Radiation Protection Market is Poised to Register High Growth due to Increasing Healthcare Applications

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The radiation protection market comprises equipment and solutions that help protect individuals and patients from harmful effects of radiation emitted during medical procedures. Radiation protection equipment such as protective apparels, shielding curtains, lead acrylic sheets, lead bricks play a vital role in nuclear medicine, interventional radiology, and diagnostic imaging departments. Advances in medical technologies have led to widespread use of computed tomography, fluoroscopy, and mammography resulting in augmented radiation exposure risks for medical staff and patients. This has fuelled demand for innovative radiation protection gear that provide optimum shielding and comfort.

The Global radiation protection market is estimated to be valued at US$ 1,792.7 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the radiation protection are Marswell Group of Companies, Mirion Technologies, Inc., Esco Micro Pte. Ltd., MAVIG GmbH., Radiaction Ltd, Burlington Medical, Gaven Industries, Inc., Nelco, Inc., Marshield, Radiation Protection Products, Inc., Ultraray, Lemer Pax, Berthold Technologies GmbH & Co.KG, SDS Specialist Door Solutions. These players are focusing on new product launches and strategic collaborations to strengthen their market position.

The rapidly growing healthcare industry along with increasing regulatory guidelines regarding radiation safety present significant opportunities for Radiation Protection Market players. In addition, growing medical tourism in developing nations of Asia Pacific and Latin America are attracting global players to expand in these untapped markets.

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