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Inorganic Scintillators Market Research Report 2025
The global inorganic scintillators market is expected to reach USD 491.0 million by 2025 . Increasing market penetration of scintillating materials in medical imaging devices is expected to result in propelling market expansion over the forecast period . Cesium iodide and sodium iodide thin film imaging plates have witnessed a surge in demand over the past few years on account of its low cost and superior performance as compared to phosphorus plates .
The increasing trend of using low-cost scintillating materials for the purpose of radiation detection has been a critical factor for growth . The demand for inorganic scintillating materials was USD 324.0 million in 2015 . Growing demand for domestic security materials has resulted in pushing the demand for inorganic scintillators market .
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The medical imaging sector has also witnessed an increasing trend of using radiation detection materials owing to their superior properties . Emerging economies including India and China are improving their security systems including stations , ports , and airports by installing radiation detection systems .
Further key findings from the Report :
Oxide compounds product segment is expected to witness the fastest revenue growth at a CAGR of 5.2 % from 2016 to 2024 . Companies such as Saint-Gobain , Hilger Crystals , and Lambda Photonics are some of the key players investing heavily in oxide based scintillating materials .
Lutetium Oxyorthosilicate & Lutetium-Yttrium Oxyorthosilicate material segment is expected to witness the fastest revenue growth at a CAGR of 6.0 % from 2016 to 2024 . Its superior properties including excellent energy resolution high light output and density have resulted increasing its market penetration over the past few years .
Healthcare , security and defence and nuclear power are some of the crucial sectors in the inorganic scintillators market . Increasing need for sophisticated medical imaging equipment and cancer treatment devices has resulted in an overall expansion of the industry .
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