Global Medical Radiation Shielding Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Healthcare Date : January 24th, 2019
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Global medical radiation shielding market is expected to grow significantly from USD 1086 million in 2017 to USD 1543 million in 2024, at a CAGR of 5.1% from 2018 to 2024. Factors driving the growth of the market are; technological advancements and growing adoption of medical diagnostic equipment coupled with increasing prevalence of oncology diseases. Furthermore, increasing usage of nuclear medicine and radiation therapy, and growing number of diagnostic imaging centers across the globe are propelling the industry growth over the forecast period. The years used for the assessment are as follows;

Historical year:2014, 2015, and 2016

Base year:2017

Forecast period:2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, government websites, annual reports, press releases, white papers, surveys, investor presentation of companies, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total global medical radiation shielding market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global medical radiation shielding market
  • Finalizing the overall size and share of the global medical radiation shielding market 

OBJECTIVES:

  • To analyze market trends, opportunities, drivers, and restraints associated with the global medical radiation shielding market
  • To study market response with respect to the mergers and acquisitions in the industry
  • To profile key companies operating in the medical radiation shielding market and provide their competitive landscape

MARKET SCOPE

The research scope for global medical radiation shielding market is as follows:

By Products

  • X-ray rooms
  • Sheet Lead
  • Lead Bricks
  • Lead Curtains
  • Lead Lined Doors & Windows
  • Shields
  • Barriers
  • Booths
  • Lead Glass
  • High Density Concrete Blocks
  • MRI Shielding Products
  • Clear Lead Acrylic

By Solution

  • Diagnostic Shielding
  • Radiation Therapy Shielding

By End-User

  • Diagnostic Centers
  • Hospitals
  • Oncology Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central & South America
  • Middle East and Africa

There has been a rapid development in medical equipment such as computed tomography (CT), magnetic resonance imaging (MRI), and nuclear medicine positron emission technology in recent years. Moreover, in developing countries, rapid epidemiological transition is also occurring, with disease burden shifting from infectious to chronic diseases. Additionally, increasing rates of obesity, high cholesterol, hypertension, smoking, and diabetes are responsible for the great burden of cardiovascular and cancer disease among others in developing regions. Therefore, these chronic diseases greatly depend on medical imaging examinations including CT, MRI, and radiation therapy.

However, these technologies are delivering a much higher dose of ionizing radiation and impacting the human health. The growing awareness among healthcare professionals and general public regarding medical radiation is augmenting the growth of the global medical radiation shielding market.

Geographically, the global medical radiation shielding market is segmented into North America, Europe, Asia-Pacific, Central & South America, and Middle East and Africa. North America held the major share of the global market in 2017, owing to growing usage of radiology equipment in hospitals and clinics and growing adoption of radiation therapy in the region.  Asia-Pacific region is expected to register highest CAGR over the forecast period. This is mainly attributed to the growing number of diagnostic imaging centers and growing adoption of medical diagnostic equipment.  Moreover, the emerging economies of Asia-Pacific such as China and India are wealthy markets in the making, as awareness about health hazards of radiation are inspiring a desire for radiation-free working environment.

Some of the key companies operating in the market include Gaven Industries Inc., MarShield , A&L Shielding, Nelco, Inc., Veritas Medical Solutions LLC, ETS-Lindgren, RAY-BAR ENGINEERING CORP, Global Partners in Shielding, Inc., and Amray, among others.

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Research methodology

1.2. Research scope & assumptions

1.3. List of data sources

CHAPTER 2. Executive Summary

2.1. Global Medical Radiation Shielding- Market Snapshot

CHAPTER 3. Industry Analysis

3.1. Market definition

3.2. Market segmentation

3.3. Key findings of the global medical radiation shielding market

3.4. Value chain analysis

3.5. Market opportunities & trends

3.5.1. Growing awareness among people

3.5.2. Growing number of diagnostic imaging centers across the globe

3.6. Market driver analysis

3.6.1. Growing adoption of medical diagnostic equipments

3.6.2. Increasing prevalence of oncology diseases

3.6.3. Increasing usage of nuclear medicine and radiation therapy

3.7. Market restraint analysis

3.7.1. High cost of MRI systems

3.8. Industry Analysis-Porters five forces of analysis

CHAPTER 4. Competitive Outlook

4.1. Company share analysis

4.2. Competitive factors

4.3. Strategies adopted

CHAPTER 5. Global Medical Radiation Shielding Market Size and Forecast (2014 – 2024)

