asia Pacific Cobalt-60 market is growing steadily, driven by increasing cancer treatment facilities and the expansion of the healthcare sector. China accounts for 35% of the market, followed by Japan at 25% and India at 20%. In 2024, medical sterilization consumed 45% of total production, with cancer therapy at 35% and industrial radiography at 15%. The market experienced a 7% growth in demand for Cobalt-60 in food irradiation applications. Key players include Nordion Inc. (Canada) and Board of Radiation and Isotope Technology (India), holding a combined 55% market share in the region. The industry is investing in new irradiation facilities, with a 10% increase in Cobalt-60 irradiator installations in 2024. Challenges include regulatory hurdles and public perception of radiation, leading to an 8% focus on safety enhancements and public education initiatives. The trend towards single-use medical devices has driven a 12% increase in Cobalt-60 demand for sterilization processes. The market is benefiting from the growing emphasis on food safety, with a 15% rise in Cobalt-60 use for phytosanitary irradiation of exported fruits and vegetables in countries like Thailand and Vietnam.

Report Includes

Pacific Cobalt-60 Market is an essential reference for who looks for detailed information on Asia Pacific Cobalt-60 . The report covers data on Asia Pacific markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Asia Pacific major vendors¡¯ information. In addition to the data part, the report also provides overview of Cobalt-60 , including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

Pacific Cobalt-60 Market aims to provide a comprehensive presentation of the Asia Pacific Cobalt-60 , with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Cobalt-60 . Pacific Cobalt-60 Market contains market size and forecasts of Cobalt-60 in Asia Pacific, including the following market information:
We surveyed the Cobalt-60 manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

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• China

• India

• Japan

• South Korea

• Australia

• Thailand

• Indonesia

by Products type:

• High Specific Activity Cobalt-60

• General Cobalt-60

by Application:

• Medical Devices

• Medical Radiotherapy

• Industrial

• Other

key players include: (At least 8-10 companies included)

• China National Nuclear Corporation (CNNC)

• Korea Hydro & Nuclear Power Co., Ltd. (KHNP)

• NTP Radioisotopes SOC Ltd.

• Board of Radiation and Isotope Technology (BRIT)

• Australian Nuclear Science and Technology Organisation (ANSTO)

• Shanghai Institute of Applied Physics (Chinese Academy of Sciences)

• Chiyoda Technol Corporation

• Fuji Electric Co., Ltd.

• China Isotope & Radiation Corporation

• Japan Steel Works, Ltd.

• Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Cobalt-60 revenues in Asia Pacific market, 2019-2024 (Estimated), ($ millions)

• Key companies Cobalt-60 revenues share in Asia Pacific market, 2024 (%)

• Key companies Cobalt-60 sales in Asia Pacific market, 2019-2024 (Estimated),

• Key companies Cobalt-60 sales share in Asia Pacific market, 2024 (%)

FAQs on the Asia Pacific Cobalt-60 Market

1. What was the size of the Asia Pacific Cobalt-60 market in 2024?

• The Asia Pacific Cobalt-60 market was valued at approximately US$ 132.7 million in 2024.

2. What is the projected market size by 2030?

• By 2030, the market is expected to reach US$ 176.3 million.

3. What is the CAGR of the Asia Pacific Cobalt-60 market from 2024 to 2030?

• The market is forecast to grow at a Compound Annual Growth Rate (CAGR) of 4.9% during the period.

4. What is Cobalt-60 used for?

• Cobalt-60 is primarily used in radiation therapy for cancer treatment, sterilization of medical equipment, and industrial radiography.

5. What factors are driving the growth of the Cobalt-60 market in Asia Pacific?

Key drivers include:

• Rising demand for cancer treatment facilities

• Increasing adoption of advanced radiation technologies

• Growing healthcare infrastructure in emerging economies

• Expansion in industrial sterilization applications

Key Points of this Report:

• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis

• The report covers Asia Pacific and country-wise market of Cobalt-60

• It describes present situation, historical background and future forecast

• Comprehensive data showing Cobalt-60 capacities, production, consumption, trade statistics, and prices in the recent years are provided

• The report indicates a wealth of information on Cobalt-60 manufacturers

• Cobalt-60 forecast for next five years, including market volumes and prices is also provided

• Raw Material Supply and Downstream Consumer Information is also included

• Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

• Analyzing the outlook of the market with the recent trends and SWOT analysis

• Market dynamics scenario, along with growth opportunities of the market in the years to come

• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

• Distribution Channel sales Analysis by Value

• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years

• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

• 1-year analyst support, along with the data support in excel format.