Inorganic Scintillators Market
PUBLISHED: 2024 ID: SMRC27547
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Inorganic Scintillators Market

Inorganic Scintillators Market Forecasts to 2030 - Global Analysis By Type (Alkali Halides, Oxide Compounds, Rare Earth Metals and Other Types), Material, Application, End User and By Geography

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4.3 (27 reviews)
Published: 2024 ID: SMRC27547

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Inorganic Scintillators Market is accounted for $561.1 million in 2024 and is expected to reach $961.9 million by 2030 growing at a CAGR of 9.4% during the forecast period. Materials known as inorganic scintillators are elements which release light when they come into contact with ionizing radiation, which includes particles, gamma rays, and X-rays. Usually, inorganic crystals like bismuth germanate, cesium iodide, or sodium iodide is used to make them. These crystals react to radiation by excit electrons, which release ultraviolet or visible light. 

Market Dynamics: 

Driver: 

Growing demand for radiation detection in healthcare

Effective radiation detection is driving up demand for inorganic scintillators in healthcare applications, especially in positron emission tomography and single-photon emission computed tomography. These substances play a critical role in diagnostic imaging systems by converting high-energy radiation into visible light. Technological developments in scintillator technology enhance performance, sensitivity, and robustness, promoting broader medical application usage and propelling market expansion.

Restraint:

Competition from organic scintillators

Because they are more affordable and simpler to produce, organic scintillators are becoming more and more popular, which could eventually cause inorganic alternatives to lose market share. Stricter environmental laws governing the use of hazardous elements in inorganic scintillators have also had an impact on this change. These laws could limit the market for inorganic goods and raise compliance expenses. Customers might like organic materials because they are less expensive.

Opportunity:

Increased use in national security and defense

Inorganic scintillators are becoming more and more in demand due to growing threats to global security and the need for efficient radiation detection systems in defense applications. These scintillators are vital for ionizing radiation detection and measurement, which makes them indispensable for homeland security applications such as border protection and nuclear threat detection. Advanced radiation detection systems see an increase in investment as a result of increased government funding on defense technologies.

Threat:

Limited availability of raw materials

Rare-earth elements like lutetium, yttrium, and bismuth, which are costly and challenging to get, are frequently used in inorganic scintillators. Profit margins are lowered and production expenses rise as a result. Supply chain instability can result in delays in scintillator manufacturing and delivery. Examples of such interruptions include geopolitical tensions, trade restrictions, and environmental laws in important locations like China.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the Inorganic Scintillators Market, causing disruptions in production and supply chains. Lockdowns led to temporary closures of manufacturing facilities, resulting in delays for key projects and a slowdown in market growth. Moreover the pandemic generated personnel constraints in manufacturing plants due to social distancing measures and health concerns, hindered production processes and efficiency. Market instability and demand changes in several areas, including medical imaging, led to greater demand but falls, affecting inventory management.

The alkali halides segment is expected to be the largest during the forecast period

During the forecast period, the alkali halides segment is anticipated to register the largest market share  because alkali halide research is broadening the range of applications for these materials and improving their performance attributes, such as decay time and light yield. Environmental factors, such as the need to comply with the Restriction of Hazardous Substances (RoHS) regulations, can have an impact on material selection and production methods. This can force manufacturers to choose safer substitutes while still meeting performance requirements.

The medical imaging segment is expected to have the highest CAGR during the forecast period

During the projection period, the medical imaging segment is expected to grow at the highest CAGR owing to early and precise diagnosis is necessary due to the rising number of chronic diseases and cancer diagnoses, there is a growing demand for sophisticated imaging equipment. These systems require inorganic scintillators such as sodium and cesium iodide, which increases the market for scintillator materials. Improvements in medical imaging technology, such as resolution, sensitivity, and speed, require more effective and high-performing inorganic scintillators, which is fueling the market's expansion.

Region with largest share:

The North America region is projected to account for the largest market share during the forecast period because chronic diseases are becoming more common and early diagnosis is essential, inorganic scintillators are essential to medical imaging technologies such as PET and CT scanners. The US's focus on national security and nuclear threat detection has led to increasing investment in radiation detection systems, relying mainly on inorganic scintillators for accurate and efficient performance.

Region with highest CAGR:

The Asia Pacific region is predicted to witness the lucrative growth rate throughout the forecast period owing to investments in healthcare infrastructure by China, Japan, India, and South Korea are driving up demand for medical imaging technologies such as PET and CT scanners. For these devices, inorganic scintillators are essential, which propels market expansion. As a result of the Asia Pacific region's growing reliance on nuclear energy, inorganic scintillators are needed for radiation monitoring and detection, especially in China and India.

