Medical Radiation Shielding Market is driven by increasing awareness about radiation safety
The Medical Radiation Shielding Market comprises products such as radiation protection barriers, lead sheets & curtains, bricks & blocks, storage racks, and waste bins that shield harmful radiation emitted during medical procedures like X-rays, CT scans, fluoroscopy, nuclear medicine, radiation therapy, and PET scans. These shielding products protect both patients and medical staff from unintended radiation exposure and deliver superior protection against X-rays, gamma rays, and other forms of radiation.
The Global Medical Radiation Shielding Market is estimated to be valued at US$ 1.70 Bn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Medical Radiation Shielding are Marswell Group of Companies, Mirion Technologies, Inc., Esco Micro Pte. Ltd., MAVIG GmbH., Burlington Medical, Gaven Industries, Inc., Nelco, Inc., Marshield, Radiation Protection Products, Inc., Ultraray, Lemer Pax, Berthold Technologies GmbH & Co.KG, SDS Specialist Door Solutions, Scanflex Medical AB, Veritas Medical Solutions LLC, Amray Radiation Protection, ProTechMed.
The growing demand in the medical radiation shielding market can be attributed to the rising number of diagnostic imaging procedures around the world and stringent regulations pertaining to radiation safety. Medical shielding products are widely used in hospitals, imaging centers, cancer research institutes, and other healthcare facilities to ensure proper radiation protection.
Globally, North America dominates the medical radiation shielding market due to high healthcare spending, presence of leading market players, and increasing research activities. However, Asia Pacific is expected to exhibit the fastest growth over the forecast period with improving access to healthcare and expansion of healthcare infrastructure in emerging countries.
Market Drivers
The key driver for the Medical Radiation Shielding Market Trends is the increasing awareness about radiation safety among patients and medical practitioners. Prolonged exposure to radiations during diagnostic and therapeutic procedures can lead to severe health hazards like cancer and genetic defects. Stringent government regulations regarding radiation safety and protection have compelled the installation of shielding products in all radiation-emitting medical setups. Growing medical imaging usage is also necessitating greater radiation safety measures to minimize unintended exposure.
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