April 12, 2024

The Global Liquid Scintillation Analyzer Market Growth Accelerated By Advancement In Scintillation Technologies

Liquid scintillation analyzers are lab equipment used for detection and analysis of radioactive samples such as samples from agriculture, healthcare, and various research applications. With advancement in scintillation detectors, analyzers provide accurate detection of low-level radiation samples with high sensitivity levels.

The global Liquid Scintillation Analyzer Market is estimated to be valued at US$ 1.41 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Traditionally, liquid scintillation analyzers used photomultiplier tubes (PMTs) to detect radiation. However, researchers are developing new scintillation materials with improved detection properties. For instance, companies are replacing traditional organic scintillators with inorganic scintillators such as cerium-doped lutetium fine silicate (LFS) crystals, which offer higher resolution and sensitivity. Furthermore, development of silicon photomultipliers instead of conventional PMTs is enabling compact analyzer designs with improved detection efficiency. Such technological developments are enhancing capabilities of liquid scintillation analyzers, thereby accelerating their adoption across various end-use industries.

Segment Analysis

The global liquid scintillation analyzer market can be segmented into biochemical analyzer and radiation measurement. The biochemical analyzer segment dominated the market in 2023 as these analyzers are extensively used by organizations and laboratories to detect nuclear radiation where radioactive samples are dissolved in a solvent. They are widely adopted for analyzing organic and inorganic samples in healthcare, food & beverage testing, blood testing and environmental testing.

Key Takeaways

The Global Liquid Scintillation Analyzer Market Size is expected to witness high growth. The global Liquid Scintillation Analyzer Market is estimated to be valued at US$ 1.41 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.

North America accounted for the largest share of the liquid scintillation analyzer market in 2023 owing to rapid establishment of various diagnostic laboratories and research centers conducting nuclear research in countries like the US and Canada. The presence of key players like Bosch Rexroth and growing healthcare expenditure in the region also supports market growth.

Key players operating in the liquid scintillation analyzer market are Bosch Rexroth, Thermo Fisher Scientific, PerkinElmer, Hidex, Berthold Technologies, Beckman Coulter, Rotem Industry. Bosch Rexroth accounted for the largest revenue share in 2023 attributed to its wide geographic presence and robust product portfolio.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it