Contrast Media Market To Witness A Significant Growth Of USD 7.5 Billion By 2030

 San Francisco, 13 Nov 2023: The Report Contrast Media Market Size, Share & Trends Analysis Report By Modality (MRI, X-ray/CT, Ultrasound), By Product Type (Iodinated), By Application, By Route Of Administration, By End-use, By Region, And Segment Forecasts, 2023 - 2030

The global contrast media market size is expected to reach USD 7.5 billion by 2030, registering a CAGR of 3.29% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of chronic diseases is fueling the demand for diagnostic imaging treatments, which is propelling the market forward. Imaging studies, such as MRI, have become an important aspect of most disease diagnoses, and the widespread use of imaging technologies in healthcare has boosted the demand for contrast media globally.

Chronic diseases like cancer and diabetes are quickly becoming a major public health concern and are among the leading causes of mortality worldwide, necessitating the development of early detection techniques and effective treatment alternatives. As a result, one of the key drivers of imaging tests and contrast agents is the rising prevalence of complicated comorbidities and long-term disorders, thus boosting the market worldwide.

Due to fewer patient visits to hospitals, the COVID-19 pandemic had a detrimental influence on the global contrast media market. The number of imaging cases in several radiology departments dropped dramatically. Many countries worldwide have begun to rebuild their economy, but it will take time for contrast media utilization rates to return to pre-pandemic levels. Furthermore, with the launch of COVID-19 vaccines and the relaxation of restrictions, raw material imports and exports have begun, indicating that the market will develop at a high rate throughout the projection period.

Access Research Report of Contrast Media Market @ https://www.grandviewresearch.com/industry-analysis/contrast-media-contrast-agents-market

Contrast Media Market Report Highlights

• On the basis of modality, the X-ray/Computed Tomography segment held the largest market share in 2022, accounting for 69.3%. Wide acceptance and cost-efficiency of the X-ray/CT modality boost the adoption of contrast agents used for this modality
• Based on product type, the iodinated contrast media segment held the largest market share in 2022, accounting for 66.5%. This is due to their excellent radio-opacity and low toxicity than other agents
• Based on application, the neurological disorders segment dominated the market and held the largest revenue share around 29.18% in 2022. Diagnostic evaluation of CNS for neurological disorders boosts the adoption of MRI contrast agents, as they provide better images of neural structures than CT

Contrast Media Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 6.0 billion
Revenue forecast in 2030	USD 7.5 billion
Growth rate	CAGR of 3.29% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

List of Key Players in the Contrast Media Market

• Bayer AG
• General Electric Company
• Guerbet
• Bracco Diagnostic, Inc.
• Nano Therapeutics Pvt. Ltd.
• Lantheus Medical Imaging, Inc.
• iMax
• Trivitron Healthcare

Access Press Release of Contrast Media Market @ https://www.grandviewresearch.com/press-release/global-contrast-media-contrast-agents-market