The medical radiation shielding market was valued at USD 1.4 billion in 2024 and is expected to grow at a 6.6% CAGR from 2025 to 2034. This market segment focuses on materials, primarily lead, designed to protect individuals and equipment from ionizing radiation during medical procedures. Lead-lined drywalls were the leading product in 2024, making up 18.4% of the market share, due to their effectiveness in reducing radiation exposure. The diagnostics application segment made up 64.2% of the market, driven by techniques like CT scans and X-rays. The U.S. market is projected to grow significantly, reaching USD 979.9 million by 2034, fueled by advancements in healthcare technology. Major players include AmRay, Burlington Medical, and Ray-Bar Engineering Corporation, among others.
Wed, 05 Feb 2025 12:02:59 GMT | GlobeNewswire