Sandy, Utah, USA, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “MRI Contrast Agents Market Size, Trends and Insights By Modality (X-ray, CT scan, Ultrasound, MRI scan), By Product Type (Barium based, Iodinated, Micro-bubble, Gadolinium based), By Application (Neurological disorder, Cardiovascular disorder, Cancer, Gastrointestinal disorder, Musculoskeletal disorder, Nephrological disorder, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand for global MRI Contrast Agents Market size & share was valued at approximately USD 2.2 Billion in 2021 and is expected to reach a value of around USD 4.54 Billion by 2030, at a compound annual growth rate (CAGR) of about 6.2% during the forecast period 2022 to 2030.”
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The rapidly increasing demand for advanced healthcare facilities among the people has boosted the market for contrast agents to a great extent which is expected to grow further about the significant number of patients suffering from chronic diseases all over the world, which mainly include people belonging to the geriatric population. Using a suitable contrast media makes it possible for the technician to have a better view of the pathological changes that have occurred inside the individual’s body.
The introduction of various advanced imaging techniques in the current healthcare system has boosted the demand and supply of progressive contrast media that helped to provide accurate results. In addition, digital solutions introduced into the market help to administer suitable contrast media, and it has emerged as a significant growth factor for the contrast agents’ market.
(A free sample of the MRI Contrast Agents report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the MRI Contrast Agents report has been modified to include the COVID-19 impact study prior to delivery.)
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Market Dynamics
Drivers
The increasing acceptance of modern technology in the healthcare system expressed by the people has emerged as a significant driving force for the growth of the contrast media market, which is expected to continue similarly in the future. In addition, the massive demand for various imaging procedures that help diagnose and hence assist the physician in selecting a suitable line of treatment for the patient has emerged as a significant driving force for the market.
The extensive research and development programs carried out by the key market players to introduce modern technologies and imaging methods into the market have helped the contrast media market record considerable growth over the period.
Key questions answered in this report:
- What is the size of the MRI Contrast Agents market and what is its expected growth rate?
- What are the primary driving factors that push the MRI Contrast Agents market forward?
- What are the MRI Contrast Agents Industry's top companies?
- What are the different categories that the MRI Contrast Agents Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the MRI Contrast Agents market sample report and company profiles?
Click Here to Access a Free Sample Report of the Global MRI Contrast Agents Market @ https://www.custommarketinsights.com/report/mri-contrast-agents-market/
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Restraints
Constant radiation exposure proves to be harmful to the health of individuals, which shows its side effects during the later stages of life. The various allergic reactions to contrast media have greatly hindered the market’s growth. Increasing awareness among the people regarding the different side effects that chemically based contrast agents cause has emerged as a significant obstruction to market growth. These side effects make it unsafe for patients to opt for such advanced procedures.
Opportunities
Increasing competition among the key market players, along with the generic lane of contrast media, has emerged as a significant opportunity for the market’s growth. Furthermore, the lucrative offers provided by the reimbursement facilities and insurance companies have helped the contrast media market to record considerable revenue over the period. In addition, the rapidly increasing developments in developing nations regarding the healthcare sector have boosted the use of advanced contrast media for imaging techniques.
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Challenges
The lack of skilled professionals in the healthcare sector has emerged as a significant challenge for the growth of the contrast media market. A skilled workforce is required to manage the quantity and concentration of contrast media, which directly affects the individual’s health and emerges as a significant challenge for the market’s growth. In addition, the high cost associated with using advanced contrast media has emerged as another challenge to the market’s growth. These multiple reasons have emerged as significant challenges to developing the contrast media market.
Report Highlights
Based on modality, the segment of X-ray and CT scans has emerged as the most significant global market for the increased number of cases that require these imaging procedures and techniques for arriving at a proper diagnosis.
The use of iodine and barium contrast agents has been observed for such procedures, which provide better visualization of the pathological changes that have taken place in the body. Based on product type, the iodinated contrast media segment has emerged as the most significant global segment of increased demand for this media among imaging procedures. Based on application, the part of neurological disorder has emerged as the largest segment of the vast number of cases suffering from neurological diseases.
The cardiovascular disorders segment has also emerged as one of the leading segments of the many cases that have arisen worldwide in recent years. Based on geography, the region of North America has emerged as the top market player.
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Regional Snapshots
The geographical region of North America has emerged as the largest market for contrast agents for MRI Contrast Agents market to the vast number of operative procedures that are carried out in this region that require imaging techniques for confirming the diagnosis of the patient and observing the various pathological changes that have taken place that need to be treated during the operative procedure. In addition, the increasing number of orthopedic surgeries worldwide has also helped boost the market for contrast agents, which is supported by the growing number of road traffic accidents resulting from rapid modernization.
The increasing number of chronic diseases among the people belonging to this region has also boosted the requirement for advanced imaging techniques that make use of better contrast agents that provide better visualization to the technician to arrive at a proper diagnosis for the patient, which assists the physician to select an appropriate line of treatment for the patient. Asia Pacific has also emerged as a massive market for contrast agents for MRI about the increasing number of operative procedures in this region and the various advanced healthcare facilities that people demand after the pandemic.
