Contrast Media Market Size is Expected to Surpass USD 17.1 Billion by 2037 | Major Industry Players: GE HealthCare, Bracco, Bayer AG, Guerbet

Research Nester's latest report, "Global Contrast Media Market: Supply & Demand Analysis, Growth Forecasts & Statistics Report 2026-2037," delivers a comprehensive overview of market trends, drivers, and segment-level insights. The report categorizes the market by modality, product, application, administration, and end use, while examining the rising adoption of contrast media diagnostic processes. It highlights the growing influence of rising disease prevalence, market supply of contrast agents, demand for contrast media in imaging, promotional regulations, technological innovation, and advancements in contrast media that are reshaping the contrast media landscape worldwide.

According to a recent study by Research Nester, the global contrast media market size is poised to reach USD 17.1 billion by 2037, expanding at a CAGR of 7.9% during the forecast period 2026-2037.

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Rising Investments in Developing Advanced Contrast Agents to Fuel Market Growth

The involvement of organizations in research and development to foster innovation in the production and utilization of contrast media agents pushes the market growth. Organizations are not only researching contrast media on their own, but also initiating strategic collaborations. This is increasing the scope for further innovation in the production and use of contrast media. For instance, in March 2024, Lantheus Holdings, Inc. announced the approval of its newly innovated (sNDA) for DEFINITY (Perflutren Lipid Microsphere) by the U.S. Food and Drug Administration (FDA). The innovation is a new supplemental drug application to be used as an ultrasound agent, and is designed for suboptimal echocardiograms for pediatric patients.

Key Drivers and Challenges Impacting the Additives Market

Growth Drivers:

• Growing number of hospitals and diagnostic centers
• Rising global outbreak of cancer and cardiovascular diseases
• Rising air pollution that influences the occurrence of the growing prevalence of chronic diseases
• Increasing awareness of early diagnoses among the global population

Challenges:

• Restrictions on the use of certain contrast media agents on patients with certain diseases
• Rise in the process of contrast agents

Access our detailed report at: https://www.researchnester.com/reports/contrast-media-market/4917

The ultrasound segment is expected to account for a remarkable market share by the end of 2037, owing to increasing demand in the market. Such a demand is driven by the rising occurrence of unintended pregnancy cases across different countries. As reported by the WHO in March 2022, across Latin America and Sub-Saharan Africa, 41 to 107 per 1000 women, and 49 to 145 per 1000 women, respectively, were found to be pregnant unintentionally. This indicates a rising need for ultrasound to check the development of babies and detect abnormalities during pregnancy.

The Asia Pacific contrast media market is anticipated to expand at a significant CAGR during the forecast period, due to rising cases of pregnancy among adolescents. This increased the need for ultrasounds for diagnostic purposes, fueled the demand for contrast agents. The emergence of certain countries in the region as the hub of medical care also fuels the growth of the contrast media market, increasing the penetration rate of the diagnostic processes.

China is expected to emerge as an expanding contrast media market at a remarkable CAGR during the forecast period, owing to the rapid development of medical technology. The government of China is also constant in taking measures for the advancement of medical technology. As reported by the Mercator Institute for China Studies (MERICS) in November 2023, the government of China increased tax incentives for investment in medical research and development, and assisted financial organizations in allocating financial capital to innovative medical technology companies. The initiative was aimed at supporting the development of in vitro diagnostic, electrodiagnostic, and other procedures, in which the use of contrast media is crucial.

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Key players associated with the contrast media market are operating in a high intensity of competition. The market is fragmented due to the acquisition of the majority of the market share by a few key players. Businesses operating in the industry are growing consistently due to rising demand for contrast media, which is driven by the rising prevalence of chronic diseases. Driving the advancement of contrast media through research and development is a common area of involvement of the key players in the market, leading to rapid market expansion and an increase in global reach. The players in the market are GE HealthCare, Bracco, Bayer AG, Guerbet, Trivitron Healthcare, Lantheus Medical Imaging, Fresenius, AMAG Pharmaceuticals, General Electric, Nano Therapeutics Pvt. Ltd, Daiichi Sankyo Company, Beijing Beilu Pharmaceutical Co., Ltd., iMAX, GRUPO JUSTE, and JB Pharma.

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