Medical Radiation Shielding Market to Exhibit 4.8% CAGR from 2017 to 2022

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Medical Radiation Shielding Market
Medical Radiation Shielding Market

A recent market research report added to the portfolio of MarketResearchReports.biz presents a thorough analytical account of the global market for medical radiation shielding. The report is titled “Medical Radiation Shielding Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2022.” The report states that the market will register a healthy 4.8% CAGR over the period between 2017 and 2022, rising to a valuation of US$1,100 mn by the end of 2022.

The report offers a thorough analysis of the market and projects its growth dynamics over the period between 2017 and 2022. The report delivers clear facts and insightful information regarding the growth trajectory of the market and its key segments over the said period. The report includes a vast set of qualitative and quantitative data pertaining to the market and its key segments.

The report states that the market will be chiefly driven due to the vast rise in use of nuclear medicine and radiation therapy for the diagnosis and treatment of a number of diseases such as cancer. Thus the mounting global population of cancer and other chronic disease patients will also lead to the increased demand for medical radiation shielding devices and technologies in the next few years. Diagnostic imaging centers have also rapidly increased in numbers across the globe in the past few years, which has also worked in favor of the global medical radiation shielding market.

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On the basis of end-user, the market has been segmented into diagnostic centers, oncology centers, and hospitals. Of these, the segment of hospitals is expected to remain the key and most lucrative end-use segment over the report’s forecast period. On the basis of solution, the market has been segmented into diagnostic and radiation therapy. Based on the type of product, the market has been segmented into curtains, apron and blankets, blocks and rooms, lead sheet, shield and booths, and plate and bricks.

The report also offers a comprehensive analysis of the market across regions such as Middle East and Africa, Asia Pacific excluding Japan, North America, Europe, Japan, and Latin America. The report states that the market North America will continue to be the most attractive regional market for medical radiation shielding over the forecast period. The thorough regional analysis of the market allows a comprehensive account of the growth prospects of the market across these regions, presenting the readers with a detailed account of the business and regulatory environment in these regions, providing key political, economic, and social factors and their impact on the overall future development of the market.

The report also includes a complete section that has been entirely dedicated to the analysis of the vendor landscape of the market. With the help of details provided in the report, the report enables a proper understanding of the present-day competitive dynamics of the market. The report focuses on the positioning of the leading companies in the market, with a detailed account of the product portfolio, recent developments in the market, and an overview of growth strategies. Detailed business profiles of these companies is also included in the report. Some of the key companies operating in the global medical radiation shielding market are A&L Shielding, Veritas Medical Solutions LLC, Global Partners in Shielding, Inc., Ray-Bar Engineering Corp., Gaven Industries, Inc., Radiation Protection Products, Inc., and ESCO Technologies Inc.

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