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Global Gamma Ray Sources Market Outlook 2032: Global Opportunity and Demand Analysis, Market Forecast To 2032
- Published :
Report ID: EP0031
Pages: 151
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
Market Research Report
Summary At A Glance
Description
Table of Contents
List Of Tables
List Of Figures
Research Methodology
Description
MARKET SCOPE:
The global Gamma Ray Sources market is projected to grow significantly, registering a CAGR of 8.7% during the forecast period (2024 – 2032).
Gamma-ray sources refer to materials or devices that emit gamma rays, which are a type of electromagnetic radiation. Gamma rays are high-energy photons that are part of the electromagnetic spectrum. These sources can be natural or artificially created, and they find applications in various fields, including medicine, industry, research, and nuclear power. Gamma-ray sources play a crucial role in industrial radiography for non-destructive testing of materials. This is widely used in sectors such as manufacturing, construction, and infrastructure, driving demand for reliable sources. The nuclear power industry relies on gamma-ray sources for various applications, including instrumentation, measurement, and control. The demand is influenced by the growth of nuclear power and advancements in reactor technologies. Gamma-ray sources are used in scientific research, including nuclear physics experiments and materials analysis. Ongoing research activities contribute to the demand for specialized gamma-ray sources. Gamma-ray sources are employed in environmental monitoring to detect and measure various pollutants and contaminants. The need for effective environmental monitoring contributes to the demand for these sources. Gamma-ray sources are used in security applications, such as cargo and baggage scanning for detecting illicit materials. The demand in the security and defense sector is driven by the need for advanced detection technologies. Gamma-ray sources, particularly in well logging, are used in the exploration of energy resources, including oil and gas. The demand is influenced by activities in the energy sector.
MARKET OVERVIEW:
Driver: Increasing demand for cancer treatment technologies is driving the market growth.
The utilization of gamma-ray sources in technologies like gamma knife surgery and radiation therapy plays a critical role in the precise targeting of cancer cells. The increasing incidence of cancer worldwide serves as a key driver for advancements in cancer treatment technologies. Ongoing advancements in treatment planning and delivery techniques contribute to improved precision in targeting cancer cells. This includes the development of more sophisticated algorithms, imaging technologies, and real-time monitoring during treatment. Advances in understanding the molecular characteristics of tumors contribute to personalized treatment approaches. Gamma-ray sources are integrated into treatment strategies that are tailored to the specific characteristics of each patient’s cancer. The use of gamma-ray sources in advanced cancer treatment technologies helps in minimizing the side effects of radiation therapy. Precise targeting allows for higher doses to be delivered to cancer cells while sparing adjacent healthy tissues. The continuous improvement in cancer treatment technologies, including those utilizing gamma-ray sources, has contributed to increased survival rates for certain types of cancer. This serves as a motivation for ongoing research and development. Ongoing research in radiobiology aims to better understand the interactions between radiation and living tissues. This knowledge informs the development of more effective and targeted cancer treatment approaches using gamma-ray sources.
Opportunities: Diagnostic imaging technologies is anticipated for the market growth in the upcoming years.
The development and adoption of diagnostic imaging technologies, such as gamma cameras and positron emission tomography (PET) scanners, are major contributors to the demand for gamma-ray sources in the medical field. The continuous development of gamma cameras and PET scanners aims to improve the precision and sensitivity of diagnostic imaging. This, in turn, increases the demand for high-quality and reliable gamma-ray sources to enhance imaging capabilities. As diagnostic imaging technologies advance, there is a parallel focus on the production of radioisotopes suitable for these technologies. The development of efficient methods for producing and supplying these isotopes is critical to meet the growing demand for diagnostic procedures. The expanding applications of nuclear medicine and molecular imaging contribute to the increased use of gamma-ray sources. Beyond traditional applications, researchers and medical professionals explore new ways to utilize gamma-ray-based imaging for early disease detection and personalized medicine. Ongoing innovation in detector technologies for gamma-ray detection contributes to the improvement of imaging systems. These advancements often require reliable and potent gamma-ray sources to test and calibrate the new technologies.
