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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 2023, 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 2023. 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
This report 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.
This report 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 . This report 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:
• China
• India
• Japan
• South Korea
• Australia
• Thailand
• Indonesia
• High Specific Activity Cobalt-60
• General Cobalt-60
• Medical Devices
• Medical Radiotherapy
• Industrial
• Other
• 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.
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, 2023 (%)
• Key companies Cobalt-60 sales in Asia Pacific market, 2019-2024 (Estimated),
• Key companies Cobalt-60 sales share in Asia Pacific market, 2023 (%)
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.
1.1 Product Overview and Scope of Cobalt-60
1.2.1 Asia Pacific Market Size YoY Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 High Specific Activity Cobalt-60
1.2.3 General Cobalt-60
1.3.1 Asia Pacific Market Size YoY Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Medical Devices
1.3.3 Medical Radiotherapy
1.3.4 Industrial
1.3.5 Other
1.4 Asia Pacific Market Growth Prospects
1.4.1 Asia Pacific Revenue Estimates and Forecasts (2019-2030)
1.4.2 Asia Pacific Production Estimates and Forecasts (2019-2030)
2.1 Industry Trends
2.1.1 SWOT Analysis
2.1.2 PESTEL Analysis
2.1.3 Porter’s Five Forces Analysis
2.2 Potential Market and Growth Potential Analysis
3.1 Asia Pacific Production by Manufacturers (2019-2023)
3.2 Asia Pacific Revenue Market Share by Manufacturers (2019-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Asia Pacific Average Price by Manufacturers (2019-2023)
3.5 Manufacturers Production Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Asia Pacific 5 and 10 Largest Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4.1 Asia Pacific Production
4.1.1 Asia Pacific Production YoY Growth Rate (2019-2023)
4.1.2 Asia Pacific Production, Revenue, Price and Gross Margin (2019-2024)
5.1 Asia Pacific
5.1.1 Asia Pacific Consumption by Country
5.1.2 Asia Pacific Sales, Consumption, Export, Import (2019-2023)
5.1.1 China
5.2.2 India
5.3.3 Japan
5.4.4 South Korea
5.5.5 Australia
5.6.6 Thailand
5.7.7 Indonesia
6.1 Asia Pacific Production Market Share by Type (2019-2024)
6.2 Asia Pacific Revenue Market Share by Type (2019-2024)
6.3 Asia Pacific Price by Type (2019-2024)
7.1 Asia Pacific Production Market Share by Application (2019-2024)
7.2 Asia Pacific Revenue Market Share by Application (2019-2024)
7.3 Asia Pacific Price by Application (2019-2024)
8.1 China National Nuclear Corporation (CNNC)
8.1.1 China National Nuclear Corporation (CNNC) Corporation Information
8.1.2 China National Nuclear Corporation (CNNC) Product Portfolio
8.1.3 China National Nuclear Corporation (CNNC) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.1.4 China National Nuclear Corporation (CNNC) Main Business and Markets Served
8.1.5 China National Nuclear Corporation (CNNC) Recent Developments/Updates
8.2 Korea Hydro & Nuclear Power Co., Ltd. (KHNP)
8.2.1 Korea Hydro & Nuclear Power Co., Ltd. (KHNP) Corporation Information
8.2.2 Korea Hydro & Nuclear Power Co., Ltd. (KHNP) Product Portfolio
8.2.3 Korea Hydro & Nuclear Power Co., Ltd. (KHNP) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.2.4 Korea Hydro & Nuclear Power Co., Ltd. (KHNP) Main Business and Markets Served
