Pune, India -- (SBWIRE) -- 04/23/2019 -- Infinium Global Research has produced a new premium report Medical Radiation Shielding Market. The report covers the analysis of global as well as regional markets of medical radiation shielding. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of medical radiation shielding market by products (lead sheet, plate and bricks, curtains, shield and booths), solution (diagnostic shielding, radiation therapy shielding), end user (diagnostic centers and hospitals), region (North America, Asia-Pacific) through main geographies in the global Market such as North America, Europe, Asia-Pacific and RoW. According to the report the global medical radiation shielding market is projected to grow at a CAGR of 5% over the forecast period of 2018-2024.

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Increase in the Number of Diagnostic Imaging Centers to Drive the Growth in the Market

Factors such as the rising use of nuclear medicine and radiation therapy for diagnosis and treatment purpose to trigger the growth of this market. Furthermore, increase in the number of diagnostic imaging centers due to the growing frequency of chronic diseases such as cancer, prompt installation of radiology equipment, necessities of supporting accessories such as radiation shielding tools and other related equipment are also driving the growth of medical radiation shielding market.

Additionally, the huge amount of ionizing radiation exposure can also lead to disturbing health impacts such as cancer, tumor and other severe side effects so as a result the necessity for protecting patients from harmful radiations while working under such conditions radiotherapy suites are designed. Moreover, increasing consciousness about safety while handling radio-active equipment is further estimated positive growth in medical radiation shielding market. In diagnostics centers having proper radiation shielding is significant in order to confirm the safety of its medical staff as well as of their patients. Strong growth in developing nations will create opportunities for the medical radiation shielding market.

North America To Contribute to Growth in the Global Medical Radiation Shielding Market Over the Next 6 Years

North America will remain the most lucrative market for medical radiation shielding, followed by Europe. The Asia Pacific region is the fastest growing region in this market. In North America region factors such as rising frequencies of cancer and growing usage of nuclear medicine and radiation therapy for diagnosis and treatment are driving the growth in the North America region. In the Asia Pacific region growing consciousness about radiation safety and cumulative funding in the healthcare sector is fuelling the growth of the medical radiation shielding market in this region.

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Report Findings

1. Drivers

- Increase in the Number of Diagnostic Imaging Centers

- Growing Frequency of Chronic Diseases

- Increasing Consciousness about ill-Effects of Radiation Exposure

2. Restraints

- High Cost of Instrument

3. Opportunities

- Increase in Diagnostic and Preventive Healthcare

- Increased Rate of Adoption of Safe Medical Technologies

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global medical radiation shielding market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical radiation shielding market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the medical radiation shielding market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the medical radiation shielding market to understand the present and future trends in this market and formulate their strategies accordingly.