Global Cobalt-60 Market Strategic Research Report

Scope of the Report

The global Cobalt-60 market size is predicted to grow from US$ 349 million in 2025 to US$ 502 million in 2032; it is expected to grow at a CAGR of 5.4% from 2026 to 2032.

Cobalt-60 is a radioactive isotope of cobalt, with a half-life of about 5.27 years. It's produced artificially by bombarding natural cobalt-59 with neutrons in a nuclear reactor. Cobalt-60 is widely used in various applications, including medical, industrial, and scientific fields. In medicine, it's utilized in radiotherapy to treat cancer, as it emits high-energy gamma rays that can destroy cancer cells. In industry, it's employed for sterilization of medical equipment and food irradiation to extend shelf life and kill bacteria. However, its radioactive nature requires careful handling and disposal to prevent harm to human health and the environment.

Global key players of Cobalt-60 include Nordion, China National Nuclear Corporation, Rosatom, Eckert & Ziegler Strahlen, Polatom, etc. The top five players hold a share about 85%. North America is the world's largest market for Cobalt-60 and holds a share about 45%, followed by Europe and China, with share about 26% and 16%, separately. In terms of product type, Low Specific Activity is the largest segment, accounting for a share about 69%. In terms of application, Industrial is the largest field with a share about 65 percent.

This report presents a comprehensive overview of the global Cobalt-60 market, covering market size and forecast, segmentation by product type and application, competitive landscape, leading players and regional and country-level outlook.

Segment by Type

• Low Specific Activity
• High Specific Activity

Segment by Application

• Medical Application
• Industrial Application
• Others

Who Can Use This Report?

This report is written for decision-makers who need a clear, data-backed view of the global Cobalt-60 market:

• Manufacturers, suppliers and solution providers benchmarking their position and planning product, capacity and go-to-market strategy
• Distributors, channel partners and end users in Medical Application, Industrial Application, Others evaluating demand and sourcing options
• Investors, financial analysts and consultants assessing growth opportunities, competitive dynamics and M&A potential
• Government agencies, industry associations and research institutions tracking industry developments and policy impact