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. 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.
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Global Contrast Media Market – Key Players
- GE Healthcare (US)
- Daiichi (Japan)
- Bayer Healthcare Pharmaceuticals (Germany)
- AMAG Pharmaceuticals (US)
- NanoScan Imaging (US)
- Medrad Inc (US)
- Targeson (US)
- Guerbet (Japan)
- Bracco Diagnostic Inc. (Italy)
- Guerbet Group (France)
- Covidien (Ireland)
- Lantheus Medical Imaging (U.S.)
- Bracco Imaging S.p.A. (Italy)
- Subhra Pharma Private Limited (India)
- nanoPET Pharma GmbH (Germany)
- CMC Contrast AB (Sweden)
- Mallinckrodt Pharmaceuticals (UK)
Global Contrast Media Market – Segmentation
By type, the Market for Contrast Media has been segmented into intravenous contrast materials, iodine-based, and, other.
By procedures, the market has been segmented into X-ray, computed tomography, magnetic resonance imaging, ultrasound, and, other.
By application, the global contrast media has been segmented into X-ray, computed tomography, magnetic resonance imaging, ultrasound, and, other.
Global Contrast Media Market – Regional Analysis
By region, the market has been segmented into North America, Europe, Asia, and, Middle East & Africa. The investments and developments have been multiplying in North America market which when coupled with the presence of established healthcare services providers are the key drivers responsible for catalyzing the expansion of the market. The demand for better healthcare facilities, initiatives taken by government institutions such as FDA (U.S. Food and Drug Administration), escalating prevalence of devices requiring imaging technologies, etc. are also stimulating revenue generation from the region. The rising count of cancer patients has intensified a fear among the population leading to an increase in pre-diagnosis treatments which is expected to escalate the demand in the market throughout the projection period.
Europe market accounts for the second largest share of the global market. The increased expenditure in healthcare, growing awareness about diseases, availability of efficient healthcare services, etc. have led to development in revenue generation from the market. An increase in the incidence of gastrointestinal diseases has also catalyzed the expansion of the market in the region.
Asia Pacific region trails Europe and will be the fastest growing Contrast Media Market during the projection period. The huge population base of Asia is the key market growth driver. Other factors responsible for the growth in this region are developments in the healthcare sector, increased awareness and healthcare spending, large-scale penetration by major market players, etc. The rising demand will infuse growth in Middle East & Africa market.
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