Asia-Pacific Inorganic Scintillators Market, By Scintillation Material (Sodium Iodide (NAI), Cesium Iodide (CSI), Lutetium Oxyorthosilicate (LSO) and Lutetium–Yttrium Oxyorthosilicate (LYSO), Bismuth Germanate (BGO), Barium Fluoride, Lead Tungstate (PBWO4), Cadmium Tungstate (CDWO4), Cerium Bromide (CEBR3), Lanthanum Bromide (LABR3), Gadolinium Orthosilicate (GSO), Yttrium Aluminum Garnet YAG (CE), Gadolinium Oxysulfide (GOS) and Other Scintillation Materials.), Type (Alkali Halides, Oxide Compounds, and Rare Earth Metals), Application (Medical Imaging, Nuclear Medicine, Radioprotection, Oil Exploration, Process Industry, Life Sciences, and Others), End User (Healthcare, Homeland Security and Defense, Nuclear Power Plants, Industrial Applications and Others), Country (Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest Of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Asia-Pacific Inorganic Scintillators Market
Asia-Pacific inorganic scintillators market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.6% in the forecast period of 2021 to 2028 and is expected to reach USD 127.97 million by 2028. The rise in chronic diseases and cancer are the major drivers that propelled the market's demand in the forecast period.
Asia-Pacific inorganic scintillators market comprises features such as the growth of R & D in the healthcare industry. It will impact the launching of new products by the manufacturers into the market, enhancing its demand and rising demand for early diagnosis and treatment market growth. Various research studies are currently taking place, which is expected to create a competitive advantage for manufacturers to develop new innovative inorganic scintillator products. This is expected to provide various other opportunities in the inorganic scintillators market. However, difficulties associated with inorganic scintillators manufacturing and complex reaction and radiations are expected to restrain the market growth in the forecast period. The lack of skilled professionals in the region is a major challenge for the market growth.
The inorganic scintillators market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst brief; our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Inorganic Scintillators Market Scope and Market Size
The inorganic scintillators market is segmented based on scintillation material, type, application, end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of scintillation material, the Asia-Pacific inorganic scintillators market is segmented into sodium iodide (NAI), cesium iodide (CSI), lutetium oxyorthosilicate (LSO) and lutetium–yttrium oxyorthosilicate (LYSO), bismuth germanate (BGO), barium fluoride, lead tungstate (PBWO4), cadmium tungstate (CDWO4), cerium bromide (CEBR3), lanthanum bromide (LABR3), gadolinium orthosilicate (GSO), yttrium aluminum garnet YAG (CE), gadolinium oxysulfide (GOS) and other scintillation materials. In 2021, the sodium iodide segment is expected to dominate the inorganic scintillators market as it has a considerable light yield corresponding to a scintillation efficiency of about 13 percent, which gives accurate results.
- On the basis of type, the Asia-Pacific inorganic scintillators market is segmented into alkali halides, oxide compounds, and rare earth metals. In 2021, the alkali halides segment is expected to dominate the inorganic scintillators market because it has the purest activity property and detects neutrons easily.
- On the basis of application, the Asia-Pacific inorganic scintillators market is segmented into medical imaging, nuclear medicine, radioprotection, oil exploration, process industry, life sciences, and others. In 2021, the medical imaging segment is expected to dominate the inorganic scintillators market because of the better and efficient way to utilize x-rays or gamma rays.
- On the basis of end user, the Asia-Pacific inorganic scintillators market is segmented into healthcare, homeland security and defines, nuclear power plants, industrial applications, and others. In 2021, the healthcare segment is expected to dominate the inorganic scintillators market due to growing healthcare expenditure.
Inorganic Scintillators Market Country Level Analysis
The inorganic scintillators market is segmented based on scintillation material, type, application, end user.
The countries covered in the inorganic scintillators market report are Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, and Rest of Asia-Pacific.
The Asia-Pacific inorganic scintillators segment is expected to grow with the highest growth rate in the forecast period due to the increasing number of manufacturers. China is leading the growth of the Asia-Pacific inorganic scintillators market. The supplements segment dominates this country due to increasing chronic diseases and rising demand for inorganic scintillators.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Increase in Geriatric Population with Chronic Diseases is Boosting the Market Growth of Inorganic Scintillators
Inorganic scintillators market also provides you with detailed market analysis for every country's growth in the industry with its drugs sales, the impact of advancement in the technology, and changes in regulatory scenarios their support for the market. The data is available for the historical period 2010 to 2019.
Competitive Landscape and Inorganic Scintillators Market Share Analysis
Inorganic Scintillators market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Inorganic Scintillators market.
The major companies which are dealing in the Asia-Pacific inorganic scintillators market are Saint-Gobain, Dynasil Corporation, Hamamatsu Photonics K.K, Hitachi Ltd, Detec, TOSHIBA MATERIALS CO., LTD., SCINTACOR, Epic Crystal Co., Ltd, Alpha Spectra, Inc., Shanghai SICCAS High Technology Corporation, NIHON KESSHO KOGAKU CO., LTD., X-Z LAB, INC., Thermo Fisher Scientific, Inc., NUVIATech Instrument, Gammaspectacular, Kinheng Crystal Material(Shanghai) Co., ltd., among others.
Many product launches and agreements are also initiated by companies worldwide, which accelerates the inorganic scintillators market.
For instance,
- In September 2020, Dynasil Corporation announced that the company’s subsidiary Hilger Crystals had achieved certification ISO 45001:2018. The certification was provided for Occupational Health and Safety Standard. This has enhanced company’s overall income
- In September 2020, Epic Crystal announced in their newsroom that the company would be presenting its latest products, scintillators, and semiconductors in the Nuclear Industry China 2020 at booth number E35. This will further enhance their revenue and strengthen their position in the market
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player enhance the company market in the inorganic scintillators market, which also benefits the organization to improve its offering to the market.
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