Contrast Media Market size, analysis, and forecast report by 2027

 

Market Overview

The global contrast media market is expected to grow at a CAGR of 3.7 percent to USD 5.9 billion by 2026, up from USD 4.9 billion in 2021. The rising frequency of chronic diseases, the increasing number of contrast agent approvals, the increasing amount of CT and MRI examinations conducted, the increasing number of diagnostic centers and hospitals, and the accessibility of reimbursement contribute to the Market's development. Players in the Market should expect excellent growth possibilities in emerging markets in Asian countries. Advanced therapies, on the other hand, may be limited in their market expansion due to their high cost and inaccessibility. The contrast media/contrast agents market is divided into administration routes, modalities, indications, end-users, applications, and regions.

Market Segmentation

·         By Type:

Gadolinium-based contrast media, barium-based contrast media, iodinated contrast media, and microbubble contrast media are the different types of contrast media based on the type segment. Different forms of contrast media play diverse roles in the contrast media business.

·         By Form:

The Global Market has been divided into tablet, liquid, powder, and paste based on the form segment. The intended audiences choose all of these forms as per the product specifications.

·         By Procedures:

The contrast media allergy market has been segmented into ultrasound, magnetic resonance imaging (MRI), X-ray or computed tomography (CT), and others depending on procedures.

·         They talked about significant procedures driving up demand in the global contrast media industry.

·         By Applications:

The Market has been divided into cancer, gastrointestinal disorders, neurological disorders, cardiovascular disease, and other indications based on application segments. As a result, contrast media manufacturers are seeing additional opportunities as the number of applications grows.

·         By Route of Administration:

The Market has been divided into three segments based on administration: rectal, injectable, and oral. The injectable route of administration is one of these, and it aims to expand the global Contrast Media Industry.

Contrast Media Market Competitive Landscape Analysis

The Contrast Media Market has significant major players across various parts of the countries. These significant key players are:

Bayer AG (Germany), Bracco Diagnostic Inc. (US), DAIICHI (Japan), NANOSCAN IMAGING (US), Jodas Expoim (India), GE Healthcare (US), Guerbet Group (France), Lantheus Medical Imaging Inc. (US), Taejoon Pharm (Korea), Magnus Health (US), Spago Nanomedical AB (Germany).

Regional Classification

In 2020, the largest regional market for contrast media/contrast agents was North America. North America (the United States and Canada), Europe (Germany, Spain, France, the United Kingdom, Italy, and the Rest of Europe), Asia Pacific (Japan, India, China, and the Rest of Asia Pacific), Latin America, and the Middle East and Africa make up the global contrast media/contrast agents market. North America, followed by Europe, dominated the global contrast media/contrast agents market in 2020. The presence of prominent players in the region, the growing elderly population, the high prevalence of chronic illnesses, and the increasing use of minimally invasive procedures contribute to the region's large share of the Market.

Industry News

Increased rates of chronic diseases, increased need for image-guided operations and diagnostics, and a significant number of contrast agent approvals are all driving the expansion of the contrast media market. The use of image-guided treatments can aid in determining whether malignancy is malignant or benign.

With numerous types of chronic diseases common worldwide, the demand for diagnostic imaging is at an all-time high.

With time, image-guided surgeries (IGS) are increasing in popularity. These methods can be used to diagnose and treat a variety of illnesses. The growing need for and desire for imaging refinement throughout surgeries necessitates novel processing, data collecting, and presentation methods, as well as a thorough understanding of the imaging process as well as its therapeutic applications.

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