Radiation Shielding Market
Radiation Shielding Market Study by Shields, Barriers, Booths, X-ray Rooms, Sheet Lead, Lead Bricks, Lead Curtains, Lead Lined Doors & Windows, Lead Lined Drywall, and Others From 2024 to 2034
Analysis of Radiation Shielding Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Radiation Shielding Market Outlook (2024 to 2034)
The global radiation shielding market is approximated to generate revenue worth US$ 1.01 billion in 2024 and is further forecasted to reach US$ 2.66 billion by the end of 2034. Demand is evaluated to rise at a double-digit CAGR of 10.1% between 2024 to 2034.
The market growth for radiation shielding is driven by the healthcare industry, especially because of the growing use of radiation therapy for cancer treatment and diagnostic imaging methods, including MRIs, CT scans, and X-rays. Effective shielding solutions are becoming important in hospitals and clinics to prevent needless radiation exposure for patients and medical staff.
Nuclear power is becoming more popular as a cleaner energy option as countries are widely looking to diversify their energy sources. The need for strong radiation shielding in nuclear facilities is driven by this expansion, which is necessary to safeguard employees and surrounding communities from possible radiation exposure.
Several industries are implementing strict safety standards and regulations because of the dangers of radiation exposure. Organizations are investing in efficient radiation shielding technologies in response to this growing issue to maintain compliance and safeguard employees.
The North American region is projected to account for 35.2% of the worldwide radiation shielding market share in 2024 due to the extensive use of radiation in healthcare, nuclear energy, and industrial applications. The presence of advanced healthcare facilities and a growing number of diagnostic imaging centers is further contributing to the market expansion in North America.
Based on product type, the X-ray rooms segment is projected to reach a value of US$ 306.59 million in 2024 due to the expanding need for diagnostic imaging in healthcare settings. To improve patient care, healthcare providers are investing in advanced imaging technologies, such as X-ray equipment as the prevalence of chronic diseases and ailments that need quick diagnosis is rising.
| Report Attribute | Detail |
|---|---|
| Radiation Shielding Market Size (2024E) | US$ 1.04 Billion |
| Forecasted Market Value (2034F) | US$ 2.66 Billion |
| Global Market Growth Rate (2024 to 2034) | 10.1% CAGR |
| North America Market Share (2024E) | 35.2% |
| Western Europe Market Value (2024E) | US$ 219.27 Million |
| South Asia & Pacific Market Growth Rate (2024 to 2034) | 13.6% CAGR |
| X-ray Rooms Segment Value (2034F) | US$ 871.39 Million |
| Radiation Therapy Shielding Segment Value (2034F) | US$ 1.48 Billion |
| Key Companies Profiled | MarShield; ETS-Lindgren; Amray Radiation Protection; Globe Composite Solutions LLC; Gaven Industries Inc.; A&L Shielding; Veritas Medical Solutions LLC; AliMed Inc.; Ultraray; Von Gahlen; Biodex; ESCO Technologies Inc; Scanflex Medical AB; IKEN Engineering Co. Ltd.; Gravita India Limited |
According to the latest research by Fact MR, the radiation shielding market is set to witness steady growth during 2024-2034. Demand for the market will witness a steady recovery in the short term, with an optimistic growth outlook in the long run. Less availability of skilled professionals will mean limited opportunities shortly; however, the prevailing demand for nuclear medicine and radiation therapy will provide momentum.
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What is Driving Demand for Radiation Shielding?
A few driving factors for the demand of the radiation shielding market include the increasing prevalence of chronic diseases and the rise in the number of diagnostic imaging centers.
The global prevalence of diseases such as cancer, and certain types of injuries reinforces the importance of the radiation shielding market and the development of new technology is a prime motivating factor for significant growth in the radiation shielding market.
Apart from these factors, actors' rise in the number of nuclear energy plants such as an increase in the use of nuclear energy, and growth in the use of radiation therapy is considered as one of the major driving factors for the growth of the radiation shielding market.
