Contrast Media Market Research Report Information By Type (Iodinated Contrast Media, Gadolinium-Based Contrast Media), By Form (Tablet, Powder, Liquid, Paste), By Procedures (X-ray/Computed Tomography, Magnetic Resonance Imaging), By Application (Cardiovascular Disease, Oncology, Gastrointestinal Disorders), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
The contrast media market size was valued at USD 3.1 billion in 2022 and is projected to grow from USD 3.2 Billion in 2023 to USD 4.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.01% during the forecast period (2023 – 2030). A growing number of diagnostics procedures and the increasing popularity of minimally invasive procedures are the key market drivers enhancing market growth.
The major factors for the growth of the contrast media market include the increase in the number of chronic diseases, rising demand for image-guided procedures and diagnostics, and a large number of approvals for contrast agents.
The healthcare system has witnessed huge challenges as a result of the COVID-19 pandemic. All outpatient treatments were restricted during the COVID-19 pandemic to reduce the risk of viral transmission. Conversely, a chest CT scan is a important procedure used in the diagnosis of COVID-19. Thus, the market for contrast media is estimated to increase in size during the forecast period.
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It Increase the prevalence of cancer and cardiac disease. Increasing patient pool increases the demand for medical imaging, which boosts the contrast media market.
The contrast media market segmented into type, form, procedures, application.
Based on the type, contrast market segmented into iodinated contract media, godalinium based contrast media and microbubble contrast media, Barium-based Contrast Media.
Based on the procedure, contrast market segmented into X-ray/Computed Tomography (CT), Ultrasound and Magnetic Resonance Imaging (MRI).
Based on the application, contrast market segmented into Cardiovascular Disease, Neurological Disorders and Gastrointestinal Disorders and Oncology.
Key Playersanies Profiled
Some of the top market players are:
- Bayer AG (GERMANY)
- Bracco Diagnostic Inc (US)
- Jodas Expoim (INDIA)
- Magnus Health (US)
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The major driving factor for the market’s growth in the United States is increasing in chronic diseases, such as cardiovascular and neurological diseases.
The largest consumer market for contrast media in North America is United States.
North America Expected to Continue Market Dominance over the Forecast Period till 2030.
North America holds a major share in the contrast media market and is expected to show a similar trend over the forecast period without significant change. The first gadolinium-based contrast type agent was approved in the United States. Four type agents were approved in the United States in the past decade, and this has resulted in a strong trend in the industry to continue to find more accurate, and safe agents. The contrast media sales are expected to grow in the United States over the happening years.
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