Medical Radiation Shielding Market is Anticipated to Witness High Growth Owing to Increasing Cancer Cases

Medical Radiation Shielding Market

Medical radiation shielding refers to products that help shield medical staff and patients from radiation exposures during diagnostic imaging and radiation therapy procedures. Medical radiation shielding products include radiation protective walls, barriers, cubicles, booths, screens, drapes, curtain and blankets. The increasing number of cancer cases around the world is driving the demand for medical imaging, intervention and treatment procedures which extensively use medical radiation. As such medical radiation exposes both patients and clinical staff to harmful ionizing radiation, proper radiation protection equipment is needed. Medical radiation shielding materials help block or attenuate X-ray, gamma ray and other types of radiation to safe levels.

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 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 Trends include development of novel materials with better protection capabilities, integration of medical shielding in hospital infrastructure and expansion towards emerging markets.

Globally, the medical radiation shielding market players are focusing on geographical expansion strategies across regions such as Asia Pacific, Latin America, and Middle East & Africa. This is attributed to growing healthcare infrastructure and increasing medical imaging procedures in these regions.

Market Drivers

Increasing prevalence of cancer and rising cancer screening programs are majorly driving the demand for medical imaging modalities which require effective radiation shielding equipment.
- Growing healthcare infrastructure and modernization of hospitals increasing availability of diagnostic imaging facilities worldwide.

Market Restraints

High cost associated with lead based medical radiation shielding materials limits their widespread adoption.

- Concerns regarding safe disposal of used medical radiation shielding products acts as a restraint.

Segment Analysis

Medical Radiation Shielding Market comprises of various segments such as Architectural Shielding, Personal Protective Equipment, and Radiation Therapy Shielding. Architectural Shielding is currently dominating the market as it helps in providing complete protection to patients and medical staff from scattered radiation during diagnostic and therapeutic procedures. Hospitals majorly install architectural shielding solutions to limit radiation exposure within their premises.

Global Analysis

North America dominates the global medical radiation shielding market primarily due to rising awareness about radiation protection and presence of well-established healthcare infrastructure in countries like the US and Canada. Asia Pacific is expected to witness the fastest growth during the forecast period owing to growing healthcare expenditure, increasing number of hospitals equipped with diagnostic and therapeutic equipment, expanding medical tourism industry and rising prevalence of cancer in countries such as China, India and South Korea.

Get More Insights on, Medical Radiation Shielding Market