Medical Radiation Shielding Market 2028 By Product, Solution, End-User | The Insight Partners

MARKET OVERVIEW

Medical radiation shielding used for the radiologic applications including MRI, X-ray and other diagnostic imaging applications. It is based on a technology that allows human contact without any physical harm. The medical radiation shielding developed from the environmental-friendly materials based on the requirement for radiation protection. The medical radiation shielding market is anticipated to grow with a significant rate in the coming years, owing to rising incidence of cancer and increasing demand for nuclear radiation therapies for accurate diagnosis. Moreover, growing number of diagnostic imaging centers and installation base of radiology equipment anticipated to propel the growth for the medical radiation shielding market.

MARKET SCOPE

The "Global Medical Radiation Shielding Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Medical Radiation Shielding market with detailed market segmentation by product, solution, end user, and geography. The report provides key statistics on the market status of the leading medical radiation shielding market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on product, the global medical radiation shielding market is segmented into MRI Shielding, X-Ray rooms shield, barriers and booths, sheet lead, lead-lined drywalls, high-density concrete blocks, and others.
  
•   Based on solution, the global medical radiation shielding market is segmented into diagnostic shielding, and radiation therapy shielding.
  
•   On the basis of end user, the market is segmented into hospitals, diagnostic centers, others.
  
  

MARKET DYNAMICS

Drivers:

•   Increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment
  
•   Growing incidences of cancer
  
•   Increasing number of diagnostic imaging centers
  

Restraints

•   High cost of MRI systems
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Medical Radiation Shielding market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions.

IMPACT OF COVID-19 ON MEDICAL RADIATION SHIELDING MARKET

During the COVID-19 crisis, the non-urgent clinical procedures have postponed until the situation improved, and the hospital were busy taking care of patients. Many measures have been implemented to contain the spread of COVID-19, that have resulted in significant operational disruption for many companies including in healthcare industry. Staff quarantine, supply-chain failures, and reductions in demand have generated serious complications for companies. Also, there has been a significant drop in in-patient and out-patient for private hospital chains. Thus, negatively impacting the medical radiation shielding market.
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MARKET PLAYERS

The report covers key developments in the Medical Radiation Shielding market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Medical Radiation Shielding Market market are anticipated to lucrative growth opportunities in the future with the rising demand for Medical Radiation Shielding Market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Medical Radiation Shielding Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ETS-Lindgren
  
•   Radiation Protection Products, Inc.
  
•   Mars Metal Company
  
•   Global Partners in Shielding, Inc.
  
•   RAY-BAR ENGINEERING CORP
  
•   A and L Shielding Inc
  
•   Amray Medical
  
•   Veritas Medical Solutions LLC
  
•   Gaven Industries Inc.
  
•   MarShield Custom Radiation Shielding Products
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.