Medical Radiation Shielding Market Size & Share Analysis – Industry Research Report on Growth Trends & Forecasts (2025 – 2030)

The Medical Radiation Shielding Market Report is Segmented by Solution (Radiation Therapy Shielding and Diagnostic Shielding), End User (Hospitals and Diagnostic Centers, Research Institutes, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, South America). The Industry Report Offers Value (in USD Billion) for the Above Segments.

Medical Radiation Shielding Market Size & Share Analysis – Industry Research Report on Growth Trends & Forecasts (2025 – 2030)

Medical Radiation Shielding Market Size

Study Period 2019 – 2030
Market Size (2025) USD 1.07 Billion
Market Size (2030) USD 1.43 Billion
CAGR (2025 – 2030) 5.94 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Medical Radiation Shielding Market Major Players

*Disclaimer: Major Players sorted in no particular order

Medical Radiation Shielding Market Analysis

The Global Medical Radiation Shielding Market size is estimated at USD 1.07 billion in 2025, and is expected to reach USD 1.43 billion by 2030, at a CAGR of 5.94% during the forecast period (2025-2030).

The growing utilization of nuclear medicine and radiation therapy for diagnostic and treatment purposes, increased chronic disease cases such as cancer, and heightened safety awareness among individuals working in environments exposed to radiation are the growth factors of the medical radiation shielding market.

Cancer is among the most common chronic diseases worldwide, and its incidence continues to rise annually. This growing number of cancer cases is expected to drive up the demand for diagnostic and therapeutic procedures, which typically rely on radiation devices like computed tomography (CT) scans and X-rays. For instance, according to the data published by the Global Cancer Observatory (GCO) in February 2024, there will be around 21.3 million cancer cases globally by 2025, and it is expected to reach 24.1 million by 2030. Additionally, an article published by the World Health Organization in February 2024, estimated that there will be over 35 million new cancer cases by 2050 globally, reflecting a 77% rise from the approximately 20 million cases anticipated in 2022. This increase is attributed to the growing aging population and shifts in individuals’ exposure to risk factors. As cancer incidence continues to rise, the global demand for radiation shielding products is expected to grow over the forecast period.

The rising demand for treatment procedures for diseases like cancer and neurological disorders leads to an increase in the use of nuclear medicine and radiation therapy. This trend is expected to drive the demand for medical radiation shielding materials and products, thereby fostering growth in the market. For instance, the data published by the Canadian Agency for Drugs and Technologies in Health in August 2024 reported that around 156.3 thousand positron emission tomography-computed tomography (PET-CT) examinations funded by the public were conducted in Canada in 2022–2023, which amounted to a national average of 3.9 exams for every 1,000 individuals. Additionally, the report published by Radiotherapy United Kingdom in June 2023 mentioned that radiotherapy is a crucial method for treating cancer, alongside surgery and medication. It plays a role in 50% of cancer treatments and contributes to 40% of cancer recoveries. According to the same source, approximately 100 thousand cancer patients in the United Kingdom undergo radiotherapy each year. Thus, as the incidence of cancer continues to rise, the need for radiotherapy procedures is anticipated to grow, which is likely to have a favorable effect on the market.

Overall industry analysis shows that the rise in chronic diseases and the growing use of radiotherapy are anticipated to drive medical radiation shielding market growth during the forecast period. However, the high cost associated with radiation shielding and the necessity for increased awareness among healthcare professionals can hinder the market’s expansion.

Medical Radiation Shielding Industry Overview

The medical radiation shielding market is moderately consolidated and comprises of several major players. Key players in the market include A&L Shielding, AmRay Group, ESCO Technologies Inc., Gaven Industries Inc., Global Partners in Shielding Inc., Marshield, Nelco Inc., Radiation Protection Products Inc., Ray-Bar Engineering Corp., and Veritas Medical Solutions, among others. Prominent companies are actively engaged in various strategic initiatives to enhance the global availability of their products.

For instance, in February 2023, Marshield launched a Plastic-shield, a boron-filled polyethylene solution designed to attenuate and absorb neutron radiation, which is utilized in cancer treatment centers. Consequently, these product launches by market players are poised to propel market growth.

Medical Radiation Shielding Market Leaders

    1. Nelco Inc
    2. Marshield
    3. Radiation Protection Products Inc
    4. Gaven Industries Inc
    5. Esco Technologies Inc.

