Factors such as the growing prevalence of cancer and CVD; a large number of approvals for contrast agents; and increasing investments, funds, and grants by government organizations are driving the growth of the contrast media injectors market. However, the high cost of contrast media injectors and consumables & accessories is restraining the growth of the market to a certain extent.
The report Contrast Media Injectors Market size is
estimated to be USD 1.3 billion in 2020 and projected to reach USD 1.9
billion by 2025, at a CAGR of 7.4% between 2020 and 2025
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The consumables segment accounted for the largest share of the
contrast media injection market, by type, in 2019.
Based on the product, the contrast media injectors market is
segmented into injector systems, consumables, and accessories. The injector
systems market is segmented further into CT injectors, MRI injectors,
Angiography injectors. The consumables segment is segmented further into
syringes, tubes, other consumables. In 2019, the consumables segment accounted
for the largest share of the contrast media injectors market. The large share
of this segment can be attributed to the growing requirement of consumables to
maintain safety and hygienic conditions during diagnostic procedures. These
consumables need to be re-purchased for every new procedure, as opposed to
instruments, thus driving its demand.
The interventional cardiology segment to register the highest
CAGR in the contrast media injector market during the forecast period.
Based on application, the contrast media injectors market is
segmented into radiology, interventional radiology, and interventional
cardiology. In 2019, the interventional cardiology segment had the highest
growth rate of the contrast media injectors market. The rising prevalence of
CVD is driving the growth of this application segment.
The hospital segment will continue to dominate the contrast
media injector end-user market during the forecast period
Based on end-user, the contrast media injectors market is
segmented into hospitals and diagnostic imaging centers. The hospital segment
commanded the highest growth rate of the global contrast media injectors market
in 2019. The high growth rate of this segment can be attributed to the rising
number of diagnostic imaging procedures performed in hospitals and the growing
inclination of hospitals towards the automation & digitization of radiology
patient workflow.
North America will continue to dominate the contrast media
injector market during the forecast period
Geographically, North America dominated the contrast media
injector market in 2019, while Asia Pacific is expected to register the highest
CAGR during the forecast period. The large share of North America is attributed
to the increasing number of diagnostic imaging units & examinations, rising
aging population & corresponding disease conditions in the US, significant
focus & government investments in the medical imaging arena, and increasing
research activities in Canada.
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Top Key Players:-
Major players operating in the Contrast Media Injector market
include Bayer Ag (Germany), Bracco Imaging S.P.A (Italy), Guerbet Group
(France), Ulrich GmbH & Co. KG (Germany), Nemoto Kyorindo Co., Ltd.
(Japan), Sino Medical-Device Technology Co., Ltd. (Sinomdt) (China),
APOLLO RT Co. Ltd. (Hongkong), Shenzhen Anke High-Tech Co. Ltd. (China),
Shenzen Seacrown Electromechanical Co. Ltd. (China), and Medtron AG (Germany).
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