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(EMAILWIRE.COM, October 01, 2019 ) Overview
The Inorganic Scintillators market is anticipated to grow at 5.24% CAGR from 2018 to 2023 and it is estimated that the global market is expected to reach USD 366.19 million by 2023. Scintillators are materials that exhibit scintillation i.e. the property of luminescence when radiated upon by ionizing radiations. Luminescent materials, when collided with an incoming particle, absorb its energy and scintillate i.e. re-emit the absorbed energy in the form of light. The x-ray imaging industry is going through a transition from thin film to digital which took place in the photography sector over the past decade. Early adoption in the medical industry in terms of a move towards the digital and digital x-ray imaging has become the latest trend.
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Drivers and Restraints:
The rise in the trend of using low-cost scintillating materials for the purpose of radiation detection has been a key factor driving the growth of the market. The growth in the demand for domestic security materials has resulted in pushing the demand for inorganic scintillators market. The medical imaging sector has also witnessed a rise in the trend of using radiation detection materials owing to their superior properties. The Emerging economies are improving their security systems including stations, ports, and airports with the use of radiation detection systems. Radiation detection materials are being used for domestic security purposes owing to the rising threat of nuclear bombs and terrorist attacks.
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Geographic Segmentation
On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and the Middle East and Africa. The Growth in the demand for advanced medical equipment coupled with the rising focus on nuclear power and improvement in the security is expected to result in the expansion of the market over the forecast period. Asia-Pacific is expected to register the highest growth rate in the coming years. Emerging economies including India and China are working on improving their security systems at stations, ports, and airports by installing radiation detection systems. The emerging markets are expected to offer high potential over the coming years.
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The dominating companies of the market are like Saint Gobain S.A., Hamamatsu Photonics K.K., Dynasil Corporation of America, Hitachi Metals Group, Rexon Components Inc., Detec, Toshiba Materials Co., Ltd., Scintacor, EPIC Crystal Company Limited, Amcrys, Alpha Spectra, Inc. Shanghai SICCAS High Technology Corporation and Nihon KesshoKogaku Co. Ltd.
The Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis of prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Abhishek Shukla
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Source: EmailWire.Com 
Source: EmailWire.com
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