Dublin, May 28, 2018 (GLOBE NEWSWIRE) -- The "Scintillators Market to 2025 - Global Analysis and Forecasts by Material Composition, Industries and End Products" report has been added to ResearchAndMarkets.com's offering. The scintillators market is estimated to account for US$ 609.4 Mn by the end of 2025, escalating at a CAGR of 6.5% during the forecast period, rising from US$ 373.2 Mn in 2017. The growth of scintillators market is attributed to the rising adoption of medical equipment among medical & healthcare organizations in the developed economies and in developing countries. In recent years, the cases of cancer have been increasing tremendously and the trend is anticipated to remain the same in the upcoming years. Change in lifestyle has resulted in more exposure to oncogenic factors. In 2015, The American Cancer Society estimated 1,658,370 cancer cases to be detected in the US. Cancer can be cured if diagnosed and treated at an initial stage. Furthermore, scintillators are being used widely for sentinel and breast node detection in gamma cameras to obtain high sensitivity and better spatial resolution. Scintillation detectors are used for detection & analysis of cardiovascular disease (CVD) and neurological diseases. In CVD, medical imaging is used for blood flow analysis and heart functioning. According to the fact sheet published by the British Heart Foundation in February 2018, number of patients suffering from CVD in the UK was nearly 7 million in 2016. This number is expected to increase in the future owing to sedentary lifestyle, improper eating habits, and obesity. In addition, the medical & healthcare sector is booming with continuous advancements in medical technology. This is also an active driver for the scintillators market as scintillators are heavily integrated onto various medical equipment such as X-ray machines, CT scanners, PET scanners, and SPECT scanners, among others. Moreover, in many countries, the governments mandate regulations for the usage of medical devices. This is forcing hospitals and healthcare organizations to procure technologically advanced scintillation and radiation detectors with organic or inorganic scintillators. The significant positive change in medical & healthcare sector in North America region is anticipated to show a positive growth in scintillators market from 2018 to 2025. The fastest growing region in global scintillators market is anticipated to be Asia Pacific. The region is experiencing a significant growth in industrial sector. Various general engineering industries such as automotive, mechanical instruments and mining and metal industries are growing at a rapid rate in the region. Pertaining to the need for contamination monitoring, non-destructive testing, and thermal neutron activation analysis, the companies are increasingly adopting scintillating technologies. This factor is also bolstering the market for scintillators in Asia Pacific region. Furthermore, the defense authorities are striving to strengthen their homeland security teams and minimize personnel loss from radioactive rays and materials. Key Topics Covered: 1 Tables & Figures 2 Introduction 2.1 Scope of the Study 2.2 Research Report Guidance 3 Key Takeaways 4 Market Landscape 4.1 Market Overview 4.2 Market Segmentation 4.3 Global Scintillators Market - By Material Composition 4.4 Global Scintillators Market - By Industries 4.5 Global Scintillators Market - By End Products 4.6 Global Scintillators Market - By Geography 4.7 PEST Analysis 5 Global Scintillators Market - Key Market Dynamics 5.1 Key Market Drivers
- Advances in Medical Imaging Technologies
- Increase in Homeland Security Measures
5.2 Key Market Restraints
- Dwindling Numbers of Nuclear Power Plants in European Countries
5.3 Key Market Opportunities
- Proposed Increase in Number of Nuclear Power Plants in Asian Countries
5.4 Future Trends
- Use of Scintillators in Space Missions and Exploration
5.5 Impact Analysis of Drivers and Restraints 6 Scintillator Market - Global 6.1 Global Scintillators Market Overview 6.2 Global Scintillator Market Forecast and Analysis 7 Global Scintillators Market Analysis - By Material Composition 7.1 Overview 7.2 Organic Scintillators 7.2.1 Overview 7.2.2 Global Organic Scintillators Market Revenue and Forecasts to 2025 (US$ Mn) 7.2.2.1 Single Crystal Scintillators 7.2.2.2 Liquid Scintillators 7.2.2.3 Plastic Scintillators 7.3 Inorganic Scintillators 7.3.1 Overview 7.3.2 Global Inorganic Scintillators Market Revenue and Forecasts to 2025 (US$ Mn) 7.3.2.1 Alkali Halides Scintillators 7.3.2.2 Oxide Based Scintillators 8 Global Scintillators Market Analysis - By Industries 8.1 Overview 8.2 Research & Industrial 8.3 Nuclear Power Plants 8.4 Medical & Healthcare 8.5 Oil & Gas 8.6 Others 9 Global Scintillator Market Analysis - By End Products 9.1 Overview 9.2 Portable End Products 9.3 Fixed End Products 10 Global Scintillators Market - Geographical Analysis 11 Industry Landscape 11.1 Market Initiative 11.2 New Development 12 Competitive Landscape 12.1 Competitive Product Mapping 12.2 Market Positioning - Global Top 5 Players Ranking 13 Global Scintillators Market - Key Company Profiles
- Radiation Monitoring Devices Inc.
- Canberra Industries
- Hamamatsu Photonics
- Hitachi Metals Ltd.
- Ladlum Measurements Inc.
- Rexon Components and TDL Systems Inc.
- Scintacor Ltd.
- Zecotek Photonics Inc.
- Detec
- Epic Crystals
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