COVID IMPACT:
The COVID-19 pandemic has caused disruptions in global supply chains. While gamma-ray sources are not directly related to the pandemic, any disruptions in the supply chain for related materials or equipment could potentially affect the availability of certain radioactive sources used in medical or industrial applications. Hospitals and medical facilities providing nuclear medicine services may have experienced changes in their operations due to the pandemic. Elective procedures, including some diagnostic imaging using gamma-ray sources, may have been temporarily deferred or rescheduled. Research facilities using gamma-ray sources for scientific experiments may have faced delays or adjustments in their operations. Restrictions on lab access and workforce limitations could impact research timelines. Facilities handling gamma-ray sources are required to adhere to strict safety protocols. The pandemic may have prompted additional safety measures to protect personnel and ensure the safe handling and storage of radioactive materials. In cases where gamma-ray sources are used in facilities that shifted to remote work, there could be an increased reliance on remote monitoring and management systems to ensure the safety and security of radiation sources. Remote monitoring systems enable continuous surveillance of gamma-ray sources and associated equipment. This real-time monitoring allows for prompt detection of any irregularities or anomalies. Remote monitoring systems can be equipped with alarm functionalities. If predefined thresholds or safety parameters are exceeded, the system can generate immediate alerts, allowing for quick response and intervention. Integration with broader security systems enhances overall facility security. Remote monitoring of gamma-ray sources can be part of a comprehensive security infrastructure that includes access control, surveillance cameras, and intrusion detection.
SEGMENTATION ANALYSIS:
Cobalt – 60 segment is anticipated to grow significantly during the forecast period
Co-60 is widely used for industrial radiography to inspect materials and structures in sectors such as construction, manufacturing, and pipeline inspection. In medicine, Co-60 is used for radiation therapy in cancer treatment. It emits gamma rays that can penetrate tissues and target cancer cells. Co-60 is employed in research facilities for experiments in nuclear physics and materials science. Additionally, it is used for sterilization of certain medical equipment and food products. Co-60 can be found in certain components of nuclear power plants, serving various purposes such as instrumentation and control. The use of cobalt-60 and other radioactive materials is subject to strict regulatory oversight by national and international authorities to ensure safety. Due to the potential risks associated with radioactive materials, security measures are in place to prevent unauthorized access and mitigate the risk of theft or misuse.
The Medical segment is anticipated to grow significantly during the forecast period
Gamma-ray sources, often in the form of radiopharmaceuticals containing gamma-emitting isotopes like Technetium-99m, are used in gamma cameras for diagnostic imaging. This is commonly employed in procedures such as single-photon emission computed tomography (SPECT) to visualize the distribution of radioactive tracers within the body. PET scans use positron-emitting radiotracers, and gamma-ray detectors are employed to detect the annihilation photons produced when positrons interact with electrons. This technology provides detailed functional images of organs and tissues, aiding in the diagnosis and staging of diseases. In radiation therapy, gamma-ray sources such as cobalt-60 are used to deliver targeted doses of radiation to cancerous tissues. This helps in treating various forms of cancer by damaging or destroying cancer cells.
REGIONAL ANALYSIS:
The Asia Pacific region is set to witness significant growth during the forecast period.
Gamma-ray sources are widely used in medical imaging, such as gamma-ray cameras and positron emission tomography (PET) scans. Hospitals and medical facilities across the Asia-Pacific region utilize these technologies for diagnostic purposes. Gamma-ray sources are employed in industrial radiography for non-destructive testing of materials. This is commonly used in sectors such as construction, manufacturing, and infrastructure development. Research institutions and scientific facilities may use gamma-ray sources for various purposes, including nuclear physics experiments and materials analysis. The use of gamma-ray sources is tightly regulated to ensure safety. Regulatory bodies in different countries within the Asia-Pacific region establish guidelines and enforce regulations to prevent unauthorized use and protect public health. Some countries in the Asia-Pacific region have nuclear power plants that utilize gamma-ray sources for power generation. These sources are strictly controlled and monitored to prevent any safety hazards. Information about the location and specifics of gamma-ray sources is often classified due to security concerns. Governments and regulatory bodies implement measures to safeguard these sources against unauthorized access.
COMPETITIVE ANALYSIS
The global Gamma Ray Sources market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.
- Eckert & Ziegler Strahlen
- In January 2024, Actinium-225 (Ac-225) supply agreement has been reached by Eckert & Ziegler (ISIN DE0005659700, SDAX) and Full-Life Technologies (Full-Life), a clinical stage, fully integrated worldwide radiotherapeutics firm. Through the deal, Full-Life will have access to high-purity Actinium-225 from Eckert & Ziegler, a radionuclide that can be used to create the next wave of medicinal radiopharmaceuticals.
- ANSTO
- In January 2024, the Minerals unit of the Australian Nuclear Science and Technology Organisation has allocated $13.9 million under the Australian Critical Minerals Research and Development Hub, and rare earth elements will be a primary focus of this financing.