The active support of the government for enhancing the facilities provided by the healthcare sector has also boosted the market for contrast agents to a great extent.
Click Here to Access a Free Sample Report of the Global MRI Contrast Agents Market @ https://www.custommarketinsights.com/report/mri-contrast-agents-market/
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 2.2 billion |
| Projected Market Size in 2030 | USD 4.54 billion |
| CAGR Growth Rate | 6.2 % CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | GE Healthcare, Bracco Imaging SPA, Bayer AG, Guerbet, Lantheus Medical Imaging, Unijules Life Sciences, J.B. Chemicals and Pharmaceuticals Ltd., SANOCHEMIA Pharmazeutika GmbH, Taejoon Pharm, Jodas Expoim, Nano Therapeutics Pvt. Ltd., Kiran X-ray, iMax Diagnostic Imaging Limited, YZJ Group, Livealth Biopharma Pvt. Ltd., Trivitron Healthcare Pvt. Ltd., Novalek Pharmaceuticals Pvt. Ltd., Unispire Biopharma Private Limited, Acro Lifesciences (I) Pvt. Ltd., Congruent Pharmachem Private Limited, Stanex Drugs & Chemical Pvt. Ltd., Beijing Beilu Pharmaceutical Co. Ltd., Rege Imaging & Cine Films Private Limited, K DIAM EXIM, Subhra Pharma Pvt. Ltd. , and Others |
| Key Segment | By Modality, Product Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players
- GE Healthcare
- Bracco Imaging SPA
- Bayer AG
- Guerbet
- Lantheus Medical Imaging
- Unijules Life Sciences
- B. Chemicals and Pharmaceuticals Ltd.
- SANOCHEMIA Pharmazeutika GmbH
- Taejoon Pharm
- Jodas Expoim
- Nano Therapeutics Pvt. Ltd.
- Kiran X-ray
- iMax Diagnostic Imaging Limited
- YZJ Group
- Livealth Biopharma Pvt. Ltd.
- Trivitron Healthcare Pvt. Ltd.
- Novalek Pharmaceuticals Pvt. Ltd.
- Unispire Biopharma Private Limited
- Acro Lifesciences (I) Pvt. Ltd.
- Congruent Pharmachem Private Limited
- Stanex Drugs & Chemical Pvt. Ltd.
- Beijing Beilu Pharmaceutical Co., Ltd.
- Rege Imaging & Cine Films Private Limited
- K DIAM EXIM
- Subhra Pharma Pvt. Ltd.
Recent developments
- In 2019 – Bayer AG was given permission by Gadavist, for a gadolinium-based contrast agent. It is put into use for cardiac MRI in order to diagnose CAD.
- In 2019 – a merger took place between InterSystems Corporation and Guerbet in order to expand Guerbet’s solutions.
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Segments covered in the report
By Modality
- X-ray
- CT scan
- Ultrasound
- MRI scan
By Product Type
- Barium based
- Iodinated
- Micro-bubble
- Gadolinium based
By Application
- Neurological disorder
- Cardiovascular disorder
- Cancer
- Gastrointestinal disorder
- Musculoskeletal disorder
- Nephrological disorder
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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Key Insights from Primary Research/Key Insights & Findings from the report:
- As per the analysis shared by our primary respondents, the MRI Contrast Agents market is expected to grow annually at a CAGR of around 10.5 %.
- Through primary research, it was established that the MRI Contrast Agents market was valued at around USD 1.5 Billion in 2021.
- Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
- The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
- “North America” region will lead the global MRI Contrast Agents market during the forecast period 2022 to 2030.
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This MRI Contrast Agents Market Research/Analysis Report Contains Answers to the following Questions.
- Which Manufacturing Technology is used for MRI Contrast Agents? What Developments Are Going on in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This MRI Contrast Agents Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was the Global Market Status of the MRI Contrast Agents Market? What Was the Capacity, Production Value, Cost and PROFIT of the MRI Contrast Agents Market?
- What Is the Current Market Status of the MRI Contrast Agents Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of MRI Contrast Agents Market by Taking Applications and Types in Consideration?
- What Are Projections of the Global MRI Contrast Agents Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is MRI Contrast Agents Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact on MRI Contrast Agents Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Is the Market Dynamics of the MRI Contrast Agents Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for MRI Contrast Agents Industry?
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Reasons to Purchase MRI Contrast Agents Market Report
- MRI Contrast Agents Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- MRI Contrast Agents Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- MRI Contrast Agents Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- MRI Contrast Agents Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Click Here to Access a Free Sample Report of the Global MRI Contrast Agents Market @ https://www.custommarketinsights.com/report/mri-contrast-agents-market/
Reasons for the Research Report
- The study provides a thorough overview of the global MRI Contrast Agents market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide MRI Contrast Agents market analysis.
- The competitive environment of current and potential participants in the MRI Contrast Agents market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide MRI Contrast Agents market should find this report useful. The research will be useful to all market participants in the MRI Contrast Agents industry.
- Managers in the MRI Contrast Agents sector are interested in publishing up-to-date and projected data about the worldwide MRI Contrast Agents market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in MRI Contrast Agents products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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