Contrast Media Market Insights, Leading Players and Forecast Report, 2030

NEW YORK - March 14, 2024 - PRLog -- In 2022, the contrast media market had an estimated value of approximately USD 5,231.4 million. It is expected to experience a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030, reaching a projected value of USD 7,647.7 million by the year 2030.

The prevalence of complex comorbidities and chronic illnesses has led to an increasing prevalence of diagnostic imaging procedures, including ultrasound, X-ray, and advanced modalities such as CT and MRI. These modalities are continually advancing, becoming more precise in diagnosing conditions, with contrast media playing a crucial role in enhancing image quality.

The rise in chronic conditions can be attributed to the sedentary lifestyles of individuals, marked by prolonged periods of inactivity. Additionally, the substantial consumption of high-calorie foods coupled with insufficient physical activity has further fueled the growth of chronic diseases over the years.

Key players in the market have a ton of opportunities because of surging R&D events in novel contrast agents and the making of innovative applications for them.

Browse detailed report analysis on Global Contrast Media Market Growth and Demand Forecast to 2030 (https://www.psmarketresearch.com/market-analysis/contrast...)

In 2022, according to the regional analysis, North America held the largest market share, at approximately 45%. The count of inpatient check-ups in the continent is growing, credited to the deep-rooted healthcare amenities, complete disease screening programs introduced by provincial, federal, and state governments, easy access to leading-edge technology, and rising requirements for improved management of the present diseases.

Additionally, the existence of the key players in the continent is a vital contributing factor to the market development.

Hence, the contrast media industry is growing because of the increasing volume of diagnostic imaging tests for all types of diseases, and is also projected to grow more in the future.