Contrast Media Market size to represent 6.3% CAGR by 2023. Contrast Media is a substance that magnify the visibility of internal organs during radiography. Medical imaging plays a crucial role in diagnosis of diseases, like cancer diagnosis, GI disorders and cardiovascular complications.
Medical imaging techniques like, magnetic resonance imaging (MRI) and computed tomography (CT), extensively use contrast media for deriving images of internal organs of a body. The increase in the number of both private and public diagnostic centres availing such sophisticated medical imaging techniques is another factor identified to propel the market expansion. Owing to technical advancements, the burgeoning healthcare market is expected to largely influence the contrast media market.
The World Health Organization (WHO) reported that by 2020, three-quarters of global deaths will be caused due to chronic diseases of which 71-75% of deaths will be due to cardiac related problems. Early detection of such ailments can help provide patients with better treatment. The increase in prevalence of chronic disease and cancer patients necessitates better diagnostic techniques provoking elevated use of contrast media. This is expected to bolster the contrast media market in the forecast period.
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Contrast Media Market Key players:
Prominent companies in the contrast media market are
• Targeson (US)
• nanoPET Pharma GmbH (Germany)
• NanoScan Imaging (US)
• Medrad Inc. (US)
• Guerbet Group (France)
• Subhra Pharma Private Limited (India)
• GE Healthcare (US)
• CMC Contrast AB (Sweden)
• AMAG Pharmaceuticals (US)
• Bracco Diagnostic Inc. (Italy)
• Lantheus Medical Imaging (U.S.)
• Covidien (Ireland)
• Mallinckrodt Pharmaceuticals (UK)
• Daiichi (Japan)
• Bayer Healthcare Pharmaceuticals (Germany)
Contrast Media Market Segmental Analysis:
The Global Contrast Media segmented into
• Route of application
Based on the type, the contrast media market is segmented into
• intravenous contrast materials
• iodine-based contrast media agents
Based on the application, the contrast media market is segmented into
• nephrological disorders
• cardiovascular disorders
Based on the route of administration, the market is segmented into injectable, rectal, and oral.
Contrast Media Market Regional Insights:
contrast media market is regionally segmented into Asia Pacific, North America, Europe, and the Rest-of-the-World (RoW).
Rest Of Western Europe
• Republic Of Korea
• Rest Of Asia Pacific
Middle East & Africa
• United Arab Emirates
• Saudi Arabia
• Rest Of Middle East & Africa
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