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:
- Cesium chloride
- Cesium iodide
- Cesium hydroxide
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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