With the emergence and long-term Impact of COVID-19, Global Medical Radiation Shielding Market to reach USD 2.32 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Medical Radiation Shielding Market is poised to raise up to USD 2.32 Billion by 2030. Medical radiation shielding involves the use of various materials and techniques to protect patients, medical personnel and the general public from the harmful effects of ionizing radiation that are often used in medical imaging and treatments. Ionizing radiation, such as X-rays and gamma rays, can potentially damage live tissues and cells, leading to health risks such as radiation-induced cancers and other adverse effects.
The key factors driving the market growth is rising prevalence of cancer, rising safety awareness among people working in radiation-prone environments, growing number of PET/CT scans, and rising number of trained radiologic technologists that anticipated to support the market growth.
Geographically, the global Medical Radiation Shielding market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the rising number of radiography procedures, cohesive government initiatives, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the rising healthcare spending, growing awareness about radiation exposure, and favorable government policies and healthcare infrastructure.
The global Medical Radiation Shielding market is highly competitive owing to the presence of several key manufacturers such as ETS-Lindgren, Radiation Protection Products, Inc., Veritas Medical Solutions LLC, Ray-Bar Engineering Corp., Gaven Industries Inc., Global Partners in Shielding, Inc., and others.
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Key findings of the study suggest:
- Global Medical Radiation Shielding Market is anticipated to grow with a healthy growth rate of more than 6.5% over the forecast period 2023-2030.
- In the Solution segment, Diagnostic Shielding emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the rising number of radiography procedures, cohesive government initiatives, and presence of key market players.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Solution:
- Radiation Therapy Shielding
- Diagnostic Shielding
End User:
- Hospitals and Diagnostic Centers
- Research Institutes
- Other End Users
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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