Global Iridium-192 Market Growth 2025-2031

The global Iridium-192 market size is predicted to grow from US$ 36.2 million in 2025 to US$ 46.5 million in 2031; it is expected to grow at a CAGR of 4.3% from 2025 to 2031.

Iridium-192 is a radioactive isotope of iridium commonly used in industrial radiography for non-destructive testing. It emits gamma radiation, which can penetrate materials and provide insights into their internal structures. Iridium-192 is used to identify flaws, defects, and structural integrity issues in materials like metal and concrete.

The Iridium-192 market has seen steady demand, primarily driven by its application in industrial radiography, where it is used for non-destructive testing (NDT) of materials and structures. Industrial radiography plays a crucial role in sectors such as oil and gas, aerospace, and manufacturing, ensuring the integrity and safety of components without compromising their functionality. Iridium-192 is favored for its high gamma-ray emission, which allows for deep penetration and clear imaging of thick or dense materials, making it a preferred choice over other isotopes. Additionally, the medical sector, particularly in brachytherapy for cancer treatment, further supports the global demand for Iridium-192.

In the coming years, the Iridium-192 market is expected to experience growth due to several key drivers. The increasing demand for oil and gas exploration and the maintenance of aging infrastructure will continue to drive the need for industrial radiography, as these sectors require regular inspections for safety and regulatory compliance. Similarly, advancements in medical applications, especially in cancer treatment, are anticipated to boost demand for Iridium-192. As healthcare systems increasingly adopt precision radiation therapy, the use of Iridium-192 in brachytherapy procedures is expected to expand. Additionally, emerging economies, particularly in Asia-Pacific and Latin America, are seeing a rise in industrialization and healthcare infrastructure development, which will contribute to greater adoption of Iridium-192 for both NDT and medical applications.

Looking to the future, the future of the Iridium-192 market thus appears promising, with steady demand driven by both traditional industries and emerging applications.

LP Information, Inc. (LPI) ' newest research report, the “Iridium-192 Industry Forecast” looks at past sales and reviews total world Iridium-192 sales in 2024, providing a comprehensive analysis by region and market sector of projected Iridium-192 sales for 2025 through 2031. With Iridium-192 sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Iridium-192 industry.

This Insight Report provides a comprehensive analysis of the global Iridium-192 landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Iridium-192 portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Iridium-192 market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Iridium-192 and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Iridium-192.

This report presents a comprehensive overview, market shares, and growth opportunities of Iridium-192 market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
High Purity Iridium-192
Normal Purity Iridium-192

Segmentation by Application:
Medical
Industry
Santific Research
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Rosatom
Polatom
NTP Radioisotopes
China National Nuclear Corporation
Board of Radiation and Isotope Technology (BRIT)
Eckert & Ziegler

Key Questions Addressed in this Report

What is the 10-year outlook for the global Iridium-192 market?

What factors are driving Iridium-192 market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Iridium-192 market opportunities vary by end market size?

How does Iridium-192 break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.