The latest research study “Contrast Media Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global contrast media market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.11% during 2023-2028.
Contrast media refer to substances that are introduced into the body to improve the contrast of tissues and organs during medical imaging examinations. They are available as iodine-based contrast media, gadolinium-based contrast media, and barium-sulfate, which is used in fluoroscopy and gastrointestinal studies and is administered orally or rectally to visualize the gastrointestinal tract. They help highlight specific anatomical structures or detect abnormalities that might not be clearly visible with standard imaging techniques alone. They enhance the visibility of internal structures and organs during diagnostic tests, enabling healthcare professionals to obtain more accurate and detailed images.
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Contrast Media Market Trends and Drivers:
At present, the increasing demand for contrast media as they enable healthcare professionals to visualize organs, blood vessels, and other structures with greater clarity, aiding in the accurate diagnosis of various medical conditions, represents one of the vital factors impelling the growth of the market. Besides this, the rising utilization of contrast media in angiography and vascular imaging studies to assess blood flow, detect blockages, and identify vascular abnormalities is supporting the growth of the market. In addition, the growing incidence of chronic ailments among the masses due to the adoption of sedentary lifestyle habits is offering a favorable market outlook. Apart from this, the increasing development of personalized medicine and targeted therapies is contributing to the growth of the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Bayer AG
- Beijing Beilu Pharmaceuticals Company Limited
- Bracco S.p.A.
- General Electric Company
- Guerbet
- iMAX Diagnostic Imaging Limited
- J.B. Chemicals & Pharmaceuticals Limited
- Jodas Expoim Pvt. Ltd.
- Lantheus
- Nano Therapeutics Pvt Ltd
- SANOCHEMIA Pharmazeutika GmbH
- TAEJOON PHARM Co. Ltd.
- Trivitron Healthcare.
The report has segmented the market on the basis of type, modality, application, route of administration and end user.
Breakup by Type:
- Iodinated Contrast Media
- Gadolinium-based Contrast Media
- Microbubble Contrast Media
- Barium-based Contrast Media
Breakup by Modality:
- X-ray/Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- Ultrasound
Breakup by Application:
- Radiology
- Interventional Radiology
- Interventional Cardiology
Breakup by Route of Administration:
- Intravenous/Intrarterial
- Oral Route
- Rectal Route
- Others
Breakup by End User:
- Hospital, Clinics and Ambulatory Surgery Centers
- Diagnostic Imaging Centers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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