The global scintillation counters market is projected to grow at a CAGR of 5.8% during the forecast period of 2024-2031, reaching a value of USD YY million by 2031, up from USD YY million in 2024. North America dominates the market, accounting for YY% of the global share in 2024, driven by the presence of a well-established healthcare infrastructure, increasing investments in nuclear medicine, and the growing adoption of scintillation counters in various industrial applications. The market is witnessing steady growth due to the rising prevalence of chronic diseases, the increasing demand for radioisotopes in medical diagnostics and therapeutics, and the growing applications of scintillation counters in environmental monitoring and radiation safety.
Increasing Prevalence of Chronic Diseases Driving Demand for Nuclear Medicine
The scintillation counters market is rapidly expanding as the prevalence of chronic diseases such as cancer and cardiovascular ailments increases, driving demand for more advanced diagnostic and therapeutic methods in nuclear medicine. Scintillation counters are used to detect and quantify radioactivity in a variety of nuclear medicine applications, such as PET, SPECT, and radioimmunotherapy. According to the World Health Organisation (WHO), cancer is the world's second biggest cause of death, accounting for YY million deaths in 2021. The rising prevalence of chronic diseases is predicted to boost demand for scintillation counters in the healthcare industry.
Technological Advancements Enhancing Efficiency and Sensitivity
Continuous advances in scintillation counter technology are an important driver of market expansion. Manufacturers are focussing on developing new technologies that improve detection efficiency, sensitivity, and energy resolution. For example, the use of digital signal processing (DSP) technology in scintillation counters has greatly improved performance by lowering background noise and increasing counting accuracy. Furthermore, the advancement of multi-channel analysers and coincidence counting techniques has broadened the application of scintillation counters in a variety of disciplines, including environmental monitoring, nuclear safety, and scientific research.
High Cost of Scintillation Counters and Lack of Skilled Professionals
Despite increased demand for scintillation counters, their expensive cost remains a significant hindrance to industrial expansion, particularly in developing countries. Scintillation counters are complex devices that demand cutting-edge technology and high-quality components, resulting in expensive manufacture and maintenance costs. The high initial cost required to obtain scintillation counters may limit their employment, especially in small-scale laboratories and research facilities. Furthermore, the scarcity of professional persons qualified to operate and maintain scintillation counters restricts market growth. The scarcity of skilled technicians and the necessity for specialised training programs may impede the successful use of scintillation counters in a variety of applications.
Liquid Scintillation Counters Dominate the Market
Liquid scintillation counters are predicted to dominate the scintillation counter market over the forecast period. In 2024, the liquid scintillation counters industry was responsible for more than YY% of the global market share. Liquid scintillation counting is a prominent technique for detecting and quantifying low-energy beta emitters like tritium and carbon-14, which have a variety of applications in biological sciences, drug development, and environmental monitoring. For many applications, liquid scintillation counters are the optimum choice because to their high sensitivity, minimal background noise, and ability to monitor a wide range of sample types. Growing research efforts in radiopharmaceuticals, as well as rising need for environmental radiation monitoring, are projected to drive the liquid scintillation counters market in the approaching years.
North America: Leading Market for Scintillation Counters
North America is likely to maintain its lead in the scintillation counters market due to its well-established healthcare infrastructure, increased investments in nuclear medicine, and the growing use of scintillation counters in a variety of industrial applications. By 2024, the area will account for 40% of total revenue, with the United States leading the way. The increased incidence of cancer and cardiovascular illness, together with the growing desire for early detection and effective treatment choices, is driving up the use of scintillation counters in the healthcare industry. Furthermore, the presence of strong radiation safety and environmental monitoring requirements is driving up demand for scintillation counters in the region.
Hitachi Ltd. will introduce a new range of digital liquid scintillation counters, the "Hitachi AccuFLEX series," in 2024, with enhanced counting efficiency, reduced background noise, and advanced data analytics capabilities.
In 2023, the United States Nuclear Regulatory Commission (NRC) established new rules for the use of scintillation counters in nuclear power plants, emphasising the significance of regular calibration and maintenance to maintain accurate radiation measurements.
The scintillation counters market is dominated by a few of global and regional competitors, with rivalry centred on product quality, technological improvements, and after-sales support. The market's leading companies include Hitachi Ltd., Mirion Technologies, Inc., Hidex Oy, PerkinElmer Inc., and Berthold Technologies GmbH & Co. KG. These companies are strengthening their market positions through strategies such as product innovation, mergers and acquisitions, and distribution network expansion.
Mirion Technologies, Inc. bought Capintec, Inc., a prominent provider of nuclear medicine calibration and measuring systems, in 2024 to broaden its product line and strengthen its position in the healthcare industry. PerkinElmer Inc., on the other hand, is substantially investing in R&D to create sophisticated scintillation counter technologies such as the "PerkinElmer TriCarb 5810TR," which provides increased sensitivity and reduced background noise for environmental and scientific applications.
Looking ahead, the scintillation counters market is expected to grow gradually due to the rising prevalence of chronic diseases, higher demand for radioisotopes in medical applications, and the growing use of scintillation counters in environmental monitoring and radiation protection. However, factors such as the high cost of scintillation counters and a scarcity of qualified personnel may limit market expansion to some extent. Nonetheless, the general picture is optimistic, with emerging markets offering major development prospects to market participants.
