The Latin America, Middle East and Africa Medical Radiation Shielding Market would witness market growth of 8.4% CAGR during the forecast period (2023-2030).
The rising incidence of cancer and growing demand for nuclear radiation therapy for precise diagnosis are expected to drive the growth of the market in the upcoming years. Additionally, it is projected that expanding diagnostic imaging facilities and installing radiology equipment will fuel this market.
A medical device that finds radiation is called a medical radiation detector. An individual is more likely to develop several lethal diseases when exposed to radiation over a long period. As a result, the need for technology that can gauge how much radiation is building up inside the body grows. The radiation portal monitor (RPM), handheld survey meter (HSM), personal radiation detector (PRD), and radiation isotope identification device (RIID) are a few of the important detectors for spotting radioactive materials and ionizing radiation. As technology develops, a variety of radiation-detecting tools might be made accessible for use at home. Gamma rays are the most hazardous external radioactive threat, and dosimeters are medical radiation shielding that can find them.
The cancer incidence rate differs between regions and populations. According to the most recent GLOBOCAN report, released in December 2020, there have been about 700 new prostate cancer (PC) cases and 200 fatalities in the Kingdom of Saudi Arabia (KSA). Among the 35 types of cancer identified to affect the Saudi population, PC ranked 12th in terms of prevalence. Prostate cancer was the most frequent cancer in African men, accounting for 19.6% of all cases, followed by liver cancer (9.5% of all cases). As a result of this the demand for cancer cases in the LAMEA region is witnessing significant growth.
The Brazil market dominated the LAMEA Medical Radiation Shielding Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $34.3 million by 2030. The Argentina market is estimated to grow at a CAGR of 8.9% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 8.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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