RADIATION PROTECTION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global radiation protection market is estimated to be valued at USD 1,293.5 Mn in 2024, and is expected to exhibit a CAGR of 4.8% during the forecast period (2024-2031). Radiation protection refers to the safe practices and procedures adopted to shield humans and equipment from hazardous effects of ionizing and non-ionizing radiation. Growing concerns regarding human safety at nuclear plants, hospitals, and research laboratories has boosted adoption of radiation shielding equipment such as protective clothing, devices & accessories globally. Furthermore, increasing instances of radiation-related diseases and rising regulatory standards for radiation safety are prompting industries and organizations to emphasize on adopting advanced safety measures. The market is expected to witness growth, owing to rising cancer cases attributable to radiation exposure and ongoing technological advancements in radiation detection tools.

Market Dynamics:

Global radiation protection market growth is primarily driven by stringent regulatory frameworks pertaining to radiation safety. Several countries have instituted stringent occupational and public exposure limits for ionizing radiation to shield individuals. This has boosted demand for monitoring and shielding systems across industries. Furthermore, growing incidence of cancer owing to radiation exposure is prompting governments worldwide to focus on implementing robust protection standards. However, high costs associated with deployment and maintenance of radiation safety equipment can hamper the market growth. Ongoing technological advancements in diagnosis and treatment are expected to create new opportunities for incorporation of advanced radiation safety solutions. Growing healthcare expenditure in emerging economies is expected to positively influence industry expansion through the forecast period.

Key Features of the Study:

• This report provides in-depth analysis of the global radiation protection market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global radiation protection market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study 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
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global radiation protection market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global radiation protection market

Detailed Segmentation-

• By Product Type:
• • Protective Barriers and Booths
  • Shields
  • Radiation Detection & Monitoring Equipment
  • Lead Lined Doors
  • Others (Radiation Warning Signs, Barrier Tape, etc.)
• By Solution:
• • Radiation Therapy Shielding
  • Diagnostic Shielding
• By End User:
• • Hospitals
  • Ambulatory Surgical Centers
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • 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