HOME Top Market Reports Medical Radiation Shielding Market by Products (X-Ray, Shields, Booths, Sheet Lead, Bricks, Curtain), Solution (Radiation Therapy, Cyclotron, Multimodality, PET, SPECT, CT, MRI), End User (Hospitals, Diagnostics Center) - Global Forecasts to 2021

Medical Radiation Shielding Market by Products (X-Ray, Shields, Booths, Sheet Lead, Bricks, Curtain), Solution (Radiation Therapy, Cyclotron, Multimodality, PET, SPECT, CT, MRI), End User (Hospitals, Diagnostics Center) - Global Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: MD 4508

 

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The global medical radiation shielding market is expected to reach USD 1,330.0 Million by 2021 from USD 989.2 Million in 2016, at a CAGR of 6.1%. The global medical radiation shielding market is broadly classified into products, solutions, end user, and regions.

On the basis of product, the medical radiation shielding market 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.

Medical radiation shielding market is segmented into radiation therapy shielding and diagnostic shielding on the basis of solutions. The diagnostic shielding segment is expected to drive the medical radiation shielding 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.

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.

Geographically, the medical radiation shielding market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). However, Asia is projected to grow at the highest CAGR during the forecast period. Growth in the North American segment is primarily driven by the increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, and growing incidences of cancer in North American countries.

The key players in the 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.), and Veritas Medical Solutions LLC (U.S.).

Target Audience for this Report:

  • Medical radiation shielding product manufacturers
  • Medical radiation shielding product distributors
  • Medical radiation shielding solution providers
  • Hospitals
  • Diagnostic centers
  • Research and consulting firms
  • Venture capitalists
  • Regulatory bodies 

Value Addition for the Buyer:

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.

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report:

This report categorizes the medical radiation shielding market into the following segments:

Medical radiation shielding Market, by Products

  • 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
  • MRI Shielding Products

Medical radiation shielding Market, by Solution

  • Radiation Therapy Shielding
    • Linear Accelerator
    • Multimodality
    • Proton Therapy
    • Cyclotron
    • Brachytherapy
  • Diagnostic Shielding
    • PET & SPECT
    • MRI
    • CT
    • Nuclear Medicine
    • X-Ray

Medical radiation shielding Market, by End User

  • Hospitals
  • Diagnostics Centers

Medical radiation shielding Market, by Geography

  • North America
    • US
    • Canada
  • Europe
  • Asia
  • RoW

Customization Options:

  • Company Information: Detailed company profiles of five or more market players
  • Opportunities Assessment: A detailed report underlining the various growth opportunities presented in the market

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Market Share Estimation
    2.4 Key Data From Secondary Sources
    2.5 Key Data From Primary Sources
    2.6 Key Industry Insights
    2.7 Assumptions for the Study

3 Executive Summary (Page No. - 24)
    3.1 Introduction
    3.2 Current Scenario
    3.3 Future Outlook
    3.4 Conclusion

4 Premium Insights (Page No. - 29)
    4.1 Global Medical Radiation Shielding Market
    4.2 Geographic Analysis: Medical Radiation Shielding Market, By Product
    4.3 Medical Radiation Shielding Market, By Solution
    4.4 Geographical Snapshot of the Medical Radiation Shielding Market
    4.5 Life Cycle Analysis

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Usage of Nuclear Medicine and Radiation Therapy for Diagnosis and Treatment
                    5.2.1.2 Growing Incidences of Cancer
                    5.2.1.3 Increasing Number of Diagnostic Imaging Centers and Installation Base of Radiology Equipment
                    5.2.1.4 Increasing Safety Awareness Among People Working in Radiation-Prone Environments
                    5.2.1.5 Growing Healthcare Industry Worldwide
                    5.2.1.6 Growth in the Number of People Covered Under Insurance
           5.2.2 Restraint
                    5.2.2.1 High Cost of MRI Systems and Declining Reimbursement Rates for MRI Procedures
           5.2.3 Opportunity
                    5.2.3.1 Improving Healthcare Infrastructure in Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Lack of Skilled Radiation Professionals
                    5.2.4.2 Dearth of Medical Physicists

6 Medical Radiation Shielding Market, By Product (Page No. - 44)
    6.1 Introduction
    6.2 MRI Shielding Products
    6.3 Shields, Barriers, and Booths
    6.4 X-Ray Rooms
    6.5 Sheet Lead
    6.6 Lead Bricks
    6.7 Lead Curtains
    6.8 Lead-Lined Doors and Windows
    6.9 Lead Glass
    6.10 Lead-Lined Drywalls
    6.11 Lead-Lined Plywood
    6.12 High-Density Concrete Blocks
    6.13 Lead Acrylic

7 Medical Radiation Shielding Market, By Solution (Page No. - 59)
    7.1 Introduction
    7.2 Radiation Therapy Shielding
           7.2.1 Linear Accelerator
           7.2.2 Multimodality
           7.2.3 Proton Therapy
           7.2.4 Cyclotron
           7.2.5 Brachytherapy
    7.3 Diagnostic Shielding
           7.3.1 Pet and Spect
           7.3.2 MRI
           7.3.3 CT
           7.3.4 Nuclear Medicine
           7.3.5 X-Ray

