123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Contrast Media Market Set To Witness Substantial Growth Over 2022-2027

Profile Picture
By Author: MarketsandMarkets™
Total Articles: 341
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The contrast media industry is growing rapidly and is expected to continue growing in the foreseeable future. According to a recent study, the global contrast media market size is projected to reach USD 6.1 billion by 2027 from USD 5.1 billion in 2022, at a CAGR of 3.7% during the forecast period. Growth in the contrast media market is mainly driven by factors such as the rising prevalence of chronic diseases, growing approvals of contrast agents, rising volume of CT and MRI examinations performed, growing number of diagnostic centers and hospitals, and availability of reimbursement. Emerging markets in Asian countries are expected to offer strong growth opportunities for players in the market. In contrast, the high cost and inaccessibility of advanced therapeutics may restrict market growth to a certain extent.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=911

Contrast Media ...
... Market Top Segments

Magnetic Resonance Imaging (MRI) Contrast Agents: MRI contrast agents are used to enhance the contrast of tissues in MRI scans. They are used to diagnose abnormalities in organs and tissues, detect tumors, and examine blood vessels.
X-ray and Computed Tomography (CT) Contrast Agents: X-ray and CT contrast agents are used to enhance the contrast of tissues in medical imaging scans. They are used to detect and diagnose malignant tumors, cardiovascular diseases, and other medical conditions.
Ultrasound Contrast Agents: Ultrasound contrast agents are used to improve the visibility of organs and other structures on ultrasound images. They are used to detect and diagnose conditions such as cardiovascular diseases and tumors.
Barium Sulfate: Barium sulfate is used to improve the clarity of X-ray and CT images. It is used to identify abnormalities in the gastrointestinal tract, diagnose cancer and other diseases, and detect blockages in the digestive tract.
Gastrointestinal Contrast Agents: Gastrointestinal contrast agents are used to enhance the visibility of the gastrointestinal tract on medical imaging scans. They are used to diagnose gastrointestinal diseases, detect tumors, and evaluate digestive system function.

Innovation in Contrast Media Market

Innovations in contrast media are expected to lead to market growth in the near future. These innovations include the development of new contrast agents.

Use of artificial intelligence to optimize contrast enhancement
Development of new delivery systems
Rapid advances in imaging technologies
New contrast agent formulations with lower toxicity profiles
Increasing focus on precision medicine and targeted therapies

Some of the prominent key players are:

GE Healthcare (US)
Bracco Imaging SPA (Italy)
Bayer AG (Germany)
Guerbet (France)
J.B. Chemicals and Pharmaceuticals Ltd. (India)
Lantheus Medical Imaging, Inc. (US) and many more.......

GE Healthcare (US) is the leading player in the contrast media/ contrast agents market in 2020. The company serves customers in more than 170 countries and has a strong distribution network globally across the Americas, Europe, the Pacific Basin, and the Middle East & Africa. GE Healthcare’s pharmaceutical segment has a strong foothold in the US, accounting for 42% of its total revenues.

Bracco Imaging SPA (Italy) accounted for the high share of the contrast media/ contrast agents market in 2020. The company has a broad product portfolio in the X-ray and CT contrast media segment. The company markets its contrast media products in over 100 countries directly or indirectly. It generates 89% of revenue through international sales.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=911  

The contrast agents market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East & Africa (MEA). North America was the largest regional market for contrast media/ contrast agents market in 2020. The large share of the North American market can be attributed to presence of major players in the region, high prevalence of chronic disorders, growing geriatric population, and the increasing adoption of minimally invasive procedures.

More About the Author

An innovative professional with 6+ years of progressive experience within the Healthcare industry. with the skills to drive business growth, capitalize on new revenue potential, and manage all aspects of daily internet / eCommerce operations.

Total Views: 106Word Count: 603See All articles From Author

Add Comment

Business Articles

1. Catering Services In Noida For Every Occasion
Author: Catering Services in Noida

2. Leading The Way In Business Continuity Management System (bcms) In Uae And Dubai
Author: kohan

3. Manila Rope: A Versatile Solution For Various Industries In The Uae
Author: yasirsheikh1891

4. Exploring Asian Clothes Online: A Guide For Uk Shoppers
Author: Dazzle and Bloom

5. Maximizing Your Email Marketing Roi: A Comprehensive Guide
Author: tim seifert

6. Spray Paint: The Ultimate Solution For Versatile And Efficient Painting
Author: yakubali7842

7. High-quality Thrust Needle Roller Bearings: Essential For Reliable Performance
Author: psbearings

8. Web Design Company In Coimbatore
Author: cp

9. Top Needle Roller Bearing Manufacturer: Quality You Can Rely On
Author: psbearings

10. Discover The Best Rfid Tags For Your Industry Needs At Id Tech Solutions
Author: Shivam Kumar

11. Translation Company In India
Author: Lingosolution

12. Why Perlau Gwyn Dental Care Is The Top Choice For Dentists In Cardiff And Teeth Whitening Services
Author: Rebecca Brown

13. Hybrid Inverters & Their Diverse Applications
Author: blogswalaindia

14. The Role Of Solar Panels In Sustainable Living
Author: blogswalaindia

15. Solar Energy And Battery Storage: What You Need To Know
Author: blogswalaindia

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: