Global Medical Radiation Shielding Market Size is estimated to expand rapidly in coming years, at a CAGR of 6.25 % from 2018 to 2025. In 2017, the global market valuation was USD 1.35 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Major growth of this market is mainly owing to the increasing adoption of radiotherapy treatments and devices by hospitals and clinics. Increasingly, several medical experts and health policymakers advocate using the recent medical developments to fight disease and cope with the increasing occurrence of disease. The supply for sophisticated radiotherapy facilities is therefore increasing.
The increasing number of installations of radiology devices is one of the key factors which will dominate the global medical radiation market in the forecast period. The increasing incidence of chronic diseases combined with the increased requirement for imaging test has resulted in an elevated level of use of radiology diagnostic tools. In addition, the use of pediatric radiology facilities is driven also by variables like technological progress, increased demand for technologically sophisticated radiology dental tools and a growing amount of radiologists. The ever more advanced and evolving nations ' implementation of the radiation therapies, and of different tumor therapy centers in hospitals and clinics are adding to the market growth.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global medical radiation shielding market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical radiation shielding market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Products Insights: On the basis of product, global medical radiation shielding market has been segmented into x-ray, shields, booths, sheet lead, bricks, curtain, and MRI shielding products. Among which MRI shielding product segment has accounted for largest share in the global market of medical radiation imaging sector.
By Solution Insights: On the basis of solution, global medical radiation shielding market has been segmented into radiation therapy, cyclotron, multimodality, PET, SPECT, CT, and MRI. Among which diagnostic shielding segment has accounted for largest share in the global market of medical radiation shielding market. The increasing adoption rate of medical diagnostic equipments and technological advances are the key factors dominating the growth of diagnostic shielding market.
The medical radiation shielding market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
From the geographical point of view, between 2018 and 2025 the industry APAC region is expected to witness highest growth. This growth is mainly ascribed to the rising awareness about radiation safety, increasing number of hospitals and adoption of radiation therapy in the emerging countries of APAC region such as China, India and Japan.
During the prediction era, North America will pay for the biggest percentage of the industry in medical radiation protection. This can be ascribed to the increasing use of radiotherapy and therapeutic facilities, the increasing understanding of the significance of radiation protection products and the powerful existence on the industry of main supplier companies.
Global Medical Radiation Shielding Market Size, Share Analysis by Region 2018
Global Medical Radiation Shielding Market Study Objective
1. To forecast the market size of medical radiation shielding market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of medical radiation shielding market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of medical radiation shielding market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of medical radiation shielding market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the medical radiation shielding market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
ETS-Lindgren, Nelco, Inc., Radiation Protection Products, MarShield, Ray-Bar Engineering Corp, Amray, Gaven Industries, Inc., A&L Shielding, Global Partners in Shielding, Inc., and Veritas Medical Solutions LLC are some of the key players in the market of medical radiation shielding market. These organizations have embraced a number of development policies to enhance their business situation. The main policies for growth taken by these teams are to increase brand pricing and global involvement to satisfy the increasing requirement of blasting officers in developing markets, expansion, fresh brand creation, partnership and takeover and cooperation.
Global Medical Radiation Shielding Market Study Report Offer You!
The global medical radiation shielding market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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