Market Overview:
The global contrast medium market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of chronic diseases, rising demand for minimally invasive surgeries, and technological advancements in diagnostic imaging procedures. Based on type, the global contrast medium market is segmented into X-ray & CT, MRI, and ultrasound. The X-ray & CT segment is expected to account for the largest share of the global contrast medium market in 2018. This segment is projected to grow at a CAGR of 5.9% from 2018 to 2030 due to increasing use of computed tomography (CT) scans for diagnosis and treatment planning purposes across hospitals and clinics worldwide. Based on application, the global contrast medium market is divided into hospitals and clinics. The hospitals segment accounted for majority share (64%) of the overall application segments in 2017 owing high adoption rates across developed countries such as UASK., Canada., France., Germany., Italy., Spain. In terms value terms,, this segments was valued at US$ 1,.5 Bn by 2017 end an it i projected t reach US$ 2,.1 Bn by 2030 end expanding at a CAGR o 6%. On th other hand,, th clinic segmnts i forecast t witness highest growth rate durg th forecast period wit a CAGR o 7%.
Product Definition:
A contrast medium is a substance used to improve the clarity of an image obtained from medical imaging techniques such as X-rays, CT scans, and MRI scans. Contrast media are typically administered by injection or ingestion. They enhance the visibility of internal organs and tissues on an image by making them appear brighter than surrounding structures. Contrast media can also be used to help distinguish between healthy and diseased tissue.
X-ray & CT:
X-ray and Computed Tomography (CT) are medical imaging technologies that use low energy X-rays or computed images respectively to produce two-dimensional cross sections or three-dimensional volumes of body parts.
MRI:
Magnetic Resonance Imaging (MRI) is an imaging procedure that uses magnetic fields and radio waves to produce images of body tissues. MRI contrast agents are used in the body during the scanning process, which helps in highlighting blood vessels, tumors or organs that are hidden within the body. The most commonly used contrast agent is gadolinium-based MRI contrast media but there are other types as well such as barium-based and oil-water based.
Application Insights:
The hospitals segment dominated the global contrast medium market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to a rise in number of patients suffering from acute respiratory diseases, such as asthma and COPD. As per the Global Asthma Report 2018, published by Global Asthma Network, around 300 million people across the world suffer from asthma. Similarly, according to estimates reported by CDC in 2016, about 54 million adults were diagnosed with COPD while another 86 million had chronic bronchitis. Thus, increasing prevalence of these diseases is likely to drive demand for CT/MRI scanners at hospitals which will subsequently fuel growth during forecast years.
In addition, an increase in spending on medical tourism due to low-cost treatments offered by countries like India and China has resulted in increased utilization of advanced imaging techniques such as MRA (Magnetic Resonance Imaging) for diagnosing various conditions including stroke.
Regional Analysis:
North America dominated the global market in 2017 owing to well-established healthcare infrastructure, rising adoption of advanced diagnostic technologies, and increasing demand for medical tourism. In addition, high per capita income is expected to boost the demand for advanced imaging devices in this region.
Asia Pacific is expected to witness lucrative growth over the forecast period due to improving healthcare infrastructure and growing awareness regarding various types of diagnostic procedures. Moreover, an increase in government initiatives aimed at reducing infant mortality rate (ISMR) will fuel regional growth during the forecast period. The Asia Pacific contrast medium market was valued at USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing primarilyto rising investments by foreign players as well as domestic players looking for opportunities offered by untapped markets with huge potentials waiting for innovative products’ introduction and development programs.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Contrast mediums are an essential part of many minimally invasive procedures, making them a key growth driver for the market.
- Rising prevalence of cancer: According to the World Health Organization (WHO), cancer is one of the leading causes of death worldwide, accounting for 8 million deaths in 2012 alone. The incidence of cancer is rising rapidly due to factors such as aging populations and increasing rates of obesity and smoking. This has led to increased demand for diagnostic tests and treatments that can help detect and treat cancers at an early stage. Contrast media are used in a wide range of diagnostic tests for cancer detection, making them a key growth driver for this market segment
Scope Of The Report
Report Attributes
Report Details
Report Title
Contrast Medium Market Research Report
By Type
X-ray & CT, MRI, Ultrasound
By Application
Hospitals, Clinics
By Companies
GE, Bayer, Bracco Imaging, Guerbet Group, Hengrui Medicine, Lantheus, YRPG, BeiLu Pharma, Philips, Siemens
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Contrast Medium Market Report Segments:
The global Contrast Medium market is segmented on the basis of:
Types
X-ray & CT, MRI, Ultrasound
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Bayer
- Bracco Imaging
- Guerbet Group
- Hengrui Medicine
- Lantheus
- YRPG
- BeiLu Pharma
- Philips
- Siemens
Highlights of The Contrast Medium Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- X-ray & CT
- MRI
- Ultrasound
- By Application:
- Hospitals
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Contrast Medium Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Contrast medium is a type of media that can be used to create a visual contrast between two or more elements. It can be used to create emphasis, add interest, and make information more visible.
Some of the key players operating in the contrast medium market are GE, Bayer, Bracco Imaging, Guerbet Group, Hengrui Medicine, Lantheus, YRPG, BeiLu Pharma, Philips, Siemens.
The contrast medium market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Contrast Medium Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Contrast Medium Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Contrast Medium Market - Supply Chain
4.5. Global Contrast Medium Market Forecast
4.5.1. Contrast Medium Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Contrast Medium Market Size (000 Units) and Y-o-Y Growth
4.5.3. Contrast Medium Market Absolute $ Opportunity
5. Global Contrast Medium Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Contrast Medium Market Size and Volume Forecast by Type
5.3.1. X-ray & CT
5.3.2. MRI
5.3.3. Ultrasound
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Contrast Medium Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Contrast Medium Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Contrast Medium Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Contrast Medium Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Contrast Medium Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Contrast Medium Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Contrast Medium Demand Share Forecast, 2019-2026
9. North America Contrast Medium Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Contrast Medium Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Contrast Medium Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Contrast Medium Market Size and Volume Forecast by Type
9.7.1. X-ray & CT
9.7.2. MRI
9.7.3. Ultrasound
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Contrast Medium Demand Share Forecast, 2019-2026
10. Latin America Contrast Medium Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Contrast Medium Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Contrast Medium Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Contrast Medium Market Size and Volume Forecast by Type
10.7.1. X-ray & CT
10.7.2. MRI
10.7.3. Ultrasound
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Contrast Medium Demand Share Forecast, 2019-2026
11. Europe Contrast Medium Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Contrast Medium Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Contrast Medium Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Contrast Medium Market Size and Volume Forecast by Type
11.7.1. X-ray & CT
11.7.2. MRI
11.7.3. Ultrasound
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Contrast Medium Demand Share, 2019-2026
12. Asia Pacific Contrast Medium Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Contrast Medium Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Contrast Medium Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Contrast Medium Market Size and Volume Forecast by Type
12.7.1. X-ray & CT
12.7.2. MRI
12.7.3. Ultrasound
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Contrast Medium Demand Share, 2019-2026
13. Middle East & Africa Contrast Medium Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Contrast Medium Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Contrast Medium Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Contrast Medium Market Size and Volume Forecast by Type
13.7.1. X-ray & CT
13.7.2. MRI
13.7.3. Ultrasound
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Contrast Medium Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Contrast Medium Market: Market Share Analysis
14.2. Contrast Medium Distributors and Customers
14.3. Contrast Medium Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bayer
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bracco Imaging
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Guerbet Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hengrui Medicine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lantheus
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. YRPG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BeiLu Pharma
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Philips
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Siemens
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