8 Market, By End User (Page No. - 76)
    8.1 Introduction
    8.2 Hospitals
    8.3 Diagnostic Centers

9 Market, By Region (Page No. - 82)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Europe
    9.4 Asia
    9.5 Rest of the World (RoW)

10 Company Profiles (Page No. - 106)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     10.1 ETS-Lindgren
     10.2 Nelco, Inc.
     10.3 Gaven Industries, Inc.
     10.4 Radiation Protection Products, Inc.
     10.5 Marshield (Div. of Mars Metal Co. Radiation Shielding)
     10.6 Ray-Bar Engineering Corp.
     10.7 Amray Medical
     10.8 A&L Shielding
     10.9 Global Partners in Shielding, Inc.
     10.10 Veritas Medical Solutions LLC

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 118)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports


List of Tables (66 Tables)

Table 1 Global Healthcare Spending (2004 to 2014)
Table 2 Increasing Usage of Nuclear Medicine and Radiation Therapy for Diagnosis and Treatment is A Major Driver
Table 3 High Cost of MRI Systems and Declining Reimbursement Rates for MRI Procedures is A Major Restraint for the Market
Table 4 Improving Healthcare Infrastructure in Emerging Markets Offers Immense Opportunities for Market Players
Table 5 Lack of Skilled Radiation Professionals is A Major Challenge
Table 6  Market Size, By Product, 2014–2021 (USD Million)
Table 7  Market Size for MRI Shielding Products, By Region, 2014–2021 (USD Million)
Table 8  Market Size for Shields, Barriers, & Booths, By Region, 2014–2021 (USD Million)
Table 9  Market Size for X-Ray Rooms, By Region, 2014–2021 (USD Million)
Table 10  Market Size for Sheet Lead, By Region, 2014–2021 (USD Million)
Table 11  Market Size for Lead Bricks, By Region, 2014–2021 (USD Million)
Table 12  Market Size for Lead Curtains, By Region, 2014–2021 (USD Million)
Table 13  Market Size for Lead-Lined Doors & Windows, By Region, 2014–2021 (USD Million)
Table 14  Market Size for Lead Glass, By Region, 2014–2021 (USD Million)
Table 15  Market Size for Lead-Lined Drywalls, By Region, 2014–2021 (USD Million)
Table 16  Market Size for Lead-Lined Plywood, By Region, 2014–2021 (USD Million)
Table 17  Market Size for High-Density Concrete Blocks, By Region, 2014–2021 (USD Million)
Table 18  Market Size for Lead Acrylic, By Region, 2014–2021 (USD Million)
Table 19  Market Size, By Solution, 2014–2021 (USD Million)
Table 20 Radiation Therapy Shielding Market Size, By Region, 2014–2021 (USD Million)
Table 21 North America: Radiation Therapy Shielding Market Size, By Country, 2014–2021 (USD Million)
Table 22 Radiation Therapy Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 23 Linear Accelerator Market Size, By Region, 2014–2021 (USD Million)
Table 24 Multimodality Market Size, By Region, 2014–2021 (USD Million)
Table 25 Proton Therapy Market Size, By Region, 2014–2021 (USD Million)
Table 26 Cyclotron Market Size, By Region, 2014–2021 (USD Million)
Table 27 Brachytherapy Market Size, By Region, 2014–2021 (USD Million)
Table 28 Diagnostic Shielding Market Size, By Region, 2014–2021 (USD Million)
Table 29 North America: Diagnostic Shielding Market Size, By Country, 2014–2021 (USD Million)
Table 30 Diagnostic Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 31 Pet & Spect Market Size, By Region, 2014–2021 (USD Million)
Table 32 MRI Market Size, By Region, 2014–2021 (USD Million)
Table 33 CT Market Size, By Region, 2014–2021 (USD Million)
Table 34 Nuclear Medicine Market Size, By Region, 2014–2021 (USD Million)
Table 35 X-Ray Market Size, By Region, 2014–2021 (USD Million)
Table 36  Market, By End User, 2014–2021 (USD Million)
Table 37  Market Size for Hospitals, By Region, 2014–2021 (USD Million)
Table 38 North America: Market Size for Hospitals, By Country, 2014–2021 (USD Million)
Table 39  Market Size for Diagnostic Centers, By Region, 2014–2021 (USD Million)
Table 40 North America:  Market Size for Diagnostic Centers, By Country, 2014–2021 (USD Million)
Table 41 Global  Market Size, By Region, 2014–2021 (USD Million)
Table 42 North America:  Market Size, By Country, 2014–2021 (USD Million)
Table 43 North America:  Market Size, By Product, 2014–2021 (USD Million)
Table 44 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 45 North America: Radiation Therapy Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 46 North America: Diagnostic Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 47 North America:  Market Size, By End User, 2014–2021 (USD Million)
Table 48 U.S.:  Market, By Solution, 2014–2021 (USD Million)
Table 49 U.S.:  Market Size, By End User, 2014–2021 (USD Million)
Table 50 Canada:  Market Size, By Solution, 2014–2021 (USD Million)
Table 51 Canada:  Market Size, By End User, 2014–2021 (USD Million)
Table 52 Europe: Market Size, By Product, 2014–2021 (USD Million)
Table 53 Europe:  Market Size, By Solution, 2014–2021 (USD Million)
Table 54 Europe: Radiation Therapy Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 55 Europe: Diagnostic Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 56 Europe:  Market Size, By End User, 2014–2021 (USD Million)
Table 57 Asia:  Market Size, By Product, 2014–2021 (USD Million)
Table 58 Asia:  Market Size, By Solution, 2014–2021 (USD Million)
Table 59 Asia: Radiation Therapy Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 60 Asia: Diagnostic Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 61 Asia:  Market Size, By End User, 2014–2021 (USD Million)
Table 62 RoW: Market, By Product, 2014–2021 (USD Million)
Table 63 RoW: Market Size, By Solution, 2014–2021 (USD Million)
Table 64 RoW: Radiation Therapy Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 65 RoW: Diagnostic Shielding Market Size, By Type, 2014–2021 (USD Million)
Table 66 RoW:  Market Size, By End User, 2014–2021 (USD Million)


