
The global Medical Radiation Source market size was valued at US$ 872.6 million in 2023. With growing demand in downstream market, the Medical Radiation Source is forecast to a readjusted size of US$ 1312.6 million by 2030 with a CAGR of 6.0% during review period.
The research report highlights the growth potential of the global Medical Radiation Source market. Medical Radiation Source are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Medical Radiation Source. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Medical Radiation Source market.
Medical Radiation Source refers to any material or device that emits ionizing radiation, which is used in various medical applications for diagnostic and therapeutic purposes. Ionizing radiation is a form of energy that has enough power to remove tightly bound electrons from atoms, creating ions and causing changes in biological tissues. Medical radiation sources play a critical role in modern healthcare by enabling physicians to visualize internal structures, diagnose diseases, and treat various medical conditions.
According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
Key Features:
The report on Medical Radiation Source market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Medical Radiation Source market. It may include historical data, market segmentation by Type (e.g., Molybdenum-99, Cobalt-60), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Medical Radiation Source market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Medical Radiation Source market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Medical Radiation Source industry. This include advancements in Medical Radiation Source technology, Medical Radiation Source new entrants, Medical Radiation Source new investment, and other innovations that are shaping the future of Medical Radiation Source.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Medical Radiation Source market. It includes factors influencing customer ' purchasing decisions, preferences for Medical Radiation Source product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Medical Radiation Source market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Medical Radiation Source market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Medical Radiation Source market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Medical Radiation Source industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Medical Radiation Source market.
Market Segmentation:
Medical Radiation Source market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Molybdenum-99
Cobalt-60
Others
Segmentation by application
Nuclear Therapy
Diagnosis
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 analyzing the company's coverage, product portfolio, its market penetration.
NRG
NTP Radioisotopes
ANSTO
Nordion
IRE
Curium Pharma
Eckert & Ziegler Strahlen
China Isotope & Radiation Corporation (CIRC)
Polatom
Key Questions Addressed in this Report
What is the 10-year outlook for the global Medical Radiation Source market?
What factors are driving Medical Radiation Source market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Medical Radiation Source market opportunities vary by end market size?
How does Medical Radiation Source break out type, application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Medical Radiation Source Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Medical Radiation Source by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Medical Radiation Source by Country/Region, 2019, 2023 & 2030
2.2 Medical Radiation Source Segment by Type
2.2.1 Molybdenum-99
2.2.2 Cobalt-60
2.2.3 Others
2.3 Medical Radiation Source Sales by Type
2.3.1 Global Medical Radiation Source Sales Market Share by Type (2019-2024)
2.3.2 Global Medical Radiation Source Revenue and Market Share by Type (2019-2024)
2.3.3 Global Medical Radiation Source Sale Price by Type (2019-2024)
2.4 Medical Radiation Source Segment by Application
2.4.1 Nuclear Therapy
2.4.2 Diagnosis
2.4.3 Others
2.5 Medical Radiation Source Sales by Application
2.5.1 Global Medical Radiation Source Sale Market Share by Application (2019-2024)
2.5.2 Global Medical Radiation Source Revenue and Market Share by Application (2019-2024)
2.5.3 Global Medical Radiation Source Sale Price by Application (2019-2024)
3 Global Medical Radiation Source by Company
3.1 Global Medical Radiation Source Breakdown Data by Company
3.1.1 Global Medical Radiation Source Annual Sales by Company (2019-2024)
3.1.2 Global Medical Radiation Source Sales Market Share by Company (2019-2024)
3.2 Global Medical Radiation Source Annual Revenue by Company (2019-2024)
3.2.1 Global Medical Radiation Source Revenue by Company (2019-2024)
3.2.2 Global Medical Radiation Source Revenue Market Share by Company (2019-2024)
3.3 Global Medical Radiation Source Sale Price by Company
3.4 Key Manufacturers Medical Radiation Source Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Medical Radiation Source Product Location Distribution
3.4.2 Players Medical Radiation Source Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Medical Radiation Source by Geographic Region
4.1 World Historic Medical Radiation Source Market Size by Geographic Region (2019-2024)
