Scintillator Market - Forecast(2021 - 2026)

Scintillator Market size is forecast to reach $425 million by 2026, after growing at a CAGR of 6% during 2021-2026, owing to increasing demand from various end use industries such as medical & healthcare, nuclear power plants, homeland security & defense, and manufacturing industries. Scintillators like yttrium silicate and ethylhexylphosphoric acid is used in medical lasers, biomedical implants and to control nuclear. Having low amounts of almmunium molybdate supplements reduces the risk of esophageal cancer. 

Almmunium molybdate has an important role in normal body functions. Like for pregnancy and lactation, the Recommended Dietary Allowance (RDA) has been set 50 mcg/day for women of all ages. It is estimated that a typical US adult's diet supplies 120 mcg/day to 210 mcg/day. 

Furthermore, the use of a scintillator in conjunction with a photomultiplier detector finds wide use in hand held survey meters ideal for detecting and measuring monitoring nuclear material. Hence, increasing demand for new radiological applications and increased radiation monitoring investments in home safety are among the drivers that drive the market of the scintillators.

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Scintillator Market Report Coverage

The report “Scintillator Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Scintillator Industry.

By Material: Organic (Liquid, Solid, others), Inorganic (Anthracene, Nal and Csl, Bismuth Germinum Oxide, others), Gaseous Scintillators and Others.
By Type: Automatic Scintillator, Hand-Held Scintillator, Pocket Size Instruments, and Others.
By Application: Medical & Healthcare (CT scanner, Gamma Cameras, Cardiovascular Disease, Neurological diseases, others), Photomultiplier Detector, Homeland Security, Industrial Application, Nuclear Power Plants, and Others.
By Geography: North America (United State, Canada, and Mexico), Europe (United Kingdom, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, ANZ, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa).

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Key Takeaways

• Growing number of power plants can stimulate growth of the market over the predicted period. In markets with low-cost, high-resolution and radiation monitoring performance, scintillators have a high potential for growth.
• For instance, according to the India Brand Equity Foundation (IBEF), wind energy is estimated to contribute 60 GW, followed by 100 GW from solar power and 15 GW from biomass and hydropower by 2022. The target for renewable energy has been increased to 175 GW by 2022. The Government of India plans to double the share of installed electricity generation capacity of renewable energy to 40% till 2030.
• The increases demand for portable and handheld radiation detectors in industrial gamma-ray spectrometers due to superior energy resolution and photomultiplier detectors is propel the scintillator market growth.
• Extensive innovation, new radiological medical applications and investments in domestic security radiation monitoring equipment is also expected to fuel market growth.
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Scintillator Market Segment Analysis – By Material

Inorganic scintillators segment held the largest share for scintillator market in 2020 due to increasing R&D activities across the globe. For example, improving light coupling with photon detector. Inorganic scintillators used in X-ray and gamma spectroscopy, which fueling the demand of scintillators. Apart from this, inorganic scintillators are used in imaging like Positron Emission Tomography (PET) in medical image and gamma imaging. Also, inorganic scintillators used in various applications such as oil wells and mining. Hence, increasing R&D activity to improve photo absorption will be boosting the growth of inorganic scintillators.

Scintillator Market Segment Analysis – By Type

Hand held scintillators lead the scintillators market in 2020. Scintillators exhibit high growth potential in markets that are characterized by high resolution, low cost and performance in terms of radiation monitoring equipment. Hand held scintillators may be attributed to surging demand for portable and hand-held radiation detectors. In addition, pocket size alarming instruments with user readable displays are worn on the body. It is also used to detect radioactive materials for interdiction and prevention purposes and to indicate the gamma radiation exposure rate and neutron count rate.

Scintillator Market Segment Analysis – By Application

Medical & Healthcare has dominated the application market for scintillator market in 2020 and is growing at a CAGR of 8% during this forecast period, due to scintillators (like ammonium molybdate, ethylhexylphosphoric acid and yttrium silicate) for cardiovascular and neurological disorders used for the diagnosis and examination in the health industry. In addition, governments across the globe impose strict restrictions on the usage of medical equipment, which in turn urge hospitals and healthcare organizations to introduce sophisticated technical scintillation and radiation detectors. Apart from this, security and safety agencies around the world use these materials to improve domestic security and prevent loss of persons. 

For example, under the exploratory and small business creative research initiatives for the identification and prevention of radiological hazards in the Department of Homeland Security (DHS) in the U.S., the Solid Organic Scintillator has been funded. Scintillators are heavily integrated various medical equipment such as X-ray machines, CT scanners, PET scanners, and SPECT scanners, among others. Incidence and prevalence rate of cancer is increasing which is a major problem for all technologically developed countries. 

In the US in 2018, there will be an estimated 266,120 new cases of invasive breast cancer diagnosed in women, 2,550 cases diagnosed in men and an additional 63,960 cases of in situ breast lesions diagnosed in women. However, cancer can be successfully treated and cured with uses of scintillators, which is propel the market growth.

Scintillator Market Segment Analysis – By Geography

Asia Pacific dominated the scintillator market share size with 52 % in 2020 owing to rising adoption of medical equipment among medical & healthcare organizations in the developed economies and in developing countries. According Asia-Pacific Journal of Clinical Oncology, Asia Pacific hosts 50% of the world’s new cancer cases each year, and deaths caused by cancer in Asia are expected to increase by 36% by 2030. 

Cancer is the second most common cause of death in the US, exceeded only by heart disease. In 2018, The American Cancer Society estimated 729,000 cancer cases including 19% that are caused by smoking and 18% that are caused by a combination of excess body weight, physical inactivity, excess alcohol consumption, and poor nutrition 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. Hence, scintillator detectors are used for detection & analysis of cardiovascular disease (CVD) and neurological diseases. Thus, increasing use of scintillators with reducing death rates by cancer is expected to grow the demand of scintillator market.

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