As per our report, the global inorganic scintillators market size is anticipated to grow at a 5.24% CAGR from 2023 to 2028. The market was valued at USD 314.16 million in 2023 and be worth USD 405.56 million by 2028.
Inorganic Scintillators are transparent crystals, which dimensions range is from millimeters to centimeters. These scintillators are commonly used to find ionizing radiation and manufactured with alkali halides and oxides and located in the form of crystals at very high temperatures. These crystalline structures create an energy band through which electrons can reach the highest excitation levels through the ionizing emission of photons. These inorganic scintillation materials are used in defense, medical, security, and many others. Countries like the U.K., China, UAE, India, and South Korea decided to continue with their plans for building nuclear power plants.
Increased usage of scintillating materials in industries such as defense, medical, security, and others primarily boost the global inorganic scintillators market growth.
The market growth is majorly driven by the highest safety needed after the many nuclear accidents and disasters. The increase in security for the homelands and the expansion of nuclear plants these reasons for rising demand levels for the global inorganic scintillators market. Moreover, the advancements in radiographic system technology and the increasing incidents of chronic diseases are expected to boost the market growth in the coming years. The growing use of C.T. or PET scans in medical treatments is bolstering the demand of the market. A PET scan is used in the fields of cardiology, psychiatry, and neurology. Cancer cells need high-intensity radiation after the PET scan, where the physicians can get the images of the cancer tumor. The increasing incidents of cancer will drive the inorganic scintillator market in the forecast period.
The lesser workforce and reducing the number of power plants in Japan and Europe hinder the growth of the global inorganic scintillators market. Nowadays, current labor laws are protecting the rights of workers health. As a result, in some cases, some personnel who were not correctly trained accidentally come in contact with toxic radiation and unable to control the particular situation. Also, there are so many failures in radiological screening, but there were no executions for corrective actions.
COVID-19 Impact on the global inorganic scintillators market:
The world has been placed on high alert due to the novel coronavirus (COVID 19) pandemic. In early March 2020, the World Health Organization announced a global pandemic. Due to their high stability in the presence of strong ionizing radiations, inorganic scintillators are used for detection. When exposed to elevated levels of radiation, inorganic scintillators show luminescence. Over the projected period, the medical industry's growing reliance on radiological imaging would drive demand for scintillators. Because of the evolving pattern of digital imaging, X-ray imaging is another important aspect of the medical equipment market.
At high temperatures, oxides and alkali halides are used to create them. Growing nuclear terrorism threats and cancer incidences propel the competition and allow different market participants to improve their technical skills. Inorganic scintillators are widely used in various uses, including national defense, healthcare, nuclear power plants, and manufacturing processes. Inorganic scintillators are increasingly used in radiation detection and other applications due to their high density, high atomic number, short decay time, and low cost; as the industry impact of COVID-19 increases, the global inorganic scintillators market is expected to have a minor effect between 2020 and 2025.
Market Size Available
2022 to 2028
2023 to 2028
By Scintillation Material, Type, Application, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa
This research report on the global inorganic scintillators market has been segmented based on the scintillation material, type, application, and region.
Inorganic Scintillators Market– By Scintillation Material:
Based on scintillation material, the Sodium iodide segment has the largest share in Inorganic Scintillators Market. Thallium-activated sodium iodide is the most predominant scintillation material used. It is a consequence of its superior properties at an extremely affordable price. Its excellent light yield, coupled with its luminescence spectrum, is well matched to present photomultiplier tubes. Caesium iodide is another chief material used in the medical imaging sector and the security industry. Its hygroscopic nature and shock sensitivity have increased its market penetration in various mobile detection systems. It is frequently used where low, and high-energy gamma rays are involved.
Inorganic Scintillators Market – By Type:
Based on type, the Alkali halides segment has the largest share in this market. Its superior properties, such as high resolution, sensitivity, and efficiency, have led to its extensive use in the medical imaging and devices sector. It is anticipated to be a result of the growing market. Rare earth metals held the second-largest share in this market segment owing to their extensive use as radiation detection material. The excellent properties of these materials have resulted in an increase in their level of market penetration over the coming years.
Inorganic Scintillators Market – By Application:
Based on application, the healthcare sector held the largest share in this market. The x-ray imaging industry is going through a transition from thin film to digital, which took place in the photography sector over the past decade. Early adoption in the medical industry regarding a move towards digital and digital x-ray imaging has become the latest trend. Detector prices have dropped over the past few years, which has caused the lowering of prices for scintillating materials. The nuclear power plant sector was the second-largest segment. It can be attributed to the growth in nuclear energy, henceforth leading to an increase in the penetration of radiation detection materials.
Inorganic Scintillators Market – By Region:
Regionally, the North American region held the largest share globally, followed by Europe in 2020. Growth in the demand for advanced medical equipment coupled with an increasing focus on nuclear power and improvement in security is expected to expand the market over the forecast period.
Asia-Pacific is expected to register the highest growth rate in the coming years. Emerging economies, including India and China, are improving their security systems at stations, ports, and airports by installing radiation detection systems. The emerging markets are expected to offer high potential over the coming years.
KEY MARKET PARTICIPANTS:
Noteworthy companies leading the global inorganic scintillators market profiled in this report are Saint Gobain S.A., Hamamatsu Photonics K.K., Dynasil Corporation of America, Hitachi Metals Group, Rexon Components Inc., Detec, Toshiba Materials Co., Ltd., Scintacor, EPIC Crystal Company Limited, Amcrys, Alpha Spectra, Inc., Shanghai SICCAS High Technology Corporation and Nihon Kessho Kogaku Co. Ltd.
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