Contrast Media Injectors Market: Global Industry Analysis, Size and Forecast, 2015 to 2025

Contrast media injectors are devices used for insertion of contrast media prior to diagnostics imaging procedures such as CT and MRI scans for enhancement of the quality of images obtained. Contrast media injectors provide features such as pre-loaded protocols and safety features to avoid extravasations to assist physicians while contrast media insertion. Contrast media injectors minimize the chances of ill-effects such as air emboli formation that can be caused due to improper insertion of contrast media. Contrast media injectors are being implemented significantly as it reduces wastage of contrast media volume.

Global contrast media injectors market is expected to be valued at US$ 1,773.4 Mn by the end of 2025, owing to increasing application in drug discovery segment for drug-cell interaction analysis.

Drivers and Trends

Increasing prevalence of chronic diseases such as cancer and cardiovascular disease, increasing incidence of trauma cases and rising ageing population across the globe are expected to fuel revenue growth of the global contrast media injectors market over the forecast period, owing to increasing demand for early diagnosis of chronic disease to minimize the economic burden incurred on a nation for treatment. Emergence of alternative techniques such as usage of biomarkers for detection of cancer, high costs of contrast media injectors are some of the factors expected to hamper growth of the global contrast media injectors market to a certain extent. Major trends in the contrast media injectors market include increased adoption of automated contrast media injectors especially in hospitals to couple the injectors with hospital information systems (HIS). HIS is a database where medical records of patients are stored. Contrast media injectors can automatically access the patient’s data once it is coupled with HIS, and can adjust the dose accordingly, minimizing the chances of human error.

Analysis by Region

North America is expected to dominate the global contrast media injectors market and is projected to register a CAGR of 6.2% in terms of value over the forecast period. The market in the U.S is expected to dominate the North America contrast media injectors market throughout the forecast period. North America contrast media injectors market accounted for 33.5% revenue share in 2014. Japan market is projected to witness a healthy CAGR of 5.8% during the forecast period. APEJ market is estimated to account for 10.7% revenue share in the global contrast media injectors market in 2015.

Analysis by Product

In terms of volume, CT injectors segment is expected to account for the maximum share in the global contrast media injectors market over the forecast period. MRI injectors segment is expected to register highest CAGR over the forecast period, in terms of volume. CT injectors segment is expected to dominate the global contrast media injectors market, in terms of revenue, owing to high installed base of CT scanners in hospitals across the globe as compared to other diagnostics imaging devices. In terms of volume and value, cardiology injectors segment is expected to register lowest CAGR over the forecast period.

Analysis by End User

On the basis of end user, contrast media injectors market is segmented into hospitals, ambulatory surgical centres and diagnostics centres. In terms of value and volume, diagnostics centres segment is expected to register lowest CAGR by over the forecast period. Hospitals segment revenue growth is majorly driven by increasing installations of imaging modalities in hospitals. Increasing adoption of contrast media injectors among physicians for early diagnosis of chronic disease, especially in the field of oncology and cardiology is fueling revenue growth of the contrast media injectors market.

Competitive Landscape

Key market players covered in this report are Mallinckrodt, Guerbet SA, Bayer AG, Bracco Imaging S.p.A., Ulrich GmbH & Co. KG., Medtron AG and Nemoto Kyorindo Co. Ltd. Major players in contrast media injectors market focus on enhancing their global and regional presence through introduction of novel products and strategic operational expansion. Medrad Inc. (Bayer AG) was the market leader in the global contrast media injectors market in 2014, owing to a broad product portfolio.

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Future Market Insights (FMI) published a comprehensive market research report that assesses the growth parameters of the contrast media injectors market during the period 2015-2025. This report provides a detailed analysis of the growth prospects of the contrast media injectors market based on the historical statistics and the latest industry-validated information. Stakeholders, including manufacturers, distributors, and suppliers, who wish to strategically assess growth dynamics associated with the contrast media injectors market can benefit from the insights present in the market study.

Detailed Analysis of Leading Participants in the Contrast Media Injectors Market

In order to offer the reader with a comprehensive overview of the growth avenues in the contrast media injectors market, analysts at FMI conduct a thorough primary and secondary research on the factors influencing the market growth. Apart from analyzing the key drivers, restraints, and trends associated with the growth of the contrast media injectors market, analysts focus on studying the competitive environment in the market by understanding the profiles of leading companies participating in the market.

The report consists of exclusive information about the leading companies that consolidate the contrast media injectors market. It provides readers with the latest information about the total revenue share and regional presence of manufacturing companies that have established a strong position in the contrast media injectors market. Emerging market players can leverage the information on focus areas and development strategies of these companies while adopting their own for the future. Past and current financial details of leading manufacturers of contrast media injectors include financial indicators, such as net income, operating income, and return on investment capital (%), of each company featured in the report.

Market players, such as manufacturers and distributors, can make correct use of this information to understand the expansion strategies adopted by their competitors. The report also consists of the strategic overview of leading market players and the latest developments, such as mergers, acquisitions, and collaborations, in the contrast media injectors market. In addition, revenue split based on geographical regions and various business areas of each market player featured in the report can help the reader to understand what strategies can help them gain a competitive edge in the contrast media injectors market in the future. The report ensures that new entrants as well as market leaders understand the popular trends and marketing strategies adopted by their competitors in the contrast media injectors market.

Detailed Segmentation Based on Region, Product Type, and End-Users

The report defines the contrast media injectors market in terms of the demand and supply of contrast media injectors, its types, and growth of the end-user markets across the world. Stakeholders including manufacturers and distributors of contrast media injectors can identify the value and volume projections of each type of contrast media injector in various regions. The report also provides a country-wise analysis of the sales of popular types of contrast media injectors across various end-user markets. This can help market players to adopt appropriate strategies and plan the next moves to expand the end-user base across countries in different geographical regions, such as North America, Latin America, Europe, Asia-Pacific region excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).

Systematic segmentation in combination with detailed information about the supply-demand analysis of each type of contrast media injectors provides valuable insights about the future growth prospects of the contrast media injectors market. The information about these segments collected by our analysts through intensive primary research, which is validated to a thorough secondary research. The report provides Year-on-Year (Y-o-Y) growth rate along with the absolute incremental opportunities associated with the market for each type of contrast media injectors in various countries. This can help market players to identify risks as well as opportunities while developing the future business plans. In addition, this information is presented in the most comprehensive way in the market study, which can be easily understood and grasped by the reader in order to make appropriate decisions in the future.