The medical radiation shielding market comprises lead curtains, sheet lead, protective barriers and radiation protection materials that are used for protecting patients and medical staff from harmful effects of ionizing radiation. These shielding materials play an important role in safeguarding people from radiation doses emitted during medical procedures involving X-rays, computed tomography scans and other types of imaging tests. Rapid adoption of advanced imaging modalities and increasing utility of nuclear medicine for diagnosis and treatment have augmented the risks of radiation exposure. Strong regulatory guidelines regarding safety of patients and medical workers from radiation is driving the demand for effective shielding solutions in healthcare facilities.
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 and Co.KG, SDS Specialist Door Solutions, Scanflex Medical AB, Veritas Medical Solutions LLC, Amray Radiation Protection, ProTechMed. These leading brands are focusing on developing innovative shielding materials as well as providing complete installation and maintenance services to various end users.
The Medical Radiation Shielding Market Demand for medical imaging procedures across the globe is fueling the need for advanced radiation shielding products. Rapidly increasing healthcare investments and rising expenditure on preventive healthcare are supporting the market growth. Various developing countries are also witnessing significant rise in diagnostic centers, hospitals and number of scans performed annually which is creating new opportunities for shielding product manufacturers and service providers.
Global expansion of major players through acquisitions and partnerships is another key trend seen in the market. Leading companies are actively expanding their geographical presence in high potential emerging markets like Asia Pacific, Middle East, and South America to leverage growth opportunities.
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