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Inorganic Scintillators Market Showing Growth in CAGR of 5.2% Through 2024: Global Industry Sector Analysis

Inorganic Scintillators Market Research, By Type, Application, Demand & Global Analysis of Industry


Pune, India -- (SBWIRE) -- 03/16/2018 -- Global Inorganic Scintillators Market accounted to USD 256.1 million in 2016 growing at a CAGR of 5.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Inorganic Scintillators Market

Inorganic scintillators are used for the detection as they are highly stable in the presence of intense ionizing radiations. Inorganic scintillators are crystals exhibits luminescence when exposed to higher level of radiation. They are manufactured using oxides and alkali halides at high temperatures. Growing threats of nuclear terrorism and incidences of cancer drives the market.

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Major Market Drivers and Restraints:

- Rising Threat of Nuclear Terrorism
- Increasing Incidence of Cancer
- Increasing Volume of PET/CT Scans
- Increasing Safety Concerns Post the Fukushima Disaster
- Shortage of Nuclear Power Workforce
- Introduction of Nuclear Power in Pacific Countries
- Strategic Increase in the Number of Nuclear Power Plants

Market Segmentation: Global Inorganic Scintillators Market

The global inorganic scintillators market is segmented by scintillation material into sodium iodide, cesium iodide, lutetium oxyorthosilicate & lutetium–yttrium oxyorthosilicate, bismuth germinate and others. Others are further segmented into barium fluoride, lead tungstate, cadmium tungstate, cerium bromide, lanthanum bromide and gadolinium orthosilicate.

By type the market is segmented into alkali halides, oxide compounds and rare earth metals.
By application market is segmented into healthcare, homeland security and defense, nuclear power plants and industrial applications.

On the basis of geography, inorganic scintillators market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Inorganic Scintillators Market

The inorganic scintillators market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of inorganic scintillators market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors: Global Inorganic Scintillators Market

Some of the major players operating in inorganic scintillators market are Hitachi, Hamamatsu Photonics K.K., Saint Gobain, Dynasil Corporation, Rexon Components,Inc., Detec Devices, SHANGHAI INSTITUTE OF CERAMICS CHINESE ACADEMY OF SCIENCES, Scintacor, Amcrys, Toshiba Corporation, EPIC Crystal Co.,Ltd., NIHON KESSHO KOGAKU CO., LTD., Alpha Spectra, Inc., GE Company, Seimens AG, Koninklijke Philips N.V., Bruce Power, Bulgarian Energy Holding EAD and United Nuclear Scientific LLC. among others.

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