DALLAS, July 11, 2014 /PRNewswire/ --
According to a new market research report "Scintillator Market by Composition of Material, Application (Healthcare, Homeland security, Industrial application, Nuclear Power Plants, and others), End Product (Personal Instrument, Hand-Held Instruments, Fixed, and Installed Instruments) & Geography - Global Forecast and Analysis to 2013 - 2020", published by MarketsandMarkets, the Scintillator Market is expected to grow at a CAGR of 5.62% from 2014 to 2020, and reach $479.16 Million in 2020.
Browse more than 94 data Tables with 48 Figures spread through 332 Pages and in-depth TOC on "Scintillator Market".
The elements behind the rapid upsurge in the Scintillator Market are the innovative and advanced technologies, government funding for increased R&D, wide need of radiation detection instruments across application markets, and development of high performance products at a low cost. In addition, depletion of Helium-3 for neutron detection in security operations, advancements in medical imaging and nuclear medicine, and increasing number of nuclear power plants is also believed to provide a further impetus to the growth of the scintillator market.
Till 2013, the 'Americas' held the largest revenue share followed by Europe- in scintillator materials, and related solutions. However, the APAC, with a CAGR of 9.56%, will be close to Europe in terms of the Scintillator Market revenue by 2020. The foremost factors accountable for the expansion of the Scintillator Market include improved resolution and performance requirement while optimizing the cost, increasing awareness for radiation safety measures, and demand for radiation safe
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