Comparative Analysis of the Contrast Media Market Size [2023-2030]

Contrast media injectors inject contrast media or agents into tissues to improve perfusion and blood flow. Injectors are used to reduce waste, allowing for greater patient safety. According to the study, approximately 70% of cath labs still use manual contrast injection systems to draw blood from patients, but advanced technology injectors reduce up to 40% of the contrast used in most procedures, lowering the risk of contrast-induced nephropathy (C.I.N.). Using advanced technology contract media injectors for C.T., M.R.I., and angiography with replaceable and reusable syringes allows for the most efficient use of contrast media.

In 2021, the market value of contrast media injectors was worth USD 2.15 billion, and by 2030 it will reach USD 6.68 billion, growing at a 7.5% CAGR during the forecast period.

The sharp rise in cancer incidence drives the market for contrast media injectors. For instance, the International Agency for Research on Cancer (IARC) estimates that there were 9.5 million cancer deaths and 17.0 million new cases of cancer worldwide in 2018. Due to the rising frequency of risk factors like smoking, poor food, physical inactivity, and fewer pregnancies in economically developing nations, the global market will likely grow in the future.

Market Trends

One of the major drivers driving the market’s expansion is the rise in popularity of minimally invasive (MI) medical procedures, which have a number of advantages, including smaller incisions, less postoperative pain, quicker recovery, and shorter hospital stays.

Moreover, automated CM injectors are being used more frequently in cardiac imaging to increase image quality and ensure patient safety. Also, top players are concentrating on providing patients with customized CM doses utilizing data from an electronic medical record (E.M.R.) or a picture archiving and communication system (PACS).

Diseases like breast, lung, colon, rectum, and prostate cancer are extremely prevalent worldwide. This will result in a good outlook for the market in the coming years, along with an increase in the number of regulatory approvals of contrast agents and the major expansion of the healthcare sector.

However, the high expense of contrast media injectors restrains the overall market expansion.

Market Opportunity 

Manufacturers are constantly working to develop new software to analyze real-time data to gain information on flow rate, injection pressure, type of contrast media, and injection speed. All this information eventually helps minimize the risk of error and enhance efficiency. Moreover, as per a report by CDC, the frequency of cardiovascular breakdown is expanding in the U.S., and it is one of the main sources of death in the country. In 2020, around 659,000 individuals passed on because of cardiovascular illnesses in the U.S. In addition, by 2030, the quantity of individuals with heart sicknesses is assessed to increment by 46.0%. By and large, passings because of these infections can be kept away from whenever analyzed at a beginning phase. Thus, the rising predominance of long haul illnesses and complex co-morbidities are the significant drivers as it is prompting the development popular for contrast media injectors. For example, in November 2020, GE Medical services got the U.S. FDA’s endorsement for X-ray contrast specialist Claris can in prefilled needles. This endorsement helped the organization to extend its item portfolio. Besides, in December 2019, Bayer got the U.S. FDA’s endorsement for extended utilization of MEDRAD Stellant Flex CT infusion framework interestingly improved mammography. This endorsement assisted the organization with further developing its item contributions in bosom imaging, as would be considered normal to help the market development.  

Market Segmentation 

By Product

On the basis of product, the market is segmented into injector systems, consumables, and accessories.

In 2021, the injector systems led the entire market with the largest revenue share of 61.33%. During M.R.I., CT, and angiogram imaging procedures, contrast media are injected into the bloodstream of patients for enhanced imaging of the contrast of fluids or structures within the body. Examples of contrast media injector systems include M.R.I. injector systems, C.T. injector systems, and cardiovascular/angiography injector systems. Amon all, the C.T. injector segment contributes to the largest market share.

It is mainly due to its use in diagnosing and treating vascular disease, orthopedic injuries, and cancer. Furthermore, new product development and technological developments will boost the market’s overall growth rate. The U.S. overwhelmed the market with the most noteworthy income portion of 83.60% in 2021. An expansion in the commonness of a few constant sicknesses, including heart, neurological, and muscular problems, is projected to impel the market. As per the Places for Infectious prevention and Counteraction, in 2020, roughly 5.8 million people in the U.S. were experiencing Alzheimer’s sickness, and this number is assessed to reach almost 14.0 million by 2060. Contrast media injectors give high exactness, accuracy, and improved results during surgeries. Consequently, the developing commonness of ongoing illnesses is supposed to help the quantity of surgeries, which is expected to push the interest for contrast media injectors in the U.S.

