Global MRI Contrast Media Agents Market - 2023-2030
The global MRI contrast media agents market reached US$ 2.1 billion in 2022 and is expected to witness lucrative growth by reaching up to US$ 3.5 billion by 2030. The global MRI contrast media agents market is expected to exhibit a CAGR of 6.9% during the forecast period (2023-2030).
The clinical uses of MRI have increased as a result of improvements in MRI technology, including high-field MRI systems, multi-parametric imaging, and functional MRI. Because of these developments, there is now a desire for more potent and specialized contrast media agents that can deliver better image quality and diagnostic precision.
Market Dynamics
FSA Approval For MRI Contrast Media Agents is Boosting the Global MRI Contrast Media Agents Market Growth During the Forecast Period
For instance, in February 2023, the unveiling of a brand-new MRI contrast agent called gadopiclenol that Bracco and Guerbet jointly created took place almost simultaneously. The agents are based on the same molecular structure and offer the possibility of contrast-enhanced MRI scans at half the dose of gadolinium, despite the fact that each business is marketing gadopiclenol under its respective brand names.
The Food and Drug Administration (FDA) has approved gadopiclenol, a novel magnetic resonance imaging (MRI) contrast agent that delivers good relaxivity and a lower gadolinium dose.
Active Key Players Provide Global MRI Contrast Media Agents with Market Growth Opportunities
For instance, in April 2023, GE HealthCare announced the availability of Pixxoscan (gadobutrol), a macrocyclic, non-ionic gadolinium-based contrast agent (GBCA) for magnetic resonance imaging (MRI). With a marketing license in place in Austria and pending approval, Pixxoscan has undergone regulatory decentralized procedure (DCP) evaluation and will be available in other European nations in 2023.
According to a review, it has the same active ingredient and excipient composition in terms of both quality and quantity, as well as the same pharmaceutical form, as the Gadovist reference product.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a significant impact on the MRI contrast media agents market. The epidemic has caused a change in the allocation of resources and healthcare priorities. In order to support patient care and triage linked to COVID-19, imaging resources such as MRI scanners and contrast media agents were reallocated. The availability and application of MRI contrast media agents for non-COVID-19 use may be impacted by this resource reallocation.
Russia-Ukraine Conflict Analysis
The impact of the Russia-Ukraine war on the MRI contrast media agents market is complex and multifaceted. Conflict circumstances may prevent people from using cutting-edge medical equipment, such as MRI scanners. Conflict can restrict the use of MRI contrast media agents in impacted areas if medical facilities or healthcare infrastructure are destroyed or inaccessible.
Segment Analysis
The global MRI contrast media agents market is segmented based on type, product, indication, end-user, and region.
The Superparamagnetic Agent Segment is Holding 42.7% market share in the Market in 2022
The superparamagnetic agents segment accounted for approximately 42.7% of the MRI contrast media agents market share in 2022. When exposed to an external magnetic field, superparamagnetic substances can align with it and quickly demagnetize when the field is withdrawn. Superparamagnetic agents do not show any residual magnetization, in contrast to ferromagnetic materials, which do so even in the absence of an external field. The main purpose of superparamagnetic substances is to improve contrast in MRI scans.
These substances aggregate in certain organs or blood vessels of interest when given intravenously, including the liver, spleen, lymph nodes, and blood arteries. They produce a local magnetic field distortion because of their magnetic characteristics, which changes the relaxation durations of adjacent water protons. The structures or regions holding the contrast agent are now easier to discern in the subsequent MRI images as a result of this modification, which results in a change in signal intensity.
Geographical Analysis
Advancements in MRI Contrast Media Agents Dominate the North American Region
North America is expected to dominate the MRI contrast media agents market, accounting for around 39.4% of this market. Modern medical imaging methods, such as MRI, are widely used throughout North America. In several therapeutic specialties, including neurology, cardiology, cancer, and musculoskeletal imaging, MRI scans are frequently employed. The market for MRI contrast media agents is driven by the rising use of MRI scans in North America. The development of medical imaging technology is leading the way in the region.
The region's research and development efforts are concentrated on creating novel contrast media agents with enhanced imaging characteristics, safety profiles, and targeted targeting abilities. The development of MRI contrast media agents is aided by the presence of top pharmaceutical and medical device businesses in the region.
