Global Medical Imaging Reagents Market 2017-2021

Medical imaging reagents industry analysis

Various advanced imaging technologies such as CT, MRI, and PET are extensively used in the process of diagnostic imaging. Also, the wide applications of diagnostic imaging modalities and increasing availability of advanced medical imaging technologies will enhance the accessibility to these medical imaging procedures. Technavio’s market research report identifies that the increasing number of medical imaging procedures will be one of the primary growth drivers for the global medical imaging reagents market till 2021.

In addition, the increasing number of radiologists and rising focus on the prevention, and early diagnosis of diseases will drive the number of medical imaging procedures such as MRI and CT exams in hospitals and ASCs across many countries. According to the studies, it has been observed that approximately 300 million to 500 million medical imaging procedures are carried out in the US every year. Also, the majority of these exams use imaging reagents. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 9% by 2021.

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Medical imaging reagents market trends

The heavy investments in the development of nanotechnology-based imaging reagents are identified as one of the key trends that will gain traction in the global medical imaging reagents market during the forecasted period. These contrast reagents are gaining popularity as they can overcome drawbacks such as lack of tissue specificity and systemic toxicity. Also, the introduction of nanotechnology improves the sensitivity, biocompatibility, and biodistribution profile of many contrast materials.

Medical imaging reagents market key players

The medical imaging reagents market is highly concentrated due to the presence of a few established key vendors. Vendors of the medical imaging technology market are increasingly competing against each other based on factors such as price, research, and developmental activities, quality parameters such as efficacy, reliability, and safety, product portfolio, regulatory approvals, and distribution networks. These key players offer a broad range of products, have substantial financial, manufacturing, sales, marketing, and distribution resources, make significant investments in R&D, and have a stronger geographical presence.

Key vendors in the medical imaging reagents market

• Bayer
• Bracco Diagnostics
• GE Healthcare
• Guerbet Group
• Lantheus Medical Imaging

Medical imaging reagents market segmentation by product type

• Contrast reagents
• Nuclear imaging reagents

Contrast reagents are extensively used in the healthcare industry to improve the clarity of the /images of the tissues, organs, and physiologic processes produced by modalities such as X-ray, CT, MRI, and ultrasound. The increasing incidence of CVD and cancer and rising investments in research and developmental activities will boost the adoption of contrast reagents or contrast media or contrast materials. The medical imaging reagents market will continue to witness growth in the contrast reagents segment during the next few and this will mainly attribute to the growing inclination towards the adoption of personalized diagnostic procedures.

Medical imaging reagents market regions

• Americas
• APAC
• EMEA

Medical imaging reagents are witnessing considerable demand in the Americas due to the availability of developed healthcare infrastructures. The rising expenditure on healthcare will further boost the application of medical imaging reagents in the region. Additionally, the availability of favorable reimbursements for diagnostic non-laboratory tests such as CT scans, MRI scans, and X-ray scans will also boost the growth of the medical imaging reagents market in this region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global medical imaging reagents market?
• What are the key market trends impacting the growth of the global medical imaging reagents market?
• What are the challenges to market growth?
• Who are the key vendors in the global medical imaging reagents market?
• What are the market opportunities and threats faced by the vendors in the global medical imaging reagents market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global medical imaging reagents market?

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