What is Radioactive Source Market?
Radioactive source emits ionising radiations such as gamma, alpha particles, beta particles, neutron radiation. The natural sources includes cosmic rays, rocks, and soil. The emitted radiation then travels through the medium like air which are then absorbed by the matter. There are two types of radiation sources. Non Ionising sources are used in the microwave ovens, global positioning systems, cellular telephones, television stations, and others, whereas the Ionising sources are used in military applications, industry, Health care and others. Further, the sources are used for emotion of radiation where it performs the ionising function on target material.
Highlights from Radioactive Source Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Mayak (Russia), China National Nuclear Corporation (China), Eckert and Ziegler (Germany), Isoflex (United States), Ansto (Australia), Thomas (United States), Intech Open (United Kingdom), NTP Radioisotopes SOC Ltd (South Africa), Epsilon Radioactive Sources (Turkey) and International Isotopes (United States) |
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Radioactive Source market throughout the forecasted period.
Mayak (Russia), China National Nuclear Corporation (China), Eckert and Ziegler (Germany), Isoflex (United States), Ansto (Australia), Thomas (United States), Intech Open (United Kingdom), NTP Radioisotopes SOC Ltd (South Africa), Epsilon Radioactive Sources (Turkey) and International Isotopes (United States) are some of the key players profiled in the study. Radioactive Source Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Industrials, Medical, Agriculture, Academic and Others |
Type | Sealed and Unsealed |
End users | Health care,Agriculture,Research,Oil exploration,Mining,Others |
Ionising radiation sources | Atmospheric testing,Medical source,Industrial source,Nuclear fuel cycle |
Radiation type | Ionising (Alpha, Beta, Gamma, X rays, Neutron),Non-Ionising |
On the basis of geography, the market of Radioactive Source has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising technological advancements are fueling the market
Market Growth Drivers:
Benefits of Radioactive Sources in Various Industries Such as Medicine, Research and Rising Application of Nuclear Medicine which is used to Detect Early Stage of Cancer
Challenges:
Limited Number of Manufacturers Available
Restraints:
Severe Effects can be caused if the Sources are not Handled Properly
Opportunities:
Rising Usage of Radioactive Sources in Military Applications and Rising Research and Developments are boosting the Market Growth
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
On 3rd January 2020, Chinese nuclear company has acquired Spanish engineering firm named Nusim. This acquisition is a part of expansion plan to participate in environmental protection project.