Global Contrast
Media/Contrast Agents Market
was valued at USD 4.25 Billion in 2016 and is expected to register a CAGR of
3.8% in the forecast period. The market is driven by factors such as rise in
number of testing centers coupled with rise in number of government approvals
for contrast agents. Increasing cases of cancer and rise in R&D activities
add to the market growth in the forecast period. However, side effects and
adverse reactions on health by use of Contrast Media/Contrast Agents are
expected to restrict the market growth during the forecast period.
Contrast
agents are a crucial part of radiology and massive improvements have made them
efficient, safer, and fast. On the other hand, associated risks led by Contrast
Media/Contrast Agents remain prevalent and emit adverse reactions in various
ways. Hence, the use of Contrast Media/Contrast Agents is subject to safe use
acknowledging the potential side effects. Using contrast agents in a way such
that it maximizes the patient’s safety is a great deal of concern. Therefore,
the use of contrast agents must be determined on a particular basis depending
to the clinical condition of the patient.
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Clinically
the intravascular iodinated contrast agents are built upon tri-iodinated
benzene ring with existence in three primary forms. The forms include
high-osmolar contrast media are the oldest agents and relatively expensive with
a limited utility. Monomers that dissolve in water but never dissociate and are
referred to as low-osmolar contrast media (LOCM) and a class of agents
comprising a molecular with two benzene rings are referred to as iso-osmolar
contrast media (IOCM).
Contrast
Media market is segmented based on agent type, modality, application, and
region. Type category for the market includes barium-based, gadolinium-based,
microbubble and iodinated. Modality category is segmented into CT, MRI,
ultrasound and X-Ray.
Geographical
segmentation for Contrast Agents market spans North America, Latin America,
Europe, Asia-Pacific, Middle East and Africa. North American market is expected
to dominate the market in the forecast period due to government initiatives
taken by key players coupled with presence of well-built healthcare
infrastructure and availability of advanced technologies. In addition, constant
demand for diagnostic procedures contribute to the market growth in the
forecast period.
Rising
investments coupled with active R&D activities is likely to propel the
APAC’s market growth in the near future along with rise in cancer incidences,
growth in investment in emerging economies adds to the market growth in APAC
market sector. The key players in the Contrast Media market include Bayer AG,
GE Healthcare, Guerbet, Lantheus Medical Imaging, and Bracco Diagnostics.
The market report addresses
the following queries related to the Contrast Media/Contrast Agents Market:
·
What
is the estimated value of the Contrast
Media/Contrast Agents Market in 2019?
·
Which
region is expected to present a range of opportunities to market players in the
Contrast Media/Contrast Agents
Market?
·
Which
recent market trends are likely to accelerate the growth of the Contrast Media/Contrast Agents Market
in the upcoming years?
·
Which
end-use industry is expected to hold the maximum market share in the Contrast Media/Contrast Agents Market?
·
What
are the recent mergers and acquisitions that have taken place in the Contrast Media/Contrast Agents Market?
Regional Analysis For
Contrast Media/Contrast Agents Market:
For
comprehensive understanding of market dynamics, the global Contrast
Media/Contrast Agents Market is analyzed across key geographies namely: North
America, Europe, Asia-Pacific, Latin America and Africa. Each of these regions
is analyzed on basis of market findings across major countries in these regions
for a macro-level understanding of the market.
Significant Features that are
under Offering and Key Highlights of the Reports:
Detailed
overview of Contrast Media/Contrast
Agents Market
Changing
market dynamics of the Contrast
Media/Contrast Agents industry
In-depth
market segmentation by Type, Application etc
Historical,
current and projected market size in terms of volume and value
Recent
Contrast Media/Contrast Agents
industry trends and developments
Competitive
landscape of Contrast Media/Contrast Agents Market
Strategies
of key players and product offerings
Potential
and niche segments/regions exhibiting promising growth.
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