According to our (Global Info Research) latest study, the global Medical-grade Cobalt-60 market size was valued at US$ 100 million in 2025 and is forecast to a readjusted size of US$ 139 million by 2032 with a CAGR of 4.9% during review period.
Medical-grade Cobalt-60 is a high-purity, radioisotopic source produced through the neutron activation of stable Cobalt-59 in a nuclear reactor. It is specifically refined for use in medical radiotherapy equipment, such as Gamma Knives and teletherapy units. To be classified as "medical-grade," the source must meet stringent international standards regarding its specific activity, isotopic purity (minimizing contaminants like Cobalt-58), and physical dimensions, ensuring a high, consistent dose rate of gamma radiation required for the precise destruction of malignant tumors and neurological lesions.
In 2025, global Medical-grade Cobalt-60 production reached approximately 3.7 million Curie, average price was 26.14 USD/Curie, with gross margin 40%
Medical-grade Cobalt-60 is a high-activity gamma-emitting isotope primarily used in radiotherapy systems such as Gamma Knife and stereotactic radiosurgery. Compared to industrial-grade Co-60, medical-grade material requires stricter purity control, higher regulatory compliance, and more precise encapsulation standards due to its direct use in clinical treatment environments. The market is highly concentrated and tightly regulated, with supply controlled by a small number of nuclear reactor operators in countries such as Canada, Russia, and China. Production depends on neutron activation of Co-59 in nuclear reactors, creating significant entry barriers and limited supply elasticity. Demand is structurally driven by global cancer incidence growth and expanding radiotherapy adoption in emerging markets. While linear accelerators (LINACs) have partially displaced Co-60 in developed countries, cobalt-based radiotherapy systems remain cost-effective and operationally simpler in developing regions. As a result, Co-60 continues to maintain a stable demand base with long replacement cycles. Supply dynamics are constrained by reactor availability, irradiation scheduling, and nuclear regulatory frameworks. Given the 5.27-year half-life, continuous replenishment is required, resulting in a “rolling supply model” rather than one-off production cycles, which supports structurally stable to tightening pricing conditions over the long term. Overall, the Medical-grade Cobalt-60 market is characterized by high barriers, oligopolistic supply, stable demand growth, and long-cycle nuclear infrastructure dependence.
This report is a detailed and comprehensive analysis for global Medical-grade Cobalt-60 market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Medical-grade Cobalt-60 market size and forecasts, in consumption value ($ Million), sales quantity (Curie), and average selling prices (US$/Curie), 2021-2032
Global Medical-grade Cobalt-60 market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Curie), and average selling prices (US$/Curie), 2021-2032
Global Medical-grade Cobalt-60 market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Curie), and average selling prices (US$/Curie), 2021-2032
Global Medical-grade Cobalt-60 market shares of main players, shipments in revenue ($ Million), sales quantity (Curie), and ASP (US$/Curie), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Medical-grade Cobalt-60
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Medical-grade Cobalt-60 market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Nordion, China National Nuclear Corporation, Rosatom, Eckert & Ziegler Strahlen, Polatom, NTP, DIOXITEK, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Medical-grade Cobalt-60 market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
High Specific Activity Cobalt-60
Low Specific Activity Cobalt-60
Market segment by Source Form
Sealed Source
Source Module
Market segment by End User
Source for Gamma Knife
Source for Cobalt Radiotherapy System
Other
Market segment by Application
Medical Devices
Medical Radiotherapy
Others
Major players covered
Nordion
China National Nuclear Corporation
Rosatom
Eckert & Ziegler Strahlen
Polatom
NTP
DIOXITEK
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Medical-grade Cobalt-60 product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Medical-grade Cobalt-60, with price, sales quantity, revenue, and global market share of Medical-grade Cobalt-60 from 2021 to 2026.
Chapter 3, the Medical-grade Cobalt-60 competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Medical-grade Cobalt-60 breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Medical-grade Cobalt-60 market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Medical-grade Cobalt-60.
Chapter 14 and 15, to describe Medical-grade Cobalt-60 sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Medical-grade Cobalt-60. Industry analysis & Market Report on Medical-grade Cobalt-60 is a syndicated market report, published as Global Medical-grade Cobalt-60 Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Medical-grade Cobalt-60 market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.