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Contrast Media Market Trends

  • Report ID: GMI9230
  • Published Date: Apr 2024
  • Report Format: PDF

Contrast Media Market Trends

  • Vendors are increasingly focusing towards developing a new contrast agent with improved imaging agents characteristics, targeting abilities, and biocompatibility profiles. For instance, according to the Radiological Society of North America (RCNA), Gadopiclenol, a new MRI contrast media approved by the FDA in September 2022 uses a lower concentration of gadolinium than existing medias, however, delivers equivalent/improved diagnostic results. Such improvements are driving the adoption of new and advanced contrast media in the market.
     
  • Vendors have also recognized an increasing demand for personalized imaging solutions to meet distinct clinical requirements and imaging obstacles. Tailored contrast agents are being created for diverse imaging modalities, clinical applications (such as oncology, cardiology, neurology), and patient cohorts to effectively meet the specific demands of end user.
     
  • Significant improvements in packaging of contrast media have introduced innovative packaging options including bulk, multi-dose containers and polymer containers. The use of polymer packaging containers over traditional glass packaging has increased owing to several benefits including reduced storage, improved safety of workplace, and decreased cost of waste disposal.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of contrast media reached USD 6.2 billion in 2023 and is set to witness 7.6% CAGR from 2024 to 2032, owing to the growing regulatory approvals of contrast media, growth in radiological examinations, and rising incidence of chronic diseases worldwide.

The iodinated contrast media segment and is expected to register 7.5% CAGR through 2032, due to its versatility and high contrast enhancements, and its compatible with various imaging modalities.

North America market held 38.4% share in 2023, attributed to increasing prevalence of chronic diseases including cardiovascular diseases, cancer, neurological disorders in the region.

Lantheus Holdings, Inc., Livealth Biopharma Pvt. Ltd., nanoPET Pharma GmbH, Senochemia Pharmazeutika, Spago Nanomedical AB, TAEJOON Pharmaceutical Co., Ltd., Trivitron Healthcare, and Unijules Life Sciences Ltd., are some of the major contrast media companies worldwide.

Contrast Media Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 339
  • Countries covered: 22
  • Pages: 194
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