Scintillator Market worth $479.16 Million by 2020


Posted August 4, 2016 by Rajesh

The scintillators market is undergoing a significant transformation, with the changing landscape of healthcare, nuclear power plants, homeland security and defense, and manufacturing industries.

 
The scintillators market is undergoing a significant transformation, with the changing landscape of healthcare, nuclear power plants, homeland security and defense, and manufacturing industries. The growth of this market is majorly influenced by the dynamics of these industries. Huge R&D investments and government funding in new scintillator discoveries are driving the growth of the overall scintillator market, globally. Rising demand for new radiological medical applications and increasing investments for radiation monitoring in homeland security are some of the drivers which are driving this market.

In this report, the scintillator market is segmented on the basis of its chemical composition into inorganic and organic scintillators. Sodium iodide scintillators are the most popular inorganic scintillators since they possess— the highest coefficient of conversion of ionizing radiation into light energy, a convenient emission range, ability to produce large size crystals, and are available at low prices with respect to other scintillation materials. The segmentation based on the end product is classified as pocket size or personal devices, hand-held devices; and large size, fixed and installed systems.

The Scintillator market is expected to reach $479.16 Million by 2020, at an estimated CAGR of 5.62% from 2014 to 2020.

The report covers the geographical segmentation of the scintillator market as Americas, Europe, APAC, and Rest of the World (RoW). Among all these regions, Americas is estimated to dominate the market owing to the growing security concerns and increasing nuclear threats or nuclear terrorism in the country. The medical imaging application will also create a boom in Europe, which will impact the revenue generation in the country with respect to scintillators. However, in the near future, it is expected that the APAC market will grow at a considerable rate.

Some of the major players in this market include: Canberra Industries Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Hitachi Metals Ltd. (Japan), Ludlum Measurements Inc. (U.S.), Mirion Technologies Inc. (U.S.), Radiation Monitoring Devices (U.S.), Saint Gobain (France), and Zecotek Photonics (Canada), among others.

Scope of the report
This research report categorizes the scintillator market on the basis of its various applications, material composition, end products, and geography; it also covers the revenue foretold from 2013 to 2020. It describes the demand of scintillators in various regions. The report describes the application mapping in the scintillators market with respect to the growth potential.

On the basis of the composition of materials
The composition of scintillator materials described in this report is segmented into organic and inorganic materials. The ‘inorganic scintillators hold the future prospect of the market.

On the basis of the applications
Scintillators are used for various applications such as in the healthcare industry; for homeland security, defense, nuclear power plants; and industrial and research sectors.

On the basis of the end products
In this research report, the scintillator market is segregated into different end products such as pocket size, hand- held instruments, and fixed or installed systems.

On the basis of the geographical regions

Geographical analysis covers Americas, Europe, Asia-Pacific, and ROW. In accordance with this report, the Americas, currently, leads the scintillator market, and the APAC region is the fastest growing market.
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Last Updated August 4, 2016