Global Medical Radiation Shielding Market– Industry Trends and Forecast to 2025

Global Medical Radiation Shielding Market is expected to reach USD 1691.8 million by 2025, from USD 1045.5 Million in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

For reaching towards the success at local, regional as well as international level, this high quality global medical radiation shielding market research report is a state-of-the-art solution. Clients get clear understanding of the market place with a nice combination of best industry insight, practical solutions, talent solutions and latest technology while using this report for the business growth. This medical radiation shielding market report considers various factors that have great effect on the growth of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the medical device industry.

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The usefulness of SWOT analysis and Porter’s Five Forces analysis in generating market research report makes it preferable by the businesses and hence also used while preparing this medical radiation shielding report. In addition, this market report also endows with top to bottom estimation of the market with respect to income and developing business sector. The report is a great source of an in-depth market analysis to prosper in this competitive environment. Further, market drivers and market restraints displayed in this medical radiation shielding report gives idea about the rise or fall in the consumer demand for the particular product depending on a number of factors.

Major Market Competitors/Players: Global Medical Radiation Shielding Market

Some of the major players operating in global 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.), Veritas Medical Solutions LLC (U.S.), ESCO Technologies Inc. (U.S and Ultraray Canada), Thogus (USA). Mars Metal Company

Competitive Analysis: Global Medical Radiation Shielding Market

The Global Medical Radiation Shielding Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical radiation shielding market for global, Europe, North America, Asia Pacific and South America.

Market Drivers and Restraints:

Growth in the prevalence of chronic diseases such as cancer

Increasing rate of diagnostic imaging centers and prompt installation of radiology equipment

Growing safety awareness and healthcare industry worldwide

High price of MRI device and procedures

Market Segmentation: Global Medical Radiation Shielding Market

The Global Medical Radiation Shielding Market is segmented based on product, solution, end user and geographical segments.

Based on Product, the market is segmented into MRI shielding products, shields, barriers, and booths, X-Ray rooms, sheet lead, lead bricks, lead curtains, lead-lined doors and windows, lead glass, lead-lined drywalls, lead-lined plywood, high-density concrete blocks and lead acrylic.

Based on Solution, the market is segmented into radiation therapy shielding and diagnostic shielding.

Based on End user, the market is segmented into hospitals and diagnostic centers.

Based on Geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others

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Key Developments in the Market:

In September 2017, Ultraray Group Inc. acquired Techlem Medical Corp. for company growth and to hold up position as a leading manufacturer and distributor of medical products

In March 2018, ESCO Technologies Inc. (NYSE: ESE) announces acquisition of the Manta Test System Inc. (Manta) to create more market opportunities to increase corporate-wide growth strategies.

Customization of the Report:

All segmentation provided above in this report is represented at country level.

All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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