MRI Contrast Agents Market Growth to be Intensified with a CAGR of ~3% throughout 2022-2030; Increasing Number of MRI Examinations to Drive the Market Growth

Research Nester released a report titled “MRI Contrast Agents Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global MRI contrast agents market in terms of market segmentation by products, indications, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The MRI Contrast Agents Market is projected to grow with a high CAGR during the forecast period, i.e., 2022-2030 on account of the increasing elderly population and the rising prevalence of chronic diseases. According to the World Health Organization, the global cancer burden is calculated to have risen to 18.1 million new cases and 9.6 million deaths in the year 2018.

The market is segmented by product, indications and end user. Based on product, the market is sectioned into iodinated, gadolinium-based, barium-based, and microbubble. Among these segments, the iodinated segment is anticipated to hold the largest share during the forecast period in the MRI contrast agents market as a result of the low toxicity and radio-opacity than the other types of contrast agents.

On the basis of regional analysis, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period ascribing to the need for advanced diagnosis in the region. Moreover, the market in North America is anticipated to hold the largest share attributing to the presence of leading healthcare providers in the region, especially in the United States, who are extensively involved in R&D activities for innovative MRI contrast agents.

Increasing Ageing Population and Growing Number of MRI Examinations to Drive Market Growth

Increasing demand for better diagnostic procedure to detect chronic diseases, and the rise of new technologies are some of the major factors that drive the growth of MRI contrast agents for MRI examinations globally. The growing necessity and demand for modification of imaging technology during surgeries has led to development of unique methods of processing, data acquisition, and display, and the full understanding of the process of imaging and its applications.

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However, the allergic reaction and side effects of MRI contrast agents are estimated to restrain market growth in the near future.

This report also provides the existing competitive scenario of some of the key players of the global MRI contrast agents market which includes company profiling of Trivitron Healthcare, Trivitron Healthcare, General Electric Company, Bayer AG, Lantheus Medical Imaging Inc., Bracco Diagnostic Inc., Daiichi Sankyo Company, Nano Therapeutics Pvt Ltd, Spago Nanomedical AB, Guerbet SA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global MRI contrast agents market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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