Medical Radiation Shielding Market: Development Factors, Key Players, Regional Analysis, Applications and Forecasts by 2024

The main objective of this report is to define, describe, and forecast the global “Medical Radiation Shielding” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Hong Kong researchers develop safer alternative to lead in X-ray shields

April 2017, Polytechnic University researchers have created a safer, lighter X-ray shield by mixing the metal used in light bulb wires with a common plastic. The combination of tungsten and polyurethane offers 40 percent more protective than lead, which is conventionally used to protect people from radiation during X-ray procedures, yet it is 22 percent lighter.

 “The material is non-toxic and can be recycled and processed into protective clothing,” said Fei Bin, associate professor at the university’s institute of textiles and clothing, who led the team.

Increase in the number of diagnostic imaging centers to drive the growth in the market

Factors such as rising use of nuclear medicine and radiation therapy for diagnosis and treatment purpose to trigger the growth of this market. Furthermore, increase in the number of diagnostic imaging centers due to growing frequency of chronic diseases such as cancer, prompt installation of radiology equipment, necessities of supporting accessories such as radiation shielding tools and other related equipment are also driving the growth of medical radiation shielding market.

Additionally, huge amount of ionizing radiation exposure can also lead to disturbing health impacts such as cancer, tumor and other severe side effects so as a result the necessity for protecting patients from harmful radiations while working under such conditions radiotherapy suites are designed. Moreover, increasing consciousness about safety while handling radio-active equipment is further estimated positive growth in medical radiation shielding market. In diagnostics centers having proper radiation shielding is significant in order to confirm the safety of its medical staff as well as of their patients. Strong growth in developing nations will create opportunities for the medical radiation shielding market.

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North America to contribute to growth in the global Medical Radiation Shielding market over the next 6 years

North America will remain the most lucrative market for medical radiation shielding, followed by Europe. The Asia Pacific region is the fastest growing region in this market. In North America region factors such as rising frequencies of cancer and growing usage of nuclear medicine and radiation therapy for diagnosis and treatment are driving the growth in the North America region. In Asia Pacific region growing consciousness about radiation safety and cumulative funding in the healthcare sector is fuelling the growth of the medical radiation shielding market in this region.