Imaging Agents Market Status (2018-2022) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2023-2030
Report Description
The global Imaging Agents market size was valued at USD 8,907.6 million in 2022, expanding at a CAGR of 5.8% from 2023-2030 to reach 14,008.9 Million USD in 2030.
Market Dynamics
The imaging Agents market is expected to witness substantial growth over the forecast period. Over the course of the analysis period, it is anticipated that the rising incidences of cancer and CVD cases will fuel market demand for imaging agents. For instance, the WHO (World Health Organization) reports that over 9.6 million people died from cancer in 2018, making it the second largest cause of death globally. The American Heart Association estimates that globally, 18.6 million people died from cardiovascular disease in 2019. The burden of cardiovascular and cancer disorders worldwide has increased as a result of rising alcohol and cigarette use. Nearly 22% of all cancer deaths are related to tobacco use. As a result, these factors will increase the demand for imaging procedures and imaging agents, which will be advantageous for the overall market sales of imaging agents.
Imaging tools are used to assess cancer's stages (how far along it is), as well as whether it has spread to blood vessels or essential organs. The majority of cardiac MRI procedures also employ intravenous gadolinium-based contrast agents (GBAs) to improve the visibility of the heart muscle and blood flow. Gadolinium, microbubble, and iodine imaging agents are also needed for a rise in cancer imaging procedures for the thyroid, lung, and breast. As a result, the market revenue for imaging agents will increase due to the rising popularity of using imaging agents to pre-diagnose breast cancer and colorectal cancer.
Regional Insights
The Asia Pacific is estimated to witness the fastest growth in the global market. During the projected period, Asia Pacific is anticipated to develop at the fastest rate due to the region's growing geriatric population and rising demand for cutting-edge imaging technologies. Additionally, it is projected that during the forecasted period, the advanced medical imaging business will rise in tandem with the expanding medical tourism sector in Asian nations. Due to the rapidly growing demand for healthcare services, the availability of skilled healthcare workers, and the availability of advanced healthcare facilities and services at lower costs than in developed nations in North America and Europe, countries like India, China, and Japan are creating growth opportunities.
Segment Dynamics
The Imaging Agents market is fragmented into the type, applications, and modality segments. Based on type, the iodinated Contrast Media segment is anticipated to dominate the market. By application, the oncology segment of the market is projected to grow at the highest rate (CAGR) during the forecast period. By modality, the X-ray segment is expected to hold the majority of the market share.
Competitive Insights
The Imaging Agents market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in May 2022, Lantheus received FDA approval for PYLARIFY. It is a PSMA PET imaging agent for prostate cancer that helps to visualize bone, soft tissue, and lymph node metastases.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Imaging agents by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile,, market price analysis, and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Eurofins Scientific Se (Luxembourg)
- GE Healthcare
- Eli Lily
- Bayer Healthcare Pharmaceuticals
- Alliance Medical
- Bracco Diagnostics, Inc.
- Aytu BioScience, Inc.
- Curium
- Guerbet Group
- Lantheus Medical Imaging, Inc.
- Trivitron Healthcare
- Beijing Beilu Pharmaceutical
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- lodinated Contrast Media
- Gadolinium-based Contrast Media
- Microbubble Contrast Media
- Barium-based Contrast Media
Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Oncology
- Cardiology
- Gastrointestinal
- Neurology
- Others
Modality Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- X-Ray
- Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- Ultrasound
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
TABLE OF CONTENT
1. Imaging Agents Market Overview
1.1. Product Overview and Scope of Imaging Agents
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Imaging Agents Market Size Growth Rate Analysis by Type, 2022 VS 2030
1.3.1. lodinated Contrast Media
1.3.2. Gadolinium-based Contrast Media
1.3.3. Microbubble Contrast Media
1.3.4. Barium-based Contrast Media
1.4. Global Imaging Agents Consumption Comparison by Application: 2022 VS 2030
1.4.1. Oncology
1.4.2. Cardiology
1.4.3. Gastrointestinal
1.4.4. Neurology
1.4.5. Others
1.5. Global Imaging Agents Consumption Comparison by Modality: 2022 VS 2030
1.5.1. X-Ray
1.5.2. Computed Tomography (CT)
1.5.3. Magnetic Resonance Imaging (MRI)
1.5.4. Ultrasound
1.5.5. Others
1.6. Global Imaging Agents Market Size Estimates and Forecasts by Region: 2022 VS 2030
1.6.1. North America Imaging Agents Estimates
1.6.2. Europe Imaging Agents Estimates
1.6.3. China Imaging Agents Estimates
1.6.4. Japan Imaging Agents Estimates
2. Market Competition by Manufacturers
