Owing to benefits such as being acquired with an electric interlock feature as well as power operation, the global radiation shielding doors market is experiencing a surge in its demand lately. There has been a greater demand for these doors in comparison to their other traditional alternatives.
With the need to provide protection against various harmful radiations amidst the growing rate of stroke cases, cancer, thyroid, etc., the demand for radiation shielding doors has been on a rise. This has further pushed the demand for the radiation shielding doors market upwards. These factors have further propelled the demand for radiation-shielding doors thus, increasing the dependence on this market.
Rapid usage of these doors in nuclear operations, dental surgery, radiology, research laboratory, veterinary clinic, x-ray facility, communication centers, and the like are fostering remarkable progress in the global radiation shielding doors market. The market consistently undergoes a series of developments in order to provide better services.
Advantages such as being maintenance-free, reliable, safe, cost-effective, attractive, and smooth encourage further adoption of the radiation shielding doors market in the long run. Considering these factors, it is reasonable to say that the global radiation shielding doors market is growing at an appreciable compound annual growth rate (CAGR) of 1.8%. It is expected that the market might acquire a size of USD 15.89 million during the forecast period, that is, 2021-31.
Radiation shielding doors are designed with the aim of protecting the employees that work in hospitals as well as the patients from the harmful rays that might affect different parts of the body in an adverse manner. They may have a harmful effect on one's heart, brain, hair, and blood system.
A significant rise in the number of cancer cases, high risk of cataracts being developed, thyroid, decreased memory, and higher incidents of stroke are some conditions that are acting as factors due to which the demand for the radiation shielding door market is increasing in the medical industry at a global level.
However, there are a number of limitations that are linked to the global radiation shielding doors market. There are a number of factors that might hamper the growth of the market in the long run. There are high costs associated with the raw materials that are used in the radiation shielding doors market. Apart from this, the restrictions imposed by the government on the use of plastics can also impact the growth of this market in the near future. These factors might act as a hindrance to the process of growth of the global radiation shielding door market. In spite of all these restraints, the market is expected to experience a considerable rate of growth with new additions and developments that might take place in the market during the forecast period, that is, 2021-31.
The key players in the global radiation shielding doors market are A&L Shielding, Radiation Protection Products, Nelco, Amray, Ray-Bar Engineering, Gaven Industries, MarShield, ETS-Lindgren, and Global Partners in Shielding, and Veritas Medical Solutions among others. These players operate in the market and adopt a number of strategies to stay in the market and establish themselves at a higher position than their competitors.
Automatic Doors Type to Remain the Most Lucrative Segment
On the basis of type, the radiation shielding door market is categorized into automatic doors and manual doors. Among these, the automatic door segment is becoming more popular and is expected to hold the largest share in the market during the forecast period, that is, 2021-31. This is because the automatic doors are equipped with seal trips that are durable while having a high level of strength. It also causes or reduction in the creation of sound insulation effects.
The Hospitals Segment to Yield Maximum Revenue
In terms of application, the global radiation shielding door market is bifurcated into diagnostic centers and hospitals. Amongst the two, hospitals are projected to acquire a dominant share of the market during the study period. The factors driving the demand for this category in the market are an increase in the number of hospitals worldwide along with the basis for radiology equipment being installed. Due to these factors hospitals are expected to grow at a higher compound annual growth rate (CAGR) than diagnostic centers.
North America is Expected to Render Ample Investment Avenues
On the basis of region, the global radiation shielding door market is divided into North America Europe, Asia Pacific, the Middle East and Africa, and South America. Among all these regions, Europe is expected to have the largest share of the market by the end of the forecast period mainly because of a surge in the number of Hospitals.
Covid-19 Impact and Market Status
The crisis of the novel coronavirus was received by different industries in varying manners. The production process got adversely affected and the flow of raw materials was disturbed. The demand and supply chain was impacted negatively. Due to various regulatory measures imposed by the government, the manufacturers had to bear a number of challenges. During the Covid-19 pandemic, the radiation shielding doors were widely used in cases of radiography for diagnosing those who were infected with the virus but were asymptomatic. The rastic rise in the number of hospitals across the world also increased the demand for these doors. The awareness among people increased regarding the ill effects of radiation that was used during different types of treatment for fueling the growth of the market. The market is all geared up to acquire a moderate rate of growth during the forecast period, that is, 2021-31 as the restrictions are gradually being relaxed.
Latest Innovations in the Global Radiation Shielding Doors Market: a Snapshot
• Veritas Medical Solutions proudly welcomed Timothy Kardish as President to the Veritas family in November 2022. Tim has over 17 years of executive leadership and experience working for engineered solutions firms. He is a successful and creative company leader. Tim applies operational excellence, compelling initiatives, and best practices to Veritas with a passion for and focuses on profitable growth.
Radiation Shielding Door Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 15.89 million|
|Growth Rate||CAGR of 1.8% during 2021-2031|
|Segment Covered||by Type, By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||A&L Shielding, Radiation Protection Products, Nelco, Amray, Ray-Bar Engineering, Gaven Industries, MarShield, ETS-Lindgren, and Global Partners in Shielding, and Veritas Medical Solutions among others|
Key Segments of the Global Radiation Shielding Door Market
By Type Overview, 2021-2031 (USD Billion)
• Automatic Doors,
• Manual Doors,
By Application Overview, 2021-2031 (USD Billion)
• Diagnostics Centers,
By Regional Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and Africa