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Thursday, September 14, 2023

Radiation Protection Apparel Market is anticipated to grow at a CAGR of 7% during 2023-2028

The global radiation protection apparel market is projected to reach $1.26 billion by 2028, at a CAGR of 7% during 2023-2028. The growth of radiation protection apparel market is driven by increasing awareness among people working in radiation-prone settings and significant demand for radiation-protective clothing among healthcare professionals owing to medical imaging activities.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the radiation protection apparel market by product type (lead free, lead-based, light weight lead composite, and others), application (hospitals, clinics, research laboratories, and academic institutions), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the radiation protection apparel market?

Q.4 What are some changing demands of customers in the radiation protection apparel market?

Q.5 What are the new developments in the radiation protection apparel market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this radiation protection apparel area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this radiation protection apparel market?

Market Segmentation:

Based on product type, the radiation protection apparel market is segmented into lead free, lead-based, light weight lead composite, and others. The lead-based segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its superior radiation shielding, ease of use, and are considered suitable for all forms of shielding.

North America will remain the largest region due to the growing number of trained radiologic technologists, increasing awareness of safety through the use of radiation protection equipment, and rising number of PET/CT scan activities in the region.

Key Players in the radiation protection apparel market are INFAB, Barrier Technologies, Kiran Medical Systems, MAVIG, and Ultraray.

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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