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Cesium Market to Expand by USD 3.57 Billion from 2024-2028, Driven by Growing Role in Cancer Treatment, AI-Powered Market Evolution- Report by Technavio

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global cesium market size is estimated to grow by USD 3.57 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 2.67% during the forecast period. Growing importance of cesium in cancer treatment is driving market growth, with a trend towards increasing demand for cesium in petroleum extraction. However, availability of substitutes poses a challenge. Key market players include A.B. Enterprises, Absco Ltd., ADVA Optical Networking SE, Albemarle Corp., American Elements, Avalon Advanced Materials Inc., Barentz International BV, Battle Chemicals Co. Ltd., Cabot Corp., EMEC, GFS Chemicals Inc., Global Pharma Chem, Island Pyrochemical Industries Corp., Materion Corp., Merck KGaA, Microchip Technology Inc., Power Metals Corp, ProChem Inc., Schlumberger Ltd., and Thermo Fisher Scientific Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Medical and pharmaceuticals and Oil and gas), Product (Cesium chloride, Cesium Iodide, Cesium hydroxide, and Others), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

Region Covered

North America, APAC, Europe, Middle East and Africa, and South America

Key companies profiled

A.B. Enterprises, Absco Ltd., ADVA Optical Networking SE, Albemarle Corp., American Elements, Avalon Advanced Materials Inc., Barentz International BV, Battle Chemicals Co. Ltd., Cabot Corp., EMEC, GFS Chemicals Inc., Global Pharma Chem, Island Pyrochemical Industries Corp., Materion Corp., Merck KGaA, Microchip Technology Inc., Power Metals Corp, ProChem Inc., Schlumberger Ltd., and Thermo Fisher Scientific Inc.

Key Market Trends Fueling Growth

Cesium is a valuable element in the oil and gas industry, primarily used in petroleum exploration. The aqueous or brine solution of cesium formate is extensively applied as a drilling fluid and drill tip lubricant due to its effectiveness even in high downhole temperature and pressure conditions. Additionally, cesium formate is a suitable completion fluid for oil extraction applications, providing appropriate density and flow characteristics. This versatility increases the demand for cesium in the oil and gas sector, driving the growth of the global cesium market during the forecast period. 

The Cesium market, represented by the symbol Cs and an atomic number of 55, is witnessing significant growth due to its diverse applications in various industries. As an alkali metal, Cesium is found in nature as Rubidium and Potassium minerals like Pollucite and Lepidolite. In petroleum exploration, Cesium compounds are used as drilling fluids and in the production of optical glass. The electronics sector utilizes Cesium for catalytic promoters in vacuum tubes and as a component in atomic clocks. The chemical industry employs Cesium isotopes in medical applications, including cancer treatment and neuroimaging. Regional players like Tanco, Bitika, Sinclair, Case Lake in Ontario produce Technical, Pharmaceutical, and Optical grade Cesium for these industries. The market also includes applications in Cesium lasers, ballistic missiles, and the production of Cesium chloride from Formic acid, making it an essential mineral for numerous industries. 

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Market Challenges

Cesium is a mineral used primarily in specialized applications due to its similarities with other alkali metals like rubidium, potassium, and sodium. While cesium shares these properties, rubidium offers cost advantages and easier extraction, making it a preferred choice for industries such as fireworks, PET production, scanning, medical imaging, and radiography. Furthermore, rubidium, potassium, germanium, selenium, and sodium are more environmentally friendly and are used as photosensitive materials. In addition, sodium-potassium formate brines and zinc-bromide are viable alternatives to cesium formate brine in oil and gas drilling. These factors, including cost efficiency, extraction benefits, environmental friendliness, and handling safety, can significantly impact the growth of the global cesium market during the forecast period.The Cesium market encompasses various applications, including technical, pharmaceutical, and optical grades. Key players include Tanco, Bitoka, Sinclair, Case Lake in Ontario, and regional players. Cesium is used in drilling fluids, optical glass, catalytic promoters, vacuum tubes, and atomic clocks. Applications span from cancer treatment using cesium chloride, neuroimaging with Positron emission, and cesium formate in oil recovery. Challenges include sourcing high-quality cesium, such as Pollucite and Lepidolite, and managing microeconomic factors. The market’s financial position is influenced by growth strategies, with demand from the web, cellular devices, and industries like defense (cesium lasers, ballistic missiles) continuing to drive growth. Essential minerals like cesium are integral to diverse industries, making market dynamics complex for decision-makers.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This cesium market report extensively covers market segmentation by

