[150 Pages Report] The Global Scintillation Counters Market is expected to grow at a high CAGR of 5.5% during the forecasting period (2023 - 2030).
Scintillation Counters Market - Strategic Insights
| Metrics | Details |
| Market CAGR | 5.5% |
| Segments Covered | By Type, Inorganic Crystals, By Application and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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A Scintillation counter is a solid-state radiation detector that 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.
Scintillation Counters Market Dynamics
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 are expected to rise the demand for scintillation counters. Besides, advancements in radiographic system technology, as well as increasing incidents of chronic diseases, are expected to boost the market in the forecast period. The growing use of C.T or PET scans in 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 concerning the various applications mentioned above are high resolution, cost, and size.
However, the high initial cost of implementation and interference in the energy transfer process is acting as restricting factors for market growth.
Scintillation Counters Market Segmentation Analysis
The global scintillation counters market has been segmented by type into organic crystals, inorganic crystals, and polymer phosphorous. the Inorganic crystals segment is expected to dominate the global scintillation counters market in near future. It is expected to grow at a CAGR of YY% during the forecast period. Sodium Iodide scintillation detectors are the most popular which are 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 YY%. However, North America is expected to dominate the market due to the growing security concerns and the 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.
Scintillation Counters Companies and Competitive Landscape
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.
