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Contrast Media Market Analysis 2023: Growth Drivers, Trends And Forecast To 2032 | Bayer AG, GE Healthcare, Guerbet Group, Lantheus Medical Imaging Inc., Unijules Life Sciences Ltd
Contrast Media Market
The Business Research Company's Contrast Media Global Market Report 2023 identifies the increase in prevalence of long-term diseases and complex comorbidities as the major driver for the Contrast Media market's growth in the forecast period. Comorbidity refers to the presence of many diseases in one person at the same time. Contrast medium (CM) is a procedure used in imaging to emphasize the distinctions between human tissues in pictures. The optimal contrast medium produces extremely high concentrations in the tissues while causing no side effects, thus increasing the demand.
The global contrast media market size is expected to grow from $4.35 billion in 2022 to $4.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The contrast media market size is expected to grow to $5.34 billion in 2027 at a CAGR of 4%.
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Major competitors in the Contrast Media market are Bayer AG, GE Healthcare, Guerbet Group, Lantheus Medical Imaging Inc., Unijules Life Sciences Ltd., J. B. Chemicals and Pharmaceuticals Ltd.
A key trend in the Contrast Media market includes Technological advancement. Major companies operating in the contrast media market are focused on developing new technological solutions to strengthen their position. For instance, in June 2022, Bayer, a Germany-based company operating in contrast media launched Calantic™ Digital Solutions, a new platform delivering access to digital applications, including artificial intelligence (AI) enabled programs for medical imaging.
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The Contrast Media market is segmented -
1. By Type: Barium-Based Contrast Media, Iodinated Contrast Media, Gadolinium-Based Contrast Media, Microbubble Contrast Media.
2. By Route of Administration: Intravascular Route, Oral Route, Rectal Route, Other Route of Administration.
3. By Modality: X-Ray or CT, MRI, Ultrasound.
4. By Indication: Cardiovascular Disease, Oncology, Gastrointestinal Disorders, Neurological Disorders, Other Indications.
5. By End User: Hospitals, Clinics.
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Contrast Media market.
The Business Research Company's "Global Contrast Media Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Contrast Media Market Include:
1. Executive Summary
2. Contrast Media Market Characteristics
3. Contrast Media Market Trends And Strategies
4. Contrast Media Market - Macro Economic Scenario
5. Contrast Media Market Size And Growth
……
26. Africa Contrast Media Market
27. Contrast Media Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Contrast Media Market
29. Contrast Media Market Future Outlook and Potential Analysis
30. Appendix
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