Press release
Contrast Media Market Size, Share, Growth, Opportunities, Trends, Analysis and Forecast 2030
Contrast Media Market OverviewThe contrast media market is expected to reach USD 4,050 Million by 2030 at 4.01% CAGR during the forecast period.
The rise in cardiac disease, accidents, and cancer requires medical imaging. This medical imaging is used to examine stages of treatment for the patient. The rise in the usage of medical imaging is driving the demand of the Contrast Media Market.
The major factors such as the increase in chronic diseases, demand for imaging procedures and diagnostics, and the number of approvals for contrast agents. These procedures help to determine whether the cancer is malignant or benign. The rise in prevalence and the number of cancer cases in developing and developed countries of the world is driving the market. The industrial players will focus on the growth driver factors for product development.
The rise in the prevalence of chronic diseases has led to a significant rise in the demand for diagnostic imaging procedures. The demand for imaging procedures leads to R&D activities for launching novel products in the market.
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Key Players
Bayer AG (Germany),
Bracco Diagnostic Inc. (US),
DAIICHI (Japan),
NANOSCAN IMAGING (US),
Jodas Expoim (India),
GE Healthcare (US),
Guerbet Group (France),
Lantheus Medical Imaging Inc. (US),
Taejoon Pharm (Korea),
Magnus Health (US),
Spago Nanomedical AB (Germany).
Segmental Analysis
By Type:
Gadolinium-based contrast media, barium-based contrast media, iodinated contrast media, and microbubble contrast media are the different types of contrast media based on the type segment. Different forms of contrast media play diverse roles in the contrast media business.
By Form:
The Global Market has been divided into tablet, liquid, powder, and paste based on the form segment. The intended audiences choose all of these forms as per the product specifications.
By Procedures:
The contrast media allergy market has been segmented into ultrasound, magnetic resonance imaging (MRI), X-ray or computed tomography (CT), and others depending on procedures.
They talked about significant procedures driving up demand in the global contrast media industry.
By Applications:
The Market has been divided into cancer, gastrointestinal disorders, neurological disorders, cardiovascular disease, and other indications based on application segments. As a result, contrast media manufacturers are seeing additional opportunities as the number of applications grows.
By Route of Administration:
The Market has been divided into three segments based on administration: rectal, injectable, and oral. The injectable route of administration is one of these, and it aims to expand the global Contrast Media Industry.
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Regional Analysis
The Contrast Media Market covers the top-most regions such as the Americas, the Middle East & Africa, Europe, and Asia-Pacific.
The American region is expected to be ruling the market due to the awareness and preferences for treating people dealing with health conditions like spinal injury, brain problems, intestinal diseases, cancer, and other diseases. Moreover, the rising demand for medical imaging is driving the regional market of this region.
The European region will register the second-largest position. This region is propelling due to the higher healthcare expenditure. The presence of medical device companies is driving the economy of the region.
The Asia-Pacific region is observed as the fastest-growing region due to the health conditions like fractures, spinal problems, and health issues, especially in the geriatric population. The higher patient pool is demanding for demands better medical imaging. This factor is enhancing the market growth in the region.
The Middle East and African region will generate lower market shares. However, this region will notice significant growth in the upcoming years due to the presence of hospitals, diagnostic centers, and clinics in the region.
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