The major factors driving the growth of this market are increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, rising incidences of cancer, and increasing number of diagnostic imaging centers and installation base of radiology equipment.

What the Market Looks Like?

Predicted to grow at a CAGR of 6.1% during the forecast period, the global Medical Radiation Shielding market is estimated to reach $1330.0 million by the end of 2021.

“The MRI shielding segment is expected to account for the largest share of the global medical radiation shielding market in 2016”

The global 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 radiation therapy segment is expected to grow at the CAGR during the forecast period”

The global 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. 

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Geographical growth scenario of Medical Radiation Shielding Market

The global 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.

Leading market players

The prominent players in the Medical Radiation Shielding market include  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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Increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, rising incidences of cancer, and increasing number of diagnostic imaging centers and installation base of radiology equipment. 

Market Size 
The global Medical Radiation Shielding market size is projected to reach $1,330.0 million by 2021 from $989.2 million in 2016, at a CAGR of 6.1%. 

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.) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions. 

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Based on products, the market for 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 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 number of MRI installations worldwide. 

Based on solutions, the market for medical radiation shielding is segmented into medical radiation shielding and diagnostic shielding. The radiation therapy segment is expected to grow at the CAGR during the forecast period owing to the increasing number of increasing number of cancer patients globally. 

In the coming five years, market growth in the medical radiation shielding is likely to be centered in Asia. Growth in this region can be attributed to the increasing number of new hospitals, rising adoption of radiation therapy in Asia. Increasing awareness about radiation safety in the Asian region is also expected to drive market growth in the coming years. 

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The major factors driving the growth of this market are increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, rising incidences of cancer, and increasing number of diagnostic imaging centers and installation base of radiology equipment.

Market Size

The global Medical Radiation Shielding Market is expected to reach $1,330.0 million by 2021 from $989.2 million in 2016, at a CAGR of 6.1%. 

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“The MRI shielding segment is expected to account for the largest share of the global medical radiation shielding market in 2016”

Based on products, the market for 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 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 number of MRI installations worldwide.

“The radiation therapy segment is expected to grow at the CAGR during the forecast period”

Based on solutions, the market for medical radiation shielding is segmented into medical radiation shielding and diagnostic shielding. The radiation therapy segment is expected to grow at the CAGR during the forecast period owing to the increasing number of increasing number of cancer patients globally.

“The hospitals segment is projected to witness the highest growth rate”

Based on end user, the market for medical radiation shielding is segmented into hospitals and diagnostic centers. The hospitals segment is projected to witness the highest growth rate in this market due to extensive usage of radiation therapy for cancer treatment by hospitals.

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The global Medical Radiation Shielding market is segmented on the basis of solution, product, end user and region. The major factors driving the growth of this market are increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment, rising incidences of cancer, and increasing number of diagnostic imaging centers and installation base of radiology equipment.

On the basis of products, 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 higher MRI installation base across the globe.

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On the basis of solution, the global 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.

On the basis of end-users, the global medical radiation shielding market includes hospitals and diagnostic centers. The hospitals segment is expected to account for the largest share of the global market in 2016. Increasing number of hospitals and installation base of radiology equipment is the major factors driving the growth of this market.

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Based on geography, the global 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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According to the new market research “Medical Radiation Shielding Market by Solution (Radiation Therapy, Cyclotron, Multimodality, PET, SPECT, CT, MRI), Products (X-Ray, Shields, Booths, Sheet Lead, Bricks, Curtain), End User (Hospitals, Diagnostics Center) - Global Forecasts to 2021", analyzes and studies the major market drivers, restraints/challenges, and opportunities. 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 Medical Radiation Shielding market is segmented based on solutions, product, and end user

On the basis of product, the global 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.

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Browse and in-depth TOC on in “Medical Radiation Shielding Market " 
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On the basis of solution, the global 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.

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On the basis of end-users, the global medical radiation shielding market includes hospitals and diagnostic centers. The hospitals segment is expected to account for the largest share of the global market in 2016. Increasing number of hospitals and installation base of radiology equipment is the major factors driving the growth of this market.

Market Players

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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