Europe 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 (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Rest of Europe) – Industry Trends and Forecast to 2028.
Market Analysis and Insights: Europe Inorganic Scintillators Market
Europe inorganic scintillators market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.9% in the forecast period of 2021 to 2028 and is expected to reach USD 140.38 million by 2028. The advantages of inorganic scintillators products and rising demand for early diagnosis and treatment are the major drivers that propelled the market's demand in the forecast period.
Inorganic scintillators comprise features such as the increase in geriatric population with chronic diseases will impact launching a new product by the manufactures into the market, which enhances its demand and increases investment in research and development, leading to the market growth. An increase in technological advancement has given manufacturers the advantage of developing new products with better efficiency in inorganic scintillators. This is expected to provide various other opportunities in the inorganic scintillators market. However, the limitation associated with the lack of skilled professionals and workers is expected to restrain the market growth in the forecast period. The high cost of these chemicals and inorganics scintillators is a challenge for 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.
Europe Inorganic Scintillators Market Scope and Market Size
Europe inorganic scintillators market is segmented on the basis of 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 Europe 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 market as it has an enormous light yield and absorbing properties.
- On the basis of type, the Europe 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 market because it has the most efficient results and easily detects neutrons.
- On the basis of applications, the Europe 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 market because of the increase in healthcare expenditure and R&D activities.
- On the basis of end-users, the Europe 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 market due to the growing demand for inorganic scintillators in healthcare equipment.
Inorganic Scintillators Market Country Level Analysis
Europe inorganic scintillators market is segmented on the basis of scintillation material, type, application, end user.
The countries covered in the inorganic scintillators market report are the Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Belgium, Austria, Norway, Hungary, Lithuania, Ireland, Poland, Rest of Europe.
The Europe inorganic scintillators segment is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 due to its rising demand. Germany is leading the growth of the Europe inorganic scintillators market. The supplements segment is dominating in this country due to the increase in the geriatric population with chronic diseases and the growth of R&D in the healthcare industry.
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 Europe 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.
Advantages of Inorganic Material and Rising Healthcare Expenditure are 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 drugs sales, the impact of advancement in the technology, and changes in regulatory scenarios with 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 are only related to the company’s focus on the inorganic scintillators market.
- The major companies which are dealing in the Europe inorganic scintillators market are Saint-Gobain, Dynasil Corporation, Hamamatsu Photonics K.K, Hitachi Ltd, Detec, SCINTACOR, Alpha Spectra, Inc., Alkor Technologies, Thermo Fischer Scientific Inc., Hangzhou Freqcontrol Electronic Technology Ltd., BERKELEY NUCLEONICS CORPORATION, Radanite (Beijing) Trading and Technology Co., ltd, Omega Piezo Technologies, Hellma GmbH & Co.KG, Scionix Holland, Merck KGaA, X-Z LAB, INC., among others.
Many product launches and agreements are also initiated by the companies’ worldwide, which also accelerates the inorganic scintillators market.
For instance,
- In March 2021, Alpha Spectra, Inc. announced that they have agreed with ORNL to commercialize a process to improve the 6LiI (Eu) developed at ORNL. This has increased the company product portfolio and sales as well
- In July 2020, BERKELEY NUCLEONICS CORPORATION announced that they had released a new device, the Topaz-SiPM MCA, a compact digital Multi-Channel Analyzer (MCA). This has increased their product portfolio
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player are enhancing the company market in the inorganic scintillators market, which also benefits the organization to improve their offering of the market.
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