Press release
Contrast Media Market to reach USD 5. 34Bn by 2029, emerging at a CAGR of 3.7 percent and forecast 2023-2029
Contrast Media Market
The Global Contrast Media Market, valued at US$ 4.14 Bn in 2022, is projected to witness a steady growth at a CAGR of 3.7% throughout the forecast period.
The report provides a comprehensive analysis of the Contrast Media Market, covering key aspects such as market size, trends, drivers, restraints, opportunities, recent developments, and regional insights. The research is based on real numbers and outputs of key players globally, with a focus on the years 2023 to 2029. The impact of the exceptional year 2020, influenced by the global lockdown, is considered.
The report employs a robust methodology, incorporating past trends and key player data to forecast market dynamics through 2029. The research also considers the impact of regional lockdowns and exceptions, providing a holistic view of the market landscape.
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Contrast Media Market Dynamics:
The rise in diagnostic imaging procedures and the increasing prevalence of chronic diseases drive the demand for contrast media. Approval of innovative contrast agents, like Claris can for macrocyclic MRI, further promotes market growth. The growing use of medical imaging and substantial R&D efforts by contrast media makers contribute to increased market demand.
Despite the safe use of contrast agents, adverse effects and allergic reactions pose challenges to market growth. From mild to severe reactions, factors like diarrhea, stomach cramps, nausea, and vomiting may occur, impacting the market. The shortage of professionals and radiologists, along with the high cost of cutting-edge ultrasound technology, hinders market growth.
Contrast Media Market Regional Insights:
In 2022, the North American region asserted its market dominance with a commanding 44% share. Anticipated to experience accelerated growth, this region is poised for advancement owing to strategic initiatives implemented by key manufacturers targeting specific patient subsets. The prevalence of established healthcare facilities, easy accessibility to cutting-edge technology, and an increased demand for diagnostic procedures, driven by disease screening programs and disease management, are expected to contribute to a rise in inpatient examinations.
However, it is noteworthy that healthcare reforms imposing standards for acceptable use may potentially lead to a reduction in the number of operations, aiming to curb unnecessary treatments.
Meanwhile, the Asia Pacific region is forecasted to witness significant growth at a CAGR of 4% throughout the forecast period. This growth can be attributed to the presence of both local and international manufacturers in the region. Notably, General Electric Pharmaceuticals (Shanghai) Co., Ltd., a division of GE Healthcare, stands as one of the largest contrast media production facilities in the Asia Pacific, specifically in China. This establishment is expected to play a pivotal role in fueling the ongoing growth of the regional market.
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Contrast Media Market Segmentation:
by Type
Iodinated
Barium-based
Gadolinium-based
Microbubble
by Application
Cardiovascular Disorders
Neurological Disorders
Gastrointestinal Disorders
Cancer
Nephrological Disorders
Musculoskeletal Disorders
Others
by Modality
X-ray/CT
MRI
Ultrasound
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Contrast Media Market Key Players:
1. Bayer AG
2. Bracco Diagnostic Inc.
3. DAIICHI
4. NANOSCAN IMAGING
5. Lantheus Medical Imaging Inc.
6. Taejoon Pharm
7. Magnus Health
8. Spago Nanomedical AB
9. Judasas Expo
10. GE Healthcare
11. Guerbet Group
12. General Electric Company
13. Bracco Diagnostic, Inc.
14. Nano Therapeutics Pvt.
15. iMax
16. Trivitron Healthcare
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Table of content for the Contrast Media Market includes:
1. Global Contrast Media Market: Research Methodology
2. Global Contrast Media Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Contrast Media Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
Contact Maximize Market Research:
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