4.1.1 Global Medical Radiation Source Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Medical Radiation Source Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Medical Radiation Source Market Size by Country/Region (2019-2024)
4.2.1 Global Medical Radiation Source Annual Sales by Country/Region (2019-2024)
4.2.2 Global Medical Radiation Source Annual Revenue by Country/Region (2019-2024)
4.3 Americas Medical Radiation Source Sales Growth
4.4 APAC Medical Radiation Source Sales Growth
4.5 Europe Medical Radiation Source Sales Growth
4.6 Middle East & Africa Medical Radiation Source Sales Growth
5 Americas
5.1 Americas Medical Radiation Source Sales by Country
5.1.1 Americas Medical Radiation Source Sales by Country (2019-2024)
5.1.2 Americas Medical Radiation Source Revenue by Country (2019-2024)
5.2 Americas Medical Radiation Source Sales by Type
5.3 Americas Medical Radiation Source Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Medical Radiation Source Sales by Region
6.1.1 APAC Medical Radiation Source Sales by Region (2019-2024)
6.1.2 APAC Medical Radiation Source Revenue by Region (2019-2024)
6.2 APAC Medical Radiation Source Sales by Type
6.3 APAC Medical Radiation Source Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Medical Radiation Source by Country
7.1.1 Europe Medical Radiation Source Sales by Country (2019-2024)
7.1.2 Europe Medical Radiation Source Revenue by Country (2019-2024)
7.2 Europe Medical Radiation Source Sales by Type
7.3 Europe Medical Radiation Source Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Medical Radiation Source by Country
8.1.1 Middle East & Africa Medical Radiation Source Sales by Country (2019-2024)
8.1.2 Middle East & Africa Medical Radiation Source Revenue by Country (2019-2024)
8.2 Middle East & Africa Medical Radiation Source Sales by Type
8.3 Middle East & Africa Medical Radiation Source Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Medical Radiation Source
10.3 Manufacturing Process Analysis of Medical Radiation Source
10.4 Industry Chain Structure of Medical Radiation Source
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Medical Radiation Source Distributors
11.3 Medical Radiation Source Customer
12 World Forecast Review for Medical Radiation Source by Geographic Region
12.1 Global Medical Radiation Source Market Size Forecast by Region
12.1.1 Global Medical Radiation Source Forecast by Region (2025-2030)
12.1.2 Global Medical Radiation Source Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Medical Radiation Source Forecast by Type
12.7 Global Medical Radiation Source Forecast by Application
13 Key Players Analysis
13.1 NRG
13.1.1 NRG Company Information
13.1.2 NRG Medical Radiation Source Product Portfolios and Specifications
13.1.3 NRG Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 NRG Main Business Overview
13.1.5 NRG Latest Developments
13.2 NTP Radioisotopes
13.2.1 NTP Radioisotopes Company Information
13.2.2 NTP Radioisotopes Medical Radiation Source Product Portfolios and Specifications
13.2.3 NTP Radioisotopes Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 NTP Radioisotopes Main Business Overview
13.2.5 NTP Radioisotopes Latest Developments
13.3 ANSTO
13.3.1 ANSTO Company Information
13.3.2 ANSTO Medical Radiation Source Product Portfolios and Specifications
13.3.3 ANSTO Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 ANSTO Main Business Overview
13.3.5 ANSTO Latest Developments
13.4 Nordion
13.4.1 Nordion Company Information
13.4.2 Nordion Medical Radiation Source Product Portfolios and Specifications
13.4.3 Nordion Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Nordion Main Business Overview
13.4.5 Nordion Latest Developments
13.5 IRE
13.5.1 IRE Company Information
13.5.2 IRE Medical Radiation Source Product Portfolios and Specifications
13.5.3 IRE Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 IRE Main Business Overview
13.5.5 IRE Latest Developments
13.6 Curium Pharma
13.6.1 Curium Pharma Company Information
13.6.2 Curium Pharma Medical Radiation Source Product Portfolios and Specifications
13.6.3 Curium Pharma Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Curium Pharma Main Business Overview
13.6.5 Curium Pharma Latest Developments
13.7 Eckert & Ziegler Strahlen
13.7.1 Eckert & Ziegler Strahlen Company Information
13.7.2 Eckert & Ziegler Strahlen Medical Radiation Source Product Portfolios and Specifications
13.7.3 Eckert & Ziegler Strahlen Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Eckert & Ziegler Strahlen Main Business Overview
13.7.5 Eckert & Ziegler Strahlen Latest Developments
13.8 China Isotope & Radiation Corporation (CIRC)
13.8.1 China Isotope & Radiation Corporation (CIRC) Company Information
13.8.2 China Isotope & Radiation Corporation (CIRC) Medical Radiation Source Product Portfolios and Specifications
13.8.3 China Isotope & Radiation Corporation (CIRC) Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 China Isotope & Radiation Corporation (CIRC) Main Business Overview
13.8.5 China Isotope & Radiation Corporation (CIRC) Latest Developments
13.9 Polatom
13.9.1 Polatom Company Information
13.9.2 Polatom Medical Radiation Source Product Portfolios and Specifications
13.9.3 Polatom Medical Radiation Source Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Polatom Main Business Overview
13.9.5 Polatom Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
