The latest market report published by Credence Research, Inc. “Global CT Radiation Shielding Devices Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global CT Radiation Shielding Devices Market generated revenue of around USD 125.9 million in 2022 and is anticipated to grow a CAGR of over 5.90% during the forecast period from 2023 to 2030 to reach around USD 188.06 million in 2030.
As the prevalence of chronic diseases like cancer among the population rises, and the number of radiological therapies follows, there is a significant increase in demand for CT radiation shielding devices across all global markets. The CT radiation shielding device market is expected to grow significantly over the upcoming years. Due to increased safety awareness among people when handling and managing radioactive equipment, there is also an increase in the demand for shielding devices. The global market for CT radiation shielding devices is expected to make significant strides in the future. The expanding number of diagnostic imaging facilities and installations around the globe is positively impacting the demand for shielding devices.
The global CT Radiation Shielding Devices market is bifurcated into Type, Application, and Geography. Based on type, the market is categorized into Shields, Booth, and Curtain. On the basis of application, the global market is segmented into Hospitals, clinics, and Medical Care. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America is predicted to dominate the CT radiation shielding device market in 2022 due to the rising prevalence of diseases resulting from medical radiation exposures. The market for CT radiation shielding devices is predicted to grow significantly owing to rising number of diagnostic imaging systems is also anticipated to play a significant role in the market growth.
The CT Radiation Shielding Devices Market Drivers are a crucial aspect of the healthcare industry as they play a significant role in ensuring patient safety during diagnostic imaging procedures. The increasing prevalence of chronic diseases and the growing geriatric population have led to an upsurge in demand for medical imaging technologies, including computed tomography (CT). However, exposure to ionizing radiation during these scans can pose serious health risks, such as cancer and genetic mutations. This has triggered the development of advanced CT radiation shielding devices that provide effective protection against harmful radiation while maintaining image quality. Moreover, stringent regulatory requirements mandating the use of these devices in medical facilities have further fueled market growth.
Some of the key dynamics shaping the CT radiation shielding devices market:
- Growing Use of CT Scans: The increasing use of CT scans in medical diagnosis and treatment has led to a rise in the demand for radiation shielding devices. CT scans are an essential tool for diagnosing various diseases and conditions, and the use of radiation shielding devices helps to reduce the risk of radiation exposure to patients and healthcare workers.
- Awareness of Harmful Effects of Radiation: The harmful effects of radiation exposure are well documented, and there is growing awareness of the risks associated with CT scans. The use of radiation shielding devices helps to reduce the amount of radiation exposure during CT scans, which can help to minimize the risk of radiation-induced cancer and other health problems.
- Advancements in Technology: With the advancement of technology, radiation shielding devices have become more efficient, effective, and affordable. Newer devices are designed to be lightweight, easy to use, and provide better protection against radiation.
- Government Regulations: Government regulations mandating the use of radiation shielding devices are driving the adoption of these devices. Governments are also offering incentives and subsidies to encourage the deployment of radiation shielding devices.
- Increasing Healthcare Expenditure: The increasing healthcare expenditure in developed and developing countries is driving the growth of the CT radiation shielding devices market. Healthcare providers are investing in advanced medical equipment and technologies to improve patient outcomes and reduce healthcare costs.
Overall, the CT radiation shielding devices market is expected to continue to grow due to the increasing use of CT scans, awareness of the harmful effects of radiation, and advancements in technology. The market is also expected to benefit from supportive government policies and the growing healthcare expenditure.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global CT Radiation Shielding Devices market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global CT Radiation Shielding Devices market segmentation based on Type and Application.
- The global CT Radiation Shielding Devices market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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