Technological Advancements and Their Impact on the Radiation Shielding Market
There is a global adoption of upgraded technology in varied fields and then it has also appropriated the use of upgraded technologies. This has resulted in the growth of the radiation shielding market.
Through technological advancements and upgrades, there is an increased rise in automation, and these help in faster methods with more efficiency and efficacy. This helps in creating quality data, which not only, boosts the patient-doctor relationship but helps to attract more customers to use the technology, hence, augmenting the growth of the overall market.
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The US and Canada Radiation Shielding Market Outlook
The US dominates the radiation shielding market in the region of North America. The factors contributing to the significant market share of the country US are associated with revenue through increasing R&D activities in the medical devices and biotechnology industry.
Subsequently, North America is set to witness the fastest growth over the forecast period of 2024-2034 owing to the presence of previously overlooked market opportunities and growing expenditure on hospital setups and conductive government initiatives. The healthcare system of the U.S. is well-known for its advanced structure and spending.
The countries have the highest rate of diagnosis and treatment adoption among all the other countries resulting in a key region for the radiation shielding market.
Moreover, the United States is set to aim in increasing awareness about healthcare resources to prevent risks associated with radiation therapies. In September 2016, the British Institute of Radiology (BIR) launched new radiation safety guidance for healthcare resources intending to prevent radiation exposure, which provided information about risk assessments, methods, and materials for the radiation therapy market.
Europe Demand Outlook for Radiation Shielding
Europe is an attractive hub for enterprises operating in the medical radiation shielding market. The European radiation shielding market is expected to grow at a profitable rate over the forecast period. This growth is owed to the presence of an increasing number of key players and the opportunistic approach to new investments in the field of radiation shielding.
Furthermore, rising investments in the R&D sector in this region are set to generate momentum for new-age innovation in the radiation shielding market and account for global growth in market size for the same.
For example, a project of the European Alliance for Medical Radiation Protection Research (EURAMED) aimed at advancing the optimization of radiation protection of patients in Europe through Conducting a European DRL survey for x-ray imaging of adults and specifying up-to-date clinical DRLs, from a radiation protection perspective.
In addition, EURAMED launched a Cancer beating plan on February 3, 2020, which is highly structured around prevention, early detection, diagnosis & treatment, to improve quality of life. However, this factor will remain key to steady demand in the long run for Radiation shielding in Europe.
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Who are the Key Manufacturers and Suppliers of Radiation Shielding?
Some of the leading manufacturers and suppliers of Radiation Shielding include
- MarShield
- ETS-Lindgren
- Amray Radiation Protection
- Globe Composite Solutions LLC
- Gaven Industries Inc.
- A&L Shielding
- Veritas Medical Solutions LLC
- AliMed Inc.
- Ultraray
- Von Gahlen
- Biodex
- ESCO Technologies Inc
- Scanflex Medical AB
- IKEN Engineering Co. Ltd.
- Gravita India Limited
Many radiation shielding manufacturers are launching new products, which allow them to boost the market. Moreover, leading manufacturers are expanding their business through various advancements in technology, MarShield was contacted by a radiopharmaceutical developer
The Center for Probe Development and Commercialization (CPDC) to develop and build a series of custom radiation barriers that are used to shield individuals from the dose radiating from freezer units used to store radioactive pharmaceutical products.
