North America Inorganic Scintillators Market, By Scintillation Material (Sodium Iodide (NAI), Cesium Iodide (CSI), Lutetium Oxyorthosilicate (LSO) & 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), By Country (U.S., Canada , Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Inorganic Scintillators Market
North America 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 5.3% in the forecast period of 2021 to 2028 and is expected to reach USD 184.37 million by 2028. Growth of R&D in the healthcare industry and increase in chronic diseases are the major drivers which propelled the demand of the market in the forecast period.
Scintillators are kinds of materials that provide detectable photons in the visible part of the light spectrum, following the passage of a charged particle or a photon. The scintillator consists of a transparent crystal, usually a phosphor, plastic or organic liquid that fluoresces when struck by ionizing radiation. This feature is widely used in medical imaging to detect X-rays or gamma rays. Inorganic scintillators are employed in most of the current medical diagnostic imaging modalities using x-rays or gamma rays.
In inorganic scintillators the strength and durability is the crucial factor driving the demand for inorganic scintillators for densitometry, thickness monitoring of steel and other metals, oil exploration, wireline logging, nuclear medicine, medical imaging, life sciences and other applications. The rising investments in residential and commercial construction activities across the major geographies are expected to propel the demand for inorganic scintillators in the coming years. Whereas the cost and harmful effect of radiation is hindering the market growth.
The inorganic scintillators market report provides details of market share, new developments, and product pipeline analysis, 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.
North America Inorganic Scintillators Market Scope and Market Size
Inorganic scintillators market is segmented on the based on the basis of scintillation material, type, application and end users. 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 North America inorganic scintillators market is segmented into Sodium Iodide (NAI), Cesium Iodide (CSI), Lutetium Oxyorthosilicate (LSO) & 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, sodium iodide segment is expected to dominate the market as it has better absorbing and luminesce power compares to others.
- On the basis of type, the North America inorganic scintillators market is segmented into alkali halides, oxide compounds and rare earth metals. In 2021, alkali halides segment is expected to dominate the market because it has the most pure activity property and detection ability for electrons.
- On the basis of application, the North America inorganic scintillators market is segmented into medical imaging, nuclear medicine, radioprotection, oil exploration, process industry, life sciences and others. In 2021, medical imaging segment is expected to dominate the market because of the increasing diagnoses activities in recent years
- On the basis of end-users, the North America inorganic scintillators market is segmented into healthcare, homeland security and defines, nuclear power plants, industrial applications and others. In 2021, healthcare segment is expected to dominate the market due growing demand of inorganic scintillators in healthcare equipment.
Inorganic Scintillators Market Country Level Analysis
The inorganic scintillators market is analyzed and market size information is provided on the basis of scintillation material, type, application and end users.
The countries covered in the inorganic scintillators market report are the U.S., Canada, and Mexico.
Inorganic scintillators segment in North America region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increasing research development for enhancing the product quality. U.S is leading the growth of the North America inorganic scintillators market due to rising number of conferences. Canada is expected to grow due to the increasing installations of PET scanners worldwide. Mexico is expected to grow due to increase in suppliers and distributors of radiation detection, monitoring, and safety devices and accessories.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Increase in geriatric population with chronic diseases and rising demand for maintaining a healthier lifestyle are boosting the market growth of inorganic scintillators
Inorganic scintillators market also provides you with detailed market analysis for every country growth in Inorganic scintillators industry with Inorganic scintillators drugs sales, impact of advancement in the Inorganic scintillators technology and changes in regulatory scenarios with their support for the Inorganic scintillators market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Inorganic Scintillators Market Share Analysis
Inorganic scintillators market competitive landscape provides details by 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 breath, 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 North America inorganic scintillators market are Merck KGaA, Hangzhou Freqcontrol Electronic Technology Ltd., Alpha Spectra, Inc., NUVIATech Instruments, Thermo Fisher Scientific Inc., Alkor Technologies, Hellma GmbH & Co. KG, Omega Piezo Technologies, Rexon Components ,Inc., Saint-Gobain, Hamamatsu Photonics K.K., Hitachi, Ltd., Shanghai SICCAS High Technology Corporation, Scintacor, X-Z LAB, INC., Epic Crystal, Dynasil Corporation, BERKELEY NUCLEONICS CORPORATION, Scionix Holland, Detec, TOSHIBA MATERIALS CO., LTD., NIHON KESSHO KOGAKU CO., LTD. among others.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the inorganic scintillators market.
For instance,
- In August 2021, Hamamatsu Photonics K.K. announced that they have developed a new profile sensor with an embedded computing function. This addition of new product has increased their product portfolio
- In January 2020, Hitachi, Ltd. announced that Hitachi Elevator (China) Co., Ltd. (Hitachi Elevator (China)) has completed its construction of the H1 TOWER, for its research, development, and manufacturing facility in Guangzhou, China. This has increased the production capacity in China
Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company market in the Inorganic scintillators market which also provides the benefit for organization to improve their offering for inorganic scintillators.
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