8.2.5 Korea Hydro & Nuclear Power Co., Ltd. (KHNP) Recent Developments/Updates
8.3 NTP Radioisotopes SOC Ltd.
8.3.1 NTP Radioisotopes SOC Ltd. Corporation Information
8.3.2 NTP Radioisotopes SOC Ltd. Product Portfolio
8.3.3 NTP Radioisotopes SOC Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.3.4 NTP Radioisotopes SOC Ltd. Main Business and Markets Served
8.3.5 NTP Radioisotopes SOC Ltd. Recent Developments/Updates
8.4 Board of Radiation and Isotope Technology (BRIT)
8.4.1 Board of Radiation and Isotope Technology (BRIT) Corporation Information
8.4.2 Board of Radiation and Isotope Technology (BRIT) Product Portfolio
8.4.3 Board of Radiation and Isotope Technology (BRIT) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.4.4 Board of Radiation and Isotope Technology (BRIT) Main Business and Markets Served
8.4.5 Board of Radiation and Isotope Technology (BRIT) Recent Developments/Updates
8.5 Australian Nuclear Science and Technology Organisation (ANSTO)
8.5.1 Australian Nuclear Science and Technology Organisation (ANSTO) Corporation Information
8.5.2 Australian Nuclear Science and Technology Organisation (ANSTO) Product Portfolio
8.5.3 Australian Nuclear Science and Technology Organisation (ANSTO) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.5.4 Australian Nuclear Science and Technology Organisation (ANSTO) Main Business and Markets Served
8.5.5 Australian Nuclear Science and Technology Organisation (ANSTO) Recent Developments/Updates
8.6 Shanghai Institute of Applied Physics (Chinese Academy of Sciences)
8.6.1 Shanghai Institute of Applied Physics (Chinese Academy of Sciences) Corporation Information
8.6.2 Shanghai Institute of Applied Physics (Chinese Academy of Sciences) Product Portfolio
8.6.3 Shanghai Institute of Applied Physics (Chinese Academy of Sciences) Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.6.4 Shanghai Institute of Applied Physics (Chinese Academy of Sciences) Main Business and Markets Served
8.6.5 Shanghai Institute of Applied Physics (Chinese Academy of Sciences) Recent Developments/Updates
8.7 Chiyoda Technol Corporation
8.7.1 Chiyoda Technol Corporation Corporation Information
8.7.2 Chiyoda Technol Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.7.3 Chiyoda Technol Corporation Main Business and Markets Served
8.7.4 Chiyoda Technol Corporation Recent Developments/Updates
8.8 Fuji Electric Co., Ltd.
8.8.1 Fuji Electric Co., Ltd. Corporation Information
8.8.2 Fuji Electric Co., Ltd. Product Portfolio
8.8.3 Fuji Electric Co., Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.8.4 Fuji Electric Co., Ltd. Main Business and Markets Served
8.8.5 Fuji Electric Co., Ltd. Recent Developments/Updates
8.9 China Isotope & Radiation Corporation
8.9.1 China Isotope & Radiation Corporation Corporation Information
8.9.2 China Isotope & Radiation Corporation Product Portfolio
8.9.3 China Isotope & Radiation Corporation Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.9.4 China Isotope & Radiation Corporation Main Business and Markets Served
8.9.5 China Isotope & Radiation Corporation Recent Developments/Updates
8.10 Japan Steel Works, Ltd.
8.10.1 Japan Steel Works, Ltd. Corporation Information
8.10.2 Japan Steel Works, Ltd. Product Portfolio
8.10.3 Japan Steel Works, Ltd. Production Capacity, Revenue, Price and Gross Margin (2019-2024)
8.10.4 Japan Steel Works, Ltd. Main Business and Markets Served
8.10.5 Japan Steel Works, Ltd. Recent Developments/Updates
9.1 Key Raw Materials Analysis
9.1.1 Key Raw Materials
9.1.2 Key Suppliers of Raw Materials
9.2 Proportion of Manufacturing Cost Structure
9.3 Manufacturing Process Analysis of Cobalt-60
9.4 Industrial Chain Analysis
10.1 Marketing Channel
10.2 Distributors List
10.3 Customers
11.1 Industry Trends
11.2 Market Drivers
11.3 Market Challenges
11.4 Market Restraints
12.1 Asia Pacific Production, Revenue Forecast (2024-2030)
13.1 Asia Pacific Forecasted Consumption of by Country
14.1 Asia Pacific Production, Revenue and Price Forecast by Type (2024-2030)
14.1.1 Asia Pacific Forecasted Production of by Type (2024-2030)
14.1.2 Asia Pacific Forecasted Revenue of by Type (2024-2030)
14.1.3 Asia Pacific Forecasted Price of by Type (2024-2030)
14.2 Asia Pacific Production, Revenue and Price Forecast by Application (2024-2030)
14.2.1 Asia Pacific Forecasted Production of by Application (2024-2030)
14.2.2 Asia Pacific Forecasted Revenue of by Application (2024-2030)
14.2.3 Asia Pacific Forecasted Price of by Application (2024-2030)
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Author List
16.4 Disclaimer
17.1 Note
17.2 Examples of Clients
Frequently Asked Questions ?
