About Gadoterate Meglumine
GADOTERATE meglumine (gad oh TER Ate MEG loo meen) is a distinction agent. it's used to diagnose abnormalities during an MRI. Gadoterate meglumine can cause a serious condition in individuals with advanced kidney disease. Gadoterate meglumine is a contrast agent that has magnetic properties. it's used in combination with resonance imaging (MRI) to permit blood vessels, organs, and alternative non-bony tissues to be seen a lot clearer on the imaging. Gadoterate meglumine is used to assist diagnose sure disorders of the brain and spine (central nervous system). Gadoterate meglumine is given as an infusion into a vein.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The 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. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Gadoterate Meglumine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Guerbet Group (France), GE (United States), Bayer (Germany), Sanochemia (Austria), T2Pharma (Germany), b.e.imaging GmbH (Germany) and Hengrui Medicine (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Gadoterate Meglumine market by , Application (Hospitals and Clinics) and Region.
On the basis of geography, the market of Gadoterate Meglumine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online e-pharmacies will boost the Gadoterate Meglumine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Adult will boost the Gadoterate Meglumine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Strength, the sub-segment i.e. 1.8845Gm/5Ml will boost the Gadoterate Meglumine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of The Injection
Market Growth Drivers:
Increasing Need For MRI and Increasing Geriatric Population
Challenges:
Presence of Competitors
Restraints:
Severe Side-Effects Associated with The Medicine
Opportunities:
Increasing Advancement and Innovation
Market Leaders and their expansionary development strategies
November 2020, GE Healthcare has received U.S. FDA approval of its macrocyclic gadolinium-based MRI contrast agent, Clariscan (gadoterate meglumine), in pre-filled syringes. Pre-filled with 10, 15 and 20mL of contrast agent, Clariscan’s ready-assembled, clear plastic syringes save time and reduce the risk of injury from broken glass, while the color-coded volume labels allow for easy identification of the required patient-specific volume. Its 2D data matrix contains scannable key information to be uploaded onto electronic medical systems, reducing the risk of manual data entry errors and helping to further increase workflow efficiency at medical centers.
In April 2020 Guerbet (GBT), a global leader in medical imaging, announced that it received FDA approval to manufacture Dotarem® (gadoterate meglumine) injection.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Gadoterate Meglumine, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.