Competitive Landscape
The major global players in the market include GE Healthcare, Bracco Imaging SPA, Bayer AG, Guerbet, Lantheus Medical Imaging, Unijules Life Sciences, B. Chemicals and Pharmaceuticals Ltd., Sanochemia Pharmazeutika GmbH, Taejoon Pharm, and Jodas Expoim among others.
Why Purchase the Report?
• To visualize the global MRI contrast media agent’s market segmentation based on the product, type, indication, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of MRI contrast media agents market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.
The global MRI contrast media agents market report would provide approximately 69 tables, 66 figures, and 195 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Product
- 3.2. Snippet by Type
- 3.3. Snippet by Indication
- 3.4. Snippet by End-user
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Increasing chronic diseases
- 4.1.2. Restraints
- 4.1.2.1. Adverse reactions to MRI contrast media agents
- 4.1.3. Opportunity
- 4.1.3.1. Technological advancements
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's 5 Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Unmet Needs
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post COVID-19
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During the Pandemic
- 6.5. Manufacturers’ Strategic Initiatives
- 6.6. Conclusion
- 7. Russia-Ukraine War Analysis
- 8. Artificial Intelligence Analysis
- 9. By Product
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.1.2. Market Attractiveness Index, By Product
- 9.2. Paramagnetic Agents*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Superparamagnetic Agents
- 10. By Indication
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Indication
- 10.1.2. Market Attractiveness Index, By Indication
- 10.2. Clinical*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Preclinical
- 11. By Indication
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Indication
- 11.1.2. Market Attractiveness Index, By Indication
- 11.2. Cancer*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Gastrointestinal
- 11.4. Hepatobiliary
- 11.5. Neurological Imaging
- 11.6. Others
- 12. By End-user
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 12.1.2. Market Attractiveness Index, By End-user
- 12.2. Hospitals*
- 12.2.1. Introduction
- 12.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 12.3. Imaging Centers
- 12.4. Other
- 13. By Region
- 13.1. Introduction
- 13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 13.1.2. Market Attractiveness Index, By Region
- 13.2. North America
- 13.2.1. Introduction
- 13.2.2. Key Region-Specific Dynamics
- 13.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 13.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 13.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Indication
- 13.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 13.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.2.7.1. U.S.
- 13.2.7.2. Canada
- 13.2.7.3. Mexico
- 13.3. Europe
- 13.3.1. Introduction
- 13.3.2. Key Region-Specific Dynamics
- 13.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 13.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 13.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Indication
- 13.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 13.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.3.7.1. Germany
- 13.3.7.2. U.K.
- 13.3.7.3. France
- 13.3.7.4. Italy
- 13.3.7.5. Spain
- 13.3.7.6. Rest of Europe
- 13.4. South America
- 13.4.1. Introduction
- 13.4.2. Key Region-Specific Dynamics
- 13.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 13.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 13.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Indication
- 13.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 13.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.4.7.1. Brazil
- 13.4.7.2. Argentina
- 13.4.7.3. Rest of South America
- 13.5. Asia-Pacific
- 13.5.1. Introduction
- 13.5.2. Key Region-Specific Dynamics
- 13.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 13.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 13.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Indication
- 13.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 13.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.5.7.1. China
- 13.5.7.2. India
- 13.5.7.3. Japan
- 13.5.7.4. Australia
- 13.5.7.5. Rest of Asia-Pacific
- 13.6. Middle East and Africa
- 13.6.1. Introduction
- 13.6.2. Key Region-Specific Dynamics
- 13.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 13.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 13.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Indication
- 13.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-user
- 14. Competitive Landscape
- 14.1. Competitive Scenario
- 14.2. Product Benchmarking
- 14.3. Company Share Analysis
- 14.4. Key Developments and Strategies
- 15. Company Profiles
- 15.1. GE Healthcare*
- 15.1.1. Company Overview
- 15.1.2. Product Portfolio and Description
- 15.1.3. Financial Overview
- 15.1.4. Key Developments
- 15.2. Bracco Imaging SPA
- 15.3. Bayer AG
- 15.4. Guerbet
- 15.5. Lantheus Medical Imaging
- 15.6. Unijules Life Sciences
- 15.7. B. Chemicals and Pharmaceuticals Ltd.
- 15.8. SANOCHEMIA Pharmazeutika GmbH
- 15.9. Taejoon Pharm
- 15.10. Jodas Expoim
- LIST NOT EXHAUSTIVE
- 16. Appendix
- 16.1. About Us and Services
- 16.2. Contact Us
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