Key players in the market

Some of the key players in Inorganic Scintillators Market include Alkor Technologies, Alpha Spectra Inc, Berkeley Nucleonics Corporation, Detec, Dynasil Corporation, Electro-Optics Technology Co Ltd, Epic Crystals Co Ltd, Hamamatsu Photonics K.K., Hellma Gmbh & Co.KG, Hitachi Ltd, Nihon Kessho Kogaku Co Ltd, Omega Piezo Technologies, Rexon Components, Inc., Saint-Gobain, Scintacor , Shanghai SICCAS High Technology Coporation, Thermo Fisher Scientific Inc and Toshiba Materials Co Ltd. 

Key Developments:

In October 2024, Thermo Fisher Scientific Inc., introduced more sustainable packaging for 125,000 of its Invitrogen™ antibodies. Through functional and stability testing, Thermo Fisher has demonstrated that a significant portion of its Invitrogen antibody portfolio can be maintained at ambient temperature conditions during transport.

In October 2024, Thermo Fisher Scientific Inc. launched the Thermo Scientific™ iCAP™ MX Series ICP-MS to simplify trace element analysis with inductively coupled plasma mass spectrometry (ICP-MS). The launch includes a new single quadrupole Thermo Scientific iCAP MSX ICP-MS and triple quadrupole.

In September 2024, Hitachi completed acquisition of MA micro automation of Germany, a leading provider of robotic and automation technology. Both JR Automation and MA micro automation have strong, recognized brands and will continue to do business under their existing names.

Types Covered:
• Alkali Halides 
• Oxide Compounds 
• Rare Earth Metals 
• Other Types 

Materials Covered:
• Cesium Iodide
• Sodium Iodide
• Bismuth Germanate Oxide
• Lanthanum Bromide (LaBr3)
• Cerium-doped Lutetium Oxyorthosilicate (LSO:Ce)
• Barium Fluoride (BaF2)
• Cerium Bromide (CeBr3)
• Gadolinium Orthosilicate (GSO)
• Other Materials

Applications Covered:
• Medical Imaging 
• Homeland Security & Defense 
• Nuclear Power Plants 
• Radioprotection 
• Oil Exploration 
• Other Applications  

End Users Covered:
• Healthcare 
• Energy Sector 
• Industrial 
• Other End Users   

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Application Analysis    
 3.7 End User Analysis     
 3.8 Emerging Markets     
 3.9 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Inorganic Scintillators Market, By Type   
 5.1 Introduction     
 5.2 Alkali Halides     
 5.3 Oxide Compounds     
 5.4 Rare Earth Metals     
 5.5 Other Types     
        
6 Global Inorganic Scintillators Market, By Material   
 6.1 Introduction     
 6.2 Cesium Iodide     
 6.3 Sodium Iodide     
 6.4 Bismuth Germanate Oxide    
 6.5 Lanthanum Bromide (LaBr3)    
 6.6 Cerium-doped Lutetium Oxyorthosilicate (LSO:Ce)  
 6.7 Barium Fluoride (BaF2)    
 6.8 Cerium Bromide (CeBr3)    
 6.9 Gadolinium Orthosilicate (GSO)   
 6.10 Other Materials     
        
7 Global Inorganic Scintillators Market, By Application  
 7.1 Introduction     
 7.2 Medical Imaging     
 7.3 Homeland Security & Defense    
 7.4 Nuclear Power Plants    
 7.5 Radioprotection     
 7.6 Oil Exploration     
 7.7 Other Applications     
        
8 Global Inorganic Scintillators Market, By End User   
 8.1 Introduction     
 8.2 Healthcare     
 8.3 Energy Sector     
 8.4 Industrial      
 8.5 Other End Users     
        
9 Global Inorganic Scintillators Market, By Geography  
 9.1 Introduction     
 9.2 North America     
  9.2.1 US     
  9.2.2 Canada     
  9.2.3 Mexico     
 9.3 Europe      
  9.3.1 Germany     
  9.3.2 UK     
  9.3.3 Italy     
  9.3.4 France     
  9.3.5 Spain     
  9.3.6 Rest of Europe    
 9.4 Asia Pacific     
  9.4.1 Japan     
  9.4.2 China     
  9.4.3 India     
  9.4.4 Australia     
  9.4.5 New Zealand    
  9.4.6 South Korea    
  9.4.7 Rest of Asia Pacific    
 9.5 South America     
  9.5.1 Argentina    
  9.5.2 Brazil     
  9.5.3 Chile     
  9.5.4 Rest of South America   
 9.6 Middle East & Africa    
  9.6.1 Saudi Arabia    
  9.6.2 UAE     
  9.6.3 Qatar     
  9.6.4 South Africa    
  9.6.5 Rest of Middle East & Africa   
        
