Contrast Media Market: Global Market Analysis and Forecast (2021-2029)

Contrast Media Market was valued at US$ 4 Bn. in 2021. Global Contrast Media Market size is expected to grow at a CAGR of 3.7 % through the forecast period.

Contrast Media Market Overview:

Contrast media are frequently utilized to separate patients' aberrant conditions from their normal ones. Contrast agents are another name for contrast media. Contrast agents are employed as the chemical components that are put into the patient's body before imaging the test to comprehend the health state. Diagnostic imaging procedures, such as ultrasound, X-rays, and cutting-edge imaging equipment like MRI & CT scans, are becoming more common due to the rising prevalence of complicated co morbid-comorbidities nic diseases. Claris can, a contrast agent used in macrocyclic MRI has received approval from the US FDA. These goods aid in determining the necessity of preoperative scans before operations and therapy in interventional procedures which is expected to promote market growth. Contrast Media Market To know about the Research Methodology :- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2029. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2029. 2021 is a year of exception and anal, yes, especially with the impact of lockdown by region.

Contrast Media Market Dynamics:

Market Trend: A type of intravenous radiocontrast (radiographic dye) called iodinated contrast media makes vascular structures and organs more visible during radiographic procedures. The iodinated contrast has aided in the diagnosis of diseases like cancer by improving visibility. The 2, 4, and 6 tri-iodinated benzene rings were chemically modified to create the iodinated contrast media that are currently in use. The quantity of iodine molecules in the tissue to be imaged determines how well an iodinated contrast medium attenuates X-rays, and this relationship is inversely related to the X-ray energy used for imaging. Market Drivers: The demand for medical imaging is rising as cardiac disease, unintentional injuries, and cancer becomes more common. This medical imaging is specifically used to examine the patient's various treatment phases. As a result, the global Contrast Media Market is experiencing increased demand due to the growing use of medical imaging. The demand for diagnostic imaging treatments and consequently contrast media has significantly increased as a result of the rising prevalence of chronic diseases around the world. To provide new goods to the market and get the contrast media approved for new indications, contrast media makers have been conducting substantial R&D as a result of the rising demand for imaging operations. Market Restraints: Contrast agents can be used safely in a variety of diagnostic techniques, including MRI and CT scans. However, some of the adverse effects and allergic reactions linked to their use could somewhat restrain global contrast media market growth. Their negative reactions might range from mild to severe; nevertheless, severe reactions and major allergic reactions to contrast agents are quite infrequent. The growth of the global Contrast Media Market may be hampered by important elements including side effects, allergic responses, or undesirable reactions like diarrhea, stomach cramps, nausea, constipation, and vomiting. As a result, the global contrast media market is hiring qualified producers to investigate these significant constraints. Market Opportunities: Healthcare professionals and people all over the world are embracing minimally invasive therapies and image-guided procedures more and more. From being a traditional diagnostic modality for OB/GYN imaging, ultrasonography has undergone a considerable transition to become a therapeutic approach for kidney stones, malignancies, and other clinical disorders. These initiatives will likely create new opportunities for manufacturers in contrast media market to increase their revenue. Due to improved public demand for diagnostic imaging services and an increase in the availability of various diagnostic imaging modalities, there is more attractive potential for the global contrast media market. Additionally, the global Contrast Media Market's marketing firms are launching new, cutting-edge technology and high-quality products with cutting-edge features. Market Challenges: The demand for secondhand ultrasound equipment has increased as a result of the high cost of cutting-edge ultrasound technology (such as focused ultrasound) and the financial limitations experienced by smaller healthcare providers. For instance, a typical 3D/4D ultrasound system in North America costs between USD 20,000 and USD 75,000, while a reconditioned 3D/4D ultrasound system costs between USD 5,000 and USD 40,000. Therefore, it is expected that a major obstacle to the contrast media market's growth will be consumers' increased desire for refurbished systems. Handling sophisticated and modern diagnostic imaging devices requires a high level of technical skill and expertise. The employment of radiology technologists could expand by roughly 7% during the forecast period. Although important, the shortage of professionals and radiologists will hinder the market growth. COVID-19 Impact: The COVID-19 pandemic's effects and the lockdowns it precipitated are evident in several areas, including the ultrasonography business. The healthcare, biotechnology, and pharmaceutical markets are concentrating on streamlining their operations to serve the greatest number of patients and healthcare professionals, whereas markets like oil and petroleum, aviation, and mining are suffering a sharp decline in revenues. The pandemic has hurt the ultrasound market, and this tendency is expected to last through December 2021. The growth of this market is being constrained by unfavorable modifications in legislation and guidelines. The closure of production facilities as a result of lockdowns, disruptions in supply chains, and difficulties in finding participants for clinical studies have all impeded the growth of the ultrasound market as a whole. Recent Development: • September 2021: With the acquisition of BK Medical, GE Healthcare expanded its ultrasound offering into surgical imaging and accelerated the development of precision health. • March 2021: Koninklijke Philips N.V. and DiA Imaging Analysis Ltd. have teamed up to provide operational efficiency and access to care for POC clients inside and outside of hospitals. Philips will make use of/integrate DiA's automated solutions with ultrasound devices. • December 2020: To increase accessibility to MR-guided focused ultrasound for incision-free neurosurgical applications, Koninklijke Philips N.V. teamed up with InSightec. • October 2020: To standardize the treatment in radiology, vascular, and echocardiography applications, GE Healthcare cooperated with St. Luke's University and built 76 ultrasound units.

