Press release
Contrast Media/Contrast Agents Market worth 7.3 billion by 2031 | GE Healthcare (US, Bracco Imaging SPA (Italy), Bayer AG (Germany)
Contrast Media/Contrast Agents Market
Read more about Contrast Media/Contrast Agents Market here: https://www.globalinsightservices.com/reports/contrast-media-contrast-agent-market/
The contrast media/contrast agents market was valued at USD 5.1 billion in 2021 and it is anticipated to grow up to USD 7.3 billion by 2031, at a CAGR of 3.6% during the forecast period.
A contrast agent referred to as a contrast medium, is a substance used to increase the contrast of structures of fluids in the body during medical imaging. Contrast agents improve the visibility of the targeted tissues, structures or blood vessels. Contrast agents alter or absorb external electromagnetism or ultrasound, which further emits radiation themselves.
Market Trends and Drivers:
The growing approval of contrast agents is propelling the growth of the contrast media market. The increasing global prevalence of chronic diseases has resulted in a significant increase in the demand for diagnostic imaging procedures and, in turn, contrast media. The rising demand for imaging procedures has resulted in extensive R&D by contrast media manufacturers to launch novel products in the market and to get the contrast media approved in new indications. For example, in 2021, Bracco received US FDA approval for the 20-vial pack configuration of Lumason, which is an ultrasound contrast agent.
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Market Segments
By Type
Iodinated Contrast Media
Gadolinium Based Contrast Media
Microbubble Contrast Media
Barium Based Contrast Media
By Modality
X-ray/CT
MRI
Ultrasound
By Route of Administration
Intravascular Route
Oral Route
Key Players
GE Healthcare (US)
Bracco Imaging SPA (Italy)
Bayer AG (Germany)
Guerbet (France)
Lantheus Medical Imaging, Inc. (US)
Unijules Life Sciences (India)
J.B. Chemicals and Pharmaceuticals Ltd. (India)
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