The global Contrast Media Injectors market size is expected to be worth around US$ 4.4 billion by 2030, according to a new report by Vision Research Reports.
The global Contrast Media Injectors market size was valued at US$ 982.1 million in 2020 and is anticipated to grow at a CAGR of 15.8% during forecast period 2021 to 2030.
Growth Factors
Rising demand for minimally invasive surgical procedures is a major factor expected to boost the market during the forecast period. These devices assist surgeons in accurate insertion of contrast agents with reduced human errors, thus increasing the accuracy and efficiency of surgical procedures. They play a crucial role in Intraoperative Computed Tomography (iCT), Intraoperative Magnetic Resonance Imaging (iMRI), and interventional cardiology. The availability of advanced injector systems for diagnosis and intraoperative imaging has boosted the adoption of these systems. For instance, Medrad Stellant CT injection system integrated with Certegra Workstation provides high efficiency and accuracy in CT imaging.
Technological advancements, such as automated contrast media injectors and double-head injectors, are also among major factors supporting the growth of the market. Automated contrast media injectors provide improved patient safety, accuracy, and enhance image quality. Also, double-head injectors allow a large and rapid initial bolus of contrast, which is required in several imaging procedures. For instance, in cardiac CT, a fast injection is required for imaging of both sides of the ventricular septum to identify septal thickness, shunts, and enlarged ventricles. Delivery of contrast media is more efficient and controlled with a dual-head injector.
Report Highlights
the CT injector systems segment was the largest revenue-generating segment of the market due to the widespread application of these systems in cancer surgery, neurosurgery, cardiovascular surgery, and spinal procedures. In addition, the high adoption of minimally invasive surgeries is expected to boost the market.
Also, the rising prevalence of chronic diseases, including cancer, neurological disorders, and arthritis, is expected to propel the demand for this product segment. According to WHO, cancer is the second largest cause of death, and around 14.0 million new cases of cancer were diagnosed worldwide in 2012.
The MRI injector systems segment is expected to exhibit the highest growth over the study period owing to technological advancements, such as 3D isotropic imaging, high efficiency in tumor detection, higher quality visualization, and exquisite quality imaging. For instance, in November 2016, Ulrich GmbH & Co. KG announced the launch of its Max 2M and Max 3 innovative syringeless MRI injectors that provide more flexibility, accuracy, and require less time.
Manufacturers are focusing on the launch of innovative products to cater to the unmet requirements of radiologists and surgeons. Innovative technologies, such as IT-enabled solutions for duel-head, syringeless, and automated injectors, provide high accuracy, efficacy, and image quality during disease diagnosis and surgery.
the single head injectors segment accounted for the largest revenue share of the contrast media injectors market because it is most widely used for angiography, CT, and MRI. In addition, the low price of these products as compared to other systems is expected to drive demand in emerging economies, such as China, India, and Brazil. In addition, the launch of new products is expected to boost this segment. For instance, in February 2016, Guerbet received FDA approval for the OptiOne Single-Head Contrast Delivery System, a CT contrast media injector for injection of radiopaque contrast media during CT scan.
The syringeless injectors segment is expected to grow with the highest CAGR during the forecast period owing to its advantages, such as user-friendliness, high efficiency, and minimum wastage of contrast media. Several leading players are focusing on the development and launching of syringeless injectors, which is projected to drive the growth of the segment.
Availability of well-established healthcare infrastructure and high healthcare expenditure in developed countries, including the U.S., Japan, France, Germany, and the U.K., is expected to boost the market. According to the Centers for Medicare & Medicaid Services, U.S. healthcare expenditure was around USD 3.2 trillion in 2015 and accounted for approximately 17.8% of the gross domestic product. These factors are expected to support market growth.
The radiology segment held the largest share in the market because it is primary for the diagnosis of various diseases, including heart conditions, breast cancer, colon cancer, broken bones, gastrointestinal conditions, and blood clots. In addition, this segment is projected to grow at a lucrative rate owing to a rise in demand for non-invasive medical imaging techniques.