2.1. Global Imaging Agents Revenue Market Share by Manufacturers (2020)
2.2. Imaging Agents Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Imaging Agents Average Price by Manufacturers (2018-2022)
2.4. Manufacturers Imaging Agents Production Sites, Area Served, Product Types
2.5. Imaging Agents Market Competitive Situation and Trends
2.5.1. Imaging Agents Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Imaging Agents Consumption by Region (2018-2022)
3.1. Global Imaging Agents Consumption by Region
3.2. Global Imaging Agents Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Imaging Agents Consumption Growth Rate (2018-2022)
3.2.3. North America Imaging Agents Consumption, Price and Gross Margin (2018-2022)
3.2.4. North America Imaging Agents Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Imaging Agents Consumption Growth Rate (2018-2022)
3.2.7. Europe Imaging Agents Consumption, Price and Gross Margin (2018-2022)
3.2.8. Europe Imaging Agents Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Imaging Agents Consumption Growth Rate (2018-2022)
3.2.11. Asia Pacific Imaging Agents Consumption, Price and Gross Margin (2018-2022)
3.2.12. Asia Pacific Imaging Agents Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Imaging Agents Consumption Growth Rate (2018-2022)
3.2.15. South America Imaging Agents Consumption, Price and Gross Margin (2018-2022)
3.2.16. South America Imaging Agents Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Imaging Agents Consumption Growth Rate (2018-2022)
3.2.19. Middle East and Africa Imaging Agents Consumption, Price and Gross Margin (2018-2022)
3.2.20. Middle East and Africa Imaging Agents Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Imaging Agents Consumption by Type (2018-2022)
4.1. Global Imaging Agents Price by Type (2018-2022)
4.2. Global Imaging Agents Revenue Market Share by Type (2018-2022)
4.2.1. lodinated Contrast Media
4.2.2. Gadolinium-based Contrast Media
4.2.3. Microbubble Contrast Media
4.2.4. Barium-based Contrast Media
5. Global Imaging Agents Consumption by Application (2018-2022)
5.1. Global Imaging Agents Price by Application (2018-2022)
5.2. Global Imaging Agents Revenue Market Share by Application (2018-2022)
5.2.1. Oncology
5.2.2. Cardiology
5.2.3. Gastrointestinal
5.2.4. Neurology
5.2.5. Others
6. Global Imaging Agents Consumption by Modality (2018-2022)
6.1. Global Imaging Agents Price by Modality (2018-2022)
6.2. Global Imaging Agents Revenue Market Share by Modality (2018-2022)
6.2.1. X-Ray
6.2.2. Computed Tomography (CT)
6.2.3. Magnetic Resonance Imaging (MRI)
6.2.4. Ultrasound
6.2.5. Others
7. Key Companies Profiled
7.1. Eurofins Scientific
7.1.1. Eurofins Scientific Imaging Agents Corporation Information
7.1.2. Eurofins Scientific Imaging Agents Product Portfolio
7.1.3. Eurofins Scientific Imaging Agents Consumption, Price and Gross Margin (2018-2022)
7.1.4. Eurofins Scientific Main Business and Markets Served
7.1.5. Eurofins Scientific Recent Developments/Updates
7.2. GE Healthcare
7.3. Eli Lily
7.4. Bayer Healthcare Pharmaceuticals
7.5. Alliance Medical
7.6. Bracco Diagnostics, Inc.
7.7. Aytu BioScience, Inc.
7.8. Curium
7.9. Guerbet Group
7.10. Lantheus Medical Imaging, Inc.
7.11. Trivitron Healthcare
7.12. Beijing Beilu Pharmaceutical
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Imaging Agents Distributors List
8.3. Imaging Agents Customers
9. Market Dynamics
9.1. Imaging Agents Industry Trends
9.2. Imaging Agents Growth Drivers
9.3. Imaging Agents Market Challenges
9.4. Imaging Agents Market Restraints
10. Global Imaging Agents Consumption and Demand Forecast, by Region (2023-2030)
10.1. Global Forecasted Demand Analysis of Imaging Agents, by Regions and Country
10.1.1. North America Forecasted Consumption of Imaging Agents by Country
10.1.2. Europe Market Forecasted Consumption of Imaging Agents by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Imaging Agents by Region
10.1.4. Latin America Forecasted Consumption of Imaging Agents by Country
10.1.5. Middle East and Africa Forecasted Consumption of Imaging Agents by Country
11. Global Imaging Agents Consumption and Demand Forecast, by Type Segments (2023-2030)
11.1. Global Forecasted Consumption of Imaging Agents by Type Segments (2023-2030)
11.2. Global Consumption and Price Forecast by Type Segments (2023-2030)
11.3. Global Forecasted Growth Rate of Imaging Agents by Type Segments (2023-2030)
12. Global Imaging Agents Consumption and Demand Forecast, by Application Segments (2023-2030)
12.1. Global Forecasted Consumption of Imaging Agents by Application Segments (2023-2030)
12.2. Global Consumption and Price Forecast by Application Segments (2023-2030)
12.3. Global Forecasted Growth Rate of Imaging Agents by Application Segments (2023-2030)
13. Global Imaging Agents Consumption and Demand Forecast, by Modality Segments (2023-2030)
13.1. Global Forecasted Consumption of Imaging Agents by Modality Segments (2023-2030)
13.2. Global Consumption and Price Forecast by Modality Segments (2023-2030)
13.3. Global Forecasted Growth Rate of Imaging Agents by Modality Segments (2023-2030)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Type
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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