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Global Radioactive Source Market Research Report - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2033)

Published Aug 13, 2025
Length 204 Pages
SKU # LOOK20514493

Description

Definition and Scope:

A radioactive source is a known quantity of a radionuclide which emits ionizing radiation; typically one or more of the radiation types gamma rays, alpha particles, beta particles, and neutron radiation. Sources can be used for irradiation, calibration of radiometric process and radiation protection instrumentation. They are also used for industrial process measurements, such as thickness gauging in the paper and steel industries.

As an irradiation source they are used in medicine for radiation therapy and in industry for such as industrial radiography, food irradiation, sterilization and vermin disinfestation. At the same time, they have high research value and are widely used in chemical experiments.

The global radioactive source market was valued at USD 1024.44 million in 2021 and is expected to reach USD 1364.62 million by the end of 2028, growing at a CAGR of 4.11% between 2022 and 2028.

The market for radioactive source is on the rise owing to several factors. First of all, advantages of the radioactive sources like mature technology secure market position. Moreover, usage of radioactive sources in various industries amplifies the market growth. The vast usage of these sources has increased the global demand for the product. Lastly, more ways to reduce radioactive source contamination will help the industry grow in a sustainable way. Meanwhile, the market also face some challenges, among which the COVID-19 pandemic has obvious negative impact. The effect of lockdowns and strict social distancing norms on it was immense. Due to the pandemic, conducting experiments, observations and research proved to be very difficult. The production also stopped during the pandemic bringing down the market share. Those has limited the market growth. Other challenges include adoption of alternative technologies, rising concerns on environment and health, etc. However, overall market outlook is still good.

Segment by type, the Radioactive Source can be split into Mo-99, Co-60, Ir-192 etc. In 2021, Mo-99 occupies the most dominant market share, accounting for 46.23%, followed by the Co-60 ( 24.31% ) and Ir-92 ( 10.75% ). The radiation produced by cobalt-60 is crucial to the medical community for cancer treatments and sterilization of medical devices. Cobalt-60 is widely employed by the healthcare industry to sterilize medical devices such as sutures, gloves, and syringes. In Cobalt-60 market, the Medical Devices segment holds an important share in terms of application.

From the perspective of application scenarios, medical field is the most important use of Radioactive Source and it contributes to 61.60% of the market share. It is expected to continue dominate the market, with the predicted market share of 61.41% in 2022. Another important use of Radioactive Source is in industrial area with 23.58% market share. It can be used to produce industrial fixed gauges, industrial radiography cameras, well logging devices.

On basis of geography, the Radioactive Source market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. The same status will remain for several years. In 2021, Europe's sales accounted for approximately 36.54% of the global market, while North America accounted for 31.62%. Asia Pacific is estimated to be an important region in the global radioactive source market in the near future. At the same time, North America is likely to lead the market in the next few years. Several countries in the region, such as China, India, and Japan, are investing more in this area. The Radioactive Source market in Latin America, Middle East & Africa is expected to expand steadily during the forecast period. Rising investments in radioactive source in developing countries is expected to drive the Radioactive Source market in these regions during the forecast period.

Currently, the competition in the Radioactive Source market is fierce. According to our calculations, in 2021, the CR5 and HHI of the market were 55.42% and 7.31% respectively, showing a relatively low market concentration. The manufactures must compete hard to gain more market share. The major players in the market include Nuclear Research & consultancy Group (NRG), Mayak, China Isotope & Radiation Corporation (CIRC), NTP Radioisotopes, Nordion, Eckert & Ziegler Strahlen, IRE, ANSTO, Polatom, Board of Radiation and Isotope Technology.

This report offers a comprehensive analysis of the global Radioactive Source market, examining all key dimensions. It provides both a macro-level overview and micro-level market details, including market size, trends, competitive landscape, niche segments, growth drivers, and key challenges.

Report Framework and Key Highlights:

Market Dynamics: Identification of major market drivers, restraints, opportunities, and challenges.

Trend Analysis: Examination of ongoing and emerging trends impacting the market.

Competitive Landscape: Detailed profiles and market positioning of major players, including market share, operational status, product offerings, and strategic developments.

Strategic Analysis Tools: SWOT Analysis, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis

Market Segmentation: By type, application, region, and end-user industry.

Forecasting and Growth Projections: In-depth revenue forecasts and CAGR analysis through 2033.