Radiation Shielding Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Segmentation of Radiation Shielding Market Research
-
By Product Type :
- Shields, Barriers, Booths
- X-ray Rooms
- Sheet Lead
- Lead Bricks
- Lead Curtains
- Lead Lined Doors & Windows
- Lead Glass
- Lead Lined Drywall
- Lead Lined Plywood
- High-Density Concrete Blocks
-
By Solution :
- Radiation Therapy Shielding
- Diagnostic Shielding
-
By End User :
- Hospitals
- Diagnostics Centers
-
By Region :
- North America
- Western Europe
- Eastern Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Shields, Barriers, Booths
- 7.2. X-ray rooms
- 7.3. Sheet Lead
- 7.4. Lead Bricks
- 7.5. Lead Curtains
- 7.6. Lead Lined Doors & Windows
- 7.7. Lead Glass
- 7.8. Lead Lined Drywall
- 7.9. Lead Lined Plywood
- 7.10. High-Density Concrete Blocks
- 7.11. Lead Acrylic
- 7.12. MRI Shielding Products
- 8. Global Market Analysis and Forecast, By Solution
- 8.1. Radiation Therapy Shielding
- 8.2. Diagnostic Shielding
- 9. Global Market Analysis and Forecast, By End-User
- 9.1. Hospitals
- 9.2. Diagnostics Centers
- 10. Global Market Analysis and Forecast, By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. MEA
- 11. North America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 17. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 18. Sales Forecast by Product Type, Solution, and End-User for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. MarShield
- 20.2. ETS-Lindgren
- 20.3. Amray Radiation Protection
- 20.4. Globe Composite Solutions LLC
- 20.5. Gaven Industries Inc.
- 20.6. A&L Shielding
- 20.7. Veritas Medical Solutions LLC
- 20.8. AliMed Inc.
- 20.9. Ultraray
- 20.10. Von Gahlen
- 20.11. Biodex
- 20.12. ESCO Technologies Inc
- 20.13. Scanflex Medical AB
- 20.14. IKEN Engineering Co. Ltd.
- 20.15. Gravita India Limited
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Solution
Table 4: Global Market US$ Mn Forecast by End-User
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Product Type
Table 7: North America Market US$ Mn Forecast by Solution
Table 8: North America Market US$ Mn Forecast by End-User
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Product Type
Table 11: Latin America Market US$ Mn Forecast by Solution
Table 12: Latin America Market US$ Mn Forecast by End-User
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Product Type
Table 15: Western Europe Market US$ Mn Forecast by Solution
Table 16: Western Europe Market US$ Mn Forecast by End-User
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Product Type
Table 19: Eastern Europe Market US$ Mn Forecast by Solution
Table 20: Eastern Europe Market US$ Mn Forecast by End-User
Table 21: East Asia Market US$ Mn Forecast by Country
Table 22: East Asia Market US$ Mn Forecast by Product Type
Table 23: East Asia Market US$ Mn Forecast by Solution
Table 24: East Asia Market US$ Mn Forecast by End-User
Table 25: South Asia & Pacific Market US$ Mn Forecast by Country
Table 26: South Asia & Pacific Market US$ Mn Forecast by Product Type
Table 27: South Asia & Pacific Market US$ Mn Forecast by Solution
Table 28: South Asia & Pacific Market US$ Mn Forecast by End-User
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Product Type
Table 31: MEA Market US$ Mn Forecast by Solution
Table 32: MEA Market US$ Mn Forecast by End-User
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 22: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 23: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 24: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 26: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 27: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 28: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Solution
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-User
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
Why is the radiation shielding market witnessing major growth?
The overall prevalence of diseases, such as cancer and certain types of injuries, and the development of new technology are key motivators.
What are the top players in the radiation shielding market?
MarShield, ETS-Lindgren, Amray Radiation Protection, and Globe Composite Solutions LLC, are key companies.
Where will the radiation shielding market generate its major market share?
The market will gain a significant share in the United States because of increased R&D activities in the medical devices and biotechnology industries.
How much is the radiation shielding market estimated to be worth in 2024?
The radiation shielding market is analyzed to be worth US$ 1.01 billion in 2024.
Why radiation shielding market have high growth potential?
The radiation shielding market has high growth potential due to the rising prevalence of medical radiation exposure to treat diseases.
Where will manufacturers find the most opportunities in the radiation shielding industry?
Manufacturers in the radiation shielding industry are finding more opportunities in the North American region.
Radiation Shielding Market