How Has The Computer Vision in Medical Radiation Shielding Market Size Evolved In Recent Years?
The medical radiation shielding market has seen considerable growth due to a variety of factors.
• In recent times, there has been an exceptional growth in the size of the medical radiation shielding market. The market, valued at $1.90 billion in 2024, is projected to increase to $2.31 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 21.4%.
This significant growth during the historic period can be credited to several factors, including the surge in cancer and cardiovascular disease cases, an increased reliance on nuclear medicine and radiation therapy, a steady increase in chronic disease occurrence, growing healthcare expenses, and an escalating demand for procedures that are minimally invasive.
What is the Forecasted Market Size and CAGR for the Medical Radiation Shielding Market?
The medical radiation shielding market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for the medical radiation shielding market to experience immense growth in the coming years. By 2029, the market is projected to reach $4.96 billion with a compound annual growth rate (CAGR) of 21.1%.
The projected growth within this period is associated with factors such as increasing demand for diagnostic imaging, the surge in diagnostic imaging procedures, and expanding needs for healthcare services. Heightening safety consciousness and the growing rates of diagnostic imaging and radiation therapy procedures also contribute to this progression. Key trends to watch in the projected period comprise technological progress in radiation therapy, development in radiation protection chemicals, increased demand for eco-friendly treatments, and advancements in the field of nuclear medicine.
What Are the Critical Driver Fuelling the Medical Radiation Shielding Market's Growth?
The escalation in the use of radiation treatment is expected to fuel the expansion of the medical radiation shielding market. Radiation treatment is a technique that utilizes high-energy radiation to focus on and gets rid of cancer cells by altering their DNA. This increase in demand is attributed to various factors such as the urgency for cancer detection, enhancement in treatment methodologies, and improved access to healthcare facilities. Medical radiation shielding is used in radiation therapy to protect healthy tissues and individuals from excessive exposure to ionizing radiation during procedures. For example, The Lancet, a peer-reviewed journal from the UK, reported in December 2024 that it was projected in 2022, there were approximately 20.0 million fresh cancer diagnoses. Approximately 10.0 million patients needed radiotherapy at a utilization rate of 50%, and another 12.8 million patients at a utilization rate of 64%. Thus, the rising need for radiotherapy is promoting the development of the medical radiation shielding sector.
What are the Market Segments in the Medical Radiation Shielding Market?
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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What Trends are Shaping the Medical Radiation Shielding Market?
Major players in the medical radiation shielding market are gravitating towards creating progressive solutions like lead-lined doors aimed at bolstering safety and guarding patients and healthcare staff from the detrimental effects of radiation exposure. Lead-lined doors possess a unique design which includes a layer of lead that minimizes or completely blocks radiation, forming a safety shield in radiation-prone zones. The primary goal is to protect patients, medical personnel, and equipment from damaging radiation exposure. For instance, Specialist Door Solutions (SDS) Ltd, a door manufacturer from the UK, launched its Shieldoor lead-lined x-ray doors in February 2023, specifically engineered for healthcare setups to provide effective radiation shielding from x-rays. These doors are designed to meet the rigorous requirements of hospitals and radiology centers and offer adjustable lead thickness options for compliance with safety rules. The shieldoor series is smoothly amalgamated with other SDS door products, thereby improving both operationality and aesthetic appeal in healthcare environments.
Who Are the Key Players in the Medical Radiation Shielding Market?
Major companies operating in the medical radiation shielding market are include:
• 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
What are the Regional Insights into 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.
