Global scintillator market is anticipated to grow at a CAGR of 4.7% during the forecast period (2024–2031). Increasing demand for scintillators is driven by the rise in nuclear power plant projects and the growing requirement for advanced radiation monitoring instruments in homeland security. The rapid growth of the global scintillator market is fueled by targeted research for various applications, the quest for neutron detection substitute, regulatory backing, government’s financial support and heightened concerns regarding radiation exposure safety.
Browse the full report description of “Scintillator Market Size, Share & Trends Analysis Report by Material Composition (Scintillators, and Inorganic Scintillators), and by Application (Healthcare, Nuclear Power Plants, Homeland Security and Defense, and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/scintillator-market
The market growth is also driven by rising demand for cost-effective, high-performance scintillators and heightened safety concerns. Increased investments in nuclear medicine are also contributing to market expansion. These can also prove to be of significant use for petroleum. Approvals and launches of new drugs and evolution in technology further expands the scope of the scintillator market.
Asia-Pacific is anticipated to experience rapid growth, supported by favorable government policies, heightened R&D investments and the establishment of new nuclear reactors. Meanwhile, North America is poised to lead the market, fueled by growing security concerns and nuclear threats. North America leads the inorganic scintillator market because of rising incidence of chronic diseases and heightened efforts by pharmaceutical companies to innovate new formulations prioritizing pediatric patients, accompanied by increased healthcare spending augmenting the market growth in this region.
Market Coverage
· The market number available for 2023-2031
· Base year: 2023
· Forecast period: 2024-2031
· Segment Covered-
o By Material Composition
o By Application
· Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape:
Key questions addressed by the report
Global Scintillator Market Report Segment
By Material Composition
By Application
Global Scintillator Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Italy
· Spain
· France
· Rest of Europe
Asia-Pacific
· China
· India
· Japan
· South Korea
· Rest of Asia-Pacific
Rest of the World
· Latin America
· Middle East and Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/scintillator-market