Market Overview:
The global cobalt-57 market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for cobalt-57 in various applications such as industry, medical, agriculture and academic institutions. Cobalt-57 is used as a radiation source for various diagnostic and therapeutic procedures in medical applications. It is also used as a tracer element in agricultural research for studying plant uptake and metabolism of nutrients. Furthermore, cobalt-57 finds application in academic institutions for teaching purposes and research activities.
Product Definition:
Cobalt-57 is a radioactive isotope of cobalt that has a half-life of about 5.27 years. It is used in medical treatments and as a tracer element in chemical analysis.
Cobalt-57 Waste:
Cobalt-57 is a radioactive element, which has the ability to penetrate through the human body and cause damage to cells. It can also lead to cancer. Cobalt-57 is used in several medical procedures such as radiotherapy for cancer treatment and radioisotope diagnostic equipment. The amount of cobaltoin present in nature is very less, so it has been made artificially by nuclear reactors using uranium or another rare metal called yttrium.
Cobalt-57 Radiation Source:
Cobalt-57 is a radioactive metal with a very short half-life. It has been used as a radiation source in medical and industrial applications for more than 60 years. Cobalt-57 has been extensively used in the treatment of cancer, which makes up one of the most significant uses of this radioisotope.
Application Insights:
The industry application segment accounted for the largest share of over 50% in 2017. The growing demand for smartphones, wearable devices, and other electronic products is expected to drive the industry growth over the forecast period.
The medical application segment is projected to witness significant growth during the forecast period owing to rising applications in cancer treatment and diagnosis. Cobalt-57 has been used as a radiological source in radiation therapy for treating cancer patients since its inception in 1967. It has also been used as a diagnostic tool for imaging soft tissue tumors since then. However, high costs are anticipated to be an obstacle for its wider adoption within this sector over the coming years.
Cobalt-57 is widely utilized across various academic research studies pertaining to nuclear medicine.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with a few changes in the share of each country. For instance, Canada is anticipated to witness a significant increase in production and export of medical isotopes by 2030-31 as per current plans.
The U.S., on the other hand, has been self-sufficient for producing Cobalt-57 since 2016 and currently no longer imports any product from foreign countries for producing this radiopharmaceutical agent due to which it is not considered as one of the major suppliers globally. However, there are certain plans that indicate an intention towards resuming import dependence by 2030s if domestic demand remains unmet or if prices remain low (i).
Asia Pacific was estimated to be USD X million in 2017.
Growth Factors:
- Increasing demand from medical industry for Cobalt-57 as a tracer isotope for diagnosis and treatment of various diseases.
- Growing popularity of Cobalt-57 in PET (Positron Emission Tomography) scans for cancer detection and other medical applications.
- Rising demand from research institutes and universities for use of Cobalt-57 in nuclear physics research projects.
- Increasing number of hospitals and clinics installing PET scanners that use Cobalt-57 isotopes for diagnostic purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cobalt-57 Market Research Report
By Type
Cobalt-57 Waste, Cobalt-57 Radiation Source
By Application
Industry, Medical, Agriculture, Academic, Others
By Companies
Board of Radiation and Isotope Technology, China National Nuclear Corporation, NIIAR, Mayak, Atomic Energy of Canada Ltd., Board of Radiation and Isotope Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Cobalt-57 Market Report Segments:
The global Cobalt-57 market is segmented on the basis of:
Types
Cobalt-57 Waste, Cobalt-57 Radiation Source
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industry, Medical, Agriculture, Academic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Board of Radiation and Isotope Technology
- China National Nuclear Corporation
- NIIAR
- Mayak
- Atomic Energy of Canada Ltd.
- Board of Radiation and Isotope Technology
Highlights of The Cobalt-57 Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cobalt-57 Waste
- Cobalt-57 Radiation Source
- By Application:
- Industry
- Medical
- Agriculture
- Academic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cobalt-57 Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cobalt-57 is a radioactive isotope of cobalt. It has a half-life of about 5.7 days and is used in medical imaging and cancer therapy.
Some of the major players in the cobalt-57 market are Board of Radiation and Isotope Technology, China National Nuclear Corporation, NIIAR, Mayak, Atomic Energy of Canada Ltd., Board of Radiation and Isotope Technology.
The cobalt-57 market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cobalt-57 Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cobalt-57 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cobalt-57 Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cobalt-57 Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cobalt-57 Market Size & Forecast, 2018-2028
4.5.1 Cobalt-57 Market Size and Y-o-Y Growth
4.5.2 Cobalt-57 Market Absolute $ Opportunity
Chapter 5 Global Cobalt-57 Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cobalt-57 Market Size Forecast by Type
5.2.1 Cobalt-57 Waste
5.2.2 Cobalt-57 Radiation Source
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cobalt-57 Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cobalt-57 Market Size Forecast by Applications
6.2.1 Industry
6.2.2 Medical
6.2.3 Agriculture
6.2.4 Academic
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cobalt-57 Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cobalt-57 Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cobalt-57 Analysis and Forecast
9.1 Introduction
9.2 North America Cobalt-57 Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cobalt-57 Market Size Forecast by Type
9.6.1 Cobalt-57 Waste
9.6.2 Cobalt-57 Radiation Source
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cobalt-57 Market Size Forecast by Applications
9.10.1 Industry
9.10.2 Medical
9.10.3 Agriculture
9.10.4 Academic
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cobalt-57 Analysis and Forecast
10.1 Introduction
10.2 Europe Cobalt-57 Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cobalt-57 Market Size Forecast by Type
10.6.1 Cobalt-57 Waste
10.6.2 Cobalt-57 Radiation Source
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cobalt-57 Market Size Forecast by Applications
10.10.1 Industry
10.10.2 Medical
10.10.3 Agriculture
10.10.4 Academic
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cobalt-57 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cobalt-57 Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cobalt-57 Market Size Forecast by Type
11.6.1 Cobalt-57 Waste
11.6.2 Cobalt-57 Radiation Source
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cobalt-57 Market Size Forecast by Applications
11.10.1 Industry
11.10.2 Medical
11.10.3 Agriculture
11.10.4 Academic
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cobalt-57 Analysis and Forecast
12.1 Introduction
12.2 Latin America Cobalt-57 Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cobalt-57 Market Size Forecast by Type
12.6.1 Cobalt-57 Waste
12.6.2 Cobalt-57 Radiation Source
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cobalt-57 Market Size Forecast by Applications
12.10.1 Industry
12.10.2 Medical
12.10.3 Agriculture
12.10.4 Academic
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cobalt-57 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cobalt-57 Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cobalt-57 Market Size Forecast by Type
13.6.1 Cobalt-57 Waste
13.6.2 Cobalt-57 Radiation Source
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cobalt-57 Market Size Forecast by Applications
13.10.1 Industry
13.10.2 Medical
13.10.3 Agriculture
13.10.4 Academic
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cobalt-57 Market: Competitive Dashboard
14.2 Global Cobalt-57 Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Board of Radiation and Isotope Technology
14.3.2 China National Nuclear Corporation
14.3.3 NIIAR
14.3.4 Mayak
14.3.5 Atomic Energy of Canada Ltd.
14.3.6 Board of Radiation and Isotope Technology
