The scintillators market is undergoing a significant transformation, with the changing landscape of healthcare, nuclear power plants, homeland security and defense, and manufacturing industries.
Scintillator Market worth $479.16 Million by 2020
According to a new market research 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”,published by MarketsandMarkets, the scintillator market is
expected to grow at a CAGR of 5.62% from 2014 to 2020, and reach $479.16 Million in
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Browse more than 76 data tables with 52 figures spread through 251 pages and in-
depth TOC on “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”
The elements behind the rapid upsurge in the scintillator market are the innovative and
advanced technologies, government funding for increased R&D, wide need of radiation
detection instruments across application markets, and development of high performance
products at a low cost. In addition, depletion of Helium-3 for neutron detection in security
operations, advancements in medical imaging and nuclear medicine, and increasing
number of nuclear power plants is also believed to provide a further impetus to the growth
of the scintillator market.
Till 2013, the ‘Americas’ held the largest revenue share followed by Europe— in scintillator
materials, and related solutions. However, the APAC, with a CAGR of 9.56%, will be close to
Europe in terms of the scintillator market revenue by 2020. The foremost factors
accountable for the expansion of the scintillator market include improved resolution and
performance requirement while optimizing the cost, increasing awareness for radiation
safety measures, and demand for radiation safety devices. 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.
The scintillator market is broadly categorized into: - composition of material, applications,
end products, and geography. All the major segments are further segmented into sub
segments. All the segments and sub segments are separately described in the report.
The market is expected to reach $479.16 Million by 2020, at an estimated CAGR of 5.62%
from 2014 to 2020. The major driving factors for the scintillator market are:-demand for
low cost and high performance scintillators, concern for safety in wake of the Fukushima
disaster, growing demand for existing and new radiological medical applications, and
investments in radiation monitoring equipment with respect to homeland security. The
materials market includes the ‘Inorganic’ and ‘Organic’ scintillators. The scintillator market
finds its application in the healthcare, homeland security, industrial applications, nuclear
power industry, and scientific research sectors. The geography market is categorized into
Americas, Europe, APAC, and ROW.
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