The
global inorganic scintillators market is expected to
reach USD 491.0 million by 2025, according to a new report by Grand View
Research, Inc. Increasing market penetration of scintillating materials in
medical imaging devices is expected to result in propelling market expansion
over the forecast period. Cesium iodide and sodium iodide thin film imaging
plates have witnessed a surge in demand over the past few years on account of
its low cost and superior performance as compared to phosphorus plates.
U.S. inorganic scintillators market revenue, by end-use, 2014 - 2025 (USD Million) |
The
increasing trend of using low-cost scintillating materials for the purpose of
radiation detection has been a critical factor for growth. The demand for
inorganic scintillating materials was USD 324.0 million in 2015. Growing demand
for domestic security materials has resulted in pushing the demand for
inorganic scintillators market.
The
medical imaging sector has also witnessed an increasing trend of using
radiation detection materials owing to their superior properties. Emerging
economies including India and China are improving their security systems
including stations, ports, and airports by installing radiation detection
systems.
Browse full
research report on Inorganic Scintillators Market: www.grandviewresearch.com/industry-analysis/inorganic-scintillators-market
Further
Key Findings From the Study Suggest:
- Oxide compounds product segment is expected to
witness the fastest revenue growth at a CAGR of 5.2% from 2016 to 2024.
Companies such as Saint-Gobain, Hilger Crystals, and Lambda Photonics are
some of the key players investing heavily in oxide based scintillating
materials.
- Lutetium Oxyorthosilicate &
Lutetium–Yttrium Oxyorthosilicate material segment is expected to witness
the fastest revenue growth at a CAGR of 6.0% from 2016 to 2024. Its
superior properties including excellent energy resolution high light
output and density have resulted increasing its market penetration over
the past few years.
- Healthcare, security and defense and nuclear
power are some of the crucial sectors in the inorganic scintillators
market. Increasing need for sophisticated medical imaging equipment and
cancer treatment devices has resulted in an overall expansion of the
industry.
- Asia Pacific market was valued at USD 60.4
million in 2015 and is expected to witness significant expansions over the
forecast period on account of increasing investment in producing radiation
detection materials over the past few years. North America is a key market
for scintillating materials owing to the increasing investments in the
nuclear power and domestic security sectors.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global inorganic scintillators
market by product, material, end use and region:
Product
outlook (Revenue, USD Million, 2014 - 2025)
- Alkali
Halides
- Oxide
Compounds
- Rare
Earth Metals
Material
outlook (Revenue, USD Million, 2014 - 2025)
- Sodium
Iodide
- Cesium
Iodide
- Lutetium
Oxyorthosilicate & Lutetium-Yttrium Oxyorthosilicate
- Others
End-use
outlook (Revenue, USD Million, 2014 - 2025)
- Healthcare
- Homeland
Security & Defense
- Nuclear
Power Plants
- Industrial
Applications
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- France
- Asia
Pacific
- China
- India
- RoW
- Brazil
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-inorganic-scintillators-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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