According to a new report, published by KBV research, The Global Medical Radiation Shielding Market size is expected to reach $2.1 billion by 2030, rising at a market growth of 6.2% CAGR during the forecast period.
The Lead Lined Glass, Doors & Windows segment is experiencing a CAGR of 4.9% during (2023 - 2030). The medical segment is the main application for lead glass. Although it is transparent and simple to see through for observational purposes, it offers complete radiation protection. Even in the thickest available variants, radiation shielding glass provides exceptional visual clarity and strong light transmission with little distortion. In addition to many other applications, the lead glass works effectively in radiation therapy rooms, labs, and X-ray rooms.
The Diagnostic Shielding segment is leading the Global Medical Radiation Shielding Market by Solution in 2022; thereby, achieving a market value of $1.4 billion by 2030. Due to the rising demand for medical imaging, strict safety regulations, technological developments, and a focus on patient safety and comfort, the diagnostic shielding segment is projected to expand in the coming years. The demand for diagnostic shielding solutions is anticipated to grow as healthcare facilities continue to prioritize radiation safety.
The Diagnostic Centers segment is exhibiting a CAGR of 6.7% during (2023 - 2030). The development of medical imaging technology has led to improved resolution and more complex diagnostic capabilities. These advancements frequently require enhanced radiation shielding to ensure patient and staff safety and preserve imaging quality. With an aging population and an increase in the prevalence of chronic diseases, diagnostic services are in high demand. Radiation shielding products are increasingly used in diagnostic centers as they offer vital imaging techniques for the early detection and monitoring of medical disorders.
The North America region dominated the Global Medical Radiation Shielding Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $792.9 million by 2030. The Europe region is poised to grow at a CAGR of 6% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 6.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/medical-radiation-shielding-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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