This report equips readers with critical insights to navigate competitive dynamics and develop effective strategies. Whether assessing a new market entry or refining existing strategies, the report serves as a valuable tool for:

Industry players

Investors

Researchers

Consultants

Business strategists

And all stakeholders with an interest or investment in the Radioactive Source market.

Global Radioactive Source Market: Segmentation Analysis and Strategic Insights

This section of the report provides an in-depth segmentation analysis of the global Radioactive Source market. The market is segmented based on region (country), manufacturer, product type, and application. Segmentation enables a more precise understanding of market dynamics and facilitates targeted strategies across product development, marketing, and sales.

By breaking the market into meaningful subsets, stakeholders can better tailor their offerings to the specific needs of each segment—enhancing competitiveness and improving return on investment.

Global Radioactive Source Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Companies Profiled

Nuclear Research & consultancy Group (NRG)

Mayak

China Isotope & Radiation Corporation (CIRC)

NTP Radioisotopes

Nordion

Eckert & Ziegler Strahlen

IRE

ANSTO

Polatom

Board of Radiation and Isotope Technology

Market Segmentation by Type

Co-60

Mo-99

Ir-192

Others

Market Segmentation by Application

Medical

Industrial

Agriculture

Scientific Research

Others

Geographic Segmentation

North America: United States, Canada, Mexico

Europe: Germany, France, Italy, U.K., Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium, Russia.

Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Philippines, Singapore, Thailand

South America: Brazil, Argentina, Colombia.

Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa, Rest of MEA

Report Framework and Chapter Summary

Chapter 1: Report Scope and Market Definition

This chapter outlines the statistical boundaries and scope of the report. It defines the segmentation standards used throughout the study, including criteria for dividing the market by region, product type, application, and other relevant dimensions. It establishes the foundational definitions and classifications that guide the rest of the analysis.

Chapter 2: Executive Summary

This chapter presents a concise summary of the market’s current status and future outlook across different segments—by geography, product type, and application. It includes key metrics such as market size, growth trends, and development potential for each segment. The chapter offers a high-level overview of the Radioactive Source Market, highlighting its evolution over the short, medium, and long term.

Chapter 3: Market Dynamics and Policy Environment

This chapter explores the latest developments in the market, identifying key growth drivers, restraints, challenges, and risks faced by industry participants. It also includes an analysis of the policy and regulatory landscape affecting the market, providing insight into how external factors may shape future performance.

Chapter 4: Competitive Landscape

This chapter provides a detailed assessment of the market's competitive environment. It covers market share, production capacity, output, pricing trends, and strategic developments such as mergers, acquisitions, and expansion plans of leading players. This analysis offers a comprehensive view of the positioning and performance of top competitors.

Chapters 5–10: Regional Market Analysis

These chapters offer in-depth, quantitative evaluations of market size and growth potential across major regions and countries. Each chapter assesses regional consumption patterns, market dynamics, development prospects, and available capacity. The analysis helps readers understand geographical differences and opportunities in global markets.

Chapter 11: Market Segmentation by Product Type

This chapter examines the market based on product type, analyzing the size, growth trends, and potential of each segment. It helps stakeholders identify underexplored or high-potential product categories—often referred to as “blue ocean” opportunities.

Chapter 12: Market Segmentation by Application

This chapter analyzes the market based on application fields, providing insights into the scale and future development of each application segment. It supports readers in identifying high-growth areas across downstream markets.

Chapter 13: Company Profiles

This chapter presents comprehensive profiles of leading companies operating in the market. For each company, it details sales revenue, volume, pricing, gross profit margin, market share, product offerings, and recent strategic developments. This section offers valuable insight into corporate performance and strategy.

Chapter 14: Industry Chain and Value Chain Analysis

This chapter explores the full industry chain, from upstream raw material suppliers to downstream application sectors. It includes a value chain analysis that highlights the interconnections and dependencies across various parts of the ecosystem.

Chapter 15: Key Findings and Conclusions

The final chapter summarizes the main takeaways from the report, presenting the core conclusions, strategic recommendations, and implications for stakeholders. It encapsulates the insights drawn from all previous chapters.

