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Contrast Media/Contrast Agents Market - Forecast to Reach $5.5 Billion by 2022 - Research and Markets

[December 15, 2017]

Contrast Media/Contrast Agents Market - Forecast to Reach $5.5 Billion by 2022 - Research and Markets

The "Contrast Media/Contrast Agents Market - Global Forecast to 2022" report has been added to Research and Markets' offering.

The global contrast media market is projected to reach USD 5.53 billion by 2022 from an estimated USD 4.57 billion in 2017, growing at a CAGR of 3.9% during the forecast period.

The contrast media market has witnessed various advancements in products and their approvals to meet the needs of patients and radiologists worldwide. Growth in the market can primarily be attributed to factors such as increasing number of approvals for contrast agents and growing number of public & private diagnostic centers. The increasing number of research and funding activities for research of contrast agents and their applications provides immense opportunities for players in the contrast media market.

On the basis of modality, the market is segmented into X-ray/CT, MRI, and ultrasound procedures. In 2017, X-ray/CT procedures segment is expected to command the largest share of the global contrast media market. The large share of this segment can be attributed to the incrasing number of CT examinations across the globe, coupled with advancements in CT imaging technologies.

On the basis of indication, the market is categorized into cardiovascular disorders, cancer, gastrointestinal disorders, musculoskeletal disorders, neurological disorders, and nephrological disorders. The cardiovascular disorders segment is expected to grow at the highest CAGR during the forecast period. Improvements in cardiac MRI procedures in cath labs, favorable reimbursement policies for contrast media used in cardiovascular diagnosis, and strong healthcare infrastructure in developed countries are some of the factors driving this segment.

Companies Mentioned