Application Insights

On the basis of application, the market is segment into interventional radiology, radiology, and interventional cardiology.

In 2021, the radiology segment held the majority of the market, with a revenue share of nearly 47.39%. In radiology, noninvasive imaging techniques like C.T. and M.R.I. scans produce detailed images. Whereas M.R.I. technology uses a magnetic field to make images inside a patient’s body, C.T. scanning uses X-ray equipment to construct a structure of cross-sectional images of the body to identify the origins of a medical illness, particularly in soft tissues. Moreover, a developing number of endorsements for contrast media injectors by administrative bodies, like the U.S. FDA and the EU, is anticipated to add to the market development effectively. Driving producers are making significant interests in the improvement of top of the line frameworks to take care of the neglected requirements of their clients. These organizations send off cutting edge frameworks, which can give high precision, productivity, and unwavering quality to medical care experts.  

End-User Insights

In terms of end-user, the market is segment into diagnostic imaging centers and hospitals.

The hospital sector led the entire market with 68.07% of the revenue share in 2021. It is due to an increase in patients being admit with neurological disorders, cardiovascular diseases, and cancer. Due to its numerous uses in radiology, interventional radiology, and interventional cardiology, hospitals are the main consumers of contrast media injectors. The market will grow as a result of increase attention being paid to the construction of healthcare infrastructure in developing nations in Asia, the Pacific, and Africa. Likewise, key benefits presented by negligibly intrusive medical procedures incorporate quick recuperation, more modest entry points, okay of diseases, diminished scarring, insignificant loss of blood during the methodology, and more limited clinic stays. These advantages are expected to help the market during the estimate time frame. Moreover, negligibly obtrusive systems directed with contrast media injectors give ongoing imaging and top caliber, for careful or symptomatic strategies, which can set out huge open doors for the specialists to carry out the surgeries in the suitable region, expanding the general market.  

Regional Analysis 

In 2021, North America ruled the market and generated more than 38.75% of worldwide revenue. The region’s established healthcare facilities, easy access to cutting-edge technology. And strong demand for diagnostic procedures will increase inpatient examinations, which will spur market expansion. Also, due to the high prevalence of catastrophic accidents. And chronic medical conditions, nations like the U.S. and Canada have seen an increase in hospital admissions in recent years. According to the C.D.C., chronic disease is the main cause of disability and mortality. Quick mechanical progressions, an ascent in medical services consumption, alongside progress in the nature of patient consideration are a portion of the central point adding to the worldwide lift popular for negligibly obtrusive medical procedures. Contrast media injectors can help specialists in precisely embedding a difference specialist to diminish human blunders and increment the exactness and proficiency of the surgery. Contrast media injectors assume a pivotal part in intraoperative interventional radiology and interventional cardiology. The accessibility of cutting edge injector frameworks for determination and intraoperative imaging is probably going to push their reception.  

Key Players 

  • Guerbet Group
  • G.E. Company
  • Bayer Ag
  • Nemoto Kyorindo Co., Ltd
  • Bracco Imaging S.P.A.
  • APOLLO RT Co. Ltd.
  • Ulrich GmbH & Co. K.G.
  • Sino Medical-Device Technology Co., Ltd.
  • Shenzhen Anke High-tech Co. Ltd
  • Medtron AG RT Co. Ltd.
  • Shenzen Seacrown Electromechanical Co Ltd.

In 2021, the market value of contrast media injectors was worth USD 2.15 billion. And by 2030 it will reach USD 6.68 billion, growing at a 7.5% CAGR during the forecast period. The major factor driving the market’s expansion is the rise in popularity of minimally invasive (MI) medical procedures. Which have a number of advantages, including smaller incisions, less postoperative pain, quicker recovery, and shorter hospital stays.   Not with standing, most nations all through the world have started to diminish security guidelines and resume specific elective medicines, showing that the market will keep on creating during the projection time frame. Furthermore, associations are acquiring information in their start to finish supply chains to decrease item costs and work on the quality and administrations related with contrast media injectors. Such functional thoughts assist associations with setting aside cash by killing outsider costs. These qualities are projected to create rewarding business sector development possibilities.

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