Rising prevalence of side-effects from medical radiation exposure around the world is driving the global medical radiation shielding market, says Fortune Business Insights in a report, titled “Medical Radiation Shielding Industry Size, Share and Global Trend By Imaging Equipment (X-Ray, Magnetic Resonance Imaging (MRI),Computed Tomography, Ultrasound, Others), By Product (Building Materials (Sheet Lead, Bricks, Curtain, and Others), Wearables, Others), By End User (Hospitals, Diagnostic Centres, Cancer Centres, Biopharmaceutical Companies, Others) and Geography Forecast till 2026.” Rising emphasis on implementation of regulations by government authorities is predicted to contribute positively to the global medical radiation shielding Industry.
Key players leading the global Medical Radiation Shielding Market include
- Radiation Protection Products, Inc.,
- Veritas Medical Solutions LLC,
- RAY-BAR ENGINEERING CORP.,
- Gaven Industries Inc.,
- Global Partners in Shielding, Inc.,
- MEDICAL SHIELDING SOLUTIONS,
- Mars Metal Company,
- Nuclear Lead Co. Inc.,
- A&L Shielding
Increasing Cases of Medical Radiation Exposure Will Aid Expansion
The rising prevalence of medical radiation exposure is driving the global medical radiation shielding market. Increasing emphasis on implementation of regulations by government authorities is predicted to benefit the medical radiation shielding market. Certain benefits provided by medical radiation shielding such as prevention from radiation exposure and minimal maintenance cost is also predicted to favor growth to the global market. In addition, ease of use is also a factor predicted to contribute to the global market growth in the forthcoming year. However, the reluctance of healthcare institutions o install radiation shielding systems and lack of expertise in medical radiation shielding are factors predicted to hamper the growth of the global market during the forecast period.
Rising Prevalence of Chronic Disorders Will Enable Growth in North America
Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. North America is expected to dominate the global medical radiation shielding Industry owing to the rising prevalence of disorders due to medical radiation exposures. Furthermore, a rising number of diagnostic imaging systems is predicted to play an important role in the growth of the global medical radiation shielding market in the region.
According to research conducted by Organization for Economic Co-operation and Development, a number of magnetic resonance imaging systems grew by 369 during 2016-2017 in the U.S. alone. Asia Pacific and the Middle East & Africa hold huge potential for growth of the global market owing to growing medical radiation exposure and an increasing number of imaging diagnostic systems. Additionally, protection and safety offered by medical shielding equipment are factors expected to fuel demand in Asia Pacific market during the forecast period.
By Imaging Equipment
- Magnetic Resonance Imaging (MRI),
- Computed Tomography
- Building Materials (Sheet Lead, Bricks, Curtain, and Others)
By End User
- Diagnostic Centres
- Cancer Centres
- Biopharmaceutical Companies
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)