The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The contrast media market has shown steady growth in recent years, with the market size expected to reach $4.72 billion in 2024, growing at a compound annual growth rate (CAGR) of 4.6%. This growth can be attributed to factors such as the aging population, expansion of radiology and imaging centers, and the rise in minimally invasive procedures. Looking ahead, the market is projected to continue its steady growth, reaching $5.65 billion by 2028, with a CAGR of 4.6%.

Rising Utilization Of Diagnostic Procedures Accelerates Growth In The Contrast Media Market

The increased use of diagnostic procedures is expected to drive the growth of the contrast media market. Diagnostic procedures play a crucial role in determining the presence, degree, and type of disease or condition in a patient. Contrast media are essential in these procedures as they highlight specific locations or structures inside the body, aiding healthcare practitioners in making accurate diagnoses and treatment decisions. For instance, in 2022, the NHS performed over 4 million diagnostic procedures, with a significant increase in CT scans. This rise in diagnostic procedures is a key driver of growth in the contrast media market.

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Digital Revolution In Contrast Media

Technological advancements are transforming the contrast media market, with major companies focusing on developing new digital solutions to enhance their offerings. For example, Bayer launched Calantic Digital Solutions, a platform that provides access to digital applications, including AI-enabled programs for medical imaging. These applications help radiologists and their teams in lesion detection, prioritization, quantification, and productivity, supporting healthcare professionals in diagnosing and treating patients more effectively.

GE Healthcare Expands Surgical Visualization Capabilities With BK Medical Acquisition

In December 2021, GE Healthcare acquired BK Medical for $1.45 billion, expanding its surgical visualization capabilities. This acquisition allows GE Healthcare to offer real-time surgical visualization, enhancing its pre- and post-operative ultrasound capabilities. BK Medical’s expertise in surgical visualization complements GE Healthcare’s offerings, providing an end-to-end solution from diagnosis through therapy and beyond.

Market Segmentation

The contrast media market is segmented by type, route of administration, modality, indication, and end-user. Types of contrast media include barium-based, iodinated, gadolinium-based, and microbubble contrast media. The route of administration includes intravascular, oral, rectal, and other routes. Modalities include X-ray or CT, MRI, and ultrasound. Indications for contrast media use include cardiovascular disease, oncology, gastrointestinal disorders, neurological disorders, and others. End-users of contrast media include hospitals and clinics.

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The Contrast Media Global Market Report 2024  provides an overview of the contrast media market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The contrast media market forecast analyzes contrast media market size, contrast media market share, leading competitor and their market positions.

The Table Of Content For The Contrast Media Market Include:
1. Contrast Media Market Executive Summary
2. Contrast Media Market Segments
3. Contrast Media Market Size And Contrast Media Market Growth Rate
4. Key Contrast Media Market Trends
5. Major Contrast Media Market Drivers
……
25. Key Mergers And Acquisitions In The Contrast Media Market
26. Top Contrast Media Companies
27. Contrast Media Market Opportunities And Strategies
28. Contrast Media Market, Conclusions And Recommendations
29. Appendix

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