Increasing demand for syringe less injectors coupled with high investments in R&D of contrast media injectors are fueling the market growth.
Market Size – USD 1.72 Billion in
2018, Market Growth - CAGR of 5.7%, Market Trends – Increase in demand for contrast
media injectors in the hospitals and ambulatory surgical center globally.
The Global Contrast Media
Injectors Market is forecast to reach USD 2.86
Billion by 2027, according to a new report by Reports and Data. A contrast
agent or medium is used in medical imaging systems to enhance the contrast of
the structures or the fluids inside the body and improve the visibility of the
blood vessels or the gastrointestinal tracts. Contrast agents absorb and alter
the external electromagnetism, which then emits radiations themselves. Contrast
media injectors or the power injectors in medical imaging and interventional
radiology ensure optimization in the opacity as well as the delineation of
normal, arterial, and venous anatomy and abnormal lesions. An increased
awareness about healthcare & wellness, changing treatment patterns,
government supports, and escalating volumes of implementation of the contrast
media injectors in various radiology departments of the healthcare centers are
expected to accelerate the further rapid growth of this market.
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The North American market is
forecasted to grow with a CAGR of 5.7% during the forecast period, owing to its
extensive investments in healthcare sectors, coupled with the increasing
geriatric cardiovascular diseases and extensive demand for contrast media
injectors in the radiology departments in all the hospitals and ambulatory
surgery centers. Asia Pacific, with its advancements in the healthcare industry
and escalating volumes of patients with cardiac disorders & cancers in
China and India; is likely to achieve a significant market share. China and
India are some of the fastest-growing markets, while the United States, Japan,
and Germany hold some of the most prominent players in the market.
Further key findings from the report suggest
·
Online retailing supply of the
surgical instruments and devices has been trendy in the emerging nations like
China and India mainly. Online retailers can offer reduced prices compared to
the medical stores and offline vendors due to the non-involvement of the
distributor chains in the business process. This sub-segment is expected to
grow at a CAGR of 7.3% during the forecast period.
·
Injector systems consist of the
injectors compatible with various medical imaging systems such as, computed
tomography (CT), magnetic resonance imaging (MRI), angiography, and others.
This sub-segment had the highest market share and is expected to grow at a CAGR
of 4.8% throughout the forecast period, although a higher growth rate has been
measured for the consumable accessories due to increasing and non-repeated
usage.
·
The growing prevalence of
cardiovascular diseases and minimally invasive cardiac procedures coupled with
increasing use of contrast media injectors in the interventional cardiology
imaging are the reasons behind the growth of this sub-segment. Interventional
cardiology is expected to grow at a CAGR of 21.5% during the period 2019 to
2027.
·
Ambulatory surgery centers are modern
kind of healthcare facility centers, which are focused on providing immediate
surgical care and releasing the patients right after the surgery. The
ambulatory surgery centers have a more convenient outpatient procedure
alternative to the hospitals based inpatient systems, maintaining a strong
track record of quality care. Ambulatory surgery centers, incorporating all the
required and modern contrast media injectors, are expected to grow fastest at a
rate of 9.0% throughout the forecast period.
·
Key participants include Medtron AG,
Bracco Imaging S.P.A, Guerbet Group, Sino Medical Device Technology Co., Ltd.,
Ulrich Medical, APOLLO RT Co. Ltd., VIVID IMAGING, Guerbet Group, Bracco
Imaging S.P.A, and Shenzhen Seacrown Electromechanical Co. Ltd among others.
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For the purpose of this report, Reports and Data have segmented
the global contrast media injectors market on the basis of injectors type,
sales channel, product, application, end-users, and region:
Injectors Type Outlook (Revenue, USD
Billion; 2016-2027)
·
Single Syringe Injectors
·
Dual Syringe Injectors
·
Syringe less Injectors
Sales Channel Outlook (Revenue, USD
Billion; 2016-2027)
·
Online Retailing
·
Medical Stores & Brand Outlet
Product Outlook (Revenue, USD
Billion; 2016-2027)
·
Injector Systems
·
Consumable Accessories
Application Outlook (Revenue, USD
Billion; 2016-2027)
·
Interventional Cardiology
·
Interventional Radiology
·
Radiology
End-Users Outlook (Revenue, USD
Billion; 2016-2027)
·
Hospitals
·
Clinics & Diagnostic Centers
·
Ambulatory Surgical Center
·
Others
Regional Outlook (Revenue, USD
Billion; 2016-2027)
·
North America
o
U.S
·
Europe
o
UK
o
France
·
Asia Pacific
o
China
o
India
o
Japan
·
MEA
·
Latin America
o
Brazil
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Key Features of the Contrast Media
Injectors Market Report:
·
The
report encompasses details about the key companies, product portfolio along
with specifications, production valuation, and market shares
·
Extensive
study of key segments and sub-segments of the Contrast Media Injectors market
·
Evaluation
of key current and emerging market trends and growth prospects
·
Brief
overview of industry with regards to research and development, technological
advancements, and product development
·
In-depth
assessment of upstream raw materials, downstream buyers, demands, and current
market scenario
·
Analysis
of key drivers, restraints, opportunities, growth prospects, limitations, and
threats
·
Strategic
recommendation to key players and new entrants to overcome entry-level barriers
in the Contrast Media Injectors market over the forecast period
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Contrast Media Injectors Market Segmentation &
Impact Analysis
4.1. Contrast Media Injectors
Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market
indicators analysis
4.2.2. Market
drivers analysis
4.2.2.1. Extensive rise in the number of chronic diseases
4.2.2.2. Technological advancements in contrast media injectors
4.2.2.3. Rising geriatric cardiovascular patients worldwide
4.2.2.4. Impressive improvements in the healthcare sectors in the
emerging nations of Asia Pacific
4.2.3. Market
restraints analysis
4.2.3.1. High purchasing and maintenance cost
4.2.3.2. Lack of skilled personnel and regulatory framework
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space
Analysis
4.8. Price trend Analysis
Chapter 5. Contrast Media Injectors Market By Injectors Type
Insights & Trends
Continued….
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