Global Cesium Market 2020-2024 | Growing Importance of Cesium in Cancer Treatment to Boost Growth | Technavio

Technavio has announced its latest market research report titled Global Cesium Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The global cesium market is expected to grow by 1.66 thousand MT during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

Cesium chloride is widely used in medical imaging, cancer therapy, and positron emission tomography (PET) in the medical and healthcare industry. This is because cesium destroys the enzyme system of cancer cells and hinders their reproductive ability. Many cancer patients prefer safe medical treatments that use cesium isotopes. This is expected to drive the growth of the global cesium market during the forecast period.

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As per Technavio, the growing importance of cesium compounds will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Cesium Market: Growing Importance of Cesium Compounds

Cesium compounds such as halides, complexes, cesium salts, and isotopes are commonly used in numerous applications. For instance, cesium isotopes are extensively used in the treatment of cancer and other medical imaging applications. Similarly, cesium salts and halides are increasingly being used in chemical synthesis, medical use, petroleum exploration, electric power generation, and nuclear applications. The increasing use of cesium compounds in existing and emerging applications is expected to boost the growth of the global cesium market during the forecast period.

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Cesium Market: Segmentation Analysis

This market research report segments the cesium market by Product (cesium chloride, cesium iodide, cesium hydroxide, and others), and Geographic segmentation(APAC, Europe, MEA, North America, and South America).

The North America region led the cesium market in 2019, followed by Europe, APAC, MEA, and South America. During the forecast period, North America is expected to register the highest incremental growth. This is due to the increasing use of cesium in varied applications, such as nuclear medicine, analytical chemistry, and electric power generation in the region.

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Some of the key topics covered in the report include:

Product

  • Cesium chloride
  • Cesium iodide
  • Cesium hydroxide
  • Others

Geographic Segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The global cesium market is expected to grow by 1.66 thousand MT during 2020-2024, according to Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/