In our research, we have categorized the scintillators market based on material composition, industry applications, and end products. The market features two primary types of scintillators: organic and inorganic scintillators. The organic scintillators category is further divided into single crystal scintillators, liquid scintillators, and plastic scintillators. Meanwhile, the inorganic scintillators segment encompasses alkali halide scintillators and oxide-based scintillators. Scintillators find applications across various industries, including nuclear power generation, healthcare, oil and gas, research, and other sectors. The end products are classified into fixed and portable categories.
The scintillators market is projected to reach approximately US$ 609.4 million by 2025, growing at a compound annual growth rate (CAGR) of 6.5% from a value of US$ 373.2 million in 2017. This growth is primarily driven by the increasing adoption of medical technologies in both developed and developing nations. The incidence of cancer has surged in recent years, a trend expected to continue. Lifestyle changes have led to greater exposure to cancer-causing agents. For instance, the American Cancer Society reported that in 2015, there were an estimated 1,658,370 new cancer cases in the United States. Early diagnosis and treatment are crucial for successful cancer management. Scintillators are extensively utilized in gamma cameras for sentinel and breast node detection, providing enhanced sensitivity and spatial resolution. Additionally, scintillation detectors play a vital role in diagnosing cardiovascular diseases (CVD) and neurological disorders. In the context of CVD, medical imaging techniques are employed to assess blood flow and heart function. According to a fact sheet from the British Heart Foundation published in February 2018, nearly 7 million individuals in the UK were affected by CVD in 2016, with numbers expected to rise due to sedentary lifestyles, poor dietary habits, and obesity.
Moreover, the healthcare sector is experiencing rapid advancements in medical technology, which significantly contributes to the growth of the scintillators market. Scintillators are integral components of various medical devices, including X-ray machines, CT scanners, PET scanners, and SPECT scanners. Additionally, regulatory mandates in several countries require the use of advanced medical devices, compelling hospitals and healthcare providers to invest in state-of-the-art scintillation and radiation detection technologies, whether organic or inorganic. The notable improvements in the healthcare sector in North America are expected to positively influence the scintillators market from 2018 to 2025. The Asia Pacific region is anticipated to be the fastest-growing market for scintillators globally, driven by substantial growth in the industrial sector. Industries such as automotive, mechanical engineering, and mining are expanding rapidly in this region. The increasing demand for contamination monitoring, non-destructive testing, and thermal neutron activation analysis is prompting companies to adopt scintillation technologies, further enhancing the market for scintillators in Asia Pacific. Additionally, defense agencies are working to bolster their homeland security measures and reduce personnel exposure to radioactive materials and radiation.
The scintillators market comprises both established companies and emerging players, including notable organizations such as Hamamatsu Photonics K.K., Ladlum Measurements Inc., Radiation Monitoring Devices Inc., Hitachi Metals Ltd., Scintacor Ltd., Rexon Components, TDL Systems Inc., Canberra Industries, Epic Crystals, Detec, and Zecotek Photonics Inc., among others.