Press release
Microbubbles/Ultrasound Contrast Agents Market Worth 1,584.5 Million USD By 2024
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Key market segments to watch
The global microbubbles/ultrasound contrast agents market studied in this report is majorly segmented on the basis of therapeutic area (cardiovascular diseases, renal and associated diseases, and others), application (molecular imaging, gene therapy, drug delivery, and stem cells delivery), and geography.
On the basis of therapeutic area, cardiovascular diseases commanded the largest share in the global microbubbles/ultrasound contrast agents market in 2017, mainly due to rising adoption of ultrasound contrast agents in echocardiography procedures with increasing prevalence of chronic cardiovascular diseases, rising mortality associated to stroke and heart attack, and need for better diagnosis technology.
On the basis of applications, molecular imaging held the largest share in the microbubbles/ultrasound contrast agents market in 2017. This was mainly attributed to rising adoption of microbubbles in various ultrasound based molecular imaging procedures for the accurate diagnosis of various diseases. In addition, increasing need for monitoring of the biomarker status of vascular endothelium, visualizing tumor vasculature, imaging inflammation and ischemia-reperfusion injury zones, and need for targeted therapies further propels the adoption of microbubbles in molecular imaging applications.
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Regional market growth trends
Geographically, this market is segmented into North America, Europe, Asia Pacific, and rest of the World. North America commanded the largest share in the global microbubbles/ultrasound contrast agents market in 2017, followed by Europe and Asia-Pacific. The major share of this region is mainly attributed to the rising aging population, increasing number of chronic diseases, well-established healthcare system with wide spread chain of suppliers & distributors, higher adoption of innovative technologies, rising technological advancements in healthcare, and higher healthcare spending in the region, especially in the U.S. However, Asia pacific region is slated to register the fastest growth during the forecast period, primarily due to rising healthcare spending, improving healthcare infrastructure, rising living standards with increasing income of middle class population, growing healthcare awareness, and growing aging population and subsequently prevalence of chronic diseases in the Asian countries.
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About Meticulous Research™
Meticulous Research™ is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
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Meticulous Research™
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