Radiation Shielding Wall Panels Market Report 2025

The radiation shielding wall panels market size has grown strongly in recent years. It will grow from $1.4 billion in 2024 to $1.52 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth during the historic period can be attributed to the increasing use of radiation therapies in hospitals, growing awareness about radiation safety, the rising number of diagnostic imaging centers, increased adoption of nuclear medicine, and the implementation of stricter government regulations on radiation protection.

The radiation shielding wall panels market size is expected to see strong growth in the next few years. It will grow to $2.06 billion in 2029 at a compound annual growth rate (CAGR) of 8%. The growth during the forecast period can be attributed to increasing demand for advanced radiation treatments, heightened focus on patient and staff safety, the expansion of radiology and oncology departments, rising use of radiopharmaceuticals, and a growing global aging population. Key trends in the forecast period include advancements in radiation shielding materials, innovations in panel design and installation, integration of eco-friendly materials, development of advanced safety compliance technologies, and progress in lightweight shielding solutions.

The surge in diagnostic imaging procedures is expected to significantly drive the growth of the radiation shielding wall panels market in the coming years. Diagnostic imaging refers to medical techniques such as X-rays, CT scans, and fluoroscopy that produce visual representations of the body’s interior to aid in clinical analysis, diagnosis, and treatment planning. The increasing demand for these procedures is largely driven by the focus on early disease detection, which allows healthcare providers to identify conditions accurately before symptoms worsen. Radiation shielding wall panels play a crucial role in supporting diagnostic imaging by protecting patients, medical staff, and surrounding environments from harmful ionizing radiation. These panels ensure safety while maintaining high image quality and adhering to strict regulatory standards. For example, between December 2022 and November 2023, NHS England reported a total of 45.9 million imaging tests, with 3.79 million performed in November 2023 alone, illustrating the growing volume of diagnostic imaging. Thus, the rising demand for diagnostic imaging is propelling the adoption of radiation shielding wall panels, driving market growth by addressing safety concerns and compliance requirements in medical facilities.

The expansion in the energy and infrastructure sectors is anticipated to drive the growth of the radiation shielding wall panels market moving forward. These sectors encompass the development, upkeep, and management of vital systems such as power generation, transmission, distribution, transportation, and construction that underpin economic progress and societal welfare. Growth in these areas is fueled by rising investments in clean energy and modern grids, spurred by the global transition toward sustainability. Radiation shielding wall panels support the energy and infrastructure sectors by offering essential protection against harmful radiation, ensuring the safety of personnel and sensitive equipment in power plants, research facilities, and large-scale infrastructure projects. For example, in March 2025, the American Society of Civil Engineers (ASCE), a US-based professional body, reported that investor-owned utilities increased transmission investments from $25.1 billion in 2021 to $26.7 billion in 2022, with forecasts reaching $32.1 billion by 2026, amounting to an estimated $121 billion in transmission construction spending between 2023 and 2026. Consequently, the growth in energy and infrastructure sectors is propelling the radiation shielding wall panels market.

In August 2023, MXR Imaging Inc., a US-based medical imaging company, acquired Spartan Shielding LLC for an undisclosed sum. Through this acquisition, MXR Imaging aims to improve and consolidate its medical imaging services by incorporating in-house capabilities for shielding across RF, magnetic, and radiation fields. Spartan Shielding LLC, based in the US, manufactures shielding products and components specializing in radiation shielding wall panels.

Major players in the radiation shielding wall panels market are ETS-Lindgren, NELCO Worldwide, Wardray Premise Limited, Lemer Pax S.A.S., Radiation Protection Products Inc., MarShield Radiation Shielding, Gaven Industries Inc., Raybloc (X-ray Protection) Limited, Ray-Bar Engineering Corporation, Envirotect Limited, A&L Shielding Inc., Nuclear Shields B.V., Liberty Shielding LLC, STB Group NV, Global Sonics Inc., Nuclead - Nuclead Co Inc., Intech Partners LLC, RAYPROTEC, H.M.S. Metal Corporation, and Bariblock S.R.L.

North America was the largest region in the radiation shielding wall panels market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in radiation shielding wall panels report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the radiation shielding wall panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Radiation shielding wall panels are specially designed building components meant to reduce or block the passage of ionizing radiation such as X-rays, gamma rays, or neutrons. These panels are made from materials with high radiation-attenuating properties, commonly including lead, concrete, or composites incorporating metals such as steel, tungsten, or lead balls, to effectively absorb or scatter incoming radiation and reduce its intensity on the protected side.

The main types of radiation shielding wall panels include gamma radiation shielding, X-ray radiation shielding, neutron radiation shielding, and alpha radiation shielding. Gamma radiation shielding involves materials or structures that block or reduce gamma ray intensity, safeguarding people or equipment from harmful exposure. Materials used include lead-based panels, concrete-based panels, gypsum-based panels, polyethylene-based panels, and steel-based panels, available in various thicknesses such as thin, medium, and thick panels. These panels find applications in medical radiation shielding, nuclear power plants, research laboratories, industrial radiation shielding, and defense. They serve several end users, including healthcare, energy and utilities, government and military, research and development institutions, and construction and engineering sectors.

The radiation shielding wall panels market research report is one of a series of new reports that provides radiation shielding wall panels market statistics, including radiation shielding wall panels industry global market size, regional shares, competitors with a radiation shielding wall panels market share, radiation shielding wall panels market segments, market trends and opportunities, and any further data you may need to thrive in the radiation shielding wall panels industry. This radiation shielding wall panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The radiation shielding wall panels market consists of sales of lead sheets, lead-lined doors and windows, lead bricks, shielding glass, and barium plaster. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.