U.S., Japan, Germany, UK, and France are estimated to account for the maximum usage of contrast media injectors. Rise in the burden of several chronic diseases, growing investments by governments to improve healthcare infrastructure, and the availability of expert radiologists in these countries is projected to contribute toward growth.
The interventional cardiology segment is projected to grow at the fastest rate during the forecast period owing to a rise in the prevalence of cardiac diseases, including arrhythmia, heart valve problems, stroke, and heart attack. Rise in the prevalence of cardiac diseases has led to an increase in demand for interventional cardiac surgery for diagnosis and treatment.
Technological advancements have also boosted the growth of the segment. For instance, in June 2012, Bayer HealthCare LLC launched a new angiography injector, Mark 7 Arterion Injection System for angiography procedures. Also, the escalating popularity of these products in emerging economies such as China, South Africa, India, Brazil, and Mexico is expected to boost growth.
Hospitals held the highest market share owing to increasing admissions of patients suffering from cancer, neurological disorders, and cardiovascular diseases. According to CDC, in 2014, around 1,150 thousand patient suffering from heart disease including ischemic visited emergency department of hospital in the U.S.
Hospitals are primary users of the contrast media injectors because of its wide range of applications in radiology, interventional radiology, and interventional cardiology. Thus, this segment dominated the market in 2016, owing to the high patient turnaround and frequent readmissions. Furthermore, increasing focus on the development of healthcare infrastructure in developing countries in the Asia Pacific and African regions is expected to propel growth of the segment.
Diagnostic centers segment is expected to witness significant growth during the forecast period owing to increasing cognizance about chronic diseases including cancer, neurological diseases, and neurodegenerative disorders. Growing awareness among people results in increased demand for CT and MRI procedures that are used for diagnosis, treatment planning, and prevention of such chronic disorders.
North America dominated the market with the largest revenue share because of the highly developed healthcare facilities. Also, accessibility to expert radiologist and surgeons in this region have fueled growth. Europe region held significant revenue share due to the local presence of several leading companies, such as Bracco Group; Guerbet Group; Bayer HealthCare LLC; ulrich GmbH & Co. KG; and Medtron AG.
Furthermore, the availability of advanced IT-enabled solutions for data management, that provide data to analyze imaging optimization, workflow efficiencies, and patient safety. For instance, Bayer HealthCare LLC offers the Radimetrics Enterprise Platform which can be integrated with Medrad MRXperion MR Injection System.
Asia Pacific region is estimated to show highest CAGR during the forecast period owing to developing healthcare infrastructure in Asian countries including China, India, and Indonesia. Furthermore, the growing prevalence of some chronic diseases, such as cancer, orthopedic diseases, epilepsy, and Alzheimer's disease, is projected drive growth.
Key Players
Bracco Group; Guerbet Group; Medtron AG; Bayer HealthCare LLC; ulrich GmbH & Co. KG; Nemoto Kyorindo Co., Ltd.; GE Healthcare; VIVID IMAGING; Sino Medical-Device Technology Co., Ltd.; and APOLLO RT Co. Ltd.,
Market Segmentation
Product Outlook
Injector systems
CT injector systems
MRI injector systems
Cardiovascular/angiography injector systems
Consumables
Tubing
Syringe
Others
Injector Type Outlook
Single head
Dual-head
Syringeless
Application Outlook
Radiology
Interventional cardiology
Interventional radiology
End-Use Outlook
Hospitals
Diagnostics centers
Ambulatory surgery centers
Regional Outlook
North America
The U.S.
Canada
Europe
Germany
The U.K.
France
Italy
Spain
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
MEA
South Africa
Saudi Arabia
The Contrast Media Injectors market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Contrast Media Injectors market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Contrast Media Injectors market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Contrast Media Injectors market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Contrast Media Injectors market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Contrast Media Injectors capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Contrast Media Injectors by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Contrast Media Injectors market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Contrast Media Injectors market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Contrast Media Injectors market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Contrast Media Injectors industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Contrast Media Injectors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Contrast Media Injectors market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Contrast Media Injectors market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Contrast Media Injectors market. These factors have benefited the growth of the global market for Contrast Media Injectors. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Contrast Media Injectors. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Contrast Media Injectors are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies
Cross-segment Market Size and Analysis for
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