Increasing demand for syringe less appliance coupled with high investments in RD of contrast media appliance are fueling the market growth.
The Global Contrast Media Appliance Market is forecast to reach USD 2,264.4 Million by 2028, according to a new report by Reports and Data. A contrast agent or medium is used in medical imaging systems to enhance the contrast of the structures or the fluids inside the body and improve the visibility of the blood vessels or the gastrointestinal tracts. Contrast agents absorb and alter the external electromagnetism, which then emits radiations themselves. Contrast media appliance or the power appliance in medical imaging and interventional radiology ensure optimization in the opacity as well as the delineation of normal, arterial, and venous anatomy and abnormal lesions. An increased awareness about healthcare wellness, changing treatment patterns, government supports, and escalating volumes of implementation of the contrast media appliance in various radiology departments of the healthcare centers are expected to accelerate the further rapid growth of this market.
The North American market is forecasted to grow with a CAGR of 7.2% during the forecast period, owing to its extensive investments in healthcare sectors, coupled with the increasing geriatric cardiovascular diseases and extensive demand for contrast media appliance in the radiology departments in all the hospitals and ambulatory surgery centers. Asia Pacific, with its advancements in the healthcare industry and escalating volumes of patients with cardiac disorders cancers in China and India; is likely to achieve a significant market share. China and India are some of the fastest-growing markets, while the United States, Japan, and Germany hold some of the most prominent players in the market.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Medtron AG, Bracco Imaging S.P.A, Guerbet Group, Sino Medical Device Technology Co., Ltd., Ulrich Medical, APOLLO RT Co. Ltd., VIVID IMAGING, Guerbet Group, Bracco Imaging S.P.A, and Shenzhen Seacrown Electromechanical Co. Ltd among others.
Market Segmentation by Types:
Appliance Type Outlook (Revenue, USD Billion; 2020-2028)
- Single Syringe Appliance
- Dual Syringe Appliance
- Syringe less Appliance
Sales Channel Outlook (Revenue, USD Billion; 2020-2028)
- Online Retailing
- Medical Stores Brand Outlet
Product Outlook (Revenue, USD Billion; 2020-2028)
- Injector Systems
- Consumable Accessories
Application Outlook (Revenue, USD Billion; 2020-2028)
- Interventional Cardiology
- Interventional Radiology
- Radiology
End-Users Outlook (Revenue, USD Billion; 2020-2028)
- Hospitals
- Clinics Diagnostic Centers
- Ambulatory Surgical Center
- Others
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Contrast Media Appliance market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Further key findings from the report suggest
- Online retailing supply of the surgical instruments and devices has been trendy in the emerging nations like China and India mainly. Online retailers can offer reduced prices compared to the medical stores and offline vendors due to the non-involvement of the distributor chains in the business process. This sub-segment is expected to grow at a CAGR of 7.3% during the forecast period.
- Injector systems consist of the appliance compatible with various medical imaging systems such as, computed tomography (CT), magnetic resonance imaging (MRI), angiography, and others. This sub-segment had the highest market share and is expected to grow at a CAGR of 4.8% throughout the forecast period, although a higher growth rate has been measured for the consumable accessories due to increasing and non-repeated usage.
- The growing prevalence of cardiovascular diseases and minimally invasive cardiac procedures coupled with increasing use of contrast media appliance in the interventional cardiology imaging are the reasons behind the growth of this sub-segment. Interventional cardiology is expected to grow at a CAGR of 21.5% during the period 2019 to 2028.
- Ambulatory surgery centers are modern kind of healthcare facility centers, which are focused on providing immediate surgical care and releasing the patients right after the surgery. The ambulatory surgery centers have a more convenient outpatient procedure alternative to the hospitals based inpatient systems, maintaining a strong track record of quality care. Ambulatory surgery centers, incorporating all the required and modern contrast media appliance, are expected to grow fastest at a rate of 9.0% throughout the forecast period.
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