Medical Radiation Shielding Market Report: Trends, Forecast and Competitive Analysis to 2030

Medical Radiation Shielding Trends and Forecast

The future of the global medical radiation shielding market looks promising with opportunities in the hospitals and clinics & ambulatory surgery centers and diagnostic centers market. The global medical radiation shielding market is expected to reach an estimated $1.9 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are rising usage of radiation therapy and nuclear medicine for diagnosis and treatment, raising knowledge of safety among those who operate in radiation-prone environments, and growing cancer incidence.

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Medical Radiation Shielding by Segment

The study includes a forecast for the global medical radiation shielding by solution, product, end use, and region.

Medical Radiation Shielding Market by Solution [Shipment Analysis by Value from 2018 to 2030]:

• Diagnostic Shielding
• Radiation Therapy Shielding

Medical Radiation Shielding Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Mri Shielding Products
• Lead Lined Glass, Doors & Windows
• Lead Lined Drywalls & Plywood
• Shields, Barriers, Booths
• Lead Sheet
• Lead Bricks
• High-Density Concrete Blocks
• X-Ray Rooms
• Lead Curtains & Screens
• Lead Acrylic

Medical Radiation Shielding Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals, Clinics & Ambulatory Surgery Centers
• Diagnostic Centers

Medical Radiation Shielding Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Medical Radiation Shielding Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies medical radiation shielding companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the medical radiation shielding companies profiled in this report include-

• ETS-Lindgren
• Radiation Protection Products
• Mars Metal Company
• Global Partners in Shielding
• RAY-BAR ENGINEERING
• A and L Shielding
• Amray Medical
• Veritas Medical Solutions
• Gaven Industries
• MarShield Custom Radiation Shielding Products

Medical Radiation Shielding Market Insights

Lucintel forecasts that MRI Shielding Product is expected to witness the highest growth over the forecast period due to the expansion of diagnostic imaging facilities and the installation of radiological equipment.

North America is expected to witness highest growth over the forecast period due to the growing number of cancer cases and the application of radiation therapy in both diagnosis and treatment in the region.

Features of the Global Medical Radiation Shielding Market

Market Size Estimates: Medical radiation shielding market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Medical radiation shielding market size by solution, product, end use, and region in terms of value ($B).

Regional Analysis: Medical radiation shielding market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different solution, product, end use, and regions for the medical radiation shielding market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the medical radiation shielding market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the medical radiation shielding market size?

Answer: The global medical radiation shielding market is expected to reach an estimated $1.9 billion by 2030.

Q2. What is the growth forecast for medical radiation shielding market?

Answer: The global medical radiation shielding market is expected to grow with a CAGR of 6.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the medical radiation shielding market?

Answer: The major drivers for this market are rising usage of radiation therapy and nuclear medicine for diagnosis and treatment, raising knowledge of safety among those who operate in radiation-prone environments, and growing cancer incidence.

Q4. What are the major segments for medical radiation shielding market?

Answer: The future of the global medical radiation shielding market looks promising with opportunities in the hospitals and clinics & ambulatory surgery centers and diagnostic centers market.

Q5. Who are the key medical radiation shielding market companies?

Answer: Some of the key medical radiation shielding companies are as follows.

• ETS-Lindgren
• Radiation Protection Products
• Mars Metal Company
• Global Partners in Shielding
• RAY-BAR ENGINEERING
• A and L Shielding
• Amray Medical
• Veritas Medical Solutions
• Gaven Industries
• MarShield Custom Radiation Shielding Products

Q6. Which medical radiation shielding market segment will be the largest in future?

Answer: Lucintel forecasts that MRI Shielding Product is expected to witness the highest growth over the forecast period due to the expansion of diagnostic imaging facilities and the installation of radiological equipment.

Q7. In medical radiation shielding market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to the growing number of cancer cases and the application of radiation therapy in both diagnosis and treatment in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the medical radiation shielding market by solution (diagnostic shielding and radiation therapy shielding), product (MRI shielding products, lead lined glass, doors & windows, lead lined drywalls & plywood , shields, barriers, booths, lead sheet, lead bricks, high-density concrete blocks, x-ray rooms, lead curtains & screens, and lead acrylic), end use (hospitals, clinics & ambulatory surgery centers and diagnostic centers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?