Contrast Media Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Global contrast media market is anticipated to grow at a considerable CAGR of 6.5% during the forecast period (2024-2031). The growing demand for contrast media in the diagnosis of several diseases is a key factor driving the global market. The ongoing R&D programs and FDA approvals to identify the potential new applications of contrast media are further aiding the global market growth. For instance, in June 2023, Bayer initiated the Phase III clinical development program called QUANTI, aiming to evaluate the safety and efficacy of gadoquatrane, an investigational extracellular macrocyclic gadolinium-based contrast agent (GBCA) for use in magnetic resonance imaging (MRI). Gadoquatrane is a highly stable MRI contrast agent featuring high relativity being studied to evaluate the potential of a substantially lower gadolinium (Gd) dose for patients.

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Further, in March 2023, GE HealthCare announced the completion of Phase I subject recruitment in its early clinical development program for a first-of-its-kind manganese-based macrocyclic magnetic resonance imaging (MRI) contrast agent. This manganese-based agent could broaden GE HealthCare's portfolio of MRI contrast agents available to radiologists, providing a potential alternative in light of perceived concerns relating to gadolinium retention. The macrocyclic, extra-cellular - or general-purpose - manganese-based contrast agent has comparable relativity - the ability of a contrast agent to enhance signal intensity during an MRI scan - and is expected to be diagnostically similar to current gadolinium-based contrast agents (GBCAs).

Global Contrast Media Market Report Segment

By Type

• Iodinated Contrast Media
• Gadolinium-based Contrast Media
• Microbubble Contrast Media
• Barium-based Contrast Media

By Procedure

• X-Ray/ Computed Tomography
• Magnetic Resonance Imaging (MRI)
• Ultrasound

By Indication

• Cardiovascular Diseases
• Oncology
• Gastrointestinal Disorders
• Neurological Disorders

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Contrast Media Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• B. Braun Melsungen AG
• Beijing Beilu Pharmaceutical Co. Ltd.
• Borregaard
• CONGRUENT PHARMACHEM PVT LTD
• CR Double-Crane Pharmaceuticals Co., Ltd
• DAIICHI SANKYO COMPANY, LTD.
• Eisai Co., Ltd
• FUJIFILM Corp.
• HANA PHARM CO., LTD.
• iMAX Diagnostic Imaging Limited

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