North America Scintillator Market to Witness Significant Growth During Forecast Period
Increasing R&D
investments and government funding to drive the North America scintillator
market during forecast period
According to
TechSci Research report, “North
America Scintillator Market By Material, By Application, By End User, By
Country, Competition, Forecast & Opportunities, 2025”, the North America scintillator market is expected to grow
at a steady CAGR during the forecast period owing to the increasing demand for
new radiological medical applications and growing investments for radiation
monitoring in homeland security. Additionally, advantages such as the ability
to accommodate samples of any type such as liquids, solids, suspensions, and
gels; the ease of sample preparation, the ability to be able to carry out more
than one labelling experiments, among others associated with scintillators are
further expected to drive the growth of North America scintillator market
through 2025. However, the requirement for high initial investments and
interferences observed during the energy transfer process can hamper the growth
of market during forecast period.
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The North
America scintillator market is segmented based on material, application, end
user, company and country. Based on material, the market can be bifurcated into
organic and inorganic. The inorganic segment is expected to hold a significant
market share attributable to their high coefficient of conversion for ionizing
radiation into light energy, convenient emission range, ability to produce
large size crystals, availability at low prices, among others.
Canberra Industries
Inc., Ludlum Measurements Inc., Mirion Technologies Inc., Radiation Monitoring
Devices, Zecotek Photonics, Saint-Gobain Corporation, Hitachi Metals America
Ltd, Hamamatsu Photonics, Rexon Components Inc., TDL Systems Inc. and others are some of the
leading players operating in North America scintillator market. The companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“The scintillator
market in North America is expected to register robust growth during the
forecast period on account of the increased use of the radiation therapy for curing
cancer and the presence of numerous nuclear power plants in the region. Additionally,
growing popularity of scintillators among the department of homeland security in
the US is further expected to propel the North America scintillator market over
the coming years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“North America Scintillator Market By
Material, By Application, By End User, By Country, Competition, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of North America scintillator market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in North America scintillator market.
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