Contrast Media Market 2022: Key Players, Market size, challenges, and opportunities
Contrast Media Market Research Report
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.
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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).
These
contrast media companies are the pillar of the global contrast media market.
These key players are creating better outcomes by implying different marketing
strategies and methods.
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.
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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