Contrast Agents Market

The global Contrast Agents market was valued at 5796.81 Million USD in 2021 and will grow with a CAGR of 4.78% from 2021 to 2027, based on Research newly published report.

The prime objective of Contrast Agents Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Contrast Agents Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Contrast agents are chemicals, which are used to enhance the image effect to observe by injecting (or taking) into human tissue or organs. The density of contrast agents is higher or lower than surrounding tissue and this contrast can display images via some device.Contrast agents are widely used in diagnostic imaging procedures such as CT scans, MRIs, X-rays, ultrasounds, and related procedures. In terms of volume, the production of contrast agents was about 242794 K Dose in 2015 and is anticipated to reach 329523 K Dose by 2021. The contrast agents industry is a quite concentrated market with a few companies dominates the market. Bayer is the dominate producer of contrast agents, the production was 74476 K Dose in 2015, accounting for about 30.67% of the total amount, followed by GE Healthcare, with the production market share of 25.54 %. The top four companies occupied about 79.40 % production share of the market in 2015. At present, in the foreign industrial developed countries the contrast agents industry is generally at a more advanced level, the world`s large enterprises are mainly concentrated in the North America Europe and Japan, accounted for most of the international market share. Meanwhile, these companies have more advanced equipment, strong R&D capabilities; the technical level is in a leading position. The emerging markets (such as China, India) have relatively small scales. However, they have much higher market increasing growth than developed countries. They are the main growth areas in the global contrast agents market. The sales volume shares of North America, Europe, Japan, China, India and Southeast Asia were 27.91%, 19.65%, 22.52%, 11.07%, 7.35% and 3.52%. There are mainly two types of contrast agents: iodine preparations type and gadolinium preparations type. Currently, iodine preparations type is the main product and it occupied 81 % share in 2015. X-CT accounted for the largest market with about 85.10 % market share of the global contrast agents consumption in 2015. Moreover, it is anticipated to grow at a CAGR of 4.92 % from 2016 to 2021. With over 13 % share in the contrast agents market, MRI was the second largest application market in 2015, and is anticipated to grow at a CAGR of 5.71% in terms of consumption volume, from 2016 to 2021. Under the influence of raw material, market competitions and economic conditions, the price of contrast agents was fluctuant in recent years. Over the next few years, we predict that price will decline. As competition intensifies, prices gap between different brands will go narrowing.

By Market Verdors:

• Bayer
• GE Healthcare
• Bracco Imaging
• Guerbet Group
• Hengrui Medicine
• YRPG
• Lantheus
• BeiLu Pharma

By Types:

• Iodine Preparations
• Gadolinium Preparations

By Applications:

• X-CT
• MRI

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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