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Contrast Media Injectors Global Market Report 2024 Market Report 2024-2032 | Size, Share, Trends, Growth Demand, overview
Contrast Media Injectors Global Market Report
According to The Business Research Company's, The contrast media injectors market size has grown strongly in recent years. It will grow from $1.6 billion in 2023 to $1.72 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased incidence of chronic diseases, increased diagnostic imaging procedures, demand for minimally invasive procedures, expansion of healthcare infrastructure, growing aging population.
The contrast media injectors market size is expected to see strong growth in the next few years. It will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rise in interventional radiology procedures, increasing prevalence of cancer, focus on patient safety and comfort, globalization of healthcare services, regulatory support and compliance. Major trends in the forecast period include automation and connectivity, emergence of dual-head injectors, advancements in injector technology, focus on patient safety, rise in interventional radiology procedures, enhanced imaging techniques and modalities.
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Market Drivers and Trends:
Increasing cancer and cardiovascular disease (CVD) are expected to propel the growth of the contrast media injectors market going forward. Cancer is a condition that occurs when body cells grow out of control and spread to other body regions. Cardiovascular disease refers to a type of disease that affects the heart or blood vessels. Contrast media injectors are applied while diagnostic imaging to enhance image quality and patient safety and improve blood flow and tissue perfusion. For instance, in January 2023, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased from 1,898,160 in 2021 to 1,958,310 in 2023, reflecting a growth of 3.16%. , Furthermore, in April 2023, according to the World Heart Federation, a Switzerland-based non-governmental organization, over 500 million individuals worldwide will remain impacted by cardiovascular diseases. These conditions led to 20.5 million fatalities in 2021, representing nearly one-third of the total global mortality and reflecting a notable rise from the previously estimated 121 million deaths attributed to cardiovascular diseases. Therefore, increasing cancer and cardiovascular disease (CVD) are driving the growth of the contrast media injectors market.
Strategic partnerships are a key trend gaining popularity in contrast media injectors market. Major companies operating in the contrast media injectors market are forming partnerships to develop a new type of relationship in which two or more organizations have similar product developments. For instance, in December 2022, Qaelum NV, a Belgium-based advanced dose and contrast management software solutions company, partnered with Ulrich GmbH & Company KG., a France-based manufacturer and distributor of surgical instruments. With this partnership, the companies aim to combine their advanced contrast management solution with the contrast media injectors of Ulrich Medical to support the needs of hospitals and imaging networks. Furthermore, in December 2021, Bracco Group, an Italy-based healthcare company, announced a partnership with Guerbet, a France-based manufacturer of contrast agents. This partnership aim is to develop Gadopiclenol, a next-generation magnetic resonance imaging (MRI) contrast agent and to strengthen expertise and investigate untapped areas of research in pursuit of an agent that would enable early identification and provide significant health advantages.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
The Bracco Group; Bayer AG; Medtron AG; Ulrich GmbH And Co. KG; General Electric Company; Nemoto Kyorindo Co. Ltd.; Guerbet Group; Sino Medical-Device Technology Co. Ltd; Apollo RT Co.Ltd; Shenzhen Anke High-tech Co. Ltd; Hilin Life Products Inc.; Sanofi S.A; Novartis AG; Vivid Imaging; AngioDynamics. Inc.; Taejoon Pharmaceutical Co. Ltd.; Hong Kong Medi Co Limited; Medrad Inc.; TaeWoong Medical Co. Ltd.; Medtronic Plc; Covidien; ACIST Medical Systems; Boston Scientific Corporation; Mallinckrodt Pharmaceuticals; Lantheus Medical Imaging Inc.; Imaxeon Pty Ltd.; Nano-Ditech Corp.
Contrast Media Injectors Market 2024 Key Insights:
• The contrast media injectors market will grow to $2.32 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• Increasing Cancer And Cardiovascular Disease Incidences Contrast Media Injectors Market Expands Amidst
• Strategic Partnerships Propel Advancements In The Contrast Media Injectors Market
• North America was the largest region in the contrast media injectors market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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