5.1. Global Medical Radiation Shielding Market, By Products (USD Million)

5.1.1. X-ray rooms

5.1.2. Sheet Lead

5.1.3. Lead Bricks

5.1.4. Lead Curtains

5.1.5. Lead Lined Doors & Windows

5.1.6. Shields

5.1.7. Barriers

5.1.8. Booths

5.1.9. Lead Glass

5.1.10. High Density Concrete Blocks

5.1.11. MRI Shielding Products

5.1.12. Clear Lead Acrylic

5.2. Global Medical Radiation Shielding Market, By Solution (USD Million)

5.2.1. Diagnostic Shielding

5.2.2. Radiation Therapy Shielding

5.3. Global Medical Radiation Shielding Market, By End-user (USD Million)

5.3.1. Diagnostic Centers

5.3.2. Hospitals

5.3.3. Oncology Centers

5.3.4. Others

CHAPTER 6. Global Medical Radiation Shielding Market, By Geography

6.1. North America Medical Radiation Shielding Market

6.1.1. North America Medical Radiation Shielding Market By Products (USD Million)

6.1.2. North America Medical Radiation Shielding Market, By Solution (USD Million)

6.1.3. North America Medical Radiation Shielding Market, By End-user (USD Million)

6.1.4. North America Medical Radiation Shielding Market, By Country

   6.1.4.1. U.S.

   6.1.4.2. Canada

   6.1.4.3. Mexico

6.2. Europe Medical Radiation Shielding Market

6.2.1. Europe Medical Radiation Shielding Market By Products (USD Million)

6.2.2. Europe Medical Radiation Shielding Market, By Solution (USD Million)

6.2.3. Europe Medical Radiation Shielding Market, By End-user (USD Million)

6.2.4. Europe Medical Radiation Shielding Market, By Country

   6.2.4.1. Germany

   6.2.4.2. U.K.

   6.2.4.3. France

   6.2.4.4. Rest of Europe

6.3. Asia-Pacific Medical Radiation Shielding Market

6.3.1. Asia-Pacific Medical Radiation Shielding Market By Products (USD Million)

6.3.2. Asia-Pacific Medical Radiation Shielding Market, By Solution (USD Million)

6.3.3. Asia-Pacific Medical Radiation Shielding Market, By End-user (USD Million)

6.3.4. Asia-Pacific Medical Radiation Shielding Market, By Country

   6.3.4.1. Japan

   6.3.4.2. India

   6.3.4.3. China

   6.3.4.4. Rest of Asia-Pacific

6.4. Central & South America Medical Radiation Shielding Market

6.4.1. Central & South America Medical Radiation Shielding Market By Products (USD Million)

6.4.2. Central & South America Medical Radiation Shielding Market, By Solution (USD Million)

6.4.3. Central & South America Medical Radiation Shielding Market, By End-user (USD Million)

6.4.4. Central & South America Medical Radiation Shielding Market, By Country

   6.4.4.1. Brazil

   6.4.4.2. Argentina

   6.4.4.3. Rest of Central & South America

6.5. Middle East and Africa Medical Radiation Shielding Market

6.5.1. Middle East and Africa Medical Radiation Shielding Market By Products (USD Million)

6.5.2. Middle East and Africa Medical Radiation Shielding Market, By Solution (USD Million)

6.5.3. Middle East and Africa Medical Radiation Shielding Market, By End-user (USD Million)

6.5.4. Middle East and Africa Medical Radiation Shielding Market, By Country

   6.5.4.1. South Africa

   6.5.4.2. Saudi Arabia

   6.5.4.3. Rest of Middle East and Africa

CHAPTER 7. Key Players and Strategic Developments

7.1. Gaven Industries Inc.

7.1.1. Business Overview

7.1.2. Product and Service Offering

7.1.3. Financial Overview

7.1.4. Strategic Developments

7.2. MarShield

7.2.1. Business Overview

7.2.2. Product and Service Offering

7.2.3. Financial Overview

7.2.4. Strategic Developments

7.3. A&L Shielding

7.3.1. Business Overview

7.3.2. Product and Service Offering

7.3.3. Financial Overview

7.3.4. Strategic Developments

7.4. Nelco, Inc.

7.4.1. Business Overview

7.4.2. Product and Service Offering

7.4.3. Financial Overview

7.4.4. Strategic Developments

7.5. Veritas Medical Solutions LLC

7.5.1. Business Overview

7.5.2. Product and Service Offering

7.5.3. Financial Overview

7.5.4. Strategic Developments

7.6. ETS-Lindgren

7.6.1. Business Overview

7.6.2. Product and Service Offering

7.6.3. Financial Overview

7.6.4. Strategic Developments

7.7. RAY-BAR ENGINEERING CORP

7.7.1. Business Overview

7.7.2. Product and Service Offering

7.7.3. Financial Overview

7.7.4. Strategic Developments

7.8. Global Partners in Shielding, Inc.

7.8.1. Business Overview

7.8.2. Product and Service Offering

7.8.3. Financial Overview

7.8.4. Strategic Developments

7.9. Amray

7.9.1. Business Overview

7.9.2. Product and Service Offering

7.9.3. Financial Overview

7.9.4. Strategic Developments

7.10. Abbreviation

Global Medical Radiation Shielding Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024