Contrast Media Market Segments, Opportunities and Regional Trends - Exclusive Report by MarketsandMarkets™
What is contrast media?
Contrast media is a
type of medical imaging contrast agent used to enhance the visibility of
internal body structures during medical imaging procedures. Contrast
agents are typically injected into the patient intravenously before the
imaging procedure. Common types of medical imaging procedures that use
contrast media include computed tomography (CT), magnetic resonance
imaging (MRI), and angiography.
There are two main types of
contrast media: ionic and non-ionic. Ionic contrast media contains
iodine, which is absorbed by the body and can cause side effects such as
nausea, vomiting, and diarrhea. Non-ionic contrast media does not
contain iodine and is less likely to cause side effects.
Why the contrast media market is a good investment opportunity?
The global contrast media market
is growing rapidly, due to the increasing use of diagnostic imaging
procedures. The major players in this market are GE Healthcare, Bayer
AG, and Bracco S.p.A. This article discusses why the contrast media
market is a good investment opportunity.
If you're looking for a good investment opportunity, the contrast media market is definitely worth considering. The global market is projected to USD 5.9 billion by 2026 from USD 4.9 billion in 2021, at a CAGR of 3.7% during the forecast period.
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There
are a number of factors driving this growth, including the increasing
prevalence of chronic diseases such as cancer and cardiovascular
disease, the aging population, and the growing use of computed
tomography (CT) and magnetic resonance imaging (MRI).
The
contrast agent market is highly consolidated, with the top three players
accounting for over 60% of the market. However, there is still room for
smaller players to grow, as the market is expected to continue to
expand in the coming years.
The global contrast media/ contrast agents market is consolidated. The prominent players operating in this market include GE Healthcare (US), Bracco Imaging SPA (Italy), Bayer AG (Germany), Guerbet (France), J.B. Chemicals and Pharmaceuticals Ltd. (India), Lantheus Medical Imaging, Inc. (US), Unijules Life Sciences Ltd. (India), and SANOCHEMIA Pharmazeutika GmbH (Austria).
What are the risks and benefits of investing in the contrast media market?
The
risks and benefits of investing in the contrast agent market are both
significant. On the one hand, the market is growing rapidly and is
expected to continue doing so. This provides investors with the
opportunity to make a profit. On the other hand, there are a number of
risks associated with this type of investment. These include the
potential for regulatory changes, the possibility of negative publicity,
and the potential for new entrants to enter the market and compete with
existing companies.
The contrast media market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latin America and the Middle East & Africa (MEA). North America was the largest regional market for contrast agents market in 2020. The large share of the North American market can be attributed to presence of major players in the region, high prevalence of chronic disorders, growing geriatric population, and the increasing adoption of minimally invasive procedures.
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