Contrast Media Injectors Market Growth Trends
The global contrast media injectors market is expected to reach USD 2.08 billion by 2030, registering a CAGR of 7.50% during the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow because of the rising demand for minimally invasive surgical procedures, along with the increasing usage of consumables for several diagnostic procedures, which are supporting the market growth of contrast media injectors.
COVID-19 had a significant impact on the contrast media injector market, in 2019, with around a 30-40% reduction in sales due to the imposed lockdown and rapid decline in imaging case volume. However, the market is expected to return to peak levels of 2019 by 2022. This is due to the launch of COVID-19 vaccines and ease in restrictions, import export of raw materials have resumed; therefore, the market is expected to grow at a significant rate over the forecast period.
Access the Contrast Media Injectors Market Size, Share Trends Analysis Report By Product (Injector Systems, Consumables), By Type (Single Head, Dual Head), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030
Technological advancements such as IT-enabled solutions for contrast media injectors, along with growing demand for minimally invasive surgical procedures, are expected to boost the market during the coming years. Furthermore, the large number of intraoperative imaging procedures being performed has further enhanced the demand for these injectors, propelling the market growth.
Contrast Media Injectors Market Report Highlights
- By product, injector systems accounted for the largest market share of 60.9% in 2023, due to its growing application in the diagnosis and treatment of vascular disease, cancer, and others
- By type, single head injectors accounted for the largest market share of 43.60% in 2023, because of their wide usage in the field of angiography, CT, and MRI as well these products are inexpensive
- Based on the application, the radiology segment dominated the market with around 46.94% of the revenue share in 2023, because it is the primary procedure used for the diagnosis of several chronic diseases
- Based on the end-use, the hospitals segment dominated the market with around 68.37% of the revenue share in 2023, due to the fact that these facilities are primary users of the contrast media injectors because of their need to record the rhythm electrical activity and evaluate the results in detail for clinical research purposes
- Asia Pacific contrast media injectors market is expected to witness the fastest growth rate at a CAGR of 8.57% over the forecast period. Factors that can be attributed to market growth include the growing geriatric population and an increasing number of surgeries
Order your free sample copy of “Contrast Media Injectors Market Report 2023 - 2030, published by Grand View Research
Key Contrast Media Injectors Company Insights
Key players operating in the contrast media injectors market are undertaking various initiatives to strengthen their market presence and increase the reach of their products and services. Strategies such as expansion activities and partnerships are playing a key role in propelling the market growth.
Key Contrast Media Injectors Companies:
The following are the leading companies in the contrast media injectors market. These companies collectively hold the largest market share and dictate industry trends.
- Bayer HealthCare LLC
- Bracco Group
- Ulrich Medical
- Guerbet Group
- Medtron AG
- Nemoto Kyorindo Co., Ltd.
- Hong Kong Medi Co Limited
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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