Top 15 Companies in Industrial Radioactive Sources Market: Statistics Report Till 2035
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Industrial Radioactive Sources Market Size is projected to Grow from USD 1.33 Billion in 2024 to USD 3.45 Billion by 2035, at a CAGR of 9.05% during the forecast period 2025–2035. The expansion in this market is mainly fueled by the increasing use of radioactive sources in different sectors like healthcare, oil & gas, and manufacturing for purposes spanning from diagnostics to quality assurance.
Introduction
The Global Industrial Radioactive Sources Market Size refers to the sector of the radiation industry dedicated to the manufacturing, distribution, and utilization of radioactive substances for industrial purposes. The progress in medical technologies and the growing incidence of chronic illnesses like cancer have greatly heightened the need for accurate diagnostic and treatment techniques, consequently driving the demand for radioactive materials. Additionally, the creation of novel radioisotopes that provide enhanced imaging and treatment results has driven further expansion in this field. With the increasing global demand for oil and gas, the push for efficient and economical exploration and production methods has intensified, thus boosting the need for radioactive sources. Moreover, the increasing investments in unconventional oil and gas resources, like shale gas, have also boosted market expansion.
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Industrial Radioactive Sources Market Size & Statistics
- The Market Size for Industrial Radioactive Sources Was Estimated to be worth USD 1.33 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 9.05% between 2025 and 2035.
- The Global Industrial Radioactive Sources Market Size is anticipated to reach USD 3.45 Billion by 2035.
- Asia Pacific is anticipated to generate the highest demand during the forecast period in the industrial radioactive sources market.
- North America is projected to grow the fastest during the forecast period in the industrial radioactive sources market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the industrial radioactive sources market.
The existence of established industry competitors and sophisticated healthcare infrastructure also aids in the growth of the regional market. The United States, specifically, is a significant market because of its wide application of radioactive sources in medical imaging, cancer therapy, and well logging. The area s significant emphasis on research and development efforts, along with access to advanced technologies, is anticipated to uphold its market leadership throughout the forecast period.
Asia Pacific is expected to generate the highest demand during the forecast period in the industrial radioactive sources market.
The swift industrial growth, expanding healthcare systems, and rising investments in oil and gas exploration efforts. Nations such as China, India, and Japan represent significant markets in the area, fueled by their growing industrial sector and increasing need for sophisticated medical imaging and treatment methods. The growing emphasis on sustainable farming methods and food safety is anticipated to raise the need for radioactive sources in this continent.
Top 10 Trends in the Industrial Radioactive Sources Market
- Shift Towards Enhanced Safety and Security
- Growth of Non-Destructive Testing (NDT)
- Digitalization and Real-Time Monitoring
- Increasing Demand for Sterilization and Irradiation
- Emergence of Alternative Technologies
- Focus on Waste Management and Sustainable Practices
- Development of Safer Radiopharmaceuticals
- Strategic Partnerships and Acquisitions
- Customization and Application Specific Solutions
- Rise of emerging markets
1. Shift Towards Enhanced Safety and Security
Given the inherent dangers, there is a significant and increasing focus on creating safer and more secure radioactive sources. This involves enhanced encapsulation methods, superior containment systems, and stronger management practices.
2. Digitalization and Real-Time Monitoring
The incorporation of digital technologies is reshaping the market. This encompasses the implementation of digital radiography, substituting conventional film, along with the utilization of real-time monitoring and IoT (Internet of Things) for remote tracking and management of assets. This not only boosts efficiency but also greatly enhances safety and adherence to regulations.
3. Focus on Waste Management and Sustainable Practices
The complete lifespan of a radioactive source, from creation to disposal, is being examined closely. A rising trend is emerging towards creating more effective and sustainable waste management systems, incorporating enhanced recycling and disposal methods to lessen environmental effects and lower expenses.
4. Development of Safer Radiopharmaceuticals
Within the medical sector, which is closely associated with the industrial sources market, there is a significant tendency to innovate new radiopharmaceuticals for both diagnostic purposes (e.g., Technetium-99m) and therapeutic uses (e.g., therapeutic alpha emitters). This is fostering advancements in both manufacturing techniques and supply chain management.
5. Strategic Partnerships and Acquisitions
Major market players are forming strategic alliances, partnerships, and acquiring businesses to enhance their market position, broaden their product offerings, and reinforce their supply chains.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the industrial radioactive sources market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Industrial Radioactive Sources Market
- Thermo Fisher Scientific Inc.
- Eckert & Ziegler Strahlen- und Medizintechnik AG
- QSA Global, Inc.
- Nordion (Canada) Inc.
- Mirion Technologies, Inc.
- PerkinElmer, Inc.
- Berthold Technologies GmbH & Co. KG
- Hopewell Designs, Inc.
- Radiation Safety & Control Services, Inc.
- Alpha-Omega Services, Inc.
- Polatom
- NTP Radioisotopes SOC Ltd.
- China Isotope & Radiation Corporation
- Cambridge Isotope Laboratories, Inc.
- International Isotopes Inc.
