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Medical Radiation Shielding Market worth $2.83 billion by 2030, growing at a CAGR of 8.08% - Exclusive Report by 360iResearch
Medical Radiation Shielding Market | 360iResearch
The Global Medical Radiation Shielding Market to grow from USD 1.52 billion in 2022 to USD 2.83 billion by 2030, at a CAGR of 8.08%.
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Medical radiation shielding protects patients and healthcare professionals from harmful ionizing radiation in various medical environments, including diagnostic imaging departments utilizing X-ray, computed tomography (CT), nuclear medicine, and radiotherapy treatments for cancer. The prevalence of chronic diseases, including cancer, necessitates a higher demand for advanced diagnostic procedures such as CT scans and radiotherapy treatments, accelerating the deployment of medical radiation shielding solutions in medical facilities. The shift toward digital radiography systems has created novel opportunities for manufacturers to develop thinner and lighter-weight lead aprons or alternative materials offering better comfort while maintaining protective efficacy. However, high initial costs associated with manufacturing premium-quality shielding materials can be prohibitive for smaller companies or resource-limited healthcare facilities. Moreover, ongoing research for incorporating nanoparticles or novel compounds into traditional lead-based composites offers enhanced radiation protection and increases their deployment across the end-use sectors.
The medical radiation shielding market is evolving in the Americas due to well-established healthcare infrastructure, stringent government regulations that ensure safety in medical facilities, and increased investments in healthcare infrastructure. The medical radiation shielding market represents an innovative and developing landscape in the EMEA, owing to the strict medical equipment safety and performance standards, including effective radiation shielding. Additionally, increased research initiatives have resulted in the development of novel technologies for radiation protection. Government initiatives to modernize healthcare facilities and adopt advanced technology are creating demand for efficient radiation protection solutions in the APAC. Furthermore, the rise in product approvals and the creation of non-toxic, lead-free shielding materials are anticipated to propel the adoption of medical radiation shielding across healthcare facilities worldwide.
Market Segmentation & Coverage:
This research report categorizes the Medical Radiation Shielding Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Apron & Blankets, Blocks & Rooms, Curtains, Shield & Booths, Lead Sheet, Plate, & Bricks, and Radiation Shielding Glass. The Curtains, Shield & Booths commanded largest market share of 32.12% in 2022, followed by Lead Sheet, Plate, & Bricks.
Based on Solution, market is studied across Diagnostic Shielding and Radiation Therapy Shielding. The Diagnostic Shielding is further studied across Computerized Tomography, Magnetic Resonance Imaging, Nuclear Medicine, Positron Emission Tomography & Single-Photon Emission Computerized Tomography, and X-Ray. The Radiation Therapy Shielding is further studied across Brachytherapy, Cyclotron, Linear Accelerator, Multimodality, and Proton Therapy. The Diagnostic Shielding commanded largest market share of 65.77% in 2022, followed by Radiation Therapy Shielding.
Based on End-User, market is studied across Diagnostic Centers and Hospitals. The Diagnostic Centers commanded largest market share of 59.32% in 2022, followed by Hospitals.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 36.94% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Medical Radiation Shielding Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Medical Radiation Shielding Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Medical Radiation Shielding Market, highlighting leading vendors and their innovative profiles. These include A&L Shielding Inc., Alimed Inc., AmRay Group, Barrier Technologies LLC, Biodex Medical Systems, Inc., Burlington Medical, Canon Medical Systems Corporation, Corning Incorporated, Esco Lifesciences Group Ltd., Gamma Gurus Pty Ltd., Gaven Industries, Global Partners in Shielding, Inc., Gravita India Limited, HMS Metal Corporation, Lancs Industries, Mars Metal Company, MAVIG GmbH, Mirion Technologies, Inc., Nelco, Nuclear Lead Co. Inc., Nuclear Shields B.V., Radiaction Ltd., Radiation Protection Products, Inc., RAMPART ic, LLC, Ray-Bar Engineering Corporation, Rege Imaging & Cine Films Private Limited, Scanflex Healthcare AB, SCHOTT AG, TZ Medical, Inc., Ultraray Group Inc., Veritas Medical Solutions, and XrayCurtains.com.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Medical Radiation Shielding Market, by Product
7. Medical Radiation Shielding Market, by Solution
8. Medical Radiation Shielding Market, by End-User
9. Americas Medical Radiation Shielding Market
10. Asia-Pacific Medical Radiation Shielding Market
11. Europe, Middle East & Africa Medical Radiation Shielding Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Medical Radiation Shielding Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Medical Radiation Shielding Market?
3. What is the competitive strategic window for opportunities in the Medical Radiation Shielding Market?
4. What are the technology trends and regulatory frameworks in the Medical Radiation Shielding Market?
5. What is the market share of the leading vendors in the Medical Radiation Shielding Market?
6. What modes and strategic moves are considered suitable for entering the Medical Radiation Shielding Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
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