Global Medical Radiation Shielding Market

Medical Radiation Shielding Market Size, Share, Growth Analysis, By Product (MRI Shielding Products, Lead-Lined Glass), By Material (Lead-based Shielding, Non-lead Shielding), By Solution (Radiation Therapy Shielding, Diagnostic Shielding), By End User, By Region - Industry Forecast 2024-2031

Report ID: SQMIG35H2295 | Region: Global | Published Date: November, 2024
Pages: 162 | Tables: 107 | Figures: 68

Medical Radiation Shielding Market News

  • In March 2022, Radiation Medical Ltd., a employer in the scientific technology enterprise, reached a milestone via receiving FDA acclaim for its new radiation protection system.
  • In March 2022, Trivitron Healthcare acquired The Kennedy Company, which specializes in insulation, radiation safety and X-ray safety merchandise, and increased its operations inside the US. This strategic move increased Trivitron’s productivity in the U.S., allowing the company to expand its manufacturing capabilities It came about and paved the way for the establishment of the Advanced Technology Park in Scottsboro, Alabama.
  • In April 2022, Radiation Medical Ltd. acquired Food and Drug Administration 510(k) approval to market.
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Global Medical Radiation Shielding Market size was valued at USD 1.33 billion in 2022 and is poised to grow from USD 1.42 billion in 2023 to USD 2.35 billion by 2031, growing at a CAGR of 6.52% during the forecast period (2024-2031).

A notable example of prominent firms in the market are Nelco Worldwide and ETS-Lindgren, two major players in medical radiation protection in 2022, These companies will be functional firms in addition to their expertise as it enhances their service delivery. The purpose of this collaboration was to deliver effective, scalable security solutions to hospitals and facilities around the world. The collaboration also enabled the use of advanced technologies, providing innovative radiation protection solutions that meet the evolving requirements of today’s healthcare facilities. 'Esco Technologies Company ', 'Tata Group (Nelco Worldwide) ', 'Gaven Industries, Inc. ', 'Radiation Protection Products, Inc. ', 'Mars Metal Company ', 'Ray-Bar Engineering Corp. ', 'Amray Medical ', 'A&L Shielding ', 'Veritas Medical Solutions LLC ', 'Alimed, Inc. ', 'Protech Medical ', 'Globe Composite Solutions LLC ', 'Ultraray ', 'Nuclear Lead Co. ', 'Van Mullekom Group ', 'Xena Shield ', 'Burlington Medical ', 'European EMC Products ', 'Sago Medica Holding s.r.l. ', 'Mirion Technologies, Inc.'

The demand for diagnostic imaging such as the X-rays, CT scans, and MRIs is rapidly increasing worldwide due to the increasing prevalence of chronic diseases, cancers, and injuries. Radiotherapy facilities, especially in cancer treatment, also require state-of-the-art radiation protection for patients and healthcare professionals. This demand is driving growth in the medical radiation shield market, as hospitals and care facilities invest heavily in protective solutions.

Growing Demand for Environmentally Friendly Treatments: One of the most important trends in the medical radiation shielding market is the increasing shift to lead-free blasting materials. Although traditional lead-based protection, although highly effective, poses environmental and health risks due to its toxicity. As environmental policies turn out to be more stringent, healthcare facilities are looking for greater environmentally pleasant alternatives. Lead-loose armor materials, along with tungsten or bismuth alloys, are rising as safer and greater durable substances, presenting radiation protection without lead corrosion.

North America dominates the medical radiation shielding market, primarily due to its advanced healthcare infrastructure, widespread adoption of diagnostic imaging technologies, and the stringent regulatory standards. Strong North American focus on cancer therapies and use of radiation protection policies are also important factors contributing to its market leadership. According to the Society of Nuclear Medicine, the number of nuclear medicine procedures especially increased in the US, with nearly 20 million procedures performed annually to diagnose and treat the condition types, widely used in cardiology, cancer, neurology, and other medical fields.

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Global Medical Radiation Shielding Market

Report ID: SQMIG35H2295

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