10 Key Developments      
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 10.2 Acquisitions & Mergers    
 10.3 New Product Launch    
 10.4 Expansions     
 10.5 Other Key Strategies    
        
11 Company Profiling      
 11.1 Alkor Technologies     
 11.2 Alpha Spectra Inc     
 11.3 Berkeley Nucleonics Corporation   
 11.4 Detec      
 11.5 Dynasil Corporation     
 11.6 Electro-Optics Technology Co Ltd   
 11.7 Epic Crystals Co Ltd     
 11.8 Hamamatsu Photonics K.K.    
 11.9 Hellma Gmbh & Co.KG    
 11.10 Hitachi Ltd      
 11.11 Nihon Kessho Kogaku Co Ltd    
 11.12 Omega Piezo Technologies    
 11.13 Rexon Components, Inc.    
 11.14 Saint-Gobain     
 11.15 Scintacor      
 11.16 Shanghai SICCAS High Technology Coporation  
 11.17 Thermo Fisher Scientific Inc    
 11.18 Toshiba Materials Co Ltd    
        
List of Tables       
1 Global Inorganic Scintillators Market Outlook, By Region (2022-2030) ($MN)
2 Global Inorganic Scintillators Market Outlook, By Type (2022-2030) ($MN)
3 Global Inorganic Scintillators Market Outlook, By Alkali Halides (2022-2030) ($MN)
4 Global Inorganic Scintillators Market Outlook, By Oxide Compounds (2022-2030) ($MN)
5 Global Inorganic Scintillators Market Outlook, By Rare Earth Metals (2022-2030) ($MN)
6 Global Inorganic Scintillators Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Inorganic Scintillators Market Outlook, By Material (2022-2030) ($MN)
8 Global Inorganic Scintillators Market Outlook, By Cesium Iodide (2022-2030) ($MN)
9 Global Inorganic Scintillators Market Outlook, By Sodium Iodide (2022-2030) ($MN)
10 Global Inorganic Scintillators Market Outlook, By Bismuth Germanate Oxide (2022-2030) ($MN)
11 Global Inorganic Scintillators Market Outlook, By Lanthanum Bromide (LaBr3) (2022-2030) ($MN)
12 Global Inorganic Scintillators Market Outlook, By Cerium-doped Lutetium Oxyorthosilicate (LSO:Ce) (2022-2030) ($MN)
13 Global Inorganic Scintillators Market Outlook, By Barium Fluoride (BaF2) (2022-2030) ($MN)
14 Global Inorganic Scintillators Market Outlook, By Cerium Bromide (CeBr3) (2022-2030) ($MN)
15 Global Inorganic Scintillators Market Outlook, By Gadolinium Orthosilicate (GSO) (2022-2030) ($MN)
16 Global Inorganic Scintillators Market Outlook, By Other Materials (2022-2030) ($MN)
17 Global Inorganic Scintillators Market Outlook, By Application (2022-2030) ($MN)
18 Global Inorganic Scintillators Market Outlook, By Medical Imaging (2022-2030) ($MN)
19 Global Inorganic Scintillators Market Outlook, By Homeland Security & Defense (2022-2030) ($MN)
20 Global Inorganic Scintillators Market Outlook, By Nuclear Power Plants (2022-2030) ($MN)
21 Global Inorganic Scintillators Market Outlook, By Radioprotection (2022-2030) ($MN)
22 Global Inorganic Scintillators Market Outlook, By Oil Exploration (2022-2030) ($MN)
23 Global Inorganic Scintillators Market Outlook, By Other Applications (2022-2030) ($MN)
24 Global Inorganic Scintillators Market Outlook, By End User (2022-2030) ($MN)
25 Global Inorganic Scintillators Market Outlook, By Healthcare (2022-2030) ($MN)
26 Global Inorganic Scintillators Market Outlook, By Energy Sector (2022-2030) ($MN)
27 Global Inorganic Scintillators Market Outlook, By Industrial (2022-2030) ($MN)
28 Global Inorganic Scintillators Market Outlook, By Other End Users (2022-2030) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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