- Polatom
- Rosatom
- NTP Radioisotopes
- China National Nuclear Corporation
Scope of the Report
- By Type
- Iridium – 192
- Cobalt – 60
- Others
- By Application
- Medical
- Industrial Radiography
- Others
- By Region
- North America (the United States & Canada)
- Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
- Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America, and Rest of The World)
Keys reasons to purchasing this report
- It provides a technological development map over time to understand the industry’s growth rate and indicates how the Gamma Ray Sources market is evolving.
- The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Gamma Ray Sources submarket will be the main driver of the overall market from 2024 to 2032.
- It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.
- It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.
Table of Contents
- Executive Summary
- Market Snapshot
- Regional Analysis
- Segment Analysis
- Overview and scope
- Market Vision
- Market Definition
- Market Segmentation
- Market Vision
- Global Gamma Ray Sources Market Overview By Region: 2019 VS 2023 VS 2032
- Global Gamma Ray Sources Market Size by Regions (2019-2023) (USD Million)
- North America Gamma Ray Sources Market Size by Country (2019-2023) (USD Million)
- Europe Gamma Ray Sources Market Size by Country (2019-2023) (USD Million)
- Asia Pacific America Gamma Ray Sources Market Size by Country (2019-2023) (USD Million)
- Rest of the World Gamma Ray Sources Market Size by Country (2019-2023) (USD Million)
- Global Gamma Ray Sources Market Size by Regions (2024-2032) (USD Million)
- North America Gamma Ray Sources Market Size by Country (2024-2032) (USD Million)
- Europe Gamma Ray Sources Market Size by Country (2024-2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size by Country (2024-2032) (USD Million)
- Rest of the World Gamma Ray Sources Market Size by Country (2024-2032) (USD Million)
- Global Gamma Ray Sources Market Size by Regions (2019-2023) (USD Million)
- Global Gamma Ray Sources Market Dynamics
- Market Overview
- Market Drivers
- Market Restraints/ Challenges Analysis
- Market Opportunities
- PESTLE Analysis
- Porter’s Five Forces Model
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- The threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Value Chain Analysis/Supply Chain Analysis
- Covid-19 Impact Analysis on Global Gamma Ray Sources Market
- Market Overview
** In – depth qualitative analysis will be provided in the final report subject to market
- Global Gamma Ray Sources Market, By TYPE
- Overview
- Global Gamma Ray Sources Market Size By Type (2019 – 2032) (USD Million)
- Key Findings for Gamma Ray Sources Market – By Type
- Iridium – 192
- Cobalt – 60
- Others
- Global Gamma Ray Sources Market, By Applications
- Overview
- Key Findings for Gamma Ray Sources Market – By Applications
- Medical
- Industrial Radiography
- Others
- Global Gamma Ray Sources Market, by region
- Key Findings For Gamma Ray Sources Market- By region
- Overview
- Global Gamma Ray Sources Market, By Type
- Global Gamma Ray Sources Market, By Application
- Global Gamma Ray Sources Market- North America
- Global Gamma Ray Sources Market- Europe
- Overview
- Europe Gamma Ray Sources Market Size (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market, By Type
- Europe Gamma Ray Sources Market, By Application
- Europe Gamma Ray Sources Market Size by Countries
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Global Gamma Ray Sources Market – Asia Pacific
- Overview
- Asia Pacific Gamma Ray Sources Market Size (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market, By Type
- Asia Pacific Gamma Ray Sources Market, By Applications
- Asia Pacific Gamma Ray Sources Market Size by Countries
- China
- Japan
- India
- Rest of Asia Pacific
- Global Gamma Ray Sources Market- Rest of World
- Overview
- Rest of World Gamma Ray Sources Market Size (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market, By Type
- Rest of World Gamma Ray Sources Market, By Applications
- Rest of World Gamma Ray Sources Market Size by Regions
- Middle East & Africa
- Latin America
- Rest Of The World
- GLOBAL Gamma Ray Sources MARKET- Competitive Landscape
- Key Strategies Adopted by the Leading Players
- Recent Developments
- Investments & Expansions
- New End-User Launches
- Mergers & Acquisitions
- Agreements, Joint Ventures, and Partnerships
- GLOBAL Gamma Ray Sources MARKET- Company Profiles
- Eckert & Ziegler Strahlen
- Company Overview
- Financial Overview
- Product Offered
- Key Developments
- APC
- Polatom
- Rosatom
- NTP Radioisotopes
- China National Nuclear Corporation
- Eckert & Ziegler Strahlen
- Our Research Methodology
- Data Triangulation
- Data Sources
- Secondary Sources
- Primary Sources
- Assumptions/ Limitations For The Study
- Research & Forecasting Methodology
- Appendix
- Disclaimer
- Contact Us
List Of Tables
- Global Gamma Ray Sources Historic Market Size By Regions (2019 – 2023) (USD Million)
