Contrast Agents Market 2030 By Share, Trend and SWOT Analysis - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Healthcare | Pages : 168 Pages | Published On : Dec 2023
As of 2022, the contrast agents market boasted a valuation of $3.48 billion. Contrast agents are vital tools in radiology, enhancing the clarity of visualizations for a range of medical conditions and pathologies. These agents find utility in conjunction with various imaging modalities such as computed tomography (CT), magnetic resonance imaging (MRI), and ultrasounds.
Contrast Agents Market Dynamics
Contrast agents play a pivotal role in elevating the quality of images produced during CT, MRI, and ultrasound scans, effectively highlighting challenging-to-image anatomical structures like blood vessels. The market for contrast agents is primarily driven by the sales of diagnostic imaging systems like MRI and CT scanners, which have witnessed growth attributable to the aging global population and the increasing prevalence of chronic diseases. The global contrast agents market exhibits stable growth, with particularly robust expansion in emerging economies such as China and India, where healthcare sectors are experiencing significant growth.
Contrast Agents Market Segments
The principal segments within the contrast agents market encompass Computed Tomography (CT) Contrast Agents, Magnetic Resonance Imaging (MRI) Contrast Agents, and Ultrasound Contrast Agents (Microbubbles). In 2022, Computed Tomography (CT) Contrast Agents held the dominant market share. This segment further breaks down into Barium CT Contrast Agents, Ionic Iodinated CT Contrast Agents, and Non-Ionic Iodinated CT Contrast Agents.
Within the CT segment, non-ionic iodinated agents are notably preferred over ionic iodinated agents due to their superior safety profile. While barium agents are typically reserved for gastrointestinal (GI) tract imaging, non-ionic iodinated agents are increasingly employed for a broader range of applications, including GI indications.
Contrast Agents Market Segmentation by Regions
Key regions in the contrast agents market encompass Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2022, North America held the largest share of the contrast agents market and is anticipated to maintain this position throughout the forecast period.
The North American contrast agents market exhibits growth attributed to increased sales of MRI, ultrasound, and CT scanners. Contributing factors to this growth include heightened demand for contrast-enhanced imaging, expanding populations of elderly individuals with chronic and life-related ailments, and advancements in technology. Both the United States and Canada boast sizable aging populations, not only bolstering the existing contrast agents market but also presenting significant growth potential. The United States hosts the largest contrast agents market, followed by Canada and Mexico.
Contrast Agents Market – Competitive Landscape
The key companies in the contrast agents market are Bayer AG, GE Healthcare, Guerbet SA, Bracco Imaging SpA, and Lantheus Holdings Inc, among others. In 2022, Bracco Imaging SpA accounted for the highest contrast agents market share and value.
Segments Covered in this Report.
Contrast Agents Segment Outlook ($ Million, 2015-2033)
- Computed Tomography (CT) Contrast Agents
- Magnetic Resonance Imaging (MRI) Contrast Agents
- Ultrasound Contrast Agents (Microbubbles)
Contrast Agents Regional Outlook ($ Million, 2015-2033)
- Middle East and Africa
- North America
- South and Central America
This Market Model offers invaluable, specialized insights that are not available from any other source. It presents qualitative and quantitative trends specific to the designated market. This model is essential reading for:
- CMO (Chief Marketing Officer) executives who require an in-depth comprehension of the contrast agents market to formulate strategic plans and investment choices.
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Table and Figures
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Covered Key Topics
Market Growth Drivers
Leading Market Players
Company Market Share
Market Size and Growth Rate
Market Trend and Technological