Inorganic Scintillators Market Poised to Reach USD 7.06 Billion by 2030 Driven by Technological Advancements

Market Overview:

The report analyzes the impact of COVID-19 lockdown on market revenue across regions and segments, aiding decision-makers in strategizing for short-term and long-term scenarios. By outlining current and future market trends, the report assists in devising strategies for companies by region.

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Report Scope:

The objective is to provide a comprehensive analysis of the Global Inorganic Scintillators Market, covering past and current industry status, forecasted market size, and trends. The report employs PORTER, SVOR, PESTEL analysis to examine external and internal factors influencing the industry.

Research Methodology:

The report incorporates primary and secondary research to analyze the impact of COVID-19 lockdown, consumption patterns, manufacturing volumes, pricing trends, and value chain analysis. It presents a clear view of the industry's future to decision-makers.

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Drivers:

Exceptional physical properties of inorganic scintillators, such as high density and short decay time, driving their demand in various sectors.

Increased adoption in medical imaging for diagnostic purposes, propelled by the shift towards digital X-ray imaging.

Technological innovations and governmental initiatives supporting research and development activities.

Restraints:

High investment requirements for research and development activities may hinder market growth.

Limited availability and high costs of raw materials like oxides & alkali halides could pose challenges.

Segmentation:

By Product: Alkali Halides, Oxide Compounds, Rare Earth Metals

By Material: Sodium Iodide, Cesium Iodide, Lutetium Oxyorthosilicate & Lutetium-Yttrium Oxyorthosilicate, Others

By End-Use Industry: Healthcare, Homeland Security & Defense, Nuclear Power Plants, Industrial Applications

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Key players

1. Dynasil Corporation of America
2. Hamamtsu Photonics K.K
3. Hitachi Metals Group
4. Detec
5. Rexon Components Inc.
6. Saint Gobain S.A
7. Scintacor
8. Toshiba Materials Co., Ltd.
9. EPIC Crystal Co., Ltd.
10. Amcrys
11. ShangaiSiccas High Technology Corporation
12. Alpha Spectra, Inc.
13. Nihon KesshoKogaku Co., Ltd.
14. Others

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Regional Analysis:

North America is poised to witness a robust CAGR during the forecast period, having accounted for over 40% of the market share in 2023. The region's market growth is fueled by the escalating demand for advanced medical equipment and a heightened focus on nuclear power. Factors such as the increasing incidence of cancer, ongoing research activities, the installation of PET scanners, and a preference for effective radiation protection in medical facilities are driving market expansion.

Conversely, the Asia Pacific region is anticipated to experience a significant CAGR during the forecast period. This growth is primarily attributed to substantial investments in homeland security across Asia. Moreover, the region's market growth is propelled by the rising utilization of inorganic scintillators in China's nuclear power industry, the establishment of multiple nuclear power plants, and

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