Global Scintillator Market 2019-2025
|発行||Orion Market Research Pvt Ltd||商品コード||599599|
Market Size, Share & Trends Analysis Report by Material Composition (Organic Scintillators and Inorganic Scintillators) and by Application (Healthcare, Nuclear Power Plants, Homeland Security and Defense, and Others) and Forecast 2019-2025.
The global scintillator market is expected to grow significantly during the forecast period. Increasing R&D investment in scintillators is anticipated to propel the market growth in the near future. The growth may also be attributed to the rising need for radiation detection instruments and the development of high-performance products at low-cost across end-user industries. Furthermore, the depletion of helium-3 to detect neutrons in security activities coupled with innovations in medical imaging and nuclear medicine are projected to boost the growth of market growth in the near future.
Apart from that, an increasing number of nuclear power plants is providing an opportunistic growth factor for the global scintillator market. Scintillators exhibit high growth potential in markets that are characterized by high resolution, low-cost, and performance in terms of radiation monitoring equipment. This may be attributed to surging demand for portable and handheld radiation detectors. However, increasing demand for renewable energy sources such as geothermal, solar and wind energy as a substitute for nuclear energy is anticipated to act as a barrier in the growth of global scintillator market during the forecast period.
Geographically, the global scintillator market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America is anticipated to hold a significant share in the global scintillator market, owing to the presence of numerous nuclear power plants, along with increasing demand for radiation therapy to cure cancer and the state-of-the-art homeland security measures in the US. Moreover, Asia-Pacific is growing at a considerable pace in the global scintillator market during the forecast period. The growth is majorly due to the increasing government defense budget and the rising number of upcoming nuclear reactors in this region.
The key players operating in the global scintillator market include Dynasil Corp., Hamamatsu Photonics, K.K., Saint-Gobain Group, Zecotek Photonics, Inc., and Scintacor Ltd. Other prominent players in the market include Mirion Technologies, Inc., Carestream Health, Inc., Toshiba Materials Co., Ltd., and NUVIA a.s. The strategies followed by these market players include mergers and acquisitions, product launches, partnerships and collaborations and geographical expansion.
The market study of the global scintillator market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
The report is intended for radiation detection instruments manufacturers, suppliers and distributors, and government agencies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.