Medical Radiation Shielding Trends and Forecast
The future of the global medical radiation shielding market looks promising with opportunities in the hospitals and clinics & ambulatory surgery centers and diagnostic centers market. The global medical radiation shielding market is expected to reach an estimated $1.9 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rising usage of radiation therapy and nuclear medicine for diagnosis and treatment, raising knowledge of safety among those who operate in radiation-prone environments, and growing cancer incidence.Medical Radiation Shielding by Segment
The study includes a forecast for the global medical radiation shielding by solution, product, end use, and region.Medical Radiation Shielding Market by Solution [Shipment Analysis by Value from 2018 to 2030]
- Diagnostic Shielding
- Radiation Therapy Shielding
Medical Radiation Shielding Market by Product [Shipment Analysis by Value from 2018 to 2030]
- Mri Shielding Products
- Lead Lined Glass, Doors & Windows
- Lead Lined Drywalls & Plywood
- Shields, Barriers, Booths
- Lead Sheet
- Lead Bricks
- High-Density Concrete Blocks
- X-Ray Rooms
- Lead Curtains & Screens
- Lead Acrylic
Medical Radiation Shielding Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Hospitals, Clinics & Ambulatory Surgery Centers
- Diagnostic Centers
Medical Radiation Shielding Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Medical Radiation Shielding Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical radiation shielding companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical radiation shielding companies profiled in this report include-- ETS-Lindgren
- Radiation Protection Products
- Mars Metal Company
- Global Partners in Shielding
- RAY-BAR ENGINEERING
- A and L Shielding
- Amray Medical
- Veritas Medical Solutions
- Gaven Industries
- MarShield Custom Radiation Shielding Products
Medical Radiation Shielding Market Insights
The publisher forecasts that MRI Shielding Product is expected to witness the highest growth over the forecast period due to the expansion of diagnostic imaging facilities and the installation of radiological equipment.North America is expected to witness highest growth over the forecast period due to the growing number of cancer cases and the application of radiation therapy in both diagnosis and treatment in the region.
Features of the Global Medical Radiation Shielding Market
- Market Size Estimates: Medical radiation shielding market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Medical radiation shielding market size by solution, product, end use, and region in terms of value ($B).
- Regional Analysis: Medical radiation shielding market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different solution, product, end use, and regions for the medical radiation shielding market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical radiation shielding market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the medical radiation shielding market size?Answer: The global medical radiation shielding market is expected to reach an estimated $1.9 billion by 2030.
Q2. What is the growth forecast for medical radiation shielding market?
Answer: The global medical radiation shielding market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the medical radiation shielding market?
Answer: The major drivers for this market are rising usage of radiation therapy and nuclear medicine for diagnosis and treatment, raising knowledge of safety among those who operate in radiation-prone environments, and growing cancer incidence.
Q4. What are the major segments for medical radiation shielding market?
Answer: The future of the global medical radiation shielding market looks promising with opportunities in the hospitals and clinics & ambulatory surgery centers and diagnostic centers market.
Q5. Who are the key medical radiation shielding market companies?
Answer: Some of the key medical radiation shielding companies are as follows:
- ETS-Lindgren
- Radiation Protection Products
- Mars Metal Company
- Global Partners in Shielding
- RAY-BAR ENGINEERING
- A and L Shielding
- Amray Medical
- Veritas Medical Solutions
- Gaven Industries
- MarShield Custom Radiation Shielding Products
Answer: The publisher forecasts that MRI Shielding Product is expected to witness the highest growth over the forecast period due to the expansion of diagnostic imaging facilities and the installation of radiological equipment.
Q7. In medical radiation shielding market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to the growing number of cancer cases and the application of radiation therapy in both diagnosis and treatment in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the medical radiation shielding market by solution (diagnostic shielding and radiation therapy shielding), product (MRI shielding products, lead lined glass, doors & windows, lead lined drywalls & plywood , shields, barriers, booths, lead sheet, lead bricks, high-density concrete blocks, x-ray rooms, lead curtains & screens, and lead acrylic), end use (hospitals, clinics & ambulatory surgery centers and diagnostic centers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Medical Radiation Shielding Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ETS-Lindgren
- Radiation Protection Products
- Mars Metal Company
- Global Partners in Shielding
- RAY-BAR ENGINEERING
- A and L Shielding
- Amray Medical
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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