Contrast Media Market Analysis

Application (Oncology, Neurology, Cardiology)

The global contrast media market is segmented and analyzed for demand and supply by application into oncology, neurology, and cardiology. Out of the three types of contrast media, the cardiology segment is estimated to gain the largest market share of about 45% in the year 2037. The growth of the segment can be attributed to the increasing prevalence of cardiovascular diseases among all age groups in the current times. For instance, according to the World Health Organization (WHO), cardiovascular diseases accounted for 17.9 million deaths every year and this number is expected to rise. According to National Center for biotechnology information (NCBI), an estimated 6 million to 12 million people worldwide are projected to suffer this condition in the U.S. by 2050, and 17.9 million people in Europe by 2060. Further, this increase in cardiovascular ailments also paves the way for novel product launches in the segment. These factors are estimated to contribute to the segment’s growth in the forecast period.

The segment of neurological disorders is also expected to hold a significant share in the forecast period. In magnetic resonance imaging and computed tomography scans, contrast media are often used to detect abnormalities in the brain and spinal cord in the context of neurological disorders. The market for contrast media in neurological disorders is expected to expand in the coming years owing to the increasing prevalence of neurological disorders, such as Alzheimer's Disease (AD) and multiple sclerosis.

Product Type (Iodinated, Gadolinium)

The global market is also segmented and analyzed for demand and supply by product type into iodinated contrast media and gadolinium-based contrast media. Amongst these two segments, the iodinated contrast media segment is expected to garner a significant share in the year 2037. Iodinated contrast media is a type of radiocontrast media containing iodine, which increases the detection of vascular structures and organs in a radiologic procedure. The iodized contrast helps to make diagnoses of illnesses more easily visible, such as cancer. The chemical changes of 2, 4, and 6 tri-iodinated benzene rings are present in the iodinated contrast media currently used. The increased use of iodinated contrast media in radiology and hospitals is expected to contribute to the growth of the segment in the forecast period.

Our in-depth analysis of the global market includes the following segments: