The global medical radiation shielding market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2021-2027). The market growth is primarily attributed to the rising incidence of cancer and the rising demand for nuclear radiation therapies for accurate diagnosis. Medical radiation shielding is used for radiologic applications including CT, MRI, PET & SPECT, X-ray, and other diagnostic imaging applications. The radiation shielding equipment is mainly used as a safeguard to protect the medical worker and patients from direct radiation during diagnostic imaging. The material used in the medical radiation shielding is environment friendly that allows human contact without any physical harm.
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Moreover, the increasing usage of nuclear medicine, an increasing number of installation bases of radiology equipment, and an increasing number of diagnostic imaging centers are also substantially contributing to the growth of the medical radiation shielding market. Radiotherapy has an important contribution to cure cancer and prevent it from returning, which uses high doses of radiation to kill cancer cells and shrink tumors.
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At low doses, radiation is used in x-rays to observe a patient’s internal organs such as bones and teeth. Radiotherapy is presently an essential therapy in the management of cancer patients. It can also be used in the combination with chemotherapy for palliation. As per the National Cancer Institute, annually about 40% of cancer patients are cured by radiotherapy combined with other modalities, and 49% are cured by surgery, and 11% by chemotherapy across the globe.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Medical Radiation Shielding Market Report Segment
By Solution
- Radiation Therapy Shielding
- Diagnostic Shielding
By End-User
- Hospitals
- Diagnostics centers
- Other
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