Press release
Contrast Media Agents Market to Grow with 4.0% CAGR During 2019 – 2027 | General Electric, Bayer, Bracco, Guerbet, Lanthus Medical Imaging, nanoPET Pharma, and Unijules Life Sciences
Contrast Media Agents Market to 2027
The market for contrast media agents is expected to grow significantly due to factors such as increasing prevalence of chronic diseases, development of diagnostic imaging modalities, rising number of diagnostic tests performed, and increasing number of approvals for contrast agents are expected to accentuate the growth of the market.
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The major players operating in the contrast media agents market include, General Electric, Bayer AG, Bracco, Guerbet, Lanthus Medical Imaging Inc., nanoPET Pharma GmbH, Unijules Life Sciences Ltd., Magnus Health Management Pvt. Ltd, j. B Chemicals and Pharmaceutical Ltd and Jodas Expoim. The market has carried out various organic growth strategies in the market which has assisted in strengthening their product offering in the market.
Intravascular segment is expected to grow the market for contrast media agents over the forecast period by route of administration segment.
Global contrast media agents market was segmented by type, imaging modality, indication and route of administration. The type segment was classified as iodinated contrast media, gadolinium based contrast media, barium-based contrast media, microbubble contrast media. Based on the imaging modality the market is classified as X-Ray/CT, magnetic resonance imaging and ultrasound. On the basis of indication the market is classified as cardiovascular disorders, cancer, gastrointestinal disorders, musculoskeletal disorders, neurological disorders, nephrological disorders. And based on the route of administration the market is divided into intravascular, oral and rectal.
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Strategic Insights
Organic and inorganic growth strategies were observed in global contrast media agents industry. For instance, in April, 2019, Lantheus Medical Imaging, Inc. entered into a strategic collaboration with Cerevast Medical, Inc. identify new applications for its microbubble franchise and expand into new disease areas, such as ocular diseases. Thus, the inorganic strategy has enabled the company to grow its business in the market.
Contrast Media Agents – MARKET SEGMENTATION
By Type
Iodinated Contrast Media
Gadolinium Based Contrast Media
Barium Based Contrast Media
Microbubble Contrast Media
By Imaging Modality
X-Ray/CT
Magnetic Resonance Imaging
Ultrasound
By Indication
Cardiovascular Disorders
Cancer
Gastrointestinal Disorders
Musculoskeletal Disorders
Neurological Disorders
Nephrological Disorders
By Route of Administration
Intravascular
Oral
Rectal
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