Contrast Media/Contrast Agent Market Research Report and Forecast Contrast Media Contrast Agent Market - Global Indu
Contrast Media/Contrast Agent Market - Global
Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024
Contrast medium or contrast agent is a substance used in medical imaging to
enhance the contrast of fluids or structures inside the body. These help in better
imaging of anatomical structures and organs by increasing the image contrast.
Hence, these are helpful in diagnostic methods such as CT scan and in some critical
surgeries. The global contrast media or contrast agent market is a fairly mature,
and is expected to witness strong growth driven by increasing imaging diagnosis
and surgical procedures. The contrast media or contrast agent market has evolved
significantly over the last century. Initially, radiologists and practitioners used
barium and iodine-based agents. Advancement in nanotechnology has enabled
usage of gold nanoparticle along with radiopharmaceuticals.
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Growth of the contrast media or contrast agent market is driven by increasing
demand for image guided diagnostics and procedures, rising mortality of chronic
diseases such as cancer, gastrointestinal disorders, and cardiac diseases, and
growing demand for image guided surgical procedures. Growth of the market can
also be attributed to factors such as increasing approvals for contrast agents and
rising number of private and government diagnostic centers for improving
diagnostic imaging services. Moreover, increasing research studies about
applications of various contrast agents and strong pipeline products of the
companies are projected to create new opportunities in the global contrast media or
agent market.
Advancement in technology and use of advanced techniques such as gas micro
bubble technology in MRI imaging are likely to contribute to the growth of the
market. Global reforms regarding better healthcare and radiopharmaceuticals, and
increasing investments in the contrast media market are fueling market growth.
However, sluggish economies, effecting sales of contrast media in medical reform,
and fluctuating economies of regions like Europe may hamper the growth of the
market.
The contrast media or contrast agent market can be segmented based on product,
procedure, application, route of administration, indication, and region. The market
can be segmented into barium-based contrast media, gadolinium-based contrast
media, and iodinated contrast media. The iodinated contrast media segment