Pune, Maharashtra Jun 7, 2019 (Issuewire.com) - The latest report, Contrast Media Agent market attempts to explain as well as understand the buying pattern to help companies design a marketing strategy that can attract more buyers. The approach empowers stakeholders to target audience more accurately and reap the highest profits.
Market Industry Reports (MIR) has published a new report titled “Contrast Media Agent market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global contrast media/contrast agents market is anticipated to witness a healthy CAGR from 2019 to 2030 and was valued at over US$ 4.7 Bn in 2018.
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The continual growth of the contrast media/contrast agent market can be attributed to the increasing number of approvals for contrast agents by a regulatory authority, rise in the number of public and private diagnostic centres, and rapidly growing global cancer population. The increasing number of research and funding activities for research using contrast agents and their applications provides immense opportunities for companies in the market.
Side Effects, Allergic Reactions, and Adverse Effects Associated With Contrast Agents
Many patient and physician have recorded adverse effect related to contrast media/contrast agent. According to a paper published in the Journal of Radiology, it was observed that varying levels of residual gadolinium were accumulated in the brain. This may be toxic to patients administrated by gadolinium-based contrast. Moreover, patients have suffered from itching delayed allergic reactions, anaphylactic reactions, and cutaneous reactions. Furthermore, the FDA has recalled various contrast media/contrast agent products owing to their side effects and new guidelines are placed to curb these problems. These adverse effects, side effects and allergic reaction are restraining the growth of the market to a certain extent.
North America to dominate the Market
North America is estimated to account for the largest share of the market during the forecast period. The growth of this region can be accounted owing to rise in FDA approvals, continuously growing economy, and increasing use of contrast media/contrast agent is anticipated to present a lucrative growth scenario for the contrast media/contrast agent market in this region. Moreover, supportive government healthcare regulations and regulation related to contrast media are expected to present an attractive growth prospect for the market in the coming years.
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Major Players in the contrast media/contrast agent Market
The prominent players in the global contrast media/contrast agent market are GE Healthcare, Bayer, Bracco Diagnostics, Guerbet. These players have adopted various strategies like new product launches and product approval from regulatory bodies that have enabled them to acquire a large share in the market. Moreover, clinical studies using contrast media and funding for clinical trials for various application has also helped them garner market share. Other prominent players in the market are Lantheus, J.B. Chemicals and Pharmaceuticals, Daiichi Sankyo, Taejoon Pharm, and Jodas among others.
Table of Contents
- INTRODUCTION
- Market Definition
- Market Ecosystem
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Methodology
- Bottoms Up Approach
- Top-Down Approach
- Data Validation and Triangulation
- Market Forecasting Model
- Limitations/Assumptions of the Study
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
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