Table of Contents

204 Pages
1 Introduction to Research & Analysis Reports
1.1 Radioactive Source Market Definition
1.2 Radioactive Source Market Segments
1.2.1 Segment by Type
1.2.2 Segment by Application
2 Executive Summary
2.1 Global Radioactive Source Market Size
2.2 Market Segmentation – by Type
2.3 Market Segmentation – by Application
2.4 Market Segmentation – by Geography
3 Key Market Trends, Opportunity, Drivers and Restraints
3.1 Key Takeway
3.2 Market Opportunities & Trends
3.3 Market Drivers
3.4 Market Restraints
3.5 Market Major Factor Assessment
4 Global Radioactive Source Market Competitive Landscape
4.1 Global Radioactive Source Sales by Manufacturers (2020-2025)
4.2 Global Radioactive Source Revenue Market Share by Manufacturers (2020-2025)
4.3 Radioactive Source Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.4 New Entrant and Capacity Expansion Plans
4.5 Mergers & Acquisitions
5 Global Radioactive Source Market by Region
5.1 Global Radioactive Source Market Size by Region
5.1.1 Global Radioactive Source Market Size by Region
5.1.2 Global Radioactive Source Market Size Market Share by Region
5.2 Global Radioactive Source Sales by Region
5.2.1 Global Radioactive Source Sales by Region
5.2.2 Global Radioactive Source Sales Market Share by Region
6 North America Market Overview
6.1 North America Radioactive Source Market Size by Country
6.1.1 USA Market Overview
6.1.2 Canada Market Overview
6.1.3 Mexico Market Overview
6.2 North America Radioactive Source Market Size by Type
6.3 North America Radioactive Source Market Size by Application
6.4 Top Players in North America Radioactive Source Market
7 Europe Market Overview
7.1 Europe Radioactive Source Market Size by Country
7.1.1 Germany Market Overview
7.1.2 France Market Overview
7.1.3 U.K. Market Overview
7.1.4 Italy Market Overview
7.1.5 Spain Market Overview
7.1.6 Sweden Market Overview
7.1.7 Denmark Market Overview
7.1.8 Netherlands Market Overview
7.1.9 Switzerland Market Overview
7.1.10 Belgium Market Overview
7.1.11 Russia Market Overview
7.2 Europe Radioactive Source Market Size by Type
7.3 Europe Radioactive Source Market Size by Application
7.4 Top Players in Europe Radioactive Source Market
8 Asia-Pacific Market Overview
8.1 Asia-Pacific Radioactive Source Market Size by Country
8.1.1 China Market Overview
8.1.2 Japan Market Overview
8.1.3 South Korea Market Overview
8.1.4 India Market Overview
8.1.5 Australia Market Overview
8.1.6 Indonesia Market Overview
8.1.7 Malaysia Market Overview
8.1.8 Philippines Market Overview
8.1.9 Singapore Market Overview
8.1.10 Thailand Market Overview
8.1.11 Rest of APAC Market Overview
8.2 Asia-Pacific Radioactive Source Market Size by Type
8.3 Asia-Pacific Radioactive Source Market Size by Application
8.4 Top Players in Asia-Pacific Radioactive Source Market
9 South America Market Overview
9.1 South America Radioactive Source Market Size by Country
9.1.1 Brazil Market Overview
9.1.2 Argentina Market Overview
9.1.3 Columbia Market Overview
9.2 South America Radioactive Source Market Size by Type
9.3 South America Radioactive Source Market Size by Application
9.4 Top Players in South America Radioactive Source Market
10 Middle East and Africa Market Overview
10.1 Middle East and Africa Radioactive Source Market Size by Country
10.1.1 Saudi Arabia Market Overview
10.1.2 UAE Market Overview
10.1.3 Egypt Market Overview
10.1.4 Nigeria Market Overview
10.1.5 South Africa Market Overview
10.2 Middle East and Africa Radioactive Source Market Size by Type
10.3 Middle East and Africa Radioactive Source Market Size by Application
10.4 Top Players in Middle East and Africa Radioactive Source Market
11 Radioactive Source Market Segmentation by Type
11.1 Evaluation Matrix of Segment Market Development Potential (Type)
11.2 Global Radioactive Source Sales Market Share by Type (2020-2033)
11.3 Global Radioactive Source Market Size Market Share by Type (2020-2033)
11.4 Global Radioactive Source Price by Type (2020-2033)
12 Radioactive Source Market Segmentation by Application
