reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.11% during 2023-2028.
Contrast media represents substances that are utilized to improve the contrast of the structures of fluids in the body during the process of medical imaging. They are available in numerous product variants, including iodinated, barium-based, gadolinium-based microbubble, etc. These contrast media materials enhance the visibility of targeted issues and the structure of blood vessels. They even absorb or alter ultrasound or electromagnetism, which emits radiation themselves. Consequently, contrast media products find extensive applications in hospitals and clinics across countries.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Contrast Media Market Trends and Drivers:
The expanding geriatric population and the increasing prevalence of various chronic ailments, such as cancer, cardiovascular diseases, and neurological disorders, are primarily driving the contrast media market. Besides this, the inflating investments in research and development (R&D) projects and the growing merger and acquisition activities among leading market players to innovate new products are further stimulating the market growth. In addition to this, the shifting preferences toward image-directed diagnostics procedures for effective results and the elevating technological advancements in medical imaging are acting as significant growth-inducing factors. Apart from this, the launch of favorable policies by government bodies, especially in developing countries, to enhance the healthcare infrastructure and the escalating number of angioplasty procedures that require iodinated contrast media are also positively influencing the global market. Furthermore, the emerging trend of minimally invasive surgeries (MID) among patients and medical professionals, on account of several advantages, including faster recovery time, lower stress on the immune system, reduced stress on the immune system, shortened hospital stays, etc., and the rising patent expiry of multiple branded products are expected to stimulate the contrast media market over the forecasted period.
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The report has segmented the market on the basis of type, modality, application, route of administration and end user.
Breakup by Type:
Iodinated Contrast Media
Gadolinium-based Contrast Media
Microbubble Contrast Media
Barium-based Contrast Media
Breakup by Modality:
X-ray/Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Breakup by Application:
Breakup by Route of Administration:
Breakup by End User:
Hospital, Clinics and Ambulatory Surgery Centers
Diagnostic Imaging Centers
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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