Global Medical Radiation Shielding Market Overview:
Radiation causes ionization of atom this in turn affects Molecules, Cells and Tissues in the body. The cellular damage to the body has direct and Indirect effects, Internal irradiation induced by the ingestion of radioactive contaminants may cause exposure from a source of radiation external to the human body or from internal irradiation caused by a source of radiation external to the human body. Radiation shielding or Radiological shielding, protects key stakeholders and ensures safety of patients, staff and the general public is a primary consideration in the implementation of a radiation treatment program. Radiation shielding is comprised of two main elements: an inherently protected facility design with sufficient shielding and other physical precautions against accidental exposure, as well as policies and procedures. Heavy growth in infrastructure in healthcare sector has facilitated demand for Medical Radiation Shielding devices. Some of the players profiled in the study are Nelco, Inc. (United States), Radiation Protection Products (United States), MarShield (Canada), Ray-Bar Engineering Corp (United States), Amray (Ireland), Gaven Industries Inc. (United States), A&L Shielding (Rome), ETS-Lindgren (United States), Global Partners in Shielding Inc. (United States) and Veritas Medical Solutions LLC (United States).
On the basis of geography, the market of Medical Radiation Shielding has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Radiation, the sub-segment i.e. Particle Radiation will boost the Medical Radiation Shielding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Protection, the sub-segment i.e. Personal (Internal, External) will boost the Medical Radiation Shielding market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Prevalence of Radiation Related Diseases Among Medical Professionals
- High Chances of Permanent Brain Damage
Influencing Trend
- Technical Progress in Medical Industry
Restraints
- Usage of Hazardous Elements such as Lead
- Cost Concerns
Opportunities
- Growth in Healthcare infrastructure Due to Pandemic
Challenges
- Improper Shielding Associated with Cancer
Key Market Developments:
On 31st March, 2020 – MarSheild Launched its Modular X-Ray Shielding Rooms for Specially Designed and Engineered for Temporary Hospital Sites. These Shielding Rooms can be Setup in a Few Hours and are Portable and On 18th March, 2021 – Xray Curtains Released Its Innovative Range of Lead-Free Rubber Radiation Shielding Curtains, these Curtains are Developed to Protect from Radiation Exposure in Food Screening, Airport Security, Medical Imaging and Industrial Settings.
United States FDA 3-A Safety Standards; These are a Comprehensive list of Standards that Regulate Manufacturing and Implementation of Radiological Shield. Use of Harmful Chemicals such as Lead is Banned under USDA 3-A. and European Commission Radiation Protection 102 'Medical exposure directive' (97/43/Euratom); Provides Safe Use Norms for Of These Medical Imaging Modalities and Limits the Dosage Requirements in Accordance to Patient.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Target Audience:
Medical Sector, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Medical Radiation Shielding market on the basis of product [X-Ray, Shields, Booths, Sheet Lead, Bricks and Curtain] , application [Hospitals, Diagnostics Centers and Surgical Centers], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Medical Radiation Shielding market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Medical Radiation Shielding industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Globe Composite Solutions LLC (United States) and Xray Curtains (Canada).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Medical Radiation Shielding market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.