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Inorganic Scintillators Market by Scintillation Material, Type, & Application - Analysis & Global Forecast to 2021

Inorganic Scintillators Market: Global Forecast until 2021

  • October 2016
  • 167 pages
  • ID: 4208110
In this report:
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The inorganic scintillators market is estimated to grow $330.70M by 2021 from $256.10M in 2016, at a Compound annual growth rate of 5.20 percent in the next five years (2016 to 2021).

The inorganic scintillators market is undergoing a significant transformation, with the changing landscapes of healthcare, nuclear power plants, homeland security and defense, and manufacturing markets. The increase of this market is mainly influenced by the dynamics of these sectors.

Increasing safety concerns post the Fukushima disaster, increasing security threats, increasing security budgets of overall sporting events, growing incidence of cancer, increase in the number of PET/CT scans, and increasing threat of nuclear terrorism are some factors projected to drive the rise of the overall inorganic scintillators market in the next years. On the other hand, Elements such as shortage of a nuclear power workforce worldwide and nuclear power phase-out in some European countries are anticipated to restrain the increase of the market. On the other hand, the rise in the number of nuclear power plants in India (IN) and Pacific countries, increasing focus on clean and reliable electricity generation in China (CN), and the decision of the Japanese government to reverse its nuclear power phase-out are posing lucrative opportunities for the inorganic scintillators market.

Lutetium oxyorthosilicate & lutetium-yttrium oxyorthosilicate segment has profits over other scintillators including higher light output and short decay time. Therefore, the LSO and LYSO segment is anticipated to grow at topmost cagr during the outlook period. Nevertheless, sodium iodide segment is forecasted to have biggest market size in 2016.

Healthcare segment is forecasted to grow at topmost cagr during projection period, due to growing terrorism levels globally, increasing government initiatives by governments worldwide to improve homeland security, and rising security and defense expenditure. Moreover, healthcare will have most important market size in 2016, due to growing incidence of cancer, increasing research activity, rising installations of PET scanners global, and increasing preference for effective radiation protection in medical facilities.

In 2016, North America continent is forecasted to account for the biggest share of the overall inorganic scintillators market, succeeded by Europe (EU), Asia Pacific (APAC), and the Rest of the globe. North America's big share is assigned to the growing prevalence of cancer, growing adoption of nuclear imaging systems, government actions, the growth in the number of nuclear power plants in the U.S.A, increasing security concerns, and the increasing number of conferences. In the next years, the inorganic scintillators market is anticipated to witness the highest increase in the Asia Pacific (APAC) area, with emphasis on India (IN), China (CN), and Japan (JP). This can be connected to Elements such as high spending on homeland security in Asia area, Japan's decision to continue with the use of nuclear power, important rise expected in China's nuclear power industry, presence of overall and local actors in the Chinese market, rising number of nuclear power plants in India (IN), and growing installations of nuclear imaging systems in India (IN).

The market witnesses high competitive intensity, as there are various companies of different size with similar product offerings. These firms embrace different strategies (business developments; latest product launches; marketing and promotion; strategic agreements, collaborations, contracts, alliances, and joint ventures (JV); funding; acquisitions; patent grant, website launch, and product enhancement to rise their market shares and establish a strong foothold in the overall market.

Comprehensive interviews were managed with CEOs, Sales and Marketing Directors, other innovation and technology directors, and executives from numerous main institutions operating in the adaptive security market place.

- By Company Type: Tier 1: 50.0 percent, Tier 2: 42.0 percent, Tier 3: 8.0 percent

- By Designation: Director Level: 58.0 percent, C-Level: 25.0 percent, Others: 17.0 percent

- By area: North america (NA): 46.0 percent, Europe: 31.0 percent, APAC: 15.0 percent, ROW: 8.0 percent

The analysis includes the study of main actors offering inorganic scintillators including Saint-Gobain S.A., Hamamatsu Photonics K.K., Dynasil Corporation of America, Hitachi Metals Group, Rexon Components, Incorporated, Detec, Toshiba Materials Co., Limited, Scintacor, EPIC Crystal Company Limited, Amcrys, Alpha Spectra, Incorporated, Shanghai SICCAS High Technology Corporation, and Nihon Kessho Kogaku Co., Limited.

Why Purchasing This Study Can Help You:

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn benefits organizations to collect a larger market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies (sector entry, product improvement/innovative projects, sector development, business diversification, and opposing assessment) for strengthening their market shares.

This study furnishes highlights on the following points:

- Business entry: Exhaustive information on the products and services provided by key players in the inorganic scintillators market. The analysis examines the inorganic scintillators market by scintillation material, category, and application.

- Product improvement/Innovative products: In-depth understanding on up-on-coming technologies, analysis and growth activities, and recent product launches in the inorganic scintillators market

- Industry development: Highlighted information about profitable emerging sectors. The market research examines the industries for light detectors across localities

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the inorganic scintillators market

- Opposing assessment: Detailed assessment of market shares, strategies, products, and distribution networks of the leading actors in the inorganic scintillators market

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