The 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.
Medical radiation shielding market research report has been formed with most up-to-date insight and analysis to give maximum benefits to the semiconductors&electronics industry. The medical radiation shielding market report highlights the global key manufacturers to define, describe and analyze the market competition landscape via SWOT analysis. An array of objectives of the marketing research has been considered to generate this best market research report. The market data presented in the report helps to recognize different market opportunities present internationally. Competitive analysis performed in this medical radiation shielding report makes you aware about the moves of the key players in the market such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions.
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Major Market Competitors/Players:
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
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.
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.
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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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