The Business Research Company’s Contrast Media Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Contrast Media Global Market Report 2023 evaluates contrast media market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global contrast media market size is expected to grow from $4.35 billion in 2022 to $4.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global contrast media is expected to grow to $5.34 billion in 2027 at a CAGR of 4%.
The increase in prevalence of long-term diseases and complex comorbidities is expected to propel the growth of the contrast media market going forward. Comorbidity refers to the presence of many diseases in one person at the same time. Contrast medium (CM) is a procedure used in imaging to emphasize the distinctions between human tissues in pictures. The optimal contrast medium produces extremely high concentrations in the tissues while causing no side effects, thus increasing the demand. For instance, in May 2022, according to Oxford Academic, a UK-based university press of the university of Oxford data, people with intellectual disabilities (ID), the occurrence of 2 or more comorbidities was higher before age 65, while for people without intellectual disabilities (ID) it has been highest after age 65. The most increased occurrence of 2 or more comorbidities in people with ID or Chronic obstructive pulmonary disease (COPD) occurred at ages 55–59. 17.6% of people with ID and CVD have been aged 60–64 years and had 2 or more comorbidities. Therefore, the increasing prevalence of long-term diseases and complex comorbidities are driving the growth of the contrast media market.
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The contrast media market segments in the report are:
1) By Type: Barium-Based Contrast Media, Iodinated Contrast Media, Gadolinium-Based Contrast Media, Microbubble Contrast Media
2) By Route of Administration: Intravascular Route, Oral Route, Rectal Route, Other Route of Administration
3) By Modality: X-Ray or CT, MRI, Ultrasound
4) By Indication: Cardiovascular Disease, Oncology, Gastrointestinal Disorders, Neurological Disorders, Other Indications
5) By End User: Hospitals, Clinics
The table of contents in TBRC’s contrast media market report includes:
- Executive Summary
- Contrast Media Market Characteristics
- Contrast Media Market Trends And Strategies
- Contrast Media Market – Macro Economic Scenario
- Contrast Media Market Size And Growth
……
- Africa Contrast Media Market
- Contrast Media Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Contrast Media Market
- Contrast Media Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
Bayer AG
GE Healthcare
Guerbet Group
Lantheus Medical Imaging Inc.
Unijules Life Sciences Ltd.
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