A comprehensive overview of the contrast media market is recently added by UnivDatos Market Insights to its humongous database. The contrast media market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the contrast media market. The contrast media market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Contrast Media market at the global and regional levels. The Global Contrast Media Market is expected to grow at a CAGR of around 4% from 2021-2027.
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With the rapid advancement in medical technology and the rising prevalence of chronic awareness among the population forced medical institutions to develop and introduce better diagnostic facilities. Furthermore, the increasing geriatric population and increasing age-related diseases them is also contributing factor that contributes to the market growth of contrast media. For instance, according to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice what it was in 1980 at 382 million. The number of elderly is expected to double again by 2050 and reach nearly 2.1 billion worldwide. Furthermore, the continuous development in medical visualization techniques is also responsible for the market growth of contrast media.
Global Contrast Media market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product Type, the market is primarily fragmented into
Based on product type, the market is segmented into iodinated, barium-based, gadolinium-based, and microbubble. The iodinated segment held significant market growth in 2020. The iodinated media is used to enhance the image visualization in X-ray and CT scans. Furthermore, due to changing lifestyles, the increasing prevalence of heart diseases which requires proper diagnosis is also a contributing factor to the segmental growth in the contrast media market. Moreover, the microbubble is anticipated to have considerable growth during the forecast period. This is mainly due to the factor that the technique uses the microbubble which is coated by the lipids that can be digested in the liver.
By End-users, the market is primarily segmented into
· Diagnostic Imaging Centers
Based on end-user, the market is segmented into hospitals, diagnostic imaging centers, and others. The diagnostic imaging centers are predicted to have considerable market growth during the forecast period. The specialization of the diagnostic centers in the visualization and diagnosis along with the presence of skilled staff attributed to the significant market share of the diagnostic imaging centers in the contrast media market.
Contrast Media Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and Rest of Asia-Pacific)
· Rest of the World
For a better understanding of the market adoption of the contrast media market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a significant market for the contrast media industry due to the presence of better healthcare and diagnostic infrastructure along with higher healthcare investments.
For instance, the per capita healthcare expenditure of Canada was US$ 5048 in 2019. Furthermore, the presence of well-established market players and frequent product launches in the region is also a contributing factor to the growth of the contrast media market.
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The major players targeting the market include
· GE Healthcare
· Bracco Imaging SPA
· Bayer AG
· Lantheus Medical Imaging, Inc.
· Unijules Life Sciences, J.B.
· Chemicals and Pharmaceuticals Ltd.
· SANOCHEMIA Pharmazeutika GmbH
· Taejoon Pharm
· Judas Expoim
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Contrast Media market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Contrast Media market?
• Which factors are influencing the contrast media market over the forecast period?
• What are the global challenges, threats, and risks in the contrast media market?
• Which factors are propelling and restraining the contrast media market?
• What are the demanding global regions of the contrast media market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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