Publisher's
MediPoint: Contrast Media - Global Analysis and Market Forecasts report
provides analysis of the contrast media space across the 10 major markets of
the US, France, Germany, Italy, Spain, UK, Japan, Brazil, China and India,
including annualized market data from 2015 and forecast until 2022.
Key
Questions Answered
- What is
the current and future outlook of the contrast media in developed and emerging
markets?
- What are
unmet needs in the contrast media market? What are the clinical and
non-clinical barriers in this space? What is hampering innovation within this
market?
- What
trends are affecting the global contrast media market?
The global market for contrast media, which are substances used in medical imaging which enhance the visibility of structures or fluids within the body, is set to rise from just over $4.3 billion in 2015 to over $6 billion by 2022, representing a compound annual growth rate of 4.9%. As shown in the figure below, the global contrast media market had revenues of $4,339M in 2015 across the 10 major markets. By the end of the forecast period in 2022, the global contrast media market will increase to approximately $6,073M, at a CAGR of 4.9%.
The contrast
media market is old and well-established, with products being used in a wide
array of indications. The growth of the
contrast media market will be driven by the increasing annual number of
diagnostic imaging scans and its growing utilization. The fastest-growing
markets will be India, China, and Brazil with CAGRs of 9.2%, 8.6%, and 7.2%,
respectively. In terms of revenue, the US, Japan, and China are expected to be
the largest markets, with forecast sales in 2022 of $2.24B, $968.9M, and
$779.5M, respectively. The market
outlook for contrast media is strongly driven by the increasing number of
annual diagnostic scans across all diagnostic imaging modalities covered in
this report, which are CT, MRI, and ultrasound (echocardiography). Increased
scanning is due to growth in populations, disease burdens, and contrast utilization
in emerging economies such as China and India.