Scintillator Market Report 2020, Outlook, Size, Share, Growth, Key Players and Forecast By 2025

As per the latest report by IMARC Group, titled “Scintillator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global scintillator market size reached US$ 1.8 Billion in 2019. Scintillators are one of the most commonly used radiation detectors that can absorb high-energy photons and incident particles, such as protons, electrons and neutrons. They help in converting the acquired energy into the ultraviolet range of photons and determining the energy and time of incident radiation. As compared to their counterparts, scintillators are reliable, cost-efficient, more sensitive to deposited energy and have a faster response time. Consequently, they are widely used in nuclear plants, medical imaging, national security, manufacturing industries and high-energy particle experiments.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the market has been examined, with some of the key players being Applied Scintillation Technologies Ltd., Argus Imaging BV Inc., Mirion Technologies, Inc., Hamamatsu Photonics K.K., Hitachi Metals Ltd., Ludlum Measurements Inc., Radiation Monitoring Devices Inc., Rexon Components Inc., Saint-Gobain S.A. and Zecotek Photonics Inc.

Global Scintillator Market Trends:

Owing to the rising threats of terrorism, there is an increase in the utilization of scintillators in security and defense organizations across the globe as they assist in strengthening homeland security and averting human loss. For example, the Department of Homeland Security (DHS) in the United States is continuously supporting the development of solid organic scintillators under the Exploratory Research and Small Business Innovative Research programs. These programs aim to help in detecting radioactive substances and preventing radiological threats in the country. Apart from this, scintillators are also being employed in the healthcare sector for identifying and analyzing cardiovascular and neurological diseases. This, in confluence with the increasing cases of these ailments on account of sedentary lifestyles, is also bolstering the global scintillators market growth. Moreover, governing agencies in various countries are implementing stringent regulations regarding the use of medical devices. This, in turn, is encouraging hospitals and healthcare organizations to adopt technologically advanced scintillation and radiation detectors worldwide. Looking forward, the market value is projected to reach US$ 2.0 Billion by 2025, expanding at a CAGR of 9.9% during the forecast period (2020-2025).

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Key Market Segmentation:

Market Breakup by Composition of Material:

1. In-Organic Scintillators
2. Organic Scintillators

Based on the composition of the material, the market has been bifurcated into in-organic (alkali halides, oxide-based and others) and organic scintillators (single crystal, liquid and plastic).

Market Breakup by End Product:

1. Personal or Pocket Size Instruments
2. Hand-Held Instruments
3. Fixed, Installed, and Automatic Instruments

On the basis of the end product, the market has been segmented into personal or pocket size; hand-held; and fixed, installed and automatic instruments.

Market Breakup by Application:

1. Healthcare
2. Nuclear Power Plants
3. Manufacturing Industries
4. Homeland Security and Defense
5. Others

The market has been analyzed on the basis of the application into healthcare, nuclear power plants, manufacturing industries, homeland security and defense, and others.

Market Breakup by Region:

1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. Latin America

Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico and others); and Middle East and Africa.

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