Global Contrast Media Market

Global Contrast Media Market Size, Share, Growth Analysis, By Modality(X-ray/CT, MRI and Ultrasound), By Product type(iodinated, barium-based), By Application(Cardiovascular Disorders, Neurological Disorders) - Industry Forecast 2024-2031


Report ID: SQMIG35B2070 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 91 | Figures: 75

Global Contrast Media Market Dynamics

Contrast Media Market Drivers

Rise in Chronic Illness to Bring Lucrative Opportunities during Forecast Period

  • The demand for diagnostic imaging treatments and, consequently, contrast media has significantly increased as a result of the growing incidence of chronic illnesses throughout the world. In order to provide new goods to the market and get the contrast media authorized for new indications, contrast media makers have been doing substantial R&D as a consequence of the rising demand for imaging operations. For instance, the 20-vial pack design of the ultrasound contrast agent Lumason was approved by the US FDA in 2021 for use by Bracco.

Contrast Media Market Restraints

Allergic Reaction caused by Contrast Media to Hinder its Market Growth

  • Contrast agents can be used safely in a variety of diagnostic techniques, including MRI and CT scans. However, some of the adverse effects and allergic responses linked to their usage might somewhat restrain market expansion. Their negative reactions might range from moderate to severe; nevertheless, severe reactions and major allergic reactions to contrast agents are quite infrequent.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Contrast Media Market size was valued at USD 2.98 billion in 2019 and is poised to grow from USD 3.1 billion in 2023 to USD 4.2 billion by 2031, growing at a CAGR of 4.01% in the forecast period (2024-2031).

To increase their market share in the market, major firms are implementing tactics including collaborations, acquisitions, and mergers. They are also introducing new goods. ' GE Healthcare ', ' Bayer AG ', ' Bracco Imaging S.p.A. ', ' Lantheus Medical Imaging ', ' Daiichi Sankyo Company, Limited ', ' Guerbet LLC ', ' Nanopet Pharma GmbH ', ' Unijules Life Sciences Ltd. ', ' Taejoon Pharm Co., Ltd. ', ' J.B. Chemicals & Pharmaceuticals Ltd. ', ' Jiangsu Hengrui Medicine Co., Ltd. ', ' Nordion Inc. ', ' Subhra Pharma Private Limited ', ' Unison Pharmaceuticals Pvt. Ltd. ', ' Zydus Cadila Healthcare Ltd. ', ' Jodas Expoim ', ' Nano Therapeutics Pvt Ltd ', ' Sino Radiopharmaceuticals Co., Ltd. ', ' MALLINCKRODT PHARMACEUTICALS '

The demand for diagnostic imaging treatments and, consequently, contrast media has significantly increased as a result of the growing incidence of chronic illnesses throughout the world. In order to provide new goods to the market and get the contrast media authorized for new indications, contrast media makers have been doing substantial R&D as a consequence of the rising demand for imaging operations. For instance, the 20-vial pack design of the ultrasound contrast agent Lumason was approved by the US FDA in 2021 for use by Bracco.

A kind of intravenous radiocontrast (radiographic dye) called iodinated contrast medium makes vascular systems and organs more visible during radiographic operations. The iodinated contrast has aided in the identification of disorders like cancer by improving visibility. The 2, 4, and 6 tri-iodinated benzene rings were chemically modified to create the iodinated contrast media that are currently in use.

North America held the largest share of the global contrast media market in 2021. It was roughly 44.44%. This is expected to change as a result of numerous strategic initiatives done by important manufacturers to target certain patient subgroups in this area. GE Healthcare, Guerbet, Lantheus, and Bracco Diagnostics are some of the major market participants.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Contrast Media Market

Product ID: SQMIG35B2070

$5,300
BUY NOW GET FREE SAMPLE