Some of the major players in this market include: Canberra Industries Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Hitachi Metals Ltd. (Japan),
(PRWEB) October 14, 2014
The report “Scintillator Market by Composition of Material, Application (Healthcare, Homeland security, Industrial application, Nuclear Power Plants, and others), End Product (Personal Instrument, Hand-Held Instruments, Fixed, and Installed Instruments) & Geography - Global Forecast and Analysis to 2013 – 2020” , defines and segments the scintillator market into various segments with an in-depth analysis and forecasting of revenues. This research report also identifies the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.
The scintillator market is projected to grow at a CAGR of 5.62% from 2014 to 2020, and reach $479.16 Million in 2020.
Browse more than 76 data tables with 52 figures spread through 251 pages and in-depth TOC on “Scintillator Market”
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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 projected that the APAC market will grow at a considerable rate.
APAC is the fastest growing and most promising market for scintillators due to the increasing number of upcoming nuclear reactors, high industrial growth, supportive government policies, and financial investment by the governments in R&D. The major companies operating in this market are Saint Gobain (France), Ludlum Measurements (U.S.), Zecotek Photonics Inc. (Canada), and Mirion Technologies (U.S.), among others.
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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.
Scintillator based detectors have been present in different industries (such as medical, security, and nuclear power industry) for a while, now; but huge R&D efforts and government funding is taking this technique to new heights. Inorganic scintillators are the most promising materials to be used in radiation detection devices, and account for more than 50% of the material market; however, continuous research activities are making room for new and advanced materials.
Among these industry applications, homeland security, nuclear power industry, and medical applications are estimated to be the game changers for the growth of this market. These industries will be the new revenue pockets for the overall market in the upcoming future.
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
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, and nuclear power plants; and industrial and research sectors.
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The unstable geopolitical climate, emergence and expansion of terrorist organizations and rise of radiological and nuclear technologies are the pivotal factors responsible for the increase in global threats. These calls for the need for detection and prevention of radiological attacks as these attacks lead to heavy human loss. Hence, the security and defense organizations of every country are striving hard to tighten their homeland security by making heavy investments -on this front. There is a rapid increase in the number of patients suffering from cancer which again leads to the need for effective tools for cancer diagnosis which needs PET scanners that consist of scintillator materials. So, there is high demand for these materials owing to the high demand of medical imaging devices. Future plans for development of the nuclear power plants also boost the demand for scintillators.
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