- Global Gamma Ray Sources Forecasted Market Size By Regions (2024-2032) (USD Million)
- Global Gamma Ray Sources Market- Drivers
- Global Gamma Ray Sources Market- Restraint /Challenges
- Global Gamma Ray Sources Market- Opportunity Analysis
- Global Gamma Ray Sources Market Size By Type (2019 – 2032) (USD Million)
- Global Gamma Ray Sources Market Size By Iridium – 192 (2019 – 2032) (USD Million)
- Global Gamma Ray Sources Market Size By Cobalt – 60 (2019 – 2032) (USD Million)
- Global Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Global Gamma Ray Sources Market Size By Applications (2019 – 2032) (USD Million)
- Global Gamma Ray Sources Market Size By Medical (2019 – 2032) (USD Million)
- Global Gamma Ray Sources Market Size By Industrial Radiography (2019 – 2032) (USD Million)
- Global Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Type (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Iridium – 192 (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Cobalt – 60 (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Applications (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Medical (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Industrial Radiography (2019 – 2032) (USD Million)
- North America Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Type (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Iridium – 192 (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Cobalt – 60 (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Applications (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Medical (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Industrial Radiography (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Type (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Iridium – 192 (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Cobalt – 60 (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Applications (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Medical (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Industrial Radiography (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Type (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Iridium – 192 (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Cobalt – 60 (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Applications (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Medical (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Industrial Radiography (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources Market Size By Others (2019 – 2032) (USD Million)
- Data Triangulation
List Of Figures
- Market Highlights
- Market Highlights By Region
- Global Gamma Ray Sources Market Size By Type: 2019 VS 2032
- Global Gamma Ray Sources Market Size by Applications: 2019 VS 2032
- Global Gamma Ray Sources Market Size By Type (2019 – 2032) (USD Million)
- Global Gamma Ray Sources By Iridium – 192 (USD Million 2019 – 2032)
- Global Gamma Ray Sources By Cobalt – 60 (USD Million 2019 – 2032)
- Global Gamma Ray Sources By Others (USD Million 2019 – 2032)
- Global Gamma Ray Sources Market Size By Applications (2019 – 2032) (USD Million)
- Global Gamma Ray Sources By Medical (USD Million 2019 – 2032)
- Global Gamma Ray Sources By Industrial Radiography (USD Million 2019 – 2032)
- Global Gamma Ray Sources By Others (USD Million 2019 – 2032)
- North America Gamma Ray Sources Market Size (2019 – 2032) (USD Million)
- North America Gamma Ray Sources By United States Revenue (USD Million) (2019 – 2032)
- North America Gamma Ray Sources By Canada Revenue (USD Million 2019 – 2032)
- Europe Gamma Ray Sources Market Size (2019 – 2032) (USD Million)
- Europe Gamma Ray Sources By United Kingdom Revenue (USD Million) (2019 – 2032)
- Europe Gamma Ray Sources By Germany Revenue (USD Million 2019 – 2032)
- Europe Gamma Ray Sources By France Revenue (USD Million 2019 – 2032)
- Europe Gamma Ray Sources By Italy Revenue (USD Million 2019 – 2032)
- Europe Gamma Ray Sources By Spain Revenue (USD Million 2019 – 2032)
- Europe Gamma Ray Sources By Rest Of Europe Revenue (USD Million 2019 – 2032)
- Asia Pacific Gamma Ray Sources Market Size (2019 – 2032) (USD Million)
- Asia Pacific Gamma Ray Sources By China Revenue (USD Million) (2019 – 2032)
- Asia Pacific Gamma Ray Sources By Japan Revenue (USD Million 2019 – 2032)
- Asia Pacific Gamma Ray Sources By India Revenue (USD Million 2019 – 2032)
- Asia Pacific Gamma Ray Sources By Rest Of APAC Revenue (USD Million 2019 – 2032)
- Rest Of World Gamma Ray Sources Market Size (2019 – 2032) (USD Million)
- Rest of World Gamma Ray Sources By the Middle East & Africa Revenue (USD Million) ( 2019 – 2032)
- Rest of World Gamma Ray Sources By Latin America Revenue (USD Million 2019 – 2032)
- Rest of World Gamma Ray Sources By Rest Of The World Revenue (USD Million 2019 – 2032)
- Key Strategies Adopted By The Leading Players
- Secondary Sources
- Primary Research
- Global Gamma Ray Sources Market – Research Methodology
Research Methodology
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.
