Scintillator Market – Key Revenue Pockets
Technological advancement and buzz for radiation detection and monitoring devices is driving the widespread demand for scintillator based detectors, owing to their ability to sense nuclear particles and radiation. The detection and identificationof subatomic particles by these materials is not only important for the nuclear non]proliferation efforts but has wide]ranging implicationson medical devices, radiography,biochemicalanalysis, particle physics, and even astrophysics.
Scintillator based detectors have been present in different industries (such as medical, security, and nuclear power industry) for a while,now; but huge R&D efforts and government funding is taking this technique to new heights. Inorganic scintillators are the most promising materials to be used in radiation detection devices, and account for more than 50% of the material market; however, continuous research activities are making room for new and advanced materials. Among these industry applications, homeland security, nuclear power industry, and medical applications are estimated to be the game changers for the growth of this market. These industries will be the new revenue pockets for the overall market in the upcoming future.
The ability of selectscintillators to produce high light yield and resolution within the cost limitis the major factor that influences the growth of this technologyacross various industries. Depletion of He-3 for neutron detection is also promoting alternatives based on scintillators, for nuclear plants and homeland security applications. Moreover, this techniqueis used for themass production of radiation detection, monitoring, and measurement equipment, which is not possible in case of the semiconductor based detectors.Saint Gobain (France)followed byLudlum Measurement (U.S.) are among the major manufacturers of these materials for the industrial, scientific, medical applications, and defense usage.
Radiation portal monitors and medical imaging devices are the major end products that rely on these materials for the detection of radiation. Demand for hand held and personal instruments for border security and radiation monitoring at nuclear power plants is expected to propel the growth of the scintillator based radiation detectors. Advances in scintillator based medical imaging devices including CT, PET, SPECT, and gamma camera would also be noticeable in the near future.
Thus, the homeland security and healthcare industry represents the future of the scintillator based applicationsand hold a huge potential in terms of its market revenue. Requirements of cost effective high performance solutions in radiation detection are the major factors responsible for the surge of this market in these two sectors. Continuous technological developments and research activities accompanied with government support are expected to, further,increase the growth of the overall market.
Related Reports:
Scintillator Market by Composition of Material, Application (Healthcare, Homeland security, Industrial application, Nuclear Power Plants, and others), End Product (Personal Instrument, Hand-Held Instruments, Fixed, and Installed Instruments) & Geography - Global Forecast and Analysis to 2013 – 2020
https://www.marketsandmarkets.com/Market-Reports/scintillator-market-214674977.html
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