1. Contrast Media/Contrast Agents Market By Product (Iodinated,
Gadolinium & Barium), By Technique (X-ray, CT, MRI, Cath Lab &
Ultrasound) & By Application (Radiology, Interventional Radiology &
Interventional Cardiology) - Global Trends & Forecast to 2017
Published: January 2013
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2. Contrast Media/Contrast Agents Market
Contrast agents have evolved significantly over the past century, from barium and iodine-
based agents that were used initially by medical practitioners and radiologists, to the
more advanced agents like radiopharmaceuticals and gold nanoparticles that are
currently in use. Sophisticated techniques such as targeted MRI imaging and gas
microbubble technology in ultrasound will prove to be essential drivers in the widespread
use of contrast agents in the future.
The global contrast media market is broadly segmented into barium-based, iodinated and
gadolinium-based contrast media. These products are further categorized based on the
medical procedure (X-ray, CT, MRI, ultrasound, and catheterization laboratory), route of
administration (oral, injection, rectal, and urethral), medical indication (cardiovascular,
respiratory, musculoskeletal, gastrointestinal, and neurology, nephrology and oncology)
and finally application (radiology, interventional radiology and interventional cardiology).
The global contrast media market is worth $6.2 billion in 2012, and estimated to grow at a
CAGR of 6.8% to reach $8.6 billion by 2017.
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3. Contrast Media/Contrast Agents Market
The global contrast media market, though fairly mature at present (2012), still shows
potential to grow over the next five years. It is propelled by the increasing demand for
diagnostic imaging and image guided surgical procedures, technological advances in
diagnostic imaging and the ever-increasing incidence rates of cancer and cardiac disorders.
However, a few pivotal factors affecting the growth of this market are major economies of
the world undergoing healthcare reforms, thereby affecting contrast media sales and the
economic slowdown restricting the overall growth of this market.
The U.S. represents the largest contrast media market worldwide, followed by Europe and
Japan. However, the economic slowdown has augmented opportunities for emerging
markets like India and China to strengthen their position in the global arena. Advances in
medical technology coupled with huge foreign investments from developed nations, allows
these emerging markets to compete with global market leaders in this segment.
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4. Contrast Media/Contrast Agents Market
Investment firms are increasingly focusing on expansion in developing markets of Asia, Latin
America and Eastern Europe, since the U.S. is on the brink of embracing healthcare reforms
and major economies in Europe are still recovering from huge financial deficits.
The global marketplace is highly competitive, with several small players specific to a
particular geography challenging major ones. Owing to the recession and the emerging
opportunities in developing countries, many small companies have similar product offerings
at competitive prices. Some of 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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5. Contrast Media/Contrast Agents Market
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