As per the research report, the size of the North America Inorganic Scintillators market was valued at USD 101.16 million in 2023 and is expected to reach USD 128.43 million by 2028 to grow at 4.89% CAGR from 2023 to 2028.
The increasing market penetration of scintillating materials in medical imaging devices and the growing trend to use low-cost scintillating materials for radiation detection will play a critical part in driving the market expansion during the forecasted period. In addition, cesium iodide and sodium iodide thin film imaging plates have seen increased demand in recent years due to the low cost and superior performance compared to phosphorus plates.
As a result, the need for inorganic scintillators was reported to be US $ 325 million in 2016. Since then, there has been increasing demand for domestic security materials, which has led to a rapid expansion in the industrial market for inorganic scintillators.
The North American region has seen an increasing incidence of cancer cases contributing to the increase in the number of PET / CT scanners and the growing threat of nuclear terrorism. According to the National Cancer Institute, 1.76 billion new cancer cases were reported in the United States in the year 2019. There is a growing trend of using radiation sensing materials in the medical imaging industry because of their superior qualities over other substances. Due to terrorism threats, this region is improving its security systems, where inorganic scintillators are included in stations, ports, and airports as radiation detection devices.
In addition, increased government support for R&D to reduce budgets for security and associated events fuel the North American inorganic scintillator market. However, the growth observed in this is slowing due to the increased incidence of cancer among workers of nuclear plants. Based on the information collected from carexcanada.com, approximately 86,000 Canadians in total were exposed to ionizing radiation in their work environment. It can note that most workers were exposed to ionizing radiation from low exposure.
In contrast, the growing demand for energy derived from renewable sources such as wind, solar, and geothermal, which are popular substitutes for nuclear power, will threaten this market. In addition, disposal of bio-active material remains a challenge in the region.
This research report on the North America Inorganic Scintillators Market has been segmented and sub-segmented into the following categories:
By Scintillation Material:
By Type:
By Application:
By Country:
Geographically, the U.S inorganic scintillators market is estimated at 89 million USD in 2022. The United States is projected to represent most of the North American inorganic scintillator market during the analysis period. This market has the largest share attributed to the growing prevalence of cancer, wide adoption of nuclear imaging systems, government initiatives with growing safety concerns, and more nuclear power plants present in the United States.
As of the end of 2020, the United States has listed 94 commercial operating reactors in 56 nuclear plants across 28 states, based on the information from eia.org. In addition, this region has a growing demand for renewable energy derived from sources such as solar power. The U.S has the rapid growth of defense research and the increasing threat of terrorism, thus projecting to boost several growth opportunities in the years to come.
The Canada inorganic scintillators market is anticipated to reach a projected market size of 126 million USDby 2028, with a compound annual rate of 3.1% over the 2023 to 2028 analysis period. There are supportive government initiatives, the increase in the number of nuclear power plants, growing safety concerns, and the increasing number of conferences in Canada responsible for the market growth rate.
According to rncan.gc.ca, around six atomic power reactors are working in Canada, with a massive generation of over 14,100 megawatts. Canada also has the most significant operating nuclear power plant operating globally. Therefore, this region is expected to become a lucrative market during the forecast period and generate high revenue for the Canadian inorganic scintillator market.
KEY MARKET PLAYERS
Companies playing a dominant role in the North America Inorganic Scintillators market profiled in this report are Dynasil Corporation of America, Hitachi Metals Group, Rexon Components Inc., Detec, Toshiba Materials Co., Ltd, Shanghai SICCAS High Technology Corporation, and Nihon Kessho Kogaku Co. Ltd, Saint Gobain S.A., Hamamatsu Photonics K.K, Scintacor, EPIC Crystal Company Limited, Amcrys, Alpha Spectra, Inc.,
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