Worldwide Contrast Media Market – Competitive Landscape :
The market of Contrast Media appears to be fiercely competitive & fragmented owing to the presence of numerous matured & small key players accounting for a substantial market share. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. They invest heavily in the R&D to develop a technology that is completely on a different level compared to their competition.
Global Contrast Media Market – Snapshot:
Contrast Media is a substance which is used to enhance the contrast of fluids in the body during medical imaging. It is basically used to enhance the visibility of blood vessels and GI tract. Over the past few years, Contrast Media has evolved greatly, making phenomenal headways in terms of products and their approvals. Which have subsequently helped its market to address the augmented demand meeting the expectations of patients and radiologists simultaneously garnering exponential traction all over the world.
Acknowledging the exponential growth the market of Contrast Media is perceiving currently and the growth prospects the market is demonstrating globally; Market Research Future (MRFR) recently published a brilliant study report giving out the complete market insights up till 2023. In its report MRFR asserts that the global Contrast Media market is projected to grow exponentially by 2023, registering 6.3% CAGR throughout the forecast period (2017 – 2023).
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Burgeoning healthcare sector coupled with the advancements in medical imaging technology and techniques are some of the key factors propelling the market growth. These advancements have introduced improved utilization of most of the existing Contrast Media agents while presenting the innovative agents. In addition factors such as rising prevalence of various diseases like GIT, Cancer, Cardiac diseases, coupled with the growing number of cancer population. Moreover, increase in the number of public as well as private diagnostic centers to improve diagnostic imaging services along with the approvals for contrast agents are fostering the demand of various diagnostic imaging modalities.
On the other hand, risk of side / adverse effects of the contrast media might present some challenges to the market growth. Nevertheless advantages offered by the technological innovations are expected to provide impetus to the Contrast Media Market growth. Similarly, robust range of products brought about by the market players by increasing research activities working towards the applications of various contrast agents, are paving the ways for the market growth potential.
Syringe less contrast media injectors are the latest trend of the market owing to their efficacy in minimizing the wastage of media coupled with the and software advancements that bring ease in the use of the devices.
Due to the increased use of off-pump CABG procedures, the risk of AKI with CABG versus PCI is decreasing. This defines the increased use of off-pump CABG procedures, which might be safer for the kidneys.
Industry, Innovation & Related News:
February 06, 2018 – ACR (The American College of Radiology) introduced a ‘contrast reaction card that the college has developed. This card helps the management of acute reactions to contrast material. Being provided as an additional tool to the ACR Manual, the card includes information about serious & common reactions of contrast.
November 25, 2017 – Guerbet (France) launched Contrast & Care, a contrast media injection management solution for radiology centers. The launch of the solution is part of the strategy of Guerbet to develop a portfolio of digital solutions to optimize the care and management of patients by healthcare professionals.
Worldwide Contrast Media Market – Segments:
For an easy grasp and enhanced understanding; the report – Global Contrast Media Market is segmented in to 5 Key dynamics
By Type: Comprises Iodine-based, Intravenous Contrast Materials and etc.
By Procedure: Computed Tomography, X-ray, Ultrasound, and Magnetic Resonance Imaging among others.
By Application: Comprising Oncology, Cardiovascular Disorders, and Nephrological Disorders among others.
By Route of Administration: Oral, Injectable & Rectal
By Region: Europe, North America, APAC and Rest of the World.
Worldwide Contrast Media Market – Geographical Analysis
North America market dominates the global Contrast Media market with the significant market share. Factors that drive the regional growth include; increasing prevalence of GI disease and advancements in medical science.
Europe & Asia Pacific is the second & third largest market respectively in the global market for the Contrast Media. APAC market is driven by the rising population coupled with the growing awareness towards the benefits of contrast Media.
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Major Table of Content Contrast Media Market Research Report- Global Forecast to 2023:
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
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