The overall market for medical radiation shielding is expected to reach $1,330.0 million by 2021 from $989.2 million in 2016, at a CAGR of 6.1%. The global market is broadly classified into products, solutions, end user, and regions.
On the basis of product, the overall market of medical radiation shielding is segmented into Shields, Barriers, Booths, X-ray rooms, Sheet Lead, Lead Bricks, Lead Curtains, Lead Lined Doors & Windows, Lead Glass, Lead Lined Drywalls, Lead Lined Plywood, High Density Concrete Blocks, Lead Acrylic, and MRI Shielding Products. The MRI shielding products segment is expected to account for the largest share of the global medical radiation shielding market in 2016. The high market share of this segment is attributed to the increasing installation base of MRI scanners worldwide.
Global market of medical radiation shielding is segmented into radiation therapy shielding and diagnostic shielding on the basis of solutions. The diagnostic shielding segment is expected to drive the global market during the forecast period. The technological advancements and increasing adoption rate of medical diagnostic equipment are the key factors propelling the growth of this market.
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The major end users of medical radiation shielding systems include hospitals and diagnostic centres. The hospitals segment is expected to grow at a highest CAGR during forecast period. Increasing number of hospitals and installation base of radiology equipment is the major factors driving the growth of this market.
This report aims to provide insights into the global medical radiation shielding market. It provides valuable information on the products, solutions, and end user in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.
The above-mentioned information would benefit buyers by helping them understand the market dynamics. In addition, the forecasts provided in the report will enable firms to understand the trends in this market and better position themselves to capitalize the growth opportunities.