Medical radiation shielding market is growing at a significant CAGR of 6.5% during the forecast period. The key factors that drive the market growth include, increasing uses of nuclear medicine, and radiation therapy for treatment and diagnosis. The increasing prevalence of chronic disease and increasing safety awareness among people working in radiation-prone environments are further assisting in the growth of the market. Medical radiation shielding also used for radiologic applications including X-ray, and MRI, and other diagnostic imaging applications. The increasing number of hospitals and installation base equipment and the rising number of diagnostic imaging centers drive the growth of the global radiation shielding market. Medical radiation shielding is developed from environmental-friendly materials based on the requirement for radiation protection.
The rising effort on building innovative healthcare infrastructures and increasing access to modern medical technology. The rise of new technology such as 7T MRI equipment, 4D and 5D ultrasound imaging, and, high-slice CT scanners. The major vendors in the global medical radiation market are launching next-generation medical imaging devices that help in avoidance, diagnosis, and treatment planning, and disease management. The launch of such devices will help the vendors in the global medical shielding market to occupy a large market share.
Moreover, since the beginning of COVID-19, the requirement for medical radiation shielding has increased. The reason for the spear in the radiographer’s proficiency has to do with the nature of the coronavirus, which frequently causes pneumonia. When the sides of the lungs seem white on chest X-rays, the case often includes either pneumonia or a coronavirus infection. This means that radiography is needed to more precisely diagnose those who are infected with the virus but show no symptoms, or to observe progress in coronavirus patients suffering from pneumonia.
The global medical radiation shielding market has witnessed substantial growth due to rising investment in technologically advanced radiation shielding products. For instance, Israeli company Radiation, which has industrialized a system that protects doctors performing catheterization and other surgical procedures under conditions of prolonged exposure to radiation, has raised $18 million for R&D of new radiation shielding technology during the financing round led by US private equity fund InnovaHealth Partners.
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Medical Radiation Shielding Market Segmentation
By Solution
- Radiation Therapy Shielding
- Linear Accelerator
- Multimodality
- Proton Therapy
- Cyclotron
- Brachytherapy
- Diagnostic Shielding
- PET & SPECT
- MRI
- CT
- Nuclear Medicine
- X-Ray
By End-User
- Hospitals
- Diagnostics centers
- Other
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- A&L Shielding
- Alimed, Inc.
- Amray Medical (Surg Equip,) Ltd.
- Bar·Ray Products
- Biodex Medical Systems, Inc.
- Brown’s Medical Imaging
- ETS-Lindgren, Inc.
- Gaven Industries, Inc.
- Global Partners In Shielding, Inc.
- Globe Composite Solutions LLC.
- Lite Tech, Inc. (Xenolite)
- Marshield Custom Medical Radiation Shielding Products (Mars Metal Company)
- Nelco, Inc.
- Protech Medical LLC
- Ray Bar Engineering Corp.
- Ultraray Group, Inc.
- Universal Medical Inc.
- Veritas Medical Solutions LLC
- Von Gahlen Nederland B.V.
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