Contrast Media Injectors Market is expected to reach US$ 3 Billion by 2033 | FMI
The market value of the Total Contrast Media Injectors to be sold this year, 2023, is around US$ 1.6 Billion. Furthermore, the global Contrast Media Injectors Market is predicted to reach approximately US$ 3 Billion by 2033 by following a yearly growth rate of 6.6%.
The global increase in trauma cases
is expected to drive the growth of the contrast media injectors market.
Furthermore, the rising prevalence of cancer among the world's geriatric
population is expected to drive demand for contrast media injectors.
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Furthermore, as the number of
cancer, neurological, and cardiovascular patients admitted to hospitals rises,
the industry will experience significant growth. With the vast range of
applications in radiology, interventional radiology, and interventional
cardiology, hospitals are the principal users of high-pressure contrast media
injectors.
End-user demand for technologically
improved contrast media injectors, such as IT-enabled contrast media injectors
that can connect to a hospital database for dosage monitoring, is driving up
contrast media injector prices.
Air emboli formed during contrast
media injection can restrict right ventricular outflow or clog pulmonary
arterioles, resulting in significant complications such as cardiovascular
collapse.
Key Takeaways from the Contrast
Media Injectors Market Study Report
The United States is the leading
market with a market share of 32.5%, which is around US$ 500 Mn in 2023. The
demand for contrast media injectors in the country is projected to grow at a
rate of 6.8% from 2023 to 2033.
In Europe, Germany is the dominant
market and is projected to register a CAGR of 6.3% from 2023 to 2033. It is the
second-largest market in the world and is predicted to reach US$ 202.9 Mn by
the end of 2033.
While. the demand for contrast media
injectors in the United Kingdom is growing faster than in Germany. The report
predicts the growth rate for the UK market to be 6.4% through 2033 to reach a
valuation of US$ 123.3 Mn.
Meanwhile, China is the
fastest-growing region in the production and sales of contrast media injectors
around the world. By registering a CAGR of 7.8% over the forecast years, this
regional market is estimated to reach US$ 192.3 Mn by 2033.
India is emerging as a promising
market with growing demand for contrast media injectors. The growth rate
estimated for this regional market is around 5.4%, and the net worth of the
market is to reach US$ 42.5 Mn by 2033.
Among the different types of
contrast media injectors available in the market, CT injectors are the
top-performing product type segment. This segment is projected to grow at a
rate of 6.4% during the time period covering 2023 to 2033.
For the contrast media injectors market players, the hospital segment is predicted to remain the
prominent end-user vertical. During the forecast period, this segment is
expected to witness a year-on-year growth rate of 6.7% from 2023 to 2033.
Competitive Landscape for the
Contrast Media Injectors Market
- Mallinckrodt (Guerbet SA)
- GE Healthcare
- Bayer AG
- Ulrich GmbH & Co. KG
- Bracco Imaging S.p.A
- Medtron
- NemotoKyorindo Co. Ltd
- Shenzhen Anke High-tech Co. Ltd
- Sino Medical-device Technology Co., Ltd
- Apollo RT Co., Ltd
Recent Developments in the Contrast
Media Injectors Industry
- In May 2021, Bayer AG announced a collaboration with
ArcherDX, Inc., which will focus on the global development and
commercialization of therapy-accompanying diagnostic tests – also known as
companion diagnostics (CDx) – for Vitrakvi™ (larotrectinib), based on
next-generation sequencing.
- In May 2019, Ulrich’s CT contrast agent injector, CT
motion, was made available in the world's most important medical
technology market, the U.S.
Contrast Media Injectors Market by
Category
By Product Type:
- CT Injectors
- MRI Injectors
- Cardio Injectors
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Diagnostics Centers
- Others
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