Global Inorganic Scintillators Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during a forecast period.
Global Inorganic Scintillators Market
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The Inorganic Scintillators aremanufactured by oxides &alkali halides at high temperatures and used to find the ionizing radiation.
Global Inorganic Scintillators Market, Dynamics:
The inorganic scintillators market is expected to drive by its exceptional physical properties during the forecast period. They are widely used in many detection systems to address different fields like medical imaging, homeland security, high energy physics (HEP) calorimetry, industrial control, and oil drilling exploration. The indirect sensor technology usages inorganic scintillators to convert X-rays to photons collected by photodetectors because of its features like high density, high atomic number, short decay time, and reduced cost. An increase in the adoption of inorganic scintillators in radiological imaging for the necessary diagnostic medicine is expected to drive the global inorganic scintillators market growth. However, the high investment requirements for the research and development activities may hamper the global inorganic scintillators market growth.
Global Inorganic Scintillators Market, Segment Analysis:
The Sodium iodide is expected to grow at a XX% rate of CAGR during the forecast period. It is used extensively in the medical imaging sector because of its high resolution and light output with an attractive price point. Thallium activated sodium iodide is the dominant scintillation material that is used in many an array of applications. The Sodium iodide offers superior properties and excellent light yield with its luminescence spectrum. It has an unusually large light yield corresponding to a scintillation efficiency of more than 13 % that is expected to boost the market growth during the forecast period.
The healthcare sector held the XX% share in 2019 and is projected to share XX% share in the global inorganic scintillators market during the forecast period. The sector was the largest end-use segment for inorganic scintillators, which has contributed more than 50 % share. The x-ray imaging industry is transforming from thin film to digital. A shift transformation towards digital and digital x-ray imagingin the medical industry is expected to drive the market growth.
Global Inorganic Scintillators Market, Regional Analysis:
North America is expected to contribute XX% rate of CAGR during the forecast period. The region accounted for more than 40% share in 2019. The growing demand for advanced medical equipment and the more focus on nuclear power is expected to boost the regional market growth. The rising incidence of cancer, research activity, installations of PET scanners, and preference for effective radiation protection in medical facilities are propelling the market growth.
On the other hand, the Asia Pacific region is expected to grow at a XX% rate of CAGR during the forecast period. The market growth is attributed to the high spending on homeland security in Asia. An increase in the usage of inorganic scintillators in China’s nuclear power industry, several nuclear power plants, and the Nuclear imaging systems installations in developing economies like China and India are driving the market growth during the forecast period.
Global Inorganic Scintillators Market, Competitive Analysis:
Some of the key factors for the high adoption of inorganic scintillators across industries in the developed countries and developing countries contain the introduction of innovation of advanced technologies, governmental initiatives in many countries, growth in funding for research & development among private organizations.
The objective of the report is to present a comprehensive analysis of the Global Inorganic Scintillators Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Inorganic Scintillators Market dynamics, structure by analyzing the market segments and projects the Global Inorganic Scintillators Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Inorganic Scintillators Market make the report investor’s guide.
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Scope of the Global Inorganic Scintillators Market
Global Inorganic Scintillators Market, By Product
• Alkali Halides
• Oxide Compounds
• Rare Earth Metals
Global Inorganic Scintillators Market, By Material
• Sodium Iodide
• Cesium Iodide
• Lutetium Oxyorthosilicate& Lutetium–Yttrium Oxyorthosilicate
Global Inorganic Scintillators Market, By End-Use Industry
• Homeland Security & Defense
• Nuclear Power Plants
• Industrial Applications
Global Inorganic Scintillators Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Inorganic Scintillators Market
• Dynasil Corporation of America
• Hamamtsu Photonics K.K
• Hitachi Metals Group
• Rexon Components Inc.
• Saint Gobain S.A
• Toshiba Materials Co., Ltd.
• EPIC Crystal Co., Ltd.
• ShangaiSiccas High Technology Corporation
• Alpha Spectra, Inc.
• Nihon KesshoKogaku Co., Ltd.
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