Global Contrast Media Injectors Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s contrast media injectors market report forecasts the contrast media injectors market size to grow to $2.13 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.
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Contrast Media Injectors Market Size Forecast
The global contrast media injectors market is expected to grow from $1.49 billion in 2022 to $1.60 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global contrast media injectors market size is expected to reach $2.13 billion in 2027 at a CAGR of 7.4%.
North America held the largest contrast media injectors market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Contrast Media Injectors Market Driver – Increase In Cancer And Cardiovascular Disease
According to The American Cancer Society, a US-based voluntary health organisation dedicated to cancer eradication, in February 2022, 1,806,590 new cancer cases and 606,520 cancer-related deaths are expected in the United States, which is 4,950 new cases and more than 1,600 fatalities daily. Furthermore, the National Heart, Lung, and Blood Institute, a National Institutes of Health Institute based in the United States, provides training and education programmes to promote the prevention and treatment of heart, lung, and blood diseases. According to the National Heart, Lung, and Blood Institute, from March to August 2020, 76,767 people died from cardiovascular disease, which affects the blood arteries that support the brain and related systems, and 339,076 people died from heart disease. As a result, rising cancer and cardiovascular disease (CVD) rates are propelling the contrast media injectors industry forward.
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Key Contrast Media Injectors Market Trend – Strategic Partnerships
Major players in the contrast media injectors industry are forging alliances to create a new sort of cooperation in which two or more organisations have similar product developments. Qaelum NV, a Belgium-based advanced dosage and contrast management software solutions company, for example, teamed with Ulrich GmbH & Company KG., a France-based manufacturer and distributor of surgical tools, in December 2022. With this collaboration, the firms hope to integrate their superior contrast management technology with Ulrich Medical’s contrast media injectors to meet the demands of hospitals and imaging networks. Furthermore, Bracco Group, an Italian healthcare company, established a cooperation with Guerbet, a French manufacturer of contrast agents, in December 2021. The goal of this collaboration is to develop Gadopiclenol, a next-generation magnetic resonance imaging (MRI) contrast agent, as well as to expand knowledge and examine untapped areas of research in quest of an agent that would allow for early detection and major health benefits.
Contrast Media Injectors Market Segment
1) By Product: Consumables, Injector Systems, Accessories
2) By Type of Injectors: Single Head Injectors, Dual-Head Injectors, Syringe less Injectors
3) By Application: Radiology, Interventional Cardiology, Interventional Radiology
4) By End-user: Hospitals, Diagnostics Centers, Ambulatory Surgery Centers
Contrast Media Injectors Market Major Players and Strategies
Major players in the contrast media injectors market are Bracco Group, Bayer AG, Medtron AG, Ulrich GmbH And Co. KG, GE Healthcare (GE Company), Nemoto Kyorindo Co. Ltd., Guerbet Group, Sino Medical-Device Technology Co. Ltd, Apollo RT Co.Ltd, Shenzhen Anke High-tech Co. Ltd, Shenzhen Seacrown Electromechanical Co. Ltd, Hilin Life Products Inc., Sanofi S.A, Novartis AG, Vivid Imaging, AngioDynamics, and Taejoon Pharmaceutical Co. Ltd.
GE HealthCare Technologies Inc., a US-based manufacturing company, will collaborate with Ulrich GmbH & Co. KG in November 2022. GE HealthCare Technologies Inc. hopes to enhance sales of CT motion injectors and offer multi-dose contrast media injectors in the United States as a result of this collaboration. Ulrich GmbH & Co. KGaA, based in France, develops, manufactures, and markets spinal systems and contrast medium injectors.
The Contrast Media Injectors Global Market Report 2023 covers regional data on contrast media injectors market size, contrast media injectors market trends and drivers, opportunities, strategies, and contrast media injectors market competitor analysis. The countries covered in the contrast media injectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Contrast media injectors are medical devices that are used to inject contrast media into the body in order to improve tissue visibility during medical imaging examinations. During surgical procedures, it gives excellent accuracy, precision, and improved outcomes.
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