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(Medical-NewsWire.com, July 16, 2018 ) The report "Inorganic Scintillators Market by Scintillation Material (NaI, CsI, LSO & LYSO), Type (Alkali Halides, Rare Earth Metals), & Application (Healthcare, Homeland Security & Defense, Nuclear Power Plants) - Analysis & Global Forecast to 2021", This report studies the global inorganic scintillators market for the forecast period of 2016 to 2021. This market is expected to reach USD 330.7 Million by 2021 from USD 256.1 Million in 2016, growing at a CAGR of 5.2%. The global inorganic scintillators market is segmented on the basis of scintillation material, type, application, and region.
Browse 76 market data Tables and 49 Figures spread through 165 Pages and in-depth TOC on "Inorganic Scintillators Market".
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The growth of the overall market can be attributed to growing safety concerns post the Fukushima disaster, growing security threats, growing security budgets of global sporting events, increasing incidence of cancer, growth in the number of PET/CT scans, and growing threat of nuclear terrorism.
In the coming years, the inorganic scintillators market is expected to witness the highest growth in the Asia-Pacific region. This can be attributed to high spending on homeland security in Asia, Japan’s decision to continue with the use of nuclear power, high growth expected in China’s nuclear power industry, presence of global and local players in the Chinese market, increasing number of nuclear power plants in India, and increasing installations of nuclear imaging systems in India.
North America is expected to account for the largest share of the global inorganic scintillators market. This can be attributed to the increasing prevalence of cancer, rising adoption of nuclear imaging systems, government initiatives and increase in the number of nuclear power plants in the U.S., growing security concerns, and rising number of conferences.
The report segments inorganic scintillators market based on scintillation material, type, application, and region.
The sodium iodide (NaI) segment is expected to account for the largest share of the inorganic scintillators market, by scintillation material, in 2016. This is attributed to factors such as rising application horizon of sodium iodide, rise in homeland security expenditure to combat terrorism worldwide, and increasing number of nuclear power plants. However, the lutetium oxyorthosilicate (LSO) & lutetium-yttrium oxyorthosilicate (LYSO) segment is expected to grow at the highest CAGR during the forecast period (2016-2021). This is mainly due to its benefits over other scintillators, increasing research activities in the field of high-energy and nuclear physics, and rising demand for PET scanners worldwide. Due to distinguished properties of LSO and LYSO, especially their higher light output and short decay time as compared to BGO, they can potentially replace BGO in many applications.
On the basis of type, the global inorganic scintillators market is segmented into alkali halides, oxide compounds, and rare earth halides. The alkali halides segment is expected to account for the largest share of the global market in 2016. This can be attributed to the rising application horizon of alkali halides, increase in the research activities for space exploration, rise in government defense budgets, and growing need for environmental radiation testing. However, the rare earth metals segment is projected to grow at the highest CAGR from 2016 to 2021. This can be attributed to its high light yield, energy resolution crystals, faster response times, and good gamma ray-stopping efficiency, and improved decay time (as compared to alkali halides).
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On the basis of application, the inorganic scintillators market is segmented into healthcare, homeland security and defense, nuclear power plants, industrial, and other applications (high-energy physics, astrophysics, environmental monitoring, and academic research). In 2016, the healthcare segment is expected to command the largest share of the global market, by application. This can be attributed to the increasing incidence of cancer, rising research activity, increasing installations of PET scanners worldwide, and growing preference for effective radiation protection in medical facilities. However, the homeland security and defense segment is projected to grow at the highest CAGR from 2016 to 2021. Rising terrorism levels globally, growing government initiatives by governments worldwide to improve homeland security, and increasing security and defense expenditure are expected to augment the demand for inorganic scintillators in the homeland security and defense industry in the coming years.
Saint Gobain S.A. (France), Hamamatsu Photonics K.K. (Japan), Dynasil Corporation of America (U.S.), Hitachi Metals Group (Japan), Rexon Components, Inc. (U.S.), Detec (Canada), Toshiba Materials Co., Ltd. (Japan), Scintacor (U.K.), EPIC Crystal Company Limited (China), Amcrys (Ukraine), Alpha Spectra, Inc. (U.S.), Shanghai SICCAS High Technology Corporation (China), and Nihon Kessho Kogaku Co., Ltd. (Japan) are some of the key players in the inorganic scintillators market worldwide.
Stakeholders of the Inorganic Scintillators Market
Radiation Detection, Monitoring, and Safety Devices and Accessories Manufacturing Companies
Suppliers and Distributors of Radiation Detection, Monitoring, and Safety Devices and Accessories
Research and Consulting Firms
Homeland Security and Defense Departments
Research Institutes
Venture Capitalists
Know More: https://www.prnewswire.com/news-releases/inorganic-scintillators-market-worth-3307-million-usd-by-2021-595786031.html
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