The global contrast injector market segmented on basis of product, application, and region. In 2016, North America is expected to account for largest share of global contrast injector market, followed by Europe, Asia-Pacific, & Rest of the World (RoW). Asia-Pacific projected to have highest growth rate in the forecast period.
Contrast injector market projected to reach USD 636.1 Million by 2021 from USD 445.5 Million in 2016, growing at a CAGR of 7.4% during forecast period. Contrast injector market growth can primarily be attributed to factors like large number of approvals for contrast agents in different geographies & increasing number of public & private diagnostic centers. On other hand, side effects & allergic reactions associated with contrast agents are expected to limit market growth to a certain extent.
Complete report on Contrast Injector Market spread across 125 Pages, Profiling 10 Companies and Supported with 69 Tables and 32 Figures is now available at http://www.reportsnreports.com/reports/993930-contrast-injector-market-by-product-injector-systems-ct-injector-mri-injector-consumables-injector-head-tubing-accessories-application-radiology-interventional-cardiology-interventional-radiology-st-to-2021.html .
The contrast injector market report has high growth in region can be attributed to rising approvals for various contrast agents in Asia-Pacific countries, developing markets, and growing presence of international players in this region. In addition, availability of government support for research, high healthcare expenditures in APAC countries, rising aging population, and increasing cancer incidences are expected to support the growth of Asia-Pacific contrast injector market.
Stakeholders of the Contrast Injector Market
- Contrast Injector Manufacturers and Distributors
- Contrast Media/Contrast Agent Manufacturers and Distributors
- Companies Manufacturing X-ray, CT, MRI, and Cath Lab Equipment
- Niche Companies Manufacturing Novel Contrast Agents and Contrast Injectors
- Healthcare Institutions (Hospitals, Academic Medical Centers, and Outpatient Clinics)
- Radiology Centers
- Medical Imaging & Nuclear Medicine Consultants
- Health Insurance Players
- Research and Consulting Firms
Contrast injector market systems segment expected to command largest share of market. MRI injector systems segment expected to grow at highest CAGR during forecast period. Consumables segment is further divided into injector heads, syringes, tubing, & other consumables (scan bags, valves, vials, and spikes). In 2016, injector heads segment estimated to account for largest share of consumables market. Injector heads segment is further categorized into single head injectors, dual head injectors, and syringeless injectors. Single head injectors segment is expected to command largest share of market, in 2016.
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The injector systems segment is further divided into CT injector systems, MRI injector systems, and angiography injector systems. In 2016, the CT injector systems segment is expected to command the largest share of the market. The MRI injector systems segment is expected to grow at the highest CAGR during the forecast period. The consumables segment is further divided into injector heads, syringes, tubing, and other consumables (scan bags, valves, vials, and spikes).
In-depth interviews were conducted with CEOs, sales and marketing directors, other innovation and technology directors, and executives from various key organizations operating in the contrast injector market.
- By Company Type: Tier 1: 10%, Tier 2: 63%, Tier 3: 27%
- By Designation: Director Level: 19%, C-level: 28%, Others: 53%
- By Region: North America: 27%, Europe: 27%, APAC: 30%, RoW: 16%
The contrast injector market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (market developments (product approvals); product deployment; product launch; and other strategies (grants, award & recognition, investment, expansion, agreements, and acquisitions)to increase their market shares and establish a strong foothold in the global market.
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Report provides a picture of contrast injector market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as by product, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, product pipeline, and key market strategies.
High growth rate of this segment can be attributed to factors like rising aging population and cancer incidences, expansion of international players in China and India, increasing R&D investments in China, & favorable regulatory changes in New Zealand and Australia.