Press release
Contrast Media Market Growth Driven by Healthcare Needs, Technology Advancements, and Emergence of Molecular Imaging
Contrast Media Market
What Is The Projected Market Size Of The Global Contrast Media Market And Its Growth Rate?
The contrast media market has seen steady expansion in recent years:
• The market will grow from $4.68 billion in 2024 to $4.89 billion in 2025, exhibiting a CAGR of 4.3%.
• Factors such as an aging population, expansion of radiology and imaging centers, and rise in minimally invasive procedures have fueled historical period growth.
• The contrast media market is projected to expand to $6.02 billion in 2029 at a CAGR of 5.4%.
• Growth drivers for the forecast period include the emergence of molecular imaging, personalized medicine approaches, and a global burden of cancer.
What Is Driving The Growth In The Contrast Media Market?
The rise in long-term diseases, complex comorbidities, and the increasing use of contrast medium in imaging contribute to the ongoing growth of the contrast media market. The optimal contrast medium produces high concentrations in tissues without any side effects, thus increasing its demand. Data from Oxford Academic revealed that the incidence of 2 or more comorbidities is higher in people with intellectual disabilities (ID) compared to those without ID, driving the requirement for contrast media usage.
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Who Are the Key Players Driving Contrast Media Market Growth?
Key companies in the contrast media market include:
• Bayer AG
• GE Healthcare
• Guerbet Group
• Lantheus Medical Imaging Inc.
• Unijules Life Sciences Ltd.
• J. B Chemicals and Pharmaceutical Ltd.
• Trivitron Healthcare Pvt. Ltd.
What Are The Key Trends In The Contrast Media Market?
Significant trends in the contrast media market include:
• Advancements in imaging technologies
• Focus on patient safety and reduced nephrotoxicity
• Increasing utilization in interventional radiology
• Expansion of applications in oncology imaging
• Introduction of low-osmolality contrast media
• Adoption of microbubbles in ultrasound imaging
What Are The Segments Of The Global Contrast Media Market?
The contrast media market is segmented by:
• Type: Barium-Based Contrast Media, Iodinated Contrast Media, Gadolinium-Based Contrast Media, Microbubble Contrast Media
• Route Of Administration: Intravascular Route, Oral Route, Rectal Route, Other Route Of Administration
• Modality: X-Ray Or CT, MRI, Ultrasound
• Indication: Cardiovascular Disease, Oncology, Gastrointestinal Disorders, Neurological Disorders, Other Indications
• End User: Hospitals, Clinics
Which Region Leads The Contrast Media Market?
North America was the largest region in the contrast media market in 2024, with Asia-Pacific expected to be the fastest-growing region during the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Contrast Media Market Global Market Report?
- Market Size Analysis: Analyze the Contrast Media Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Contrast Media Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Contrast Media Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Contrast Media Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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