The Asia Pacific Medical Radiation Shielding Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030).
Medical personnel must frequently be required in the examination room for diagnostic radiation procedures like x-rays and other radiation exposures when exposed to scattered radiation. In addition, frequent exposure to radiation results in numerous adverse effects. Occasionally, lead aprons provide valuable protection against radiation exposure, but a mobile lead radiation barrier is required to provide a full body shielding barrier.
Additionally, it's expected that the prevalence of chronic diseases will rise, and people will become more aware of the benefits of early detection and treatment, all of which will increase the number of diagnoses and continued usage of diagnostic radiation shielding. Advances in technology and a stronger emphasis on patient safety and radiation protection are expected to propel major developments and growth in the market in the coming years.
As medical imaging and radiation therapy continue to play crucial roles in diagnosing and treating numerous diseases, the demand for novel radiation shielding solutions will increase. Advanced materials will spread more widely, providing higher radiation attenuation while lowering environmental and health hazards, such as lead-free and composite alternatives.
The medical imaging industry growth is expected to be boosted by factors such as the rising prevalence of lifestyle-related diseases, increasing demand for early detection tools, advances in technology that will enhance turnaround time, greater investment & reimbursement efforts undertaken by the government, and growth of new facilities by market players in developing nations. Hence, the growing utilization of medical radiation for treatment and the increasing efforts to raise awareness of the harmful effects of medical radiation are anticipated to drive market growth in the APAC region.
The China market dominated the Asia Pacific Medical Radiation Shielding Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $163.1 million by 2030. The Japan market is estimated to witness a CAGR of 6.2% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.6% during (2023 - 2030).
Based on Product, the market is segmented into MRI Shielding Products, High-Density Concrete Blocks, Lead Lined Glass, Doors & Windows, Lead Lined Drywalls & Plywood, Lead Bricks, X-ray Rooms, Lead Curtains, Lead Acrylic, Lead Sheet, and Others. Based on Solution, the market is segmented into Diagnostic Shielding (MRI, CT Scanners, X-ray, and Nuclear Imaging), and Radiation Therapy Shielding (Linear Accelerators, Multimodality, Cyclotron, Brachytherapy, and Proton Therapy). Based on End User, the market is segmented into Hospitals, Clinics & ASCs, and Diagnostic Centers. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Medical Radiation Shielding Market is Projected to reach USD 2.1 Billion by 2030, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mirion Technologies, Inc., ETS- Lindgren, Inc. (ESCO Technologies, Inc.), Nelco Worldwide, Gaven Industries, Inc. (3RC), MarShield (Marswell Group of companies), Ray-Bar Engineering Corp, Amray Group Ltd., A&L Shielding, Radiation Protection Products, Inc., and Global Partners in Shielding, Inc.
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