The global organic scintillators market size is expected to gain momentum owing to the increasing demand for portable radiation detectors and the surging investment in R&D activities to develop advanced organic scintillators across the globe. This information is published by Fortune Business Insights in its upcoming report, titled, “Organic Scintillators Market Size, Share & Industry Analysis, By Product type (Organic Crystals, Organic Liquids, Plastic Scintillators), By Application (Radiation Detection, Medical Imaging, Others) and Regional Forecast, 2022-2029.”
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Organic Scintillators Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Organic Scintillators Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
What does the Report Include?
The report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides a comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.
DRIVING FACTORS
Increasing Demand for Portable Radiation Detectors to Aid Growth
The rising prevalence of chronic disease drives the demand for the adoption of advanced technologies. This is leading the manufacturers to develop advanced radiology devices such as the organic scintillators that prove beneficial in detecting and further treating chronic ailments. Additionally, the rising investment in R&D activities to develop portable radiation detectors is expected to bode well for the global organic scintillators market growth in the forthcoming years.
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REGIONAL INSIGHTS
Increasing Prevalence of Cancer in North America to Promote Growth
Among all the regions, North America is expected to remain at the forefront and hold the highest position in the global organic scintillators market during the forecast period. This is attributable to the increasing prevalence of people suffering from Cancer that propel the demand for advanced organic scintillator devices in the region. According to the American Cancer Society, around 1,762,450 new cancer cases were diagnosed in the U.S. IN 2019.
The market in Asia-Pacific is anticipated to experience considerable growth owing to favorable government policies and the increasing focus on R&D activities across healthcare industries that will drive the demand for organic scintillators in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
Major Companies Focus on Product Innovation to Brighten Their Market Prospects
The global organic scintillators market comprises small, medium, and large companies that are striving to maintain their stronghold by developing innovative organic scintillators devices to cater to the growing demand from the healthcare industry. Such initiatives are expected to further contribute to the growth of the market in the forthcoming years.
Industry Development:
- September 2020 – Florida State University Researchers develop a new X-ray organic scintillator that is affordable and eco-friendly than the existing technologies. This device converts radiation of an X-ray into a visible light and paves way for exploring new methods to develop advanced radiation detecting devices.
List of the Companies Profiled in the Market:
- Saint-Gobain Crystals
- EPIC Crystal
- Rexon Components
- Inrad Optics
- Detec
- Advatech UK Limited
- Eljen Technology
- ME Taylor Engineering,Inc
- Cryos-Beta
- PROTEUS, Inc
- Others
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