Radiation Shielding Material Market by Type, Material, End-User

List of Tables

The Radiation Shielding Material Market is projected to reach USD 1,131.93 million by 2030 from USD 670.68 million in 2022, at a CAGR of 6.76% during the forecast period.

Global Radiation Shielding Material Market

KEY MARKET STATISTICS
Base Year Value [2022]	USD 670.68 million
Estimated Year Value [2023]	USD 713.94 million
Forecast Year Value [2030]	USD 1,131.93 million
CAGR (%)	6.76%

Radiation Shielding Material Market - IMG1

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Radiation Shielding Material Market.

Based on Type, market is studied across Electromagnetic Radiation and Particle Radiation. The Particle Radiation is projected to witness significant market share during forecast period.

Based on Material, market is studied across Lead Composite Shielding, Lead Shielding, and Non-lead Shielding. The Lead Composite Shielding is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Ambulatory Surgical Centers, Diagnostic Centers, and Hospitals. The Hospitals is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.63% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Radiation Shielding Material Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Radiation Shielding Material Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Radiation Shielding Material Market, highlighting leading vendors and their innovative profiles. These include A&L Shielding, Amray Medical, Burlington Medical, LLC, Corning Incorporated, ESCO Technologies Inc., Global Partners in Shielding Inc., Gravita India Limited, Infab Corporation, Laird Technologies, Inc., Lemer Pax, Marswell Group of Companies, Mirion Technologies, Inc., Nelco, Inc., Nuclear Shields B.V., ProtecX Medical Ltd, RADIANT FIRE PROTECTION ENGINEERS PVT. LTD., Radiation Protection Products, Inc., RADIATION SHIELD TECHNOLOGIES, Ray-Bar Engineering Corp., Shree Manufacturing, StemRad Ltd., Trivitron Healthcare, Ultraray Group Inc., Veritas Medical Solutions LLC, and Wolverson X-Ray Limited.

The report offers valuable insights on the following aspects:

1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.

2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.

3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.

4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.

5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast for the Radiation Shielding Material Market?

2. Which products, segments, applications, and areas hold the highest investment potential in the Radiation Shielding Material Market?

3. What is the competitive strategic window for identifying opportunities in the Radiation Shielding Material Market?

4. What are the latest technology trends and regulatory frameworks in the Radiation Shielding Material Market?

5. What is the market share of the leading vendors in the Radiation Shielding Material Market?

6. Which modes and strategic moves are suitable for entering the Radiation Shielding Material Market?

Product Code: MRR-CF6C60CF95BB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Radiation Shielding Material Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising application of radiation shielding material in the healthcare sector
  - 5.1.1.2. Growing nuclear power sector across the world
  - 5.1.1.3. Stringent safety regulations and standards for radiation protection imposed by government and regulatory bodies
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with radiation shielding materials
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research and development activities in radiation-shielding materials
  - 5.1.3.2. Expanding usage of radiation shielding materials in the aerospace and defense sector
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with environmental implications of radiation shielding materials
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing demand for electromagnetic radiation from healthcare sector due to
- 5.2.2. Material: Growing opportunities for non-lead shielding materials due to their ability to address environmental and health concerns without compromising performance
- 5.2.3. End-User: Increasing demand for radiation shielding materials with increased durability and cutting-edge technology across the hospitals
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Radiation Shielding Material Market, by Type

6.1. Introduction
6.2. Electromagnetic Radiation
6.3. Particle Radiation

7. Radiation Shielding Material Market, by Material

7.1. Introduction
7.2. Lead Composite Shielding
7.3. Lead Shielding
7.4. Non-lead Shielding

8. Radiation Shielding Material Market, by End-User

8.1. Introduction
8.2. Ambulatory Surgical Centers
8.3. Diagnostic Centers
8.4. Hospitals

9. Americas Radiation Shielding Material Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Radiation Shielding Material Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Radiation Shielding Material Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Trivitron acquires the US-based medical equipment maker The Kennedy Company
- 12.3.2. New Product Launch & Enhancement
  - 12.3.2.1. CTC to develop innovative space radiation shielding materials for microelectronic devices
- 12.3.3. Investment & Funding
  - 12.3.3.1. Researchers to receive €132 million through the new Euratom Research and Training Work Programme 2023-2025 for investments in nuclear innovation and technology

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. A&L Shielding
- 13.1.2. Amray Medical
- 13.1.3. Burlington Medical, LLC
- 13.1.4. Corning Incorporated
- 13.1.5. ESCO Technologies Inc.
- 13.1.6. Global Partners in Shielding Inc.
- 13.1.7. Gravita India Limited
- 13.1.8. Infab Corporation
- 13.1.9. Laird Technologies, Inc.
- 13.1.10. Lemer Pax
- 13.1.11. Marswell Group of Companies
- 13.1.12. Mirion Technologies, Inc.
- 13.1.13. Nelco, Inc.
- 13.1.14. Nuclear Shields B.V.
- 13.1.15. ProtecX Medical Ltd
- 13.1.16. RADIANT FIRE PROTECTION ENGINEERS PVT. LTD.
- 13.1.17. Radiation Protection Products, Inc.
- 13.1.18. RADIATION SHIELD TECHNOLOGIES
- 13.1.19. Ray-Bar Engineering Corp.
- 13.1.20. Shree Manufacturing
- 13.1.21. StemRad Ltd.
- 13.1.22. Trivitron Healthcare
- 13.1.23. Ultraray Group Inc.
- 13.1.24. Veritas Medical Solutions LLC
- 13.1.25. Wolverson X-Ray Limited
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing