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Contrast Media/Agents Market is Estimated to Grow at a CAGR of 6.8% & to Reach $8.6 Billion By 2017 - by MarketsandMarkets
Date:1/25/2013

rocedure (X-ray, CT, MRI, ultrasound, and cath lab) and application (radiology, interventional radiology, and interventional cardiology). The global contrast media market boasts of a total value of $6.2 billion in 2012 and is expected to register a growth rate of 6.8% to reach a value of $8.6 billion by 2017.

North America accounted for the largest share, followed by Europe. This is attributed to the fact that major players are located in these regions with easy access and extensive use of contrast media in almost all radiological examinations. Europe is expected to grow at the lowest CAGR globally, mainly due to the impact of economic slowdown in this region and the probable delay in the adoption of new products and technology in the contrast media arena.

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 imageguided 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. In competitive landscape, we have studied the growth strategies adopted by the companies between 2010 and 2012. Players in this market have adopted various strategies to expand their global footprint and increase their market share. New product launch, partnerships and alliances, mergers and acquisitions, and other developments are some of the major strategies adopted by player to achieve growth.

The major players profiled in this report are GE Healthcare (U.
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