Growth of Medical Radiation Shielding Market in Medical Devices

The Report “Medical Radiation Shielding Market Size & Share 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.”

The overall medical radiation shielding market is expected to reach $1,330.0 million by 2021 from $989.2 million in 2016, at a CAGR of 6.1%. Medical Radiation Shielding Market

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.).

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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Global market of medical radiation shielding is segmented into radiation therapy shielding and diagnostic shielding on the basis of solutions. The diagnostic shielding segment is expected to drive the global market during the forecast period. The technological advancements and increasing adoption rate of medical diagnostic equipment are the key factors propelling the growth of this market.

The major end users of medical radiation shielding systems include hospitals and diagnostic centres. The hospitals segment is expected to grow at a highest CAGR during forecast period. Increasing number of hospitals and installation base of radiology equipment is the major factors driving the growth of this market. Read More

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