Global Contrast Media Market to reach USD 5.53 Bn at a CAGR of 3.7 percent by 2030- Says Maximize Market Research
Maximize Market Research, a leading Healthcare business consultancy and research firm has published a report on the “Contrast Media Market ”. The total market opportunity for Contrast Media Market was USD 4.29 Bn in 2023 and is expected to grow at a CAGR of 3.7 percent through the forecast period, reaching USD 5.53 Bn by 2030. As per the report, the global Contrast Media Market is expected to be dominated by the North American and Asia Pacific regions to grow at a significant growth rate through the forecast period.
Global Contrast Media Market Report Scope and Research Methodology
Market Size in 2023: USD 4.29 Billion
Market Size in 2030: USD 5.53 Billion
CAGR: 3.7 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 214
No. of Tables: 139
No. of Charts and Figures: 191
Segment Covered: By Type, Application, and Modality
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.
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Global Contrast Media Market Scope and Research Methodology
The product that is being sold is Contrast Media Market. Market analysis is a bottom-up approach that analyzes the competitive landscape and market structure to ascertain the size and growth of an industry. Notable discoveries include factors that propel growth in both regional and worldwide markets, obstacles to further growth, and possibilities brought about by technological advancements. To learn more about the industry’s leaders, penetration, and demographic effects, regional studies are carried out. Depending on how items and age groups are divided, a better understanding of the market may be helpful to producers, consumers, and the creation of customized marketing efforts. The Contrast Media Market, which consists of both established companies and more recent entrants, has been evaluated for competitiveness using a competitive matrix. The financial status of each firm, recent changes, technical advancements, mergers, partnerships, collaborations, and marketing strategies are all examined in the study.
Contrast Media Market Overview
The contrast media market is growing because of the rise in chronic diseases, demand for image-guided procedures and diagnostics, and numerous approvals for contrast agents. Image-guided procedures help determine the malignancy of cancer, and with the increasing prevalence of chronic diseases globally, early diagnosis is crucial. The demand for diagnostic imaging is at an all-time high, with the volume of imaging services per Medicare beneficiary being the highest among all other physician services. Image-guided surgeries (IGS) are gaining acceptance for diagnosis and treatment of multiple conditions. The need for refinement of imaging during surgeries requires unique methods of data acquisition, processing, display, and understanding of imaging processes. This has resulted in increased demand for image-guided procedures for diagnostics and treatment.
Contrast Media Market Dynamics
Chronic diseases are prevalent, leading to a surge in diagnostic imaging services per Medicare beneficiary. The Medicare Payment Advisory Council (MedPAC) reported the highest increase in imaging services per Medicare beneficiary among all physician services. Image-guided surgery (IGS) is gaining acceptance because of its usefulness in diagnosing and treating various conditions. The growing demand for imaging refinement during surgery requires unique data acquisition, processing, display methods, and a comprehensive understanding of the imaging process. Image-guided procedures address this need, leading to increased demand for diagnosis and treatment, further increasing the market CAGR of contrast media globally.
Contrast Media Market Regional Insights
The North American Contrast Media market is dominated in 2023, is expected to grow rapidly because of strategic initiatives by major manufacturers targeting specific patient subsets. The region’s established healthcare facilities, access to advanced technology, increased demand for diagnostic procedures, and disease management are expected to drive growth. However, healthcare reforms could reduce operations by imposing acceptable use standards to prevent unnecessary treatments.
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Contrast Media Market Segmentation
by Type
- Iodinated
- Barium-based
- Gadolinium-based
- Microbubble
Based on Type, The iodinated contrast media category, which dominated the market in 2023, is primarily used for CT and X-ray treatments because of their nonionic stable properties. These contrast materials enhance CT and X-ray images, improving vision of various organs and tissues. They are commonly used for various conditions like cancer, gastrointestinal, cardiovascular, musculoskeletal, neurological, and nephrological issues.
The microbubble contrast media category is expected to grow rapidly, with microbubble contrast agents being the most commonly used for heart ultrasound imaging. These tiny gas bubbles improve blood echogenicity, enabling better visualization of tissue vascularity, large veins, and heart cavities. The ability of microbubble contrast medium to reflect ultrasonic waves makes structures appear brighter on ultrasonography.
by Application
- Cardiovascular Disorders
- Neurological Disorders
- Gastrointestinal Disorders
- Cancer
- Nephrological Disorders
- Musculoskeletal Disorders
- Others
by Modality
- X-ray/CT
- MRI
- Ultrasound
Based on Modality, The ultrasound market is expected to grow rapidly because of the widespread use of X-rays and CT for various disorders. High-resolution 3D images of structures are produced using X-ray/CT contrast agents, which are barium-based and iodinated contrast fluids. These agents block X-rays, altering images of organs, blood vessels, and tissues. The ultrasound market is expected to develop at the fastest rate during the forecast period, as contrast agents for ultrasound imaging are developed to see tissue microcirculation.
Contrast Media Market Key Competitors include:
- NANOSCAN IMAGING
- Bayer AG
- DAIICHI
- Lantheus Medical Imaging Inc.
- Bracco Diagnostic Inc.
- Taejoon Pharm
- ge healthcare
- Spago Nanomedical AB
- Nano Therapeutics Pvt
- Covis Pharma
- Guerbet Group
- Trivitron Healthcare
- MEDTRON AG
- Sanocemia Pharmazeutika AG
- JB PHARMA
- imax
- Miltenyi Biotec
- beilupharma
- Bio-Techne
- Vitalqualn LLC
- mediray healthcare pvt ltd
- Illumina
- Jiangsu Hengrui Pharmaceuticals
- Pacific Biosciences
- Jodas Expoim Pvt. Ltd.
- inc
Key questions answered in the Contrast Media Market are:
- What is the current growth rate of the Contrast Media Market ?
- Who are the key players in the Contrast Media Market ?
- What are the growth prospects in developing countries for the Contrast Media Market ?
- Which segment is expected to witness the fastest growth and why in the Contrast Media Market ?
- What are the factors affecting growth in the Contrast Media Market ?
- Who held the largest market share in the Contrast Media Market ?
- What are the opportunities for the Contrast Media Market ?
- What are the strategies used by competitors in the Contrast Media Market ?
- What are Global Contrast Media Market Devices?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segments | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Type, Application, Modality, and Region
- Competitive Landscape – Profiles of selected key players by region in 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
Maximize Market Research is leading Life Science research firm, has also published the following reports:
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Life Science Reagents Market –The market size is expected to reach USD 94.27 Bn by 2030 at a CAGR of 9.26 percent during the forecast period. The development of the global life science reagents market is accredited to the increase in the global geriatric population, which is further disposed to different types of infectious diseases.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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