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Global Inorganic Scintillators Market Forecast 2019-2027

The inorganic scintillators are widely used nowadays for detecting ionizing radiation, applied especially in the nuclear reactor industry. They have furthermore proficient application in the studies of high-energy physics, medical diagnostics and materials science. They are produced under very high temperatures and are composed of alkali halides or oxides. The global inorganic scintillators market is predicted to rise with a CAGR of 5.28% over the forecast period of 2019-2027. The rise in the use of PET/CT scans in medical diagnosis, higher safety requirements after various nuclear power plant accidents & disasters and the growing occurrence of cancer are the dominant drivers of the global inorganic scintillators market.

The global inorganic scintillators market is segmented by application into healthcare, nuclear power plant, homeland security & defense, industrial application and other applications. It is also segmented by type into sodium iodide, cesium iodide, gadolinium oxysulfide and others. The healthcare market sub-segment captured the largest share of the global market by the application in 2018. This can be attributed to the increasing incidence and prevalence rate of cancer across the world. The declining rate of establishment of nuclear power plants in Europe and Japan and also the phase-outs of the nuclear plants across some countries are mainly responsible for obstructing the progress of the global inorganic scintillators market. Also, the reduction in nuclear power and radiation therapy workforce is also restraining the market growth.

The inorganic scintillators market in North America is anticipated to hold a colossal share by 2027. The major driving forces responsible for the proliferation such as expanding instances of cancer, increasing acceptance of nuclear imaging systems, government efforts, increasing count of nuclear power plants across the US and increasing security issues. After the U.S. and Canada, UK and Germany are anticipated to be the developing markets for the inorganic scintillators. These countries are anticipated to adopt most of the technological developments, compared to other geographic regions. Additionally, the radiation from nuclear reactors imposes the usage of inorganic scintillators to avoid hazardous health issues for the workers is expected to be an important factor for the growing demand of scintillators over the forecast period in the APAC region.

The contending companies operating in the global inorganic scintillators market are Scintacor, Saint-Gobain S.A., Ludlum Measurements, Inc., Mirion Technologies, Toshiba Materials Co., Ltd., Dynasil Corporation Of America, Shanghai Siccas High Technology Corporation, Nihon Kessho Kogaku Co., Ltd., Hitachi Metals Group, Rexon Components, Inc., Hamamatsu Photonics K.K., Amcrys, Epic Crystal Co., Ltd., Alpha Spectra, Inc. and Detec.

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Global Inorganic Scintillators Market Forecast 2019-2027
Published By :Inkwood Research
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