Global Medical Radiation shielding Market Witnessed to Gain Value of US$1,100 Mn by 2022: North America Exhibit Steadfast Growth


Published on : Dec 22, 2017

Albany, New York, December 22, 2017: The use of radiation in the field of medical imaging has increased dramatically over the years. According to a new study, the number of diagnostic imaging centers has swelled expressively in recent years due to increasing prevalence of chronic diseases including cancer. This is partly driving the demand for medical radiation shielding. To elaborate further on the global demand for medical radiation shielding, a study titled “Medical Radiation shielding Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” has been freshly publicized to the wide repository of Market Research Hub (MRH). The prime objective of this report is to deliver perceptive information and clear-cut facts pertaining to the growth trajectories of the market. In addition, the regional analysis offered in the report encompasses market’s performance in Asia Pacific excluding Japan (APEJ), the Middle East & Africa (MEA), North America, Latin America, Europe, and Japan.

As per the study key findings, the global medical radiation shielding market is expected to surpass a valuation of US$ 1,100 Mn by the end of 2022, with a CAGR of 4.8%. Analyst finds that growing use of radiation therapy and nuclear medicine for treatment and diagnosis purposes is expected to support the global sales of medical radiation shielding in the forthcoming years. In addition, rising deployment of radiology equipment in hospitals and clinics is leading to greater requirements of medical radiation shielding. In terms of geographical expansion, North America is expected to control the global medical radiation shielding during the forecast period with maximum revenue. The prime reason behind this region growth is due to the existence of an advanced healthcare infrastructure.

In the initial section, the report starts with an executive summary that includes vital information regarding keys segments of the medical radiation shield market. This report includes key segments on the basis of product type, solution, end-use and regions. Major product type includes apron and blankets, Blocks and Rooms, Lead Sheet, Plate and Bricks, Curtains, Shield and Booths. By product type, the blocks and rooms segment is expected to remain highly lucrative over 2022. This is mainly owing to increasing importance of blocks and rooms for radiation shielding in the hospital and diagnostic centers.

The growth of the market is also expected to be influenced by growing awareness about potential hazards of operating radiation emitting medical equipment. Professional who work in imaging or diagnostic centers are required to take all the mandatory safeguards to avoid exposure to harmful radiations. On the basis of end-use, use of medical radiation shielding in hospitals is expected to remain high throughout the forecast period.

Later, the research has profiled companies which are expected to remain active in the expansion of global medical radiation shielding market throughout 2022. Some of the prominent market players mentioned in the report include A&L Shielding, Gaven Industries, Inc., Veritas Medical Solutions LLC, Global Partners in Shielding, Inc., Ray-Bar Engineering Corp., Radiation Protection Products, Inc., and ESCO Technologies Inc.

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