Contrast Media Market Segment Analysis:

Based on Type, The iodinated contrast media category dominated the market with a market share of around 66.61 % in 2021. This can be ascribed to the widespread use of CT and X-ray treatments as well as the availability of nonionic stable iodinated agents for enhanced diagnosis. Although iodinated contrast agents are often injected intravenously, barium-based agents may occasionally be used instead for rectal and oral delivery. CT and X-ray images are enhanced using contrast materials with an iodine base. They are utilized to improve the vision of the brain, GI tract, internal organs, arteries, and veins. Iodinated contrasting media are frequently for a variety of reasons, including cancer, gastrointestinal, cardiovascular, musculoskeletal, neurological, and nephrological problems. The microbubble contrast media category is expected to increase at the fastest rate during the forecast period, Microbubble contrast agents are tiny gas bubbles that can be injected. They are most frequently used for heart ultrasound imaging. To observe tissue microcirculation, contrast agents for ultrasonic imaging have been created. They improve blood's echogenicity, which improves the ability to see and assess tissue vascularity, big veins, and heart cavities. The ability of microbubble contrast medium to reflect ultrasonic waves makes structures seem brighter on ultrasonography. Contrast Media Market Based on the Modality, The X-ray/CT segment held with 69.53 % of the market in 2021. High-resolution 3D images of structures are produced with the aid of X-ray/CT contrast agents. An X-ray and CT procedures, barium-based and iodinated contrast fluids are used. When supplied or injected into the body barium and iodine contrast agents block X-rays and prevent the rays from passing through. Images of the body's organs, blood vessels, and other tissues that momentarily contain barium- or iodinated-based contrast agents alter as a result. The widespread use of X-rays and CT for a variety of disorders is expected to propel market growth. The ultrasound market is expected to develop at the fastest rate during the forecast period. To see tissue microcirculation, contrast agents for ultrasound imaging have been created. Microbubbles are typically used as the modality's agents because they improve the blood's echogenicity, allowing for better visualization and evaluation of tissue vascularity, large vessels, and cardiac cavities. The many advantages that ultrasound contrast agents have over other imaging modalities are expected to drive the market's growth. Additionally, because it uses less ionizing radiation and is a well-known modality for the diagnosis of numerous disorders, including heart, liver, and kidney disease, ultrasonography is recommended in pediatric patients. The ultrasonic contrast agents market sector has a smaller market share despite being highly preferred. This is a result of the second-generation ultrasound contrast agents' expanded uses that have lately been given approval by regulatory bodies including the U.S. FDA.

Contrast Media Market Regional Insights:

The North American region dominated the market with a 44 % share in 2021. The market is expected to grow more quickly as a result of several strategic initiatives implemented by important manufacturers that target specific patient subsets in this area. The number of inpatient examinations is expected to rise as a result of the region's established healthcare facilities, easy access to cutting-edge technology, increased demand for diagnostic procedures due to disease screening programs, and management of existing diseases. The number of operations might be reduced, though, by healthcare reforms that impose standards for acceptable use to stop pointless treatments. The Asia Pacific region is expected to witness significant growth at a CAGR of 4% through the forecast period. This can be due to the region's established local and international manufacturers. For instance, one of the largest contrast media production facilities of GE Healthcare is General Electric Pharmaceuticals (Shanghai) Co., Ltd., a division of GE that manufactures diagnostic pharmaceuticals (CT/MR contrast media) in China. It is expected that this element would continue to fuel regional market growth. The objective of the report is to present a comprehensive analysis of the global Contrast Media Market to the stakeholders in the market. The past and current status of the market with the forecast market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the market with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the market to the decision-makers. The reports also help in understanding the Contrast Media Market dynamic, and structure by analyzing the market segments and projecting the Contrast Media Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Contrast Media Market make the report investor’s guide.