12.1 Evaluation Matrix of Segment Market Development Potential (Application)
12.2 Global Radioactive Source Market Sales by Application (2020-2033)
12.3 Global Radioactive Source Market Size (M USD) by Application (2020-2033)
12.4 Global Radioactive Source Sales Growth Rate by Application (2020-2033)
13 Company Profiles
13.1 Nuclear Research and consultancy Group (NRG)
13.1.1 Nuclear Research and consultancy Group (NRG) Company Overview
13.1.2 Nuclear Research and consultancy Group (NRG) Business Overview
13.1.3 Nuclear Research and consultancy Group (NRG) Radioactive Source Major Product Offerings
13.1.4 Nuclear Research and consultancy Group (NRG) Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.1.5 Key News
13.2 Mayak
13.2.1 Mayak Company Overview
13.2.2 Mayak Business Overview
13.2.3 Mayak Radioactive Source Major Product Offerings
13.2.4 Mayak Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.2.5 Key News
13.3 China Isotope and Radiation Corporation (CIRC)
13.3.1 China Isotope and Radiation Corporation (CIRC) Company Overview
13.3.2 China Isotope and Radiation Corporation (CIRC) Business Overview
13.3.3 China Isotope and Radiation Corporation (CIRC) Radioactive Source Major Product Offerings
13.3.4 China Isotope and Radiation Corporation (CIRC) Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.3.5 Key News
13.4 NTP Radioisotopes
13.4.1 NTP Radioisotopes Company Overview
13.4.2 NTP Radioisotopes Business Overview
13.4.3 NTP Radioisotopes Radioactive Source Major Product Offerings
13.4.4 NTP Radioisotopes Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.4.5 Key News
13.5 Nordion
13.5.1 Nordion Company Overview
13.5.2 Nordion Business Overview
13.5.3 Nordion Radioactive Source Major Product Offerings
13.5.4 Nordion Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.5.5 Key News
13.6 Eckert and Ziegler Strahlen
13.6.1 Eckert and Ziegler Strahlen Company Overview
13.6.2 Eckert and Ziegler Strahlen Business Overview
13.6.3 Eckert and Ziegler Strahlen Radioactive Source Major Product Offerings
13.6.4 Eckert and Ziegler Strahlen Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.6.5 Key News
13.7 IRE
13.7.1 IRE Company Overview
13.7.2 IRE Business Overview
13.7.3 IRE Radioactive Source Major Product Offerings
13.7.4 IRE Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.7.5 Key News
13.8 ANSTO
13.8.1 ANSTO Company Overview
13.8.2 ANSTO Business Overview
13.8.3 ANSTO Radioactive Source Major Product Offerings
13.8.4 ANSTO Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.8.5 Key News
13.9 Polatom
13.9.1 Polatom Company Overview
13.9.2 Polatom Business Overview
13.9.3 Polatom Radioactive Source Major Product Offerings
13.9.4 Polatom Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.9.5 Key News
13.10 Board of Radiation and Isotope Technology
13.10.1 Board of Radiation and Isotope Technology Company Overview
13.10.2 Board of Radiation and Isotope Technology Business Overview
13.10.3 Board of Radiation and Isotope Technology Radioactive Source Major Product Offerings
13.10.4 Board of Radiation and Isotope Technology Radioactive Source Sales and Revenue fromRadioactive Source (2020-2025)
13.10.5 Key News
14 Key Market Trends, Opportunity, Drivers and Restraints
14.1 Key Takeway
14.2 Market Opportunities & Trends
14.3 Market Drivers
14.4 Market Restraints
14.5 Market Major Factor Assessment
14.6 Porter's Five Forces Analysis of Radioactive Source Market
14.7 PEST Analysis of Radioactive Source Market
15 Analysis of the Radioactive Source Industry Chain
15.1 Overview of the Industry Chain
15.2 Upstream Segment Analysis
15.3 Midstream Segment Analysis
15.3.1 Manufacturing, Processing or Conversion Process Analysis
15.3.2 Key Technology Analysis
15.4 Downstream Segment Analysis
15.4.1 Downstream Customer List and Contact Details
15.4.2 Customer Concerns or Preference Analysis
16 Conclusion
17 Appendix
17.1 Methodology
17.2 Research Process and Data Source
17.3 Disclaimer
17.4 Note
17.5 Examples of Clients
17.6 Disclaimer
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