The Radiation Shielding market is projected to reach USD 980 Million by 2028 from USD 714 Million in 2023, at a CAGR of 6.5% during the forecast. Factors such as Growing usage of nuclear medicine and radiation therapy for diagnosis and treatment, increasing use of particle therapy for cancer treatment, Growing incidences of cancer and Development of number of PET/CT scans technology have increased the demand of the Radiation Shielding Material Market.
The Radiation Shielding market is consolidated and is dominated by various players. The major players operating in this market are ESCO Technologies Inc. (US), Infab corporation (US) and Burlington Medical (US). These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the Radiation Shielding Material Market.
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ESCO Technologies Inc.
ESCO Technologies Inc. is an industry player in designing and manufacturing products which provide its customers with the ability to identify, measure and contain magnetic, electromagnetic and acoustic energy. The company has three business operations segments i.e. Aerospace & Defense (A&D), Utility Solutions Group (USG) and RF Shielding and Test. The RF Shielding and Test segment’s operations consist of ETS-Lindgren Inc. and related subsidiaries (ETS-Lindgren). It offers customers with a broad range of RF test facilities like RF and magnetically shielded rooms which includes features like shielded doors and windows. For instance, In August 2023, ETS-Lindgren announced partnership with TÜV Rheinland North America with AMETEK-CTS, Fair-Rite, Innova, and Rohde & Schwarz as key supporting partners in the creation of the Technology and Innovation Center. With the cooperation of ETS-Lindgren and these industry leaders, TUV Rheinland will facilitate the integration of essential equipment, enabling the delivery of holistic customer solutions. In September 2022, ETS-Lindgren had a partnership with the IMRIS, Deerfield Imaging for opening Hale Family building that will offer diagnostic and treatment capabilities during surgery. Also, In September 2022, ETS-Lindgren will display innovative products and services for MRI imaging and healthcare professionals at several industry-leading trade including the Healthcare Facilities Symposium & Expo, HCF 2022.
Burlington Medical (US)
Burlington Medical offers medical radiation protection products and solutions for hospitals and laboratories. The company offers a wide range of medical radiation protection products used in operating rooms, cath labs, interventional radiology labs, gastrointestinal, endoscopy, pain management, emergency rooms/trauma, and speech pathology. The company’s product portfolio includes aprons, eyewear, gloves, barriers & drapes and etc. Burlington Medical provides most effective protective material offering six different types of Protective materials which various thicknesses (0.25mm, 0.35mm, and 0.5mm). For instance, In July 2022, Burlington Medical launched the No-Lead or Lead free apron series known as XENOLITE 800 NL which is a is a non lead or lead-free x-ray radiation protection apron. The material used in making of these apron is antimony and tungsten which are supported, encapsulated, and homogeneously distributed in a tough but flexible, high-tech plasticized Dow elastomer matrix.
Infab corporation (US)
Infab corporation manufactures and sells radiation protection equipment. The company provides aprons, thyroid collars & accessories, lead glasses, apron racks, barriers, cassette covers, boxes & racks, cleaners, lead curtains, lead gloves, lead glass & X-ray shielding materials, patient protection products, positioning foams & table pads, and SorbX scatter shields. It offers Revolution lead aprons, Classic lead aprons, and dental lead aprons. For Instance, In January 2021, The Infab corporation acquired Medi Drapes, a provider of disposable protective drapes used in medical imaging equipment such as mini-C-arms, fluoroscopes, and ultrasound machines, added to the company’s portfolio.
Radiation Shielding Material Market by Type (Electromagnetic Radiation, Particle Radiation), Material (Lead Shielding, Lead Composite Shielding, Copper, Tungsten), Application (X-ray room, CT Scan Facility, MRI Room), Region - Global Forecast to 2028
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