Xenon-129 (Xe-129) is a stable xenon isotope with an abundance of approximately 26.4%, making it the second most abundant isotope of the natural xenon element. Xenon is a colorless, tasteless, and odorless gas with an atomic number of 54. It cannot burn or support combustion, and it can absorb X-rays. Xenon-129 has some special physical and chemical properties that make it valuable in certain fields. In the medical field, the hyperpolarized 129Xe isotope is easier to detect in magnetic resonance imaging machines and is therefore used to study various organs, including the lungs, such as the flow of gas within the lungs. In addition, xenon-129 is also used to fill photocells, flash lamps, and as a deep anesthetic (brain photography).
- Global Xenon-129 Market Size (US$ Million), 2019-2030
Source: QYResearch, "Xenon-129- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to the new market research report “Xenon-129- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Xenon-129 market size is projected to reach USD 0.05 billion by 2030, at a CAGR of 8.7% during the forecast period.
- Global Xenon-129 Top 10 Players RankingandMarket Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Xenon-129- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Xenon-129 include Rosatom, Neonest AB(Buyisotope), Cambridge Isotope Laboratories, CortecNet, Chengdu Taiyu Industrial Gas Co., Ltd., etc. In 2023, the global top four players had a share approximately 66.0% in terms of revenue.
Rosatom is the largest company in the world, accounting for 23.52%, followed by Neonest AB(Buyisotope), accounting for 15.35%.
Market Drivers:
D1: Xenon-129 MRI technology is a lung imaging technology that can provide doctors with clearer and more scientific image judgments, and is helpful for the diagnosis and treatment of early lung diseases and the observation of changes in lung function.
D2: Because xenon-129 has unique nuclear properties, its hyperpolarized state can last longer, making xenon-129 more valuable in research in fields such as nuclear magnetic resonance.
Challenge:
C1: The extraction and purification process of xenon-129 is relatively complex and costly. Separating xenon-129 from xenon gas requires special technology and equipment, which increases the difficulty and cost of its production.
C2: Although xenon-129 has unique value in scientific research and certain specific applications, its range of applications may be relatively limited. Therefore, market demand is insufficient to support large-scale commercial production.
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About The Authors
| Sang Yehan - Lead Author | |
| Email: sangyehan@qyresearch.com | |
| Sang Yehan is a technology & market analyst specializing in machinery equipment, chemical materials and medical devices. Sang has 2 years of experience in market research, focusing on medical products (such as Intracardiac Echocardiography, CADCAM Dental Restorative Materials, Self-adhesive Elastic Bandage, Medical Surgical Film, Transparent Film Dressings, Medical Surgical Film， Blood and IV Fluid Infusion Warmer, etc.) and Chemical materials (such as Helium 3, Lepidolite, Bio-based 1,3-propanediol, etc.).She is engaged in the development of technology and market reports and is also involved in custom projects. |
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