As per this study, the Global Contrast Media Agents Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Contrast media agents are basically chemical compounds used to enhance the visibility of internal bodily structures or fluids during medical imaging. Chemical compounds such as iodinated, barium-based, and gadolinium-based are most commonly used as contrast agents. Contrast agents are widely used in medical applications such as in cardiovascular disorders while diagnosing with X-rays, these agents improve the radiodensity in a target tissue. Also, in musculoskeletal disorders, while diagnosed with MRI, contrast agents decrease or increase the relaxation times of nuclei within the body tissue in order to enhance the visibility of the tissue.
The rising prevalence of cardiovascular and musculoskeletal disorder coupled with an increasing geriatric population is propelling the market growth of contrast media agents. Additionally, ongoing technological advancements in diagnostic imaging coupled with utilization of contrast agents are further pushing the market demand. On the flip side, adverse effects of contrast agents such as skin redness, nausea, vomiting, and others hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of contrast media agents.
The broad contrast media agents market has been sub-grouped into type, modality and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Cardiovascular disorders
- Neurological disorders
- Gastrointestinal disorders
- Nephrological disorders
- Musculoskeletal disorders
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for contrast media agents in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Contrast Media Agents Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the contrast media agents market include Bayer AG, Bracco Diagnostics, Inc., General Electric Company, Guerbet, Lantheus Medical Imaging, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.