Contrast Media Market

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Contrast Media Market
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In 2022, the contrast media market was worth
around USD 5,231.4 million, and it is projected
to advance at a 4.9 CAGR from 2022 to 2030,
hitting USD 7,647.7 million by 2030, according to
PS Intelligence.Diagnostic imaging procedures,
such as ultrasound, X-ray, and pioneering
modalities, including CT and MRI are turning
progressively common with the growing occurrence
of intricate comorbidities and chronic illnesses.
Furthermore, such modalities are gradually
improving and becoming more exact to diagnose
these circumstances, and contrast media is a main
product that improves image quality. Request for
sample pages of this report https//www.psmarketr
esearch.com/market-analysis/contrast-media-market/
report-sampleThe occurrence of chronic
conditions has surged over the years because of
the increasing deskbound lifestyles of
individuals. Furthermore, there has been a
substantial intake of high-calorie foods and
insufficient physical activity, which are
ultimately contributing to the growth of chronic
diseases.Key players in the market have a ton
of opportunities because of surging RD events in
novel contrast agents and the making of
innovative applications for them.For example,
to change the frequently-used gadolinium-based
imaging agents, Gang Han, PHD., professor of
molecular pharmacology and biochemistry, has got
seed capital from the UMass Technology
Development Fund to examine a safer, novel
biogenic family of contrast agents for magnetic
resonance imaging.
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In 2022, based on modality, the X-ray/CT category
held the largest contrast media market share, at
approximately 50. This can be ascribed to the
growth in the frequency of communicable and
non-communicable diseases in the past few years.
As per the study, there has been a noteworthy
increase in the count of CT scans during the
COVID-19 pandemic.In 2022, based on
application, cardiovascular disorders held the
largest market share, of around 40, credited to
the increasing number of elder populations.
According to a study conducted by the WHO, the
major cause of demise globally is cardiovascular
diseases, which claim 17.9 million lives yearly.
Additionally, the pace at which the aging
populace is increasing is significantly higher
than in the past.In 2022, according to the
regional analysis, North America held the largest
market share, at approximately 45. The count of
inpatient check-ups in the continent is growing,
credited to the deep-rooted healthcare amenities,
complete disease screening programs introduced by
provincial, federal, and state governments, easy
access to leading-edge technology, and rising
requirements for improved management of the
present diseases.Browse full report
at https//www.psmarketresearch.com/market-analys
is/contrast-media-marketAdditionally, the
existence of the key players in the continent is
a vital contributing factor to the market
development.Hence, the contrast media industry
is growing because of the increasing volume of
diagnostic imaging tests for all types of
diseases, and is also projected to grow more in
the future.
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