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Global Contrast Media Injectors Market to top US$ 3 Billion by 2032; Application concentrated in Radiology: Fact.MR Report

Published: Jun 27, 2022

Contrast Media Injectors Market Analysis By Product (Contrast Media Injector Consumables, Contrast Media Injector Systems & Contrast Media Injectors by Accessories) By Application (Radiology, Interventional Radiology & Cardiology) By End-User & Region – Insights 2022 to 2032

“Increasing prevalence of chronic illness among the geriatric population and the deployment of smart technologies in the healthcare sector is expected to play an important role in developing the global contrast media injectors market during the forecast period,” says a Fact.MR analyst.

Fact.MR – A Market Research and Competitive Intelligence Provider: The global contrast media injectors market is expected to secure a market value of US$ 1.5 Billion in 2022 and reach US$ 3.1 Billion in 2032. The market is expected to display a CAGR of 7.4% during the assessment period. The growth of the market can be attributed to the increasing chronic illness across the globe.

Integration of advanced technology in contrast media injectors is expected to augment the market size during the forecast period. They have been enabled with an LCD screen to monitor patient status. Integration of smart technologies is likely to offer growth opportunities to the market in the assessment period. For instance, Bracco launched the EmpowerCTA injector System that meets the demands of computed tomography. Players are deploying smart software for injector systems that offer real-time data. For instance, Mallinckrodt launched an OptiSync data management system. It analyses radiology data when a patient undergoes a contrast-media enhanced CT imaging procedure.

On the contrary, high expenses associated with contrast media injectors and lack of expertise are expected to hamper the market growth during the forecast period. However, the growing implementation of favorable initiatives by the government of various countries is expected to provide a significant boost to the market in the forecast period.

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Key Takeaways from the Market Study are:

  • By application, the radiology segment is expected to dominate the market at a CAGR of 7.2% during the forecast period
  • By end-user, the diagnostic imaging centers segment is projected to lead the market at a compounded growth rate of 7.1% in the assessment period.
  • The market in the U.S is anticipated to garner revenue worth US$ 1.1 Billion by 2032
  • Chinese industry is expected to display a CAGR of 6.6% in the assessment period.
  • Market in South Korea is projected to secure a value worth US$ 102.5 Million by 2032

Competition Analysis

Key players in the global contrast media injectors market include Ulrich GmbH & Co. KG, Bracco Group, Guerbet Group, Medtron AG, and Bayer HealthCare LLC. Recent developments in the industry are:

  • In December 2021, Qaelum NV announced a strategic partnership with Ulrich GmbH & Co. KG is Ulm to combine their advanced Contrast Management solution with the contrast media injectors of Ulrich Medical to assist the demand for hospitals and imaging networks.
  • In May 2021, Bayer AG announced a strategic collaboration with ArcherDX, which aims to focus on the advancement and commercialization of therapy-accompanying diagnostics test, also known as companion diagnostics (CDx), for Vitrakvi ™. It is based on next-gen sequencing.
  • In December 2021, Guerbet and Bracco Imaging disclosed a strategic collaboration for Gadopiclenol. It is a next-gen magnetic resonance imaging (MRI) contrast agent.

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Key Segments Profiled in the Contrast Media Injectors Market Study

  • Global Contrast Media Injectors Market by Product :
    • Contrast Media Injector Consumables
      • Syringes
      • Tubes
      • Other Consumables
    • Contrast Media Injector Systems
      • CT Injectors
      • MRI Injectors
      • Angiography Injectors
    • Contrast Media Injectors by Accessories
  • Global Contrast Media Injectors Market by Application :
    • Contrast Media Injectors for Radiology
    • Contrast Media Injectors for Interventional Radiology
    • Contrast Media Injectors for Interventional Cardiology
  • Global Contrast Media Injectors Market by End User :
    • Contrast Media Injectors in Hospitals
    • Contrast Media Injectors in Diagnostic Imaging Centers
  • Global Contrast Media Injectors Market by Region :
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the contrast media injectors market presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product (Consumables, Injector Systems, Accessories), Application (Radiology, Interventional Radiology, Interventional Cardiology), End-User (Hospitals, Diagnostic Imaging Centers), & Regional (North America, Europe, Asia Pacific, Central & South America, and the Middle East and Africa).

Fact.MR’s Domain Knowledge in Healthcare

Our healthcare consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the healthcare sector. Our expertise in recognizing the challenges and trends impacting the global healthcare industry provides indispensable insights and support - encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

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