The medical radiation shielding market has seen significant growth in recent years due to the increasing adoption of advanced medical imaging technologies such as computed tomography (CT) scanners, fluoroscopy equipment, and linear accelerators for radiation therapy. Medical radiation shielding helps protect patients and medical staff from harmful ionizing radiation emitted during diagnostic and therapeutic medical procedures. The key products in the market include sheet lead, lead glass, lead bricks, drywall or concrete, and radiation protective curtains and barriers. Proper radiation shielding is essential to ensure the radiation exposure for patients and occupational workers is kept as low as reasonably achievable.
The Global medical radiation shielding market is estimated to be valued at USD 1.22 Bn in 2024 and is expected to reach USD 1.70 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 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 key opportunities in the Medical Radiation Shielding Market Demand include growing demand for medical imaging equipment in emerging economies and increasing adoption of nuclear medicine procedures. Asia Pacific region offers lucrative growth opportunities owing to improving healthcare infrastructure and rising medical tourism in countries like India and China.
The major players are focusing on global expansion by strengthening their distribution networks in high potential markets and carrying out mergers and acquisitions of local players. In addition, development of advanced and customizable radiation shielding materials will further support the market growth during the forecast period.
Market drivers
The major driver for the Medical Radiation Shielding Market Size And Trends is the rapid adoption of medical imaging modalities across healthcare facilities globally. There has been significant rise in installation of CT scanners, MRI systems, linear accelerators and other radiology equipment in hospitals as well as diagnostic centers. This has propelled the demand for effective radiation protection for patients and staff. Growing aging population susceptible to diseases like cancer is also augmenting the volume of imaging procedures performed annually. Stringent regulatory standards ensuring patient and worker safety through radiation dose reduction is another key factor bolstering the need for advanced shielding technologies in the medical sector.
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