As per the research report, the size of the Europe Inorganic Scintillators market was valued at USD 71.78 million in 2023 and is predicted to reach USD 93.50 million by 2028 to grow at 5.43% CAGR from 2023 to 2028.
Increasing levels of terrorism high focus by local government authorities for supportive initiatives is expected to improve national security. Increased defense and security spending will increase the demand for inorganic scintillators in European regions' defense and national security industry. In addition, healthcare, bio-energy sources like nuclear power, and security and defense have some essential uses for inorganic scintillators, which helps the European inorganic scintillator market grow.
Factors such as the growing number of imaging centers, increasing budget allocations for defense and national security, the preference for adequate radiation protection in medical facilities, and growing interest from crucial companies to invest in this market will drive the market growth. In addition, the growing need for sophisticated medical imaging devices for cancer treatment with an increase in research activity has led to the overall expansion of this industry. Moreover, the increasing number of CT scans PET scans due to the high incidence of cancer will create lucrative opportunities for the Europe inorganic scintillator market.
After the Chernobyl disaster, increasing security threats, large security budgets for commercial events, and threats of nuclear power terrorism have led to advancement in radiation detection materials used for national security purposes. Furthermore, it has shown that European governments increase their security by placing radiation detection equipment at entry points at various public places. All these factors mentioned above will drive the European inorganic scintillators market in the years to come.
However, certain restraints and challenges will hamper the Europe inorganic scintillators market. One of the primary restraints is hygroscopicity, which makes the products susceptible to moisture and increases storage and maintenance costs. In addition, liquid scintillators are relatively bulky, making them difficult to store.
This research report on the Europe Inorganic Scintillators Market has been segmented and sub-segmented into the following categories:
By Scintillation Material:
By Type:
By Application:
By Country:
Geographically, the German inorganic scintillators market size is anticipated to grow at a steady CAGR of around 1.88% during the analysis period. Factors that will drive the market are increasing security threats, high incidence of cancer, risk of radiation contamination seen during PET / CT procedures, and the ever-growing threat of nuclear terrorism seen in this region.
The German market is the most dominant regional market in Europe, attributed to adopting renewable energy sources for power generation than on nuclear and coal resources. These government-led initiatives will further increase the market growth in this region during the forecast period, thus helping it maintain its dominant position.
The France inorganic scintillators market was the second-largest market, accounting for 29.85% of the studied market. The growing threat of terrorism and increasing defense research and development have led to propulsive growth in recent years.
High consumption of alcohol, tobacco, the elderly population, and other related lifestyles contribute to the growing incidence of cancer among the EU population. It will boost the technological advancements in the healthcare industry, and it can be considered one of the crucial factors responsible for driving the French inorganic scintillator market during the analysis period.
The Spain inorganic scintillators market will be projected to grow at a decent CAGR in the European market during the forecast period. The local Spanish government provides substantial grants for installing scintillators in the region.
The growing application of inorganic scintillators, particularly the nuclear imaging systems in this region, will create significant growth opportunities in the coming years. In addition, other European regions such as the United Kingdom, Netherland, and Italy are anticipated to have good revenues in the years to come.
KEY MARKET PLAYERS
Key players operating in the Europe Inorganic Scintillators market profiled in this report are Saint Gobain S.A., Hamamatsu Photonics K.K., Dynasil Corporation of America, Hitachi Metals Group, Rexon Components Inc., Detec, Toshiba Materials Co., Ltd., Scintacor, EPIC Crystal Company Limited, Amcrys, Alpha Spectra, Inc. Shanghai SICCAS High Technology Corporation, and Nihon Kessho Kogaku Co. Ltd.,
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