(PRWEB) April 12, 2014
According to a new market research report “Contrast Media/Contrast Agents Market By Product (Iodinated, Gadolinium and Barium), By Technique (X-ray, CT, MRI, Cath Lab and Ultrasound) and By Application (Radiology, Interventional Radiology and Interventional Cardiology) – Global Trends and Forecast to 2017” analyzes and studies the major market drivers, restraints, opportunities and technology trends in North America, Europe, APAC and Rest of the World.
Browse 107 market data tables with 14 figures spread through 286 pages and in-depth TOC on "Contrast Media/Contrast Agents Market"
Early buyers will receive 10% customization on this report.
This report studies the global contrast media / contrast agents market over the forecast period of 2012 to 2017. The global contrast media market boasts of a total value of $6.2 billion in 2012 and is expected to register a growth rate of 6.8% to reach a value of $8.6 billion by 2017.
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The market is well developed in Americas and Europe with well devised and structured policies governing this market. North America accounts for the lion’s share in contrast media market with U.S. being the largest contributor to this region. Europe occupied the second largest share in 2012 but its share is expected to decrease by 2017 due the lack of government regulations as stringent as that of the U.S. and also because the persistent euro zone debt crisis. The APAC region is slated to register the highest growth in the next five years, closely followed by the RoW region, primarily due to increasing investments by major players in this region.
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This market has been segmented into three product categories – barium-based, iodinated and gadolinium-based contrast media. These product segments are further bifurcated based on their routes of administration (oral, injection, rectal, and urethral), indication (cardiovascular, neurology, oncology, respiratory, nephrology, gastrointestinal, and musculoskeletal), medical procedure (X-ray, CT, MRI, ultrasound, and cath lab) and application (radiology, interventional radiology, and interventional cardiology).
Contrast media have been in use in medical diagnostic procedures since mid 1950s and is a fairly mature market in 2012. Yet, it shows good potential to grow in the next five years due to technological advances in medical imaging like low-cost CT imaging and functional MRI. The ever-increasing cancer and cardiac mortality rates globally, growth of medical imaging in emerging markets, coupled with an increase in the demand for diagnostic image-guided procedures are foreseen to act as drivers for the growth of this market. However, some of the major economies in the world are undergoing healthcare reforms which bring certain restraints in terms of reimbursement of contrast media. Also, the economic slowdown of 2008 has proved to be another decelerating factor hindering the growth of this market.
The major players profiled in this report are GE Healthcare (U.K.), Bracco Diagnostic, Inc. (Italy), Bayer Healthcare Pharmaceuticals (Germany), Covidien (Ireland) and Guerbet Group (France).
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