End-user 1.1 Medical and pharmaceuticals1.2 Oil and gasProduct 2.1 Cesium chloride2.2 Cesium Iodide2.3 Cesium hydroxide2.4 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Medical and pharmaceuticals- Cesium is a leading market player in the geospatial technology industry. Our innovative solutions enable businesses to visualize, analyze, and manage geospatial data in 3D. We provide tools for creating, sharing, and streaming 3D globally accessible maps. Our clients include industries such as construction, energy, transportation, and government. Cesium’s flexible and scalable platform supports various data formats and integrates with popular GIS systems. Our goal is to help businesses make informed decisions through geospatial insights.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

Cesium, represented by the symbol Cs and atomic number 55, is an alkali metal with a silver-gold luster and rubidium-like properties. It is a valuable element in various industries due to its unique characteristics. In petroleum exploration, cesium compounds are used as tracers for detecting oil and gas reservoirs. In electronics, cesium is used in vacuum tubes and as a catalytic promoter. The medical sector utilizes cesium isotopes for cancer treatment and in the production of atomic clocks and cesium clocks for precise timekeeping. The chemical industry employs cesium compounds in optical glass production and petrochemical processing. Cesium chloride is used in neuroimaging for positron emission tomography (PET) scans. In the technology sector, cesium formate and formic acid are used in drilling fluids for improved drilling performance. The global cesium market is expected to grow due to its diverse applications in various sectors, including the web, cellular devices, and the radioactive nature of its isotopes.

Market Research Overview

Cesium, with the atomic number 55 and the alkali metal property, is represented by the symbol Cs. Widely used in various industries, cesium is known for its radioactive nature and the presence of several isotopes. In petroleum exploration, cesium compounds like cesium formate and formic acid are utilized as drilling fluids. The chemical sector employs cesium in the production of optical glass and as a catalytic promoter in vacuum tubes. The medical sector benefits from cesium’s use in cancer treatment, neuroimaging, and positron emission tomography. Regional players mine cesium from minerals like pollucite and lepidolite, found in areas such as Tanco in Canada and Bitika in Rwanda. The cesium market encompasses technical, pharmaceutical, and optical-grade products, with applications ranging from atomic clocks and cesium lasers to ballistic missiles and cellular devices. Microeconomic factors and the financial position of key decision-makers significantly impact the growth strategies of companies in this market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userMedical And PharmaceuticalsOil And GasProductCesium ChlorideCesium IodideCesium HydroxideOthersGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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/

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SOURCE Technavio

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NUH WINS GOLD AT IHF AWARDS 2026 FOR GREEN OPERATING THEATRE PROGRAMME

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 NUH won Gold and received an Honourable Mention for its sustainability efforts at the International Hospital Federation Awards 2026, alongside presentations of its green surgical initiatives, digital health and organisational improvement initiatives at the World Hospital Congress.

SINGAPORE, Oct. 21, 2026 /PRNewswire/ — The National University Hospital (NUH) has won the Gold Award (Low Carbon Healthcare) for its Green Operating Theatre programme at the International Hospital Federation (IHF) Awards 2026. The hospital also received an Honourable Mention (Hospital Sustainability Acceleration) for its system-wide approach to embedding sustainability across healthcare delivery and hospital operations.

The awards were presented at the 49th World Hospital Congress in Seoul, where NUH is also sharing other initiatives in environmental sustainability, digital health and organisational improvement.

Professor Aymeric Lim, Chief Executive Officer of NUH, said: “Healthcare must become more sustainable without compromising patient care. Our teams have shown that simple, practical changes on the ground, from the way we run our operating theatres to how we use resources, can make a real difference. This recognition belongs to the multi-disciplinary teams and partners who turned ideas into everyday practice, and who continue to improve how we care for our patients.”

Advancing low-carbon healthcare by reducing the environmental impact of surgical care

NUH’s Green Operating Theatre (OT) programme began with efforts to reduce the use of high-carbon anaesthetic gases. What started as a targeted decarbonisation initiative has since grown into a hospital-wide programme that brings together clinicians, nurses, operations teams and facilities staff to drive sustainability across surgical practices, resource use, waste management and energy management.

The programme has achieved a 99 per cent reduction in the use of desflurane, a high-carbon anaesthetic gas, and delivered annual energy savings of about 660,000 kWh by optimising operating theatre ventilation during non-operating hours.

Surgical teams redesigned instrument sets used for high-volume knee replacement procedures to better reflect routine requirements, reducing emissions by almost 10,000 kg CO2e annually while also cutting water use and sterilisation workload. Efforts have also been made to reduce unnecessary consumables and expand medical recycling streams.

