Medical Radiation Shielding: An Emerging Market with Latest Trends

Medical Radiation Shielding Market

According to the new market research “Medical Radiation Shielding Market by Solution (Radiation Therapy, Cyclotron, Multimodality, PET, SPECT, CT, MRI), Products (X-Ray, Shields, Booths, Sheet Lead, Bricks, Curtain), End User (Hospitals, Diagnostics Center) – Global Forecasts to 2021″, analyzes and studies the major market drivers, restraints/challenges, and opportunities. The overall market for medical radiation shielding is expected to reach $1,330.0 million by 2021 from $989.2 million in 2016, at a CAGR of 6.1%. 

The global Medical Radiation Shielding market is segmented based on solutions, product, and end user

On the basis of product, the global market is segmented into Shields, Barriers, Booths, X-ray rooms, Sheet Lead, Lead Bricks, Lead Curtains, Lead Lined Doors & Windows, Lead Glass, Lead Lined Drywalls, Lead Lined Plywood, High Density Concrete Blocks, Lead Acrylic, and MRI Shielding Products. MRI Shielding Products segment is expected to account for the largest share of the market. The high share of this segment is attributed to the increasing installation base of MRI scanners worldwide.

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On the basis of solution, the global market is divided into radiation therapy shielding and diagnostic shielding. In 2016, the diagnostic shielding segment is expected to account for the largest share of the medical radiation shielding market, by solution. Factors driving the growth of this market are the technological advancements and increasing adoption rate of medical diagnostic equipment.

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On the basis of end-users, the global medical radiation shielding market includes hospitals and diagnostic centers. The hospitals segment is expected to account for the largest share of the global market in 2016. Increasing number of hospitals and installation base of radiology equipment is the major factors driving the growth of this market.

Market Players

The key players in the Medical Radiation Shielding market are ETS-Lindgren (US), Nelco, Inc. (U.S.), Radiation Protection Products (U.S.), MarShield, (Canada), Ray-Bar Engineering Corp (U.S.), Amray (Ireland), Gaven Industries, Inc. (U.S.), A&L Shielding (Rome), Global Partners in Shielding, Inc. (U.S.), and Veritas Medical Solutions LLC (U.S.).

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