Medical Radiation Shielding Market is Anticipated to Witness High Growth Owing to Increased Cancer Treatment Facilities
Medical radiation shielding industry plays a pivotal role in cancer treatment by protecting patients and medical staff from harmful ionizing radiation emitted during imaging procedures as well as radiation therapy. The key function of radiation shielding products is to absorb or redirect radiation particles to minimize their exposure to healthy tissue. With growing cancer prevalence worldwide, various types of radiation shielding materials such as barrier curtains, ceiling-suspended shields, portable shielding panels, and protective equipment (lead/non-lead coated aprons, thyroid shields, etc.) are extensively used in diagnostic imaging suites, radiology rooms, surgical C-arms, brachytherapy treatment rooms and nuclear medicine departments.
Key Takeaways
Key players operating in the Medical Radiation Shielding are Marswell Group of Companies, Mirion Technologies, Inc., Esco Micro Pte. Ltd., MAVIG GmbH., Burlington Medical, Gaven Industries, Inc., Nelco, Inc., Marshield, Radiation Protection Products, Inc., Ultraray, Lemer Pax, Berthold Technologies GmbH & Co.KG, SDS Specialist Door Solutions, Scanflex Medical AB, Veritas Medical Solutions LLC, Amray Radiation Protection, ProTechMed.
Key opportunities in the market include rising installation of advanced CT scanners, LINACs, and PET imaging systems in emerging nations. Growing medical tourism across Asia Pacific and Latin America is also drivingneeds for localized radiation safety offerings.
Global expansion remains a prime strategy for leading suppliers to enter high growth regional medical device markets. Notable M&A activities allow companies to expand product portfolios and geographical footprints.
Segment Analysis
The Medical Radiation Shielding Market Analysis can be segmented into product and application. Based on product, the lead sheets and blocks sub-segment dominates the market as it provides added protection against radiation exposure. Lead sheets and blocks are effective in absorbing high energy rays like x-rays due to high density of lead metal. This makes lead sheets and blocks suitable for radiation shielding for the walls, doors, and barriers in laboratories dealing with diagnostic radiology equipment like CT scanners and x-ray machines.
Global Analysis
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