List of Figures (25 Figures)

Figure 1 Research Design
Figure 2 Top-Down Approach
Figure 3 Bottom-Up Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Market Size, By Product, 2016 vs 2021 (USD Million)
Figure 7 Market Size, By Solution, 2016 vs 2021 (USD Million)
Figure 8 Market Size, By End User, 2016 vs 2021 (USD Million)
Figure 9 Global Market, By Region, 2016 (USD Million)
Figure 10 Emerging Economies Offer Significant Growth Opportunities for Players in the Medical Radiation Shielding Market
Figure 11 MRI Shielding Products Segment to Witness the Highest Growth Rate During the Forecast Period
Figure 12 North America Will Contribute the Largest Share of the Medical Radiation Shielding Market in 2021
Figure 13 Asian Market to Grow at the Highest CAGR in the Forecast Period
Figure 14 Asia Holds High Growth Potential During the Forecast Period
Figure 15 Medical Radiation Shielding Market: Drivers, Restraints, and Opportunities
Figure 16 Global Incidence of Cancer From 2012 to 2020
Figure 17 MRI Shielding Products are Expected to Be the Largest Segment in the Medical Radiation Shielding Products Market in 2016
Figure 18 Diagnostic Shielding to Dominate the Medical Radiation Shielding Market, By Solution
Figure 19 Linear Accelerator Segment to Dominate the Radiation Therapy Shielding Market During the Forecast Period
Figure 20 MRI Segment to Dominate the Medical Radiation Shielding Market for Diagnostic Shielding
Figure 21 Hospitals Form the Largest End-User Segment in the Medical Radiation Shielding Market During Forecast Period
Figure 22 Asia to Grow at the Highest Rate in the Medical Radiation Shielding Market During the Forecast Period
Figure 23 North America: Market Snapshot, 2016
Figure 24 Europe: Market Snapshot, 2016
Figure 25 Asia: Market Snapshot, 2016

The global medical radiation shielding market is expected to reach USD 1330.0 Million by 2021 from USD 989.2 Million in 2016, at a CAGR of 6.1%. This market is segmented based on product, solution, and end user.

The global medical radiation shielding market includes product, solutions, and end user. A number of factors, such as the growing incidences of cancer, increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment of Cancer, increasing number of diagnostic imaging centres and installation bases of radiology equipment, increasing safety awareness among people working in radiation-prone environments, growing healthcare industry worldwide, and growth in the number of people covered under insurance are expected to drive the growth of this market.

The high growth potential in emerging markets has opened an array of opportunities for the medical radiation shielding market. However, high cost of MRI scanners is expected to restrain the growth of this market to a certain extent during the forecast period.

On the basis of product, the medical radiation shielding market 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. MRI Shielding Products segment is expected to account for the largest share of the market. The high share of this segment is attributed to the increasing installation base of MRI scanners worldwide.

On the basis of solution, the medical radiation shielding market is divided into radiation therapy shielding and diagnostic shielding. In 2016, the diagnostic shielding segment is expected to account for the largest share of the medical radiation shielding market, by solution. Factors driving the growth of this market are the technological advancements and increasing adoption rate of medical diagnostic equipment.

Medical Radiation Shielding Market

Based on geography, the global medical radiation shielding market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). The market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). However, Asia is expected to witness the highest CAGR, with the growth in this market centered at China and India due to rising awareness about radiation safety, increasing number of hospitals and adoption of radiation therapy.

The key players in the 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.), and Veritas Medical Solutions LLC (U.S.).

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