Contrast Media Injector Market is anticipated to grow at a CAGR of 5.8% from 2019 to 2030.
Market Industry Reports (MIR) has published a new report titled “Contrast Media Injectors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global contrast media injectors market is estimated to be over US$ 1.5 billion in 2019. It is anticipated to grow at a CAGR of 5.8% from 2019 to 2030.
The significant growth of the market can be attributed to the rising government initiative and funds. Moreover, the technological advancements in the contrast injectors from manual injectors having manifolds with stop-cocks to automated versions, providing additional accuracy and several advantages are boosting the contrast media injectors market. Contrast media injectors have wide range of applications including diagnostic and interventional procedures. Major players in this region are focusing on entering into a collaboration, partnership and launching new products to strengthen their foothold in this market. For instance, Bayer launched, Medrad Stellant Flex CT injection system, a user-driven system that requires minimal technologist training and automation.
According to World Health Organization, cancer is the second leading cause of death globally, and is responsible for an estimated 9.6 million deaths in 2018. This burden of cancer can also be reduced through early detection of cancer. Radiology imaging techniques can be used for detection of such cases including Computed Tomography (CT), Magnetic Resonance Imaging (MRI), and Positron Emission Tomography (PET) among others. Rising adoption and use of imaging techniques in detection of chronic disease with the help of contrast media/ Contrast agents in turn is anticipated to drive the growth of the global contrast media injectors.
Moreover, technological advancements in the contrast media injector technology to make it increasing patient safety. For instance, in 2018, Guerbet Group, launched a new multi-patient solution OptiVantage syringe-based injector. OptiVantage is a dual-head contrast delivery injector for X-Ray procedures which is designed to keep pace with increasing CT scanner speeds, while also supporting more complex injection protocols.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Contrast Media Injector Market by Product (Consumables, Injector System and Accessories), Application (Radiology, Interventional Cardiology and Interventional Radiology), End Users (Hospitals and Diagnostic Imaging Centers) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/contrast-media-injector-market/245
However, high cost of contrast media injectors, the dearth of skilled professional to handle these equipment’s and the reluctance to adopt new technology are certain factors which might restrain the market to a certain extent. Moreover, according to some research studies the adverse reaction related to use of some gadolinium-based contrast agents in patients with chronic renal failure might hinder the growth of contrast media injectors market.
Asia Pacific is estimated to account for the highest CAGR in contrast media injectors market over forecast period. Growing geriatric population, rising incidences of chronic disease and rising government initiatives and funding is anticipated to fuel the contrast media injectors market.
Some of the prominent players in the global contrast media injectors market include Bayer AG, Bracco, Guerbet Group, Shenzhen Anke High-tech Co., Ltd., Nemoto Kyorindo Co., Ltd., Takasago Electric, Inc., Shenzhen Seacrown Electromechanical Co,. Ltd., ulrich GmbH & Co. KG, MEDTRON AG and APOLLO RT Co. Ltd., among others.
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