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Global Medical Radiation Shielding Market Reviewed for 2019 with Industry Outlook to 2025 By ETS-Lindgren (US), Nelco, Inc. (U.S.), Radiation Protection Products (U.S.), MarShield, (Canada), Ray-Bar Engineering Corp (U.S.) & Others

All the data and information included in the medical radiation shielding report is extracted from incredibly reliable sources such as websites, annual reports of the companies, white papers, journals, newspapers, and mergers. Competitor analysis is one of the most important aspects of market research report which helps businesses decide upon the strategies by comparing them with the competitors. This medical radiation shielding market research report offers an actionable market insight with which sustainable and profitable business strategies can be built. Moreover, this report also makes available strategic profiling of key players in the ABC industry, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

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Due to high demand and the value of market research for the success of different sectors, medical radiation shielding market report has been prepared by covering many work areas. Medical radiation shielding market report delivers a detailed study with present and upcoming opportunities to simplify the future investment in the market. Market segmentation is also covered in detail by considering several aspects that is sure to help businesses out there. The base year for calculation in the report is taken as 2019 and the historic year is 2018 which will inform you how the medical radiation shielding market is going to perform in the forecast years.

 Major Market Competitors/Players: 

Some of the major players operating in global 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.), Veritas Medical Solutions LLC (U.S.), ESCO Technologies Inc. (U.S and Ultraray Canada), Thogus (USA). Mars Metal Company

Market Analysis: 

The Global Medical Radiation Shielding Market is expected to reach USD 1691.8 million by 2025, from USD 1045.5 Million in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Drivers and Restraints:

Growth in the prevalence of chronic diseases such as cancer

Increasing rate of diagnostic imaging centers and prompt installation of radiology equipment

Growing safety awareness and healthcare industry worldwide

High price of MRI device and procedures

 Market Segmentation: 

The Global Medical Radiation Shielding Market is segmented based on product, solution, end user and geographical segments.

Based on Product, the market is segmented into MRI shielding products, shields, barriers, and booths, X-Ray rooms, sheet lead, lead bricks, lead curtains, lead-lined doors and windows, lead glass, lead-lined drywalls, lead-lined plywood, high-density concrete blocks and lead acrylic.

Based on Solution, the market is segmented into radiation therapy shielding and diagnostic shielding.

Based on End user, the market is segmented into hospitals and diagnostic centers.

Based on Geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others

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Key Developments in the Market:

In September 2017, Ultraray Group Inc. acquired Techlem Medical Corp. for company growth and to hold up position as a leading manufacturer and distributor of medical products

In March 2018, ESCO Technologies Inc. (NYSE: ESE) announces acquisition of the Manta Test System Inc. (Manta) to create more market opportunities to increase corporate-wide growth strategies.

Competitive Analysis: 

The Global Medical Radiation Shielding Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical radiation shielding market for global, Europe, North America, Asia Pacific and South America.

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