Scintillator Market is expected to grow at a CAGR of 5.62% from 2014 to 2020, and reach $479.16 Million in 2020

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", the Scintillator Market is expected to grow at a CAGR of 5.62% from 2014 to 2020, and reach $479.16 Million in 2020.

Due to the rise in the global security threats,homeland security is of utmost importance. The unstable geopolitical climate, emergence and expansion of terrorist organizations, and rise of radiological and nuclear technologies are the pivotal factors responsible for the increase in global threats. This calls for the need for detection and prevention of radiological attacks as these attacks lead to heavy human loss. Hence, the security and defense organizations of every country are striving hard to tighten their homeland security by making heavy investments -on this front. There is a rapid increase in the number of patients suffering from cancer which again leads to the need foreffective tools for cancer diagnosis which needs PET scanners that consist of scintillator materials. So, there is high demand for these materials owing to the high demand of medical imaging devices. Future plans for development of the nuclear power plants also boost the demand for scintillators.

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Saint-Gobain Crystals (U.S.), a division of Saint-Gobain SA (France), is one of the leading players in the inorganic scintillators market. Saint-Gobain SA has been in the market for more than 350 years and offers a diversified product portfolio. Saint Gobain Crystals comes under the high performance materials sector of Saint Gobain SA. The company provides wide range of products such as large sapphire sheets, tubes, X-ray monochromator crystals, and scintillation materials and assemblies which are used in radiation detection and measurement. These products are used in a wide range of applications such as medical imaging, security and safeguarding, medical instrumentation, and X-ray spectrometry, among other applications.The company’s principal position can primarily be credited to its strong association with different companies. The firm not only develops new scintillators internally but also with industry partners so as to meet the current and future market needs. The firm tries to increase its product portfolio by increasing its R&D spending in the innovative materials sector.

Scintillator based detectors have been present in different industries (such as medical, security, and nuclear power industry) for a while,now; but huge R&D efforts and government funding is taking this technique to new heights. Inorganic scintillators are the most promising materials to be used in radiation detection devices, and account for more than 50% of the material market; however, continuous research activities are making room for new and advanced materials. Among these industry applications, homeland security, nuclear power industry, and medical applications are estimated to be the game changers for the growth of this market. These industries will be the new revenue pockets for the overall market in the upcoming future.

The ability of selectscintillators to produce high light yield and resolution within the cost limitis the major factor that influences the growth of this technologyacross various industries. Depletion of He-3 for neutron detection is also promoting alternatives based on scintillators, for nuclear plants and homeland security applications. Moreover, this techniqueis used for themass production of radiation detection, monitoring, and measurement equipment, which is not possible in case of the semiconductor based detectors.Saint Gobain (France)followed byLudlum Measurement (U.S.) are among the major manufacturers of these materials for the industrial, scientific, medical applications, and defense usage.

Radiation portal monitors and medical imaging devices are the major end products that rely on these materials for the detection of radiation. Demand for hand held and personal instruments for border security and radiation monitoring at nuclear power plants is expected to propel the growth of the scintillator based radiation detectors. Advances in scintillator based medical imaging devices including CT, PET, SPECT, and gamma camera would also be noticeable in the near future.

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