Global Inorganic Scintillators Market – Rising Demand from Healthcare Sector to Boost Growth | Technavio

LONDON–(BUSINESS WIRE)–#BioChemicals–The global
inorganic scintillators market is expected to grow at a CAGR
of close to 6% from 2017-2021, according to a new market research report
by Technavio.

Global inorganic scintillators market segmentation by product and
geography

Technavio’s report on the global inorganic scintillators market analyses
the business dimensions and presents a comprehensive breakdown in terms
of market segmentation by product, which includes sodium iodide, cesium
iodide, bismuth germanate, and LSO and LYSO. As projected in 2016, over
37% of the market share originated from the sodium iodide segment.

Based on geography, the global
inorganic scintillators market has been segmented into North
America, Europe, APAC, and ROW. As of 2016, over 41% of the market share
came from North America.

“The demand for scintillators for security applications is increasing
because of the number of nuclear accidents and disasters in North
America. This is one of the major applications contributing to the
growth of the market in the region. Inorganic scintillators are
extensively being used in medical applications, such as the diagnosis of
cancer and treatment of tumors,” says Kurva Samba Sivudu, a lead
analyst at Technavio for bio-chemicals
and bio-materials research.

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Inorganic scintillators market: competitive vendor landscape

The global inorganic scintillators market is fragmented with the
presence of many global and local vendors. The parent market for the
global inorganic scintillators market is the global inorganic chemicals
market. The market in focus accounted for 0.04% of the parent market in
2016. Dynasil, Hamamatsu Photonics, Hitachi, Saint-Gobain, and Toshiba
Materials are the leading vendors in the market.

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Other topics covered in the report:

Market drivers:

• Excellent physical properties of inorganic scintillators
• Rising demand for inorganic scintillators in healthcare sector

Market challenges:

• Availability of substitutes
• High storage and material handling costs

Market trends:

• Increased R&D investments and material innovations
• Growing demand for inorganic scintillators in nuclear power plants in
  APAC

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inorganic scintillators market report free of cost

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