Collectively, these initiatives have generated valuable insights that NUH has actively shared through inter-cluster platforms and collaborations, helping to inform the adoption of low-carbon practices across Singapore’s public healthcare system.

Embedding sustainability into everyday healthcare delivery

NUH received an Honourable Mention for its organisation-wide approach to embedding sustainability into hospital planning and operations.

Guided by the IHF Sustainability Accelerator Tool, NUH integrated sustainability into leadership oversight, strategic planning and everyday decision-making, strengthening efforts in Appropriate Value-based Care, virtual care, procurement, workforce engagement and environmental stewardship.

This system-wide approach to advancing a sustainable healthcare system has been recognised internationally. In 2025, NUH became the first hospital worldwide to receive the Joint Commission International-Geneva Sustainability Centre’s Healthcare Sustainability Certification. This year, it was the only hospital in Singapore to be accorded the highest 5-Leaf distinction in Newsweek-Statista’s World’s Greenest Hospitals index.

A new model of rehabilitation care

Recognised as one of the top three healthcare innovations selected for the International Hospital Federation’s i-to-i Innovation Hub Awards 2026, the NUH Virtual Rehabilitation Centre (VRC) is helping to extend rehabilitation beyond hospital walls.

Developed as a virtual-first rehabilitation ecosystem, the VRC combines personalised patient education, self-management tools, AI-enabled telerehabilitation, remote monitoring and digital rehabilitation pathways to support patients throughout their recovery journey. By enabling rehabilitation to continue beyond traditional clinic visits, the VRC improves access to care, strengthens patient participation in recovery and allows therapists to focus their attention on patients with more complex rehabilitation needs. The digital home exercise programme, for instance, supports around 2,000 patients and records about 21,000 logins each month, freeing up the equivalent of 66 physiotherapist workdays annually for direct patient care.

The innovation demonstrates how technology can be used not simply to digitise existing services, but to transform how rehabilitation is delivered at scale.

Helping doctors work smarter with electronic medical records

NUH also presented results from its Great Epic Transformation (GET) programme at the 49th World Hospital Congress in Seoul. The hospital-wide programme trained specialist doctors to personalise their Epic electronic medical record (EMR) workflows, using customised note templates, order sets and shortcuts to work more efficiently.

Nine months after training, participating doctors spent 10.2 per cent less time in the EMR each day, equivalent to more than 33 hours saved per doctor annually, while time spent placing orders fell by 26.5 per cent. Twelve of 13 efficiency measures improved across both medical and surgical specialties. Based on annual estimates, the overall efficiency gains are valued at more than S$91 million a year.

The programme is being extended to allied health professionals and pharmacists across NUHS, with a target of reaching more than 2,000 healthcare professionals by the end of 2026.

About the National University Hospital (NUH)­

The National University Hospital (NUH) is Singapore’s university hospital. While the hospital at Kent Ridge first received its patients on 24 June 1985, our legacy started from 1905, the date of the founding of what is today the NUS Yong Loo Lin School of Medicine. NUH is the principal teaching hospital of the medical school.

Our unique identity as a university hospital is a key attraction for healthcare professionals who aspire to do more than practise tertiary medical care. We offer an environment where research and teaching are an integral part of medicine, and continue to shape medicine and transform care for the community we care for.

We are an academic medical centre with over 1,200 beds, serving more than one million patients a year with over 50 medical, surgical and dental specialties. NUH is the only public and not-for-profit hospital in Singapore to provide trusted care for adults, women and children under one roof, including the only paediatric kidney and liver transplant programme in the country.

The NUH is a key member of the National University Health System (NUHS), one of three public healthcare clusters in Singapore. For more information, visit www.nuh.com.sg

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SOURCE National University Hospital (NUH)

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NEXCOM NGFW platforms secure growing traffic across modern academic networks

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TAIPEI, Oct. 21, 2026 /PRNewswire/ — NEXCOM, a leading supplier of network appliances, is helping academic institutions strengthen network security as digital learning expands across cloud platforms, AI-powered tools, remote access, and connected campus services.

As educational environments become more distributed, academic networks must support growing traffic and diverse connections while protecting sensitive data and maintaining reliable access to learning resources. NEXCOM’s Next-Generation Firewall (NGFW) platforms provide a centralized security layer for inspecting and controlling traffic across campus and remote environments.

Learn more about securing digital learning environments in the joint case study.

Centralized Security for Digital Learning

On campus, NGFW platforms can inspect traffic between academic networks and external resources as students and faculty access learning platforms and web services. For remote users, secure VPN connectivity supports authorized access to internal resources while enabling centralized security policies.