Contrast Media Market Scope: Inquire before buying

Global Contrast Media Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 4 Bn.
Forecast Period 2022 to 2029 CAGR: 3.5% Market Size in 2029: US$ 5.27 Bn.
Segments Covered: by Type • Iodinated • Barium-based • Gadolinium-based • Microbubble
by Application • Cardiovascular Disorders • Neurological Disorders • Gastrointestinal Disorders • Cancer • Nephrological Disorders • Musculoskeletal Disorders • Others
by Modality • X-ray/CT • MRI • Ultrasound

Contrast Media Market by Region

• North America • Europe • the Asia Pacific • South America • the Middle East and Africa

Contrast Media Market Key Players

• Bayer AG • Bracco Diagnostic Inc. • DAIICHI • NANOSCAN IMAGING • Lantheus Medical Imaging Inc. • Taejoon Pharm • Magnus Health • Spago Nanomedical AB • Judasas Expo • GE Healthcare • Guerbet Group • General Electric Company • Bracco Diagnostic, Inc. • Nano Therapeutics Pvt. • iMax • Trivitron Healthcare Frequently Asked Questions: 1] What segments are covered in the Global Contrast Media Market report? Ans. The segments covered in the Contrast Media Market report are based on Type, Modality, and Application. 2] Which region is expected to hold the highest share in the Global Contrast Media Market? Ans. The North American region is expected to hold the highest share in the Contrast Media Market. 3] What is the market size of the Global Contrast Media Market by 2029? Ans. The market size of the Contrast Media Market by 2029 is expected to reach US$ 5.27 Bn. 4] What is the forecast period for the Global Contrast Media Market? Ans. The forecast period for the Contrast Media Market is 2022-2029. 5] What was the market size of the Global Contrast Media Market in 2021? Ans. The market size of the Contrast Media Market in 2021 was valued at US$ 4 Bn.
1. Global Contrast Media Market Size: Research Methodology 2. Global Contrast Media Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Contrast Media Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Contrast Media Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • the Asia Pacific • the Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Contrast Media Market Size Segmentation 4.1. Global Contrast Media Market Size, by Type (2021-2029) • Iodinated • Barium-based • Gadolinium-based • Microbubble 4.2. Global Contrast Media Market Size, by Application (2021-2029) • Cardiovascular Disorders • Neurological Disorders • Gastrointestinal Disorders • Cancer • Nephrological Disorders • Musculoskeletal Disorders • Others 4.3. Global Contrast Media Market Size, by Modality (2021-2029) • X-ray/CT • MRI • Ultrasound 5. North America Contrast Media Market (2021-2029) 5.1. North America Contrast Media Market Size, by Type (2021-2029) • Iodinated • Barium-based • Gadolinium-based • Microbubble 5.2. North America Contrast Media Market Size, by Application (2021-2029) • Cardiovascular Disorders • Neurological Disorders • Gastrointestinal Disorders • Cancer • Nephrological Disorders • Musculoskeletal Disorders • Others 5.3. North America Contrast Media Market Size, by Modality (2021-2029) • X-ray/CT • MRI • Ultrasound 5.4. North America Contrast Media Market, by Country (2021-2029) • the United States • Canada • Mexico 6. Europe Contrast Media Market (2021-2029) 6.1. Europe Contrast Media Market, by Type (2021-2029) 6.2. Europe Contrast Media Market, by Application (2021-2029) 6.3. Europe Contrast Media Market, by Modality (2021-2029) 6.4. Europe Contrast Media Market, by Country (2021-2029) • the UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Contrast Media Market (2021-2029) 7.1. Asia Pacific Contrast Media Market, by Type (2021-2029) 7.2. Asia Pacific Contrast Media Market, by Application (2021-2029) 7.3. Asia Pacific Contrast Media Market, by Modality (2021-2029) 7.4. Asia Pacific Contrast Media Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASIANAAN • Rest Of APAC 8. the Middle East and Africa Contrast Media Market (2021-2029) 8.1. the Middle East and Africa Contrast Media Market, by Type (2021-2029) 8.2. the Middle East and Africa Contrast Media Market, by Application (2021-2029) 8.3. the Middle East and Africa Contrast Media Market, by Modality (2021-2029) 8.4. the Middle East and Africa Contrast Media Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Contrast Media Market (2021-2029) 9.1. South America Contrast Media Market, by Type (2021-2029) 9.2. South America Contrast Media Market, by Application (2021-2029) 9.3. South America Contrast Media Market, by Modality (2021-2029) 9.4. South America Contrast Media Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Bayer AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Bracco Diagnostic Inc. 10.3. DAIICHI 10.4. NANOSCAN IMAGING 10.5. JudasJodas Expo 10.6. GE Healthcare 10.7. Guerbet Group 10.8. Lantheus Medical Imaging Inc. 10.9. Taejoon Pharm 10.10. Magnus Health 10.11. Spago Nanomedical AB 10.12. General Electric Company 10.13. Bracco Diagnostic, Inc. 10.14. Nano Therapeutics Pvt. Ltd. 10.15. iMax 10.16. Trivitron Healthcare

About This Report

Report ID 54969
Category Life Science
Published Date July 2022
Updated Date
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