The Global Inorganic Scintillators Market was valued at USD 256.1 Million in 2016, and is expected to grow at a CAGR of 5.4% during 2020-2026. Factors influencing the market growth include rising threat of nuclear terrorism, strategic increase in number of nuclear power plants and growing dependence on radiological imaging in the medical sector.
Inorganic scintillators come across as materials that emit photon on getting exposed to radiation. This emission is termed as “scintillation”. Radiological imaging is on the verge of becoming an indispensable phenomenon in the healthcare industry. This factor is expected to drive the market further. X-Ray Imaging is another inevitable segment as far as medical equipment is concerned. As the focus is shifting toward digital imaging, demand for inorganic scintillators is estimated to increase by leaps and bounds.
The government of China is all set to localize production and focus more on innovation. This would positively impact the market. Besides, the Indian government’s extended support toward medical technology’s advancement is all the more crucial in propelling the expansion of market.