1. Thermo Fisher Scientific Inc.
Headquarters: Waltham, Massachusetts, USA
Thermo Fisher Scientific Inc. is a key entity in the industrial and applied sciences sector, and although they are not chiefly recognized for producing radioactive sources such as Cobalt-60 or Iridium-192, it plays an important role in supplying the instrumentation, equipment, and services that utilize and oversee these sources. Thermo Fisher Scientific is a major supplier of tools for NDT, especially in the area of X-ray and elemental analysis. Although X-ray sources are not radioactive in the conventional way (since they can be operated intermittently), they serve as a direct competitor and alternative technology in numerous industrial uses. The firm offers industrial X-ray sources for uses such as examining batteries, welds, and additional.
2. QSA Global, Inc.
Headquarters: Burlington, Massachusetts, USA
QSA Global, Inc. is a leading and highly specialized firm in the market for industrial radioactive sources. In contrast to Thermo Fisher Scientific, which emphasizes instrumentation, QSA Global, Inc.'s primary focus is on the production, provision, and oversight of the radioactive sources, along with the associated equipment and services. QSA Global, Inc. is a comprehensive service provider that backs the complete lifecycle of industrial radioactive sources, which is an essential component of the industry. They offer more than just a product; they deliver a comprehensive solution that encompasses the radioactive materials, the necessary equipment for their use, and the essential services needed for their safe management and disposal.
3. Nordion (Canada) Inc.
Headquarters: Ontario, Canada
Nordion (Canada) Inc. is a top player in the market for industrial radioactive sources, focusing on Cobalt-60 and its uses. They are essential to global health by delivering the crucial isotope needed for sterilizing medical instruments and guaranteeing food safety, as well as offering the vital infrastructure, equipment, and services to back the entire gamma processing sector. QSA Global, engaged with various isotopes for NDT, has Cobalt-60 as the main focus of Nordion. They rank among the largest suppliers of this isotope globally, essential for numerous industrial uses. An important instance is their collaboration with the Board of Radiation and Isotope Technology (BRIT) in India to deliver Co-60 produced in India to worldwide markets. This partnership utilizes India's knowledge of Pressurized Heavy Water Reactors (PHWRs) along with Nordion's worldwide logistics network to satisfy increasing demand.
4. Mirion Technologies, Inc.
Headquarters: Atlanta, USA
Mirion Technologies, Inc. is a significant participant in the industrial radioactive sources sector, yet its function differs from that of firms such as QSA Global and Nordion. Rather than producing the radioactive sources directly, Mirion is a prominent supplier of the instruments, systems, and services necessary for the safe and secure utilization of these sources. They enable the secure application of radioisotopes by providing an extensive range of advanced instruments, software, and services, positioning them as an essential ally for any sector dealing with ionizing radiation. Mirion's offerings are intended to assist sectors utilizing radioactive sources, including nuclear energy, manufacturing, and oil & gas, in adhering to strict safety and regulatory requirements
5. PerkinElmer, Inc.
Headquarters: Shelton, USA
PerkinElmer's position in the industrial radioactive sources market is not that of a provider for the high activity sources utilized in applications such as radiography (e.g., Iridium-192) or sterilization (e.g., Cobalt-60). Rather, they play an essential role by supplying specialized radiochemicals for research and advanced instrumentation for detecting, measuring, and safely managing radioactive materials in industrial, environmental, and research environments. The recent strategic divestiture by the company has sharpened its focus, with a significant portion of the industrial business now belonging to the new entity. They manufacture and market a diverse range of labeled compounds utilizing radioisotopes such as Carbon-14 (USD14C), Tritium(3H), Sulfur−35(35S), and Phosphorus−32(32USD). These sources are not for industrial radiography, yet they play an essential role in monitoring biological and chemical processes in a lab environment.
Are you ready to discover more about the industrial radioactive sources market?
The report provides an in-depth analysis of the leading companies operating in the global industrial radioactive sources market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Thermo Fisher Scientific Inc.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Eckert & Ziegler Strahlen- und Medizintechnik AG
- QSA Global, Inc.
- Nordion (Canada) Inc.
- Mirion Technologies, Inc.
- PerkinElmer, Inc.
- Berthold Technologies GmbH & Co. KG
- Hopewell Designs, Inc.
- Radiation Safety & Control Services, Inc.
- Alpha-Omega Services, Inc.
- Polatom
- NTP Radioisotopes SOC Ltd.
- China Isotope & Radiation Corporation
- Cambridge Isotope Laboratories, Inc.
- International Isotopes Inc.
- Others
Conclusion
The industrial radioactive sources market is set for significant growth, expected to more than double in size by 2035, driven by improvements in healthcare diagnostics, increasing oil & gas exploration, and growing manufacturing uses. Prominent global firms, such as Thermo Fisher Scientific Inc., Eckert & Ziegler Strahlen- und Medizintechnik AG, QSA Global, Inc., Nordion (Canada) Inc., Mirion Technologies, Inc., PerkinElmer, Inc., Berthold Technologies GmbH & Co. KG, Hopewell Designs, Radiation Safety & Control Services, Alpha-Omega Services, Polatom, NTP Radioisotopes SOC Ltd., China Isotope & Radiation Corporation, Cambridge Isotope Laboratories, and International Isotopes Inc., are establishing industry benchmarks through innovation, quality, and adherence to regulations. The industry's competitive environment features vertical integration, collaborations, and ongoing advancements in safer, more effective isotopes and source management technologies. Asia Pacific is at the forefront of demand driven by industrial growth and healthcare funding, while North America experiences swift growth through premium medical and industrial applications, these companies are primed to capitalize on prospects in an evolving global market.
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