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Rising Demand For Radiation Therapy Fuels Growth In The Market Driver: Leading Transformation in the Medical Radiation Shielding Market in 2025
Medical Radiation Shielding Market Share
The anticipated increase in demand for radiation therapy is forecasted to drive the growth of the medical radiation shielding market. Radiation therapy, which uses high-energy rays to damage or destroy cancer cells by disrupting their DNA, is experiencing increased demand, driven by factors such as a higher need for cancer diagnostics, improved treatment technologies, and enhanced accessibility to healthcare services. Medical radiation shielding is used in radiotherapy procedures to protect healthy tissues and individuals from unnecessary exposure to ionizing radiation. For example, The Lancet, a respected peer-reviewed UK journal, revealed in December 2024, that it was projected in 2022 that there were 20.0 million new cancer diagnoses. Approximately 10.0 million patients needed radiotherapy, representing a 50% usage rate, and 12.8 million patients accounted for a 64% usage rate. Thus, the escalating demand for radiotherapy contributes to the growth of the medical radiation shielding market.
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What is the projected compound annual growth rate (CAGR) of the medical radiation shielding market from 2025 to 2034, and what factors influence it?
In the past few years, the medical radiation shielding market has experienced exponential growth. Projecting ahead, the market size is expected to rise from $1.90 billion in 2024 to $2.31 billion in 2025, representing a compound annual growth rate (CAGR) of 21.4%. This substantial growth seen in the historic timeframe can be associated with factors such as the rising cases of cancer and cardiovascular diseases, increased application of nuclear medicine and radiation therapy, growing instances of chronic illnesses, escalating healthcare spending, and the expanding demand for non-invasive procedures.
The market for medical radiation shielding is projected to experience significant expansion in the forthcoming years. It is predicted to reach a valuation of $4.96 billion by 2029, growing at a compound annual growth rate (CAGR) of 21.1%. Factors contributing to growth during the predicted period are escalating demand for diagnostic imaging and radiation therapy procedures, heightened demand for healthcare services, growing awareness and emphasis on safety, coupled with an increase in diagnostic imaging operations. Notable trends for the forecast period include developments in radiation therapy technology, progress in radiation protection chemicals, an increasing preference for environmentally friendly treatment methods, and advancements in the field of nuclear medicine.
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How are the latest trends influencing the growth of the medical radiation shielding market?
Prominent businesses in the medical radiation shielding sector are prioritizing the development of innovative solutions such as lead-lined doors, to improve safety measures and shield both patients and health professionals from detrimental radiation exposure. Lead-lined doors are specifically engineered with a layer of lead to diminish or completely obstruct radiation, thus creating a significant protective barrier in areas prone to radiation. Their primary function is to protect patients, medical personnel, and equipment from the pernicious effects of radiation exposure. For example, in February 2023, Specialist Door Solutions (SDS) Ltd, a door manufacturing firm based in the UK, unveiled its Shieldoor lead-lined x-ray doors. These were specifically fabricated for medical settings to provide effective radiation shielding against x-rays. These doors were designed to fulfil the stringent requirements of hospitals and radiology centres, and they come with adjustable lead thickness options for ensuring adherence to safety standards. The Shieldoor line is flawlessly merged with other SDS door products, thus amplifying both practicality and aesthetic appeal in clinical areas.
What are the major segments of the medical radiation shielding market and their role in driving growth?
The medical radiation shielding market covered in this report is segmented -
1) By Type: X-Ray Shields, Magnetic Resonance Imaging (MRI) Shields, Gamma Shields, Neutron Shields
2) By Material: Lead-Based Shielding, Non-Lead Shielding, Hybrid Shielding
3) By Application: Diagnostics, Therapeutics, Nuclear Medicine
4) By End-Use: Hospitals And Clinics, Diagnostic Imaging Centers, Other End-Uses
Subsegments:
1) By X-Ray Shields: Lead Aprons, Lead Gloves, Lead Shields, Lead Glass
2) By Magnetic Resonance Imaging (MRI) Shields: MRI Safe Lead Aprons, MRI Shielding Fabrics, MRI Shielding Panels
3) By Gamma Shields: Gamma Radiation Aprons, Gamma Radiation Barriers
4) By Neutron Shields: Neutron Absorbing Materials, Neutron Shielding Panels
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Which regions are key players in the growth of the medical radiation shielding market?
North America was the largest region in the medical radiation shielding market in 2024. The regions covered in the medical radiation shielding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the medical radiation shielding market?
Major companies operating in the medical radiation shielding market are ANSELL LTD., Mirion Technologies Inc., Eckert & Ziegler, Ludlum Measurements Inc., Biodex Medical Systems, Radiation Protection Products Inc., MarShield Custom Radiation Shielding Products, ProtecX Medical, Ultraray Radiation Protection, AmRay Medical, RAY-BAR ENGINEERING CORP., Specialist Door Solutions Ltd., Xray Curtains, Lindner Group, MAVIG GmbH, A&L Shielding, NELCO worldwide, Nuclear Shields Ltd., Shielding Technologies Corp., Glassopolis
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What Is Covered In The Medical Radiation Shielding Global Market Report?
•Market Size Forecast: Examine the medical radiation shielding market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical radiation shielding market for a structured understanding.
•Key Players Overview: Analyze major players in the medical radiation shielding market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical radiation shielding market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical radiation shielding market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical radiation shielding market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical radiation shielding market.
•Competitive Landscape: Review strategic developments in the medical radiation shielding market, including expansions, agreements, and new product launches.
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