Global Medical Radiation Shielding Market: Overview
The demand for medical radiation has been soaring of late, thanks to the rising prevalence of chronic conditions. Scientists have long known about the damage to human tissues caused by large quantities of ionizing radiation. Consequently, the need to prevent harmful exposure to radiation led to the development of products that offer protection from it.
The report on global medical radiation shielding market sheds light on growth opportunities, catalysts, deterrents, recent trends and developments in the global market scenario. The report also covers market attractiveness, value chain analysis, and the leading segments of the global medical radiation shielding market. The leading vendors are studied in detail, wherein their key business strategies, market shares held by them, and their product portfolios have been discussed, offering a complete overview of the competitive scenario. The report also leverages Porter’s Five Force analysis to gauge the level of competition in the global market for medical radiation shielding.
Global Medical Radiation Shielding Market: Drivers and Restraints
The increasing number of cancer patients is one of the key growth drivers of the global medical radiation shielding market. This factor is likely to retain its influence as the need to fight cancer has become a key concern, spurring medical research initiatives. The development of radiation therapies and nuclear medicine has aided in the delivery of accurate diagnostics to treat cancer patients efficiently. However, exposure to radiation is often related to health hazards to healthcare professionals. High exposure to radiation can lead to cancer among them, while several minor adverse effects such as “radiation sickness” and burning of skin are also believed to originate from radiation exposure. Therefore, radiogenic cancer risk and other potential hazards have been contributing towards market growth.
Increasing installation bases, rising number of diagnostic centers worldwide, and the growing consciousness about safety concerns at workplaces have been fuelling the demand for medical radiation shielding. However, high costs of MRI scanners might restrict the expansion of market. However, a vast measure of opportunities are promised by the untapped potential of emerging economies.
The global medical radiation shielding market can be broadly divided on the basis of product, region, end user, and solution. Based on product type, lead bricks, lead lined windows and doors, lead sheet, booths, and barriers, lead glass, x-ray rooms, shields, and lead lined plywood can be some of the key segments.
Global Medical Radiation Shielding Market: Regional Outlook
Based on geography, the global medical radiation shielding market can be segmented into Europe, Asia Pacific, Latin America, the Middle East and Africa, and North America. North America boasts considerable opportunities on account of its highly advanced medicine industry. Europe will display substantial growth owing to its vast healthcare expenditure, coupled with significant technological advancements in the region. The emerging economies of Asia Pacific such as China and India are prosperous markets in the making, as awareness about the health hazards of radiation have been stirring a desire for radiation-free working environment.
Companies Mentioned in the Report
Some of the major companies operating in the global medical radiation shielding market are Ray-Bar Engineering Corp, Global Partners in Shielding, Inc., Nelco, Inc., Amray, Radiation Protection Products, and ETS-Lindgren. Manufacturers have been working on enhancing the efficiency of their products, aimed at ensuring complete safety from radiation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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