Market Research Report
Global Scintillation Counters Market - 2020-2027
|Published by||DataM Intelligence||Product code||959389|
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|Global Scintillation Counters Market - 2020-2027|
|Published: September 4, 2020||Content info:||
Scintillation counter is a solid-state radiation detector which uses a scintillation crystal (phosphor) to detect radiation and produce light pulses. It functions over the emission of light flashes which gets detected by a photomultiplier or PIN Diode. Apart from detecting the presence of a particle, gamma ray or X-ray, scintillation counters can also measure the energy loss of the particle in the scintillating medium. Scintillation counters are used since they can be made at a low cost. They give good quantum efficiency and can determine both the energy and strength of the incident radiation. The global scintillation counters market valued USD XX billion in 2019 and is estimated to reach USD XX billion by 2027, growing at a CAGR of XX% during the forecast period.
The global scintillation counters market is mainly driven by the highest safety concerns after many nuclear accidents and disasters. Moreover, the increase in security for the homelands and the expansion of nuclear plants is expected to rise the demand for scintillation counters. In addition, advancements in radiographic system technology, as well as increasing incidents of chronic diseases, are expected to boost the market in forecast period. The growing use of C.T or PET scans in the medical treatments is boosting 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 key focus on product development with reference to the various applications mentioned above are high resolution, cost, and size.
However, high initial cost of implementation and interference in the energy transfer process is acting as restricting factors for the market growth.
The global scintillation counters market has been segmented by type into organic crystals, inorganic crystals and polymer phosphorous. Inorganic crystals segment is expected to dominate the global scintillation counters market in near future. It is expected to grow at a CAGR of XX% during the forecast period. Sodium Iodide scintillation detectors are the most popular which is used for many applications. Cesium Iodide held a significant share in the global scintillation counters market as it is another chief material used in the medical imaging sector and the security industry. Owing to its shock sensitivity and hygroscopic nature, its market penetration in various mobile detection systems increased. It is often used where low and high energy gamma rays are involved.
By geography, Asia Pacific is expected to be the fastest growing region with a CAGR of XX%. However, North America is expected to dominate the market due to the growing security concerns and increasing number of nuclear power plants in the region. Several key market players including Hitachi Metals America Ltd., CVR Industries USA, Inc. and AMETEK, Inc are present in this region.
The global scintillation counters market is fragmented in nature with the presence of many formulators. GE Healthcare Life Sciences, Hitachi Metals America Ltd., Scintacor, CANBERRA Industries Inc., PerkinElmer Inc., AMETEK, Inc., Toshiba Materials Co., Ltd., Energy Beam Sciences, Inc., John Caunt Scientific ltd. and Toshiba Materials Co., Ltd. are key players in the market among others. Emphasis is given on the expansion, merger, acquisition and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, in January 2018, John Caunt Scientific ltd. held a scintillation detectors event at partner Scionix. This event included radiation sensing & measurement. This workshop covered scintillation detector design and optimization along with new emerging scintillator technologies. This event created brand awareness for the company.