The scintillation counters market is changing as a result of the growing demand for better radiation detection and measurement technologies in a variety of applications including healthcare, nuclear power, environmental monitoring, and scientific research. The market has enormous growth potential, especially in the healthcare sector, where the rising prevalence of chronic diseases and the use of nuclear medicine are driving demand for scintillation counters.
To fully fulfil this promise, market participants must overcome the barriers posed by the high cost of scintillation counters and a scarcity of skilled personnel. Manufacturers should focus on producing cost-effective and user-friendly solutions that meet the needs of a wide range of clients, from major nuclear reactors to tiny research institutes. Collaborations among industry players, academic institutions, and government agencies can help to bridge the skill gap and encourage the use of scintillation counters through training and education initiatives.
Innovation will be critical to determining the future of the scintillation counter sector. Companies that can develop sophisticated technologies, such as solid-state detectors and digital signal processing, to increase the performance and reliability of scintillation counters will gain a competitive advantage. Furthermore, integrating scintillation counters with other technologies like automation and data analytics can improve workflow efficiency and decision-making in a variety of applications.
To recap, the scintillation counters market has substantial growth potential, owing to rising demand for advanced radiation detection and measurement technologies in healthcare, nuclear power, and environmental monitoring. To fully exploit market potential, market participants must solve cost and skilled workforce challenges. In this volatile environment, success will depend on creativity, teamwork, and customer-centric solutions.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES
4.1. Hitachi Ltd.
4.2. Mirion Technologies, Inc.
4.3. Hidex Oy
4.4. PerkinElmer Inc.
4.5. Berthold Technologies GmbH & Co. KG
4.6. Thermo Fisher Scientific Inc.
4.7. Ludlum Measurements, Inc.
4.8. Agilent Technologies, Inc.
4.9. Beckman Coulter, Inc.
4.10. Scintacor Ltd.
4.11. (LIST NOT EXHAUSTIVE)
5. MARKET DYNAMICS
5.1. Market Trends
5.1.1. Increasing Prevalence of Chronic Diseases Driving Demand for Nuclear Medicine
5.1.2. Growing Adoption of Scintillation Counters in Environmental Monitoring
5.1.3. Rising Interest in Radiopharmaceuticals and Targeted Therapies
5.2. Market Drivers
5.2.1. Technological Advancements Enhancing Efficiency and Sensitivity
5.2.2. Increasing Investments in Nuclear Medicine and Radiation Safety
5.2.3. Expanding Applications in Research and Industrial Sectors
5.3. Market Restraints
5.3.1. High Cost of Scintillation Counters
5.3.2. Lack of Skilled Professionals for Operation and Maintenance
5.4. Market Opportunities
5.5. Porter's Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Bargaining Power of Buyers/Consumers
5.5.3. Bargaining Power of Suppliers
5.5.4. Threat of Substitute Products
5.5.5. Intensity of Competitive Rivalry
5.6. Supply Chain Analysis
5.7. Value Chain Analysis
5.8. Trade Analysis
5.9. Pricing Analysis
5.10. Regulatory Analysis
5.11. Patent Analysis
5.12. SWOT Analysis
5.13. PESTLE Analysis
6. BY PRODUCT TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
6.1. Liquid Scintillation Counters
6.2. Plastic Scintillation Counters
6.3. Others
7. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Healthcare
7.1.1. Diagnostic Imaging
7.1.2. Therapeutic Applications
7.1.3. Clinical Research
7.2. Nuclear Power Plants
7.2.1. Radiation Monitoring
7.2.2. Decommissioning and Waste Management
7.3. Manufacturing
7.3.1. Quality Control
7.3.2. Process Monitoring
7.4. Others
8. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)*
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. Europe
8.2.1. Germany
8.2.2. United Kingdom
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. Australia
8.3.5. South Korea
8.3.6. Rest of Asia-Pacific
8.4. Latin America
8.4.1. Brazil
8.4.2. Argentina
8.4.3. Rest of Latin America
8.5. Middle East & Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. South Africa
8.5.4. Rest of Middle East & Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
By Product Type:
Liquid Scintillation Counters
Plastic Scintillation Counters
Others
By Application:
Healthcare
Nuclear Power Plants
Manufacturing
Others
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
We at Aurorawave Intellects Market Report gives total market analysis that suit our customer business need and permit decision maker to run organizations without any problem. We have accomplished greatness in giving start to finish market research arrangements. Our detachment of industry specialists accumulate key data and get ready substance that lines up with our customer's business/specialty.
We at aurorawaveintellects.com offer mainly 3 types of licenses:
• Single User: Research Report copy can be distributed to a single user only
• Multi User: Research Report distribution is restricted up to 5 users.
• Corporate License :Research Report can be distributed across the company.
Based on the nature of the topic or research, the formats vary. The different formats of the report are as following:
• Word Document
• PPT
Following modes are available for making the payment:
• Online Payment (Visa Card, Master Card, Stripe)
• Razorpay
• Net Banking
• Bank Wire Transfer
Our customer service and research specialist team are available by phone and by email. Customer service hours are 24X7 Indian Standard Time (IST). You may reach us at:
• Email: info@aurorawaveintellects.com
• United Kingdom: ++91 7382742511
