Global Inorganic Scintillators Market Overview:
Inorganic Scintillators are inorganic materials that emit light in response to ionizing radiation. It used in particle physics, gamma-ray spectroscopy, medical/biological imaging, and radiation detection applications. These scintillators are usually crystals grown in high-temperature furnaces. Inorganic scintillator shows high efficiency for the detection of gamma rays and handling high count rate. This scintillator possesses high density and atomic number that gives a high electron density. The growing demand for radiation detection systems is expected to boost market growth during the forecast period. According to AMA, the Global Inorganic Scintillators market is expected to see growth rate of 6.28%
Market Drivers
- Growing Safety Concerns and Security Threats
- Rising Use of Inorganic Scintillating in Gamma Camera
- Increasing Security Budgets of Global Sporting Events
- Mounting Consumption of PET/CT Scans
- Increasing Investments for Radiation Monitoring in Homeland Security
Market Trend
- Growing Trend of Using Inorganic Scintillating Materials in PET Scanners
- Trend for Clean and Reliable Source of Electricity Generation
Restraints
- React to the Moisture Content of the Air by Absorbing or Releasing Water Vapor
- Deliquescence and Vulnerability to Shock and Impact
Opportunities
- Increasing Number of Nuclear Power Plants
- Growing Investment on Nuclear Power Emerging Countries such as India to Fulfill Energy Demand
- Technological Advancement in Radiographic Systems
- Improving Security Systems at Stations, Ports and Airports with Use of Radiation Detection Systems in Various Countries
Challenges
- Increasing Demand for Renewable Energy as Substitutes
- Stringent Regulations for Reducing Radiation Emission
Competitive Landscape:
The inorganic scintillator market consists of few established players accounting for the major market shares. These key players are competing through innovations in product design and marketing to gain popularity in the market. The entry of private-labels in the market and the increasing competition has induced the vendors in this market to launch different products and services to maintain sustainability through unique and clear propositions.
Some of the key players profiled in the report are Saint Gobain S.A. (France), Hamamatsu Photonics K.K. (Japan), Dynasil Corporation of America (United States), Hitachi Metals Group (Japan), Rexon Components, Inc. (United States), Detec (Canada), Toshiba Materials Co., Ltd. (Japan), Scintacor (United Kingdom), EPIC Crystal Company Limited (China), Amcrys (Ukraine), Alpha Spectra, Inc. (United States), Shanghai SICCAS High Technology Corporation (China) and Nihon Kessho Kogaku Co., Ltd. (Japan). Analyst at AdvanceMarketAnalytics see United States and Asia Pacific Vendors to retain maximum share of Global Inorganic Scintillators market by 2025. Considering Market by Product Type, the sub-segment i.e. Optics Instruments will boost the Inorganic Scintillators market. Considering Market by Detector Efficiencies, the sub-segment i.e. Gamma will boost the Inorganic Scintillators market. Considering Market by Light Yield, the sub-segment i.e. 2-30 Photons/keV will boost the Inorganic Scintillators market.
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Inorganic Scintillators market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Inorganic Scintillators market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Inorganic Scintillator Manufacturer, Homeland Security and Defense Departments, Radiation Detection, Monitoring, and Safety Device Manufacturing Companies, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.