Global Gadolinium Contrast Media Market Overview:
Chemical substances used in magnetic resonance imaging (MRI) scans are gadolinium contrast media (also known as MRI contrast media, agents, or 'dyes'). Gadolinium contrast medium, when inserted into the body, enhances and increases the clarity of MRI images (or pictures). Gadolinium (Gd) is a rare earth metal that is difficult to obtain and has the appearance of a silvery white crystal. At room temperature, it is one of the few metals with ferromagnetic properties. Gadolinium, like the majority of rare earth metals, contains fluorescent trivalent ions. Gadolinium absorbs neutrons and is used for shielding in neutron radiography and nuclear reactors. Increased incidences of chronic diseases, the demand for image-guided procedures and diagnostics, and a large number of contrast agent approvals are all driving the growth of the contrast media industry. The use of image-guided procedures will aid in determining whether a cancer is malignant or benign. With the rising prevalence and number of cancer cases in both emerging and developed economies around the world, protocols that can assist patients in receiving a diagnosis at an earlier stage are required.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Shift To Iodinated Contrast Media/Contrast Agents
Market Growth Drivers:
Increase in the Incidences of Chronic Diseases and Increasing Demand for Early Diagnosis and Rising of CT and MRI Examinations
Challenges:
Technological Advancements in Imaging Solutions and Restriction and Withdrawal of Linear Gadolinium-Based Contrast Agents
Restraints:
Side-Effects and Allergic Reactions Associated With Contrast Agents and Gadolinium-Based Contrast Agents Can Be Harmful To Human Beings in the Long-Term
Opportunities:
Large Number of Approvals for Contrast Agents and Increased Investment in R&D
Competitive Landscape:
The large and major companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Several companies are operating in the market to provide customers with better offers with various features & unique offerings. The market is a partially fragmented market with the presence of several market players and local players.
Some of the key players profiled in the report are Bayer AG (Germany), Bracco Diagnostic Inc. (Italy), GE Healthcare (United States), Guerbet Group (France), Spago Nanomedical AB (Sweden), Taejoon Pharm (South Korea), Daiichi Sankyo (Japan), Unijules Life Sciences (India), J.B. Chemicals and Pharmaceuticals (India) and Lantheus Medical Imaging Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Sanochemia (Austria). Analyst at AMA Research see Asia Pacific Vendors to retain maximum share of Global Gadolinium Contrast Media market by 2028. Considering Market by Indication, the sub-segment i.e. Cardiovascular Disorders will boost the Gadolinium Contrast Media market. Considering Market by Contract Agent Types, the sub-segment i.e. Linear Non-Ionic Agent will boost the Gadolinium Contrast Media market. Considering Market by Route of Administration , the sub-segment i.e. Oral will boost the Gadolinium Contrast Media market.
Latest Market Insights:
Bracco Diagnostics Inc., the U.S subsidiary of Bracco Imaging S.p.A., a leading global company in the diagnostic imaging business, has announced a new partnership with CardioNavix, LLC aimed at improving patient access to cardiac PET imaging, an important diagnostic test for the detection of coronary artery disease (CAD)
Bayer and Siemens Healthineers presented the new Imaging System Interface (ISI) for magnetic resonance imaging (MRI) at this year’s European Congress of Radiology (ECR). ISI is a joint hardware and software development from Bayer and Siemens Healthineers and the first injector scanner interface for the MRI suite.
According to FDA- For some MRI exams, intravenous (IV) drugs, such as gadolinium-based contrast agents (GBCAs) are used to change the contrast of the MR image. Gadolinium-based contrast agents are rare earth metals that are usually given through an IV in the arm.
What Can be Explored with the Gadolinium Contrast Media Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gadolinium Contrast Media Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gadolinium Contrast Media
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gadolinium Contrast Media market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gadolinium Contrast Media market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Gadolinium, Suppliers of Gadolinium, Wholesalers, Distributors, and Retailers of Gadolinium, Chemical Industry, Pharmaceutical Industry, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.