Global Contrast Media Market Size Analysis, Growth and Insights By Type (Iodine-based, Intravenous Contrast Materials), Application (Oncology, Cardiovascular Disorders, nephrological Disorders), Procedure (Computed Tomography, X-ray, Magnetic Resonance Imaging, ultrasound), Route of Administration (Oral, Rectal, Injectable), Forecast To 2023
Global Contrast Media Market size and share will grow at a CAGR of 6.3% over the forecast period of 2017 – 2023. Contrast Media is a substance that enhances the visibility of internal organs during radiography. Besides, the burgeoning healthcare sector and advancements in medical imaging technology & techniques, act as a significant tailwind to the growth of the market. Strong headways in terms of product developments and their approvals drive the growth of the contrast media market. These advancements have introduced improved utilization of the existing contrast media while presenting innovative agent.
Extensive uses of contrast media in medical imaging to enhance the visibility of blood vessels and GI tract are supporting the growth of the contrast media market. The augmented market demand led by the expectations of radiologists is helping the market to garner exponential traction, worldwide. Simultaneously, the rising prevalence of various chronic diseases such as GIT, cancer, cardiac conditions, and an increase in the number of public as well as private diagnostic centres are fostering the contrast media market growth.
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Market Segmentation
contrast media market is segmented by
- type
- procedure
- application
- route of application
By type, the contrast media market is segmented into
- intravenous contrast materials
- iodine-based contrast media agents
- others
By application, the contrast media market is segmented into
- nephrological disorders
- oncology
- cardiovascular disorders
- others
By route of administration, the contrast media market is segmented into
- injectable
- rectal
- oral
Regional Insights:
With largest contrast media market share North America leads the global market. Advancements in the medical imaging technologies is a key driving force behind the regional contrast media market growth. Moreover, increasing prevalence of GI disease and massive uptake of advanced technologies in medical science, drive the growth of the regional market. The presence of notable players and their increasing emphasis on delivering cost-competitive contrast media foster the growth of the regional market.
Europe stands second in the global contrast media market, becoming a lucratively growing market. Increasing healthcare expenditures and the adoption of advanced technologies boost the growth of the regional contrast agent market. Additionally, the presence of global players fosters the growth of the medical supplies market in the region.
The Asia Pacific, contrast media market, is rapidly emerging as a profitable market. Rapidly increasing healthcare sectors and the developing economy in the region are pushing up the growth in the regional market. APAC countries such as Japan, China, and India, drive the regional contrast agent market growth, majorly. Besides, the rising population and the spreading awareness towards the functionalities of contrast media impact the market growth, positively.
Market Key players
Top Leading Companies in the contrast media market are
- Medrad Inc. (US)
- Guerbet Group (France)
- Subhra Pharma Private Limited (India)
- GE Healthcare (US)
- CMC Contrast AB (Sweden)
- Daiichi (Japan)
- Bayer Healthcare Pharmaceuticals (Germany)
- AMAG Pharmaceuticals (US)
- Bracco Diagnostic Inc. (Italy)
- Lantheus Medical Imaging (U.S.)
- Covidien (Ireland)
- Mallinckrodt Pharmaceuticals (UK)
- Targeson (US)
- nanoPET Pharma GmbH (Germany)
- NanoScan Imaging (US)
Contrast Media Market Drivers and Impact:
- Key Factors responsible for development of market
- Growing Demand from Key Applications and Potential Industries
- Contrast Media Market Challenges and Impact
- Rising Demand from Key Regions
- Contrast Media Market Trends
Table Of Content:
Introduction
- Definition
- Scope of study
- Research objective
- Assumptions & limitations
- Assumptions
- Limitations
- Market structure
Research methodology
- Research process:
- Primary research
- Secondary research
Market Dynamics
- Drivers
- Restraints
- Opportunities
- Macroeconomic indicators
Market Factor Analysis
- Porters five forces model
- Bargaining power of suppliers
- Bargaining power of buyers
- Threat of new entrants
- Threat of substitutes
- Intensity of rivalry
Global Contrast Media Market, by type
- Intravenous contrast materials
- Iodine-based
- Other
Global Contrast Media Market, by procedures
- X-ray
- Computed tomography
- Magnetic resonance imaging
- Ultrasound
- Other
Global Contrast Media Market, by application
- Cardiovascular disorders
- Oncology
- Nephrological disorders
Global Contrast Media Market, by route of administration
- Rectal
- Oral
- Injectable
- Other
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