PUBLISHER: Grand View Research | PRODUCT CODE: 1530119
PUBLISHER: Grand View Research | PRODUCT CODE: 1530119
Medical Radiation Shielding Market Trends
The global medical radiation shielding market size was estimated at USD 1.47 billion in 2023 and is expected to grow at a CAGR of 6.69% from 2024 to 2030. This growth can be attributed to the rising incidence of chronic diseases and growing diagnostic imaging procedures. As the demand for radiotherapy and diagnostic imaging in treating cancer and other conditions grows, the need for effective radiation shielding solutions is also expected to increase to protect patients & healthcare workers from harmful radiation exposure. For instance, according to WHO, in 2022, there were around 20 million new cases of cancer and approximately 9.7 million deaths due to the disease. It is reported that about one in five people will develop cancer during their lifetime. Furthermore, technological advancements in imaging equipment and radiotherapy devices contribute to market expansion, as newer machines often require more sophisticated shielding materials. In addition, stringent government regulations and safety standards related to radiation protection propel the adoption of advanced shielding solutions.
Governments and healthcare regulatory agencies are implementing stricter guidelines and mandates for radiation safety in medical facilities. These regulations require adequate shielding measures to minimize radiation exposure during diagnostic and treatment procedures. For instance, the U.S. Nuclear Regulatory Commission (NRC) implemented regulations mandating the application of materials that shield against radiation during diagnostic imaging processes. This is to safeguard patients and healthcare workers from the adverse effects of radiation exposure. Technological advancements in medical radiation shielding materials and equipment are significantly driving the market. Innovative, nontoxic, and lead-free shielding alternatives have been developed that offer improved properties compared to traditional lead-based solutions.
For instance, an article published in Science Reports in December 2022 state that a new type of lightweight radiation protection has been developed through the use of electrospinning, which generates nanofibers from a blend of polymer and tungsten, creating a multilayered thin film similar in structure to the wings of a morpho butterfly. This innovative shield, fashioned into a flexible form similar to paper, measures just 0.1 mm thick. The market is also driven by expanding healthcare infrastructure, especially in developing regions. The growth of healthcare infrastructure in these regions creates a need for radiation-shielding solutions in newly established medical facilities. In addition, developing innovative shielding materials and equipment optimized for advanced treatment modalities, such as proton therapy & stereotactic radiosurgery, presents a promising opportunity for market growth.
Global Medical Radiation Shielding Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the medical radiation shielding market report based on product type, material, application, end-use, and region
Lead Sheets and Plates
Lead Bricks
Lead Curtains
Lead Glass
Lead Aprons
RF Shielding Systems
Magnetic Shielding Systems
Gamma Camera Shields
Positron Emission Tomography (PET) Shields
Neutron Absorbers
Neutron Reflectors
Radiography (X-ray)
Computed Tomography (CT)
Fluoroscopy
Mammography
Dental Imaging
Radiotherapy
Brachytherapy
Proton Therapy
SPECT (Single Photon Emission Computed Tomography)
Positron Emission Tomography (PET)
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
Kuwait
UAE