Global Cobalt-60 Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application

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.
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.

Market Analysis and Insights: Global Cobalt-60 Market
In 2020, the global Cobalt-60 market size was US$ 254 million and it is expected to reach US$ 366.5 million by the end of 2027, with a CAGR of 5.3% between 2021 and 2027
Global Cobalt-60 Scope and Market Size
The global Cobalt-60 market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Cobalt-60 market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
High Specific Activity Cobalt-60
General Cobalt-60

Segment by Application
Medical Devices
Medical Radiotherapy
Industrial
Other

By Company
Bruce Power
Rosatom
China National Nuclear Corporation
Eckert & Ziegler

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Colombia
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE