Some of the major players in this market include: Canberra Industries Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Hitachi Metals Ltd. (Japan), Ludlum Measurements Inc. (U.S.), Mirion Technologies Inc. (U.S.), Radiation Monitoring Devices (U.S.), Saint Gobain (France), and Zecotek Photonics (Canada), among others.
According to a new market research report “Scintillator Market by Composition of Material, Application (Healthcare, Homeland security, Industrial application, Nuclear Power Plants, and others), End Product (Personal Instrument, Hand-Held Instruments, Fixed, and Installed Instruments) & Geography - Global Forecast and Analysis to 2013 – 2020”,published by MarketsandMarkets, the scintillator market is expected to grow at a CAGR of 5.62% from 2014 to 2020, and reach $479.16 Million in 2020.
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Scope of the report
This research report categorizes the scintillator market on the basis of its various applications, material composition, end products, and geography; it also covers the revenue foretold from 2013 to 2020. It describes the demand of scintillators in various regions. The report describes the application mapping in the scintillators market with respect to the growth potential.
On the basis of the composition of materials
The composition of scintillator materials described in this report is segmented into organic and inorganic materials. The ‘inorganic scintillators hold the future prospect of the market.
On the basis of the applications
Scintillators are used for various applications such as in the healthcare industry; for homeland security, defense, nuclear power plants; and industrial and research sectors.
On the basis of the end products
In this research report, the scintillator market is segregated into different end products such as pocket size, hand- held instruments, and fixed or installed systems.
On the basis of the geographical regions
Geographical analysis covers Americas, Europe, Asia-Pacific, and ROW. In accordance with this report, the Americas, currently, leads the scintillator market, and the APAC region is the fastest growing market.
Browse more than 76 data tables with 52 figures spread through 251 pages and in-depth TOC on “Scintillator Market by Composition of Material, Application (Healthcare, Homeland security, Industrial application, Nuclear Power Plants, and others), End Product (Personal Instrument, Hand-Held Instruments, Fixed, and Installed Instruments) & Geography - Global Forecast and Analysis to 2013 – 2020”
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The elements behind the rapid upsurge in the scintillator market are the innovative and advanced technologies, government funding for increased R&D, wide need of radiation detection instruments across application markets, and development of high performance products at a low cost. In addition, depletion of Helium-3 for neutron detection in security operations, advancements in medical imaging and nuclear medicine, and increasing number of nuclear power plants is also believed to provide a further impetus to the growth of the scintillator market.
Till 2013, the ‘Americas’ held the largest revenue share followed by Europe— in scintillator materials, and related solutions. However, the APAC, with a CAGR of 9.56%, will be close to Europe in terms of the scintillator market revenue by 2020. The foremost factors accountable for the expansion of the scintillator market include improved resolution and performance requirement while optimizing the cost, increasing awareness for radiation safety measures, and demand for radiation safety devices. APAC is the fastest growing and most promising market for scintillators due to the increasing number of upcoming nuclear reactors, high industrial growth, supportive government policies, and financial investment by the governments in R&D. The major companies operating in this market are Saint Gobain (France), Ludlum Measurements (U.S.), Zecotek Photonics Inc. (Canada), and Mirion Technologies (U.S.), among others.
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