Contrast Media Market Projected to Surpass US$ 5.59 Billion by 2027, at CAGR Of 4.40%

The latest research study " Contrast Media Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global contrast media market size reached US$ 4.27 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.59 Billion by 2027, exhibiting a growth rate (CAGR) of 4.40% during 2022-2027.

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Contrast media represents substances that are utilized to improve the contrast of the structures of fluids in the body during the process of medical imaging. They are available in numerous product variants, including iodinated, barium-based, gadolinium-based microbubble, etc. These contrast media materials enhance the visibility of targeted issues and the structure of blood vessels. They even absorb or alter ultrasound or electromagnetism, which emits radiation themselves. Consequently, contrast media products find extensive applications in hospitals and clinics across countries.

Contrast Media Market Trends and Drivers:

The expanding geriatric population and the increasing prevalence of various chronic ailments, such as cancer, cardiovascular diseases, and neurological disorders, are primarily driving the contrast media market. Besides this, the inflating investments in research and development (R&D) projects and the growing merger and acquisition activities among leading market players to innovate new products are further stimulating the market growth. In addition to this, the shifting preferences toward image-directed diagnostics procedures for effective results and the elevating technological advancements in medical imaging are acting as significant growth-inducing factors. Apart from this, the launch of favorable policies by government bodies, especially in developing countries, to enhance the healthcare infrastructure and the escalating number of angioplasty procedures that require iodinated contrast media are also positively influencing the global market. Furthermore, the emerging trend of minimally invasive surgeries (MID) among patients and medical professionals, on account of several advantages, including faster recovery time, lower stress on the immune system, reduced stress on the immune system, shortened hospital stays, etc., and the rising patent expiry of multiple branded products are expected to stimulate the contrast media market over the forecasted period.

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Market 2022-2027 Analysis and Segmentation:

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. and 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

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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