Press release
Inorganic Scintillators Market Is Rising With 5.2% CAGR And Predicting Players Like
Inorganic Scintillators Market
The 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. 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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