“Every new digital service in education adds value for students and educators, but it also adds traffic, connections, and another layer of security responsibility,” says Allan Chiu, VP of Networking and Communication Solutions at NEXCOM. “The challenge is making sure security keeps pace without slowing down the learning experience. NEXCOM’s NGFW platforms provide the performance and scalability needed to secure modern, highly distributed academic networks.”

Scalable Platforms for Network Security

NEXCOM’s portfolio provides scalable platforms for firewall, edge security, secure remote access, and demanding network security workloads. Key platforms include:

NSA 7160R: A 2U high-performance security platform powered by dual Intel® Xeon® Scalable processors, with eight PCIe 5.0 expansion slots and throughput of up to 1.6 Tbps.FTA 5190: A compact 1U edge server powered by Intel Xeon 6 SoC technology, designed for reliable connectivity and security at the network edge.

About NEXCOM

Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM is shaping the future of AI-powered networking with its software-defined solutions. Through its Network and Communication Solutions (NCS) unit, NEXCOM delivers cutting-edge platforms for Cybersecurity, OT Security, SD-WAN, SASE, Load Balancing, 5G uCPE, edge AI, and more. NCS specializes in professional design and manufacturing services, enabling reliable and scalable network infrastructures for businesses of all sizes. With a focus on innovation, NEXCOM’s solutions empower customers worldwide to build resilient, high-performance networks tailored to the demands of tomorrow’s connectivity challenges.

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SOURCE NEXCOM International Co., Ltd.

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Forrester’s 2027 B2B Go-To-Market Predictions: AI Agents Will Influence 75% Of B2B Purchase Decisions

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To remain competitive, providers must strengthen customer trust, substantiate value claims, and offer human expertise and guidance

SINGAPORE, Oct. 22, 2026 /PRNewswire/ — According to Forrester’s (Nasdaq: FORR) 2027 B2B go-to-market predictions, business buyers will increasingly deploy AI agents to handle tasks across the buying process, from supplier discovery and information gathering to contract-renewal analysis. While truly autonomous buying will remain concentrated in high-volume, low-risk, and repeatable purchases, the ubiquity of these agents will require providers to ensure that their systems and sellers can respond with speed, accuracy, and consistency.

Forrester’s B2B Predictions reports, covering topics including B2B go-to-market strategy, business buyers, and content and creative, offer forward-looking insights to help executives and their teams anticipate change, reduce uncertainty, and make confident decisions ahead of market shifts. Key highlights from the 2027 B2B go-to-market predictions include:

Buyers will double their human interactions to validate AI-generated recommendations. As AI becomes the primary interface for researching products and providers, buyers will encounter more AI-generated recommendations, synthetic content, automated outreach, and agent-mediated interactions. Since AI cannot fully judge service provider fit, feasibility, trust, or accountability, buyers will require conversations with provider teams and trusted third parties including analysts, customer references, and partners to confirm and validate buying decisions.Two-thirds of providers will lose deals because buyers cannot verify claims. Buyers already use AI-assisted search and analysis tools to gather information about products and vendors, synthesize provider claims, and fact check. As the reliance on these capabilities continue to advance, go-to-market teams will need to act fast to restructure content discovery for AI tools, including providing credible and consistent proof points that AI tools can index and validate.Most CMOs will cut programs or accept reduced capacity after overestimating AI gains. As pressure intensifies to reduce personnel costs with AI, marketing leaders will eliminate as many as 25% of roles in anticipation of productivity gains that fail to meet expectations. As a result, they will have to choose between cutting program budgets to restore capacity through rehiring, contractors, or agency support or accept reduced execution with a smaller team. In either case, lower campaign investment, weaker execution, or both will reduce marketing’s overall value contribution.

“In 2027, the defining challenge for B2B go-to-market leaders will be to make deliberate choices about what to automate and where human judgment still matters,” said Sharyn Leaver, chief research officer at Forrester. “As AI becomes ubiquitous across the buying process, B2B leaders that pair AI-driven speed and convenience with transparency, control, and trust will extract the most value from AI.”

Resources:

Download Forrester’s 2027 Predictions guide for B2B go-to-market.Register for Forrester’s webinar exploring the key trends reshaping B2B go-to-market strategies in 2027.Learn how to turn these predictions into action through Forrester’s global B2B events and research programs.

About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We empower leaders in technology, customer experience, digital, marketing, revenue, and product functions to make confident decisions in an AI-driven world and accelerate growth through customer obsession. Our unique research and continuous guidance model helps executives and their teams achieve their initiatives and outcomes faster and with confidence. To learn more, visit Forrester.com.

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SOURCE Forrester

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