  1. *Disclaimer: Major Players sorted in no particular order

Medical Radiation Shielding Market News

  • October 2024: a team at the London Health Sciences Centre Research Institute (LHSCRI) became the first in Canada to administer treatment for a patient with neuroendocrine tumors (NETs) by utilizing a radioisotope known as actinium-225 DOTATATE. This therapy falls under the category of theranostics, which integrates cutting-edge diagnostic imaging techniques with radioisotopes to accurately identify tumors and subsequently destroy them through the delivery of radioactive energy.
  • April 2024: Marshield began supplying Plasti-shield, a boron-filled polyethylene neutron shielding material. This solution is lightweight and cost-efficient, designed to both attenuate and absorb neutron radiation. It is highly effective for use in various applications, including industrial settings, healthcare, cancer treatment centers, and diagnostic and hospital facilities.
  • March 2024: WestCan Proton Therapy Inc. revealed its plan to establish Canada’s inaugural proton therapy treatment center, Ben Stelter Centre, in Edmonton. The Centre for Proton Therapy and Neuroscience signified an investment of around USD 90.5 million (CAD 120 million). This state-of-the-art facility will provide the most advanced radiation therapies for cancer patients in Canada.
  • February 2024: the Montérégie Integrated Cancer Center, located in Quebec, Canada, and affiliated with Charles-LeMoyne Hospital, was among the pioneering institutions in the country to provide cancer treatment with Accuracy’s Radixact radiation therapy delivery system. A second Radixact system was set to be installed at the center in 2024.

Global Medical Radiation Shielding Market Report – Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing Usage of Nuclear Medicine and Radiation Therapy for
    • 4.2.2 Rising Burden of Chronic Diseases
    • 4.2.3 Growing Safety Awareness Among People Working in Radiation-prone
  • 4.3 Market Restraints
    • 4.3.1 Lack of Awareness Among Healthcare Professionals
    • 4.3.2 High Cost of Radiation Shielding
  • 4.4 Porter’s Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size by Value in USD Billion)

  • 5.1 Radiation Therapy Shielding
    • 5.1.1 Diagnostic Shielding
  • 5.2 By End User
    • 5.2.1 Hospitals and Diagnostic Centers
    • 5.2.2 Research Institutes
    • 5.2.3 Other End Users
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 South Korea
    • 5.3.3.6 Rest of Asia-Pacific
    • 5.3.4 Middle East and Africa
    • 5.3.4.1 GCC
    • 5.3.4.2 South Africa
    • 5.3.4.3 Rest of Middle East and Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 A&l Shielding
    • 6.1.2 Amray Group
    • 6.1.3 Esco Technologies Inc.
    • 6.1.4 Gaven Industries Inc.
    • 6.1.5 Global Partners In Shielding Inc.
    • 6.1.6 Marshield
    • 6.1.7 Nelco Inc.
    • 6.1.8 Radiation Protection Products Inc.
    • 6.1.9 Ray-bar Engineering Corp.
    • 6.1.10 Veritas Medical Solutions Llc
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

Medical Radiation Shielding Industry Segmentation

As per the scope of the report, radiation shielding, also known as radiation protection or radiological protection, involves safeguarding individuals from the harmful effects of ionizing radiation and the methods used to ensure this safety. Radiation shielding can be described as the interaction between particles and matter through collisions and the absorption of energy by atoms.

The medical radiation shielding market research report segments the industry into solution and end user. By solution, the market is segmented into radiation therapy shielding and diagnostic shielding. By end user, the market is segmented into hospitals and diagnostic centers, research institutes, and other end users. By geography, the global market is segmented into North America (United States, Canada, Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, Rest of Middle East and Africa), and South America (Brazil, Argentina, Rest of South America).The market report also covers the estimated medical radiation shielding market size and trends for 17 countries across major regions globally. The report offers the value (in USD billion) for the above segments.

Radiation Therapy Shielding Diagnostic Shielding
By End User Hospitals and Diagnostic Centers
Research Institutes
Other End Users
By Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa GCC
South Africa
Rest of Middle East and Africa
South America Brazil
Argentina
Rest of South America

Global Medical Radiation Shielding Market Research Faqs

How big is the radiation protection market?

The global medical radiation shielding market size is expected to reach USD 1.07 billion in 2025 and grow at a CAGR of 5.94% to reach USD 1.43 billion by 2030.

What are the 3 types of shielding?

Three types of shielding include lead-based shielding, non-lead shielding, and concrete or high-density shielding.

What is an example of shielding in radiology?

A lead apron serves as an example of shielding in radiology.

What is the outlook for the radiation therapy industry?

The radiation therapy industry is set to experience substantial growth in the coming years, fuelled by a rising incidence of cancer, technological advancements, and the expanding applications of radiotherapy.

What are the top radiation therapy companies?

Nelco, Inc., Gaven Industries, Inc., Radiation Protection Products, Inc., Marshield, and ESCO Technologies Inc. are the major companies operating in the global medical radiation shielding market.