Data Bridge Market Research analyses that the radiation protection fibre market will witness a CAGR of 4.1% for the forecast period of 2022-2029 and is likely to reach at USD 4,881.3 million by 2029.
The use of radiation protection fibre is to deliver an appropriate level of protection for living beings without excessively limiting the useful actions giving rise to radiation exposure.
The growing healthcare industry worldwide is the major factor accelerating the growth of the radiation protection fibre market. Furthermore, growing incidences of cancer, increasing usage of nuclear medicine and radiation therapy for diagnosis and treatment of cancer, increasing number of diagnostic imaging centres and installation bases of radiology equipment, increasing safety awareness among people working in radiation-prone environments also expected to drive the growth of the radiation protection fibre market in the forecast period of 2022 to 2029. However, high cost of MRI scanners and awareness about radiation protection fibre will restrains the radiation protection fibre market, whereas, lower number of people covered by insurance will challenge radiation protection fibre market growth.
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Some of the major players operating in the radiation protection fibre market report are global medical radiation detection, monitoring safety market are Thermo Fisher Scientific Inc., RDC Inc., IBA Worldwide, LANDAUER, Fluke Corporation, Biodex, PTW Freiburg GmbH, Ludlum Measurements Inc., Mirion Technologies Inc., Amray Radiation Protection, Arrow-Tech, Inc., Sun Nuclear Corporation, Infab Corporation, Fuji Electric Co. Ltd., Arktis Radiation Detectors Ltd, AMETEK.Inc., Polimaster Ltd., RaySafe, GENERAL ELECTRIC, Bar·Ray Products and ECOTEST among other.
Scope of the Radiation Protection Fibre Market Report:
The radiation protection fibre market is segmented on the basis of product and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the metal powder market is segmented into multiion fibre, metal fibre, silver fiber, and metallized fibre.
- On the basis of application, the metal powder market is segmented pregnant women protection, personal protection, industrial protection, national defense and military industry, medical and laboratory.
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Radiation Protection Fibre Market Regional Analysis/Insights
The Radiation Protection Fibre market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Radiation Protection Fibre market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Radiation Protection Fibre within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Radiation Protection Fibre market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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