This industry research report from Technavio segments the global contrast media injector market by product type (CT injectors, MR injectors, and angiography injectors) and by geography (APAC, EMEA, and the Americas). The key leading vendors in this market are Bayer, Bracco, Mallinckrodt, Nemoto Kyorindo and Ulrich medical.
Technavio’s market research analysts estimate the global contrast media injector market to grow at a CAGR of more than 5% between 2015 and 2019, thanks to the growing incidence of chronic diseases like cardiovascular diseases, obesity, and joint pains The Americas is the major contributor to the contrast media injector market and is expected to generate around US $ 349 million by 2019. The region dominates the global market due to the augmented use of contrast media injectors in medical imaging and radiology procedures, especially in North America.
The new market research report from Technavio provides a breakdown and analysis of the contrast media injector segments by products.
As per the market forecast, the CT injectors segment will account for more than 50% of the total market share in 2019 due to its ability to help in 3D visual reconstruction by using contrast media injectors. These injectors are non-invasive and are popularly used due to the widespread availability of CT scanners.
Segmentation of global contrast media injector market by product type
Source: Technavio Research
“Implementation of IT-enabled contrast media injectors has boosted growth in the imaging techniques segment such as MR, CT, and angiography. Integration of IT-enabled systems in the hospitals and medical community centers are improving the quality of treatment for patients through early diagnosis. Technological advancements such as syringeless contrast media injectors and radio-frequency identification have reduced the risk of infections in the diagnosis,” says Imran Mushtaq, Lead Analyst, Healthcare, Technavio Resaerch.
The key vendors in the global contrast media injectors market include Bayer, Bracco, Mallinckrodt, Nemoto Kyorindo and Ulrich medical. Intense competition and declining profit margins pose a significant threat to the vendors’ operations in this market. To survive in this environment, companies are distinguishing their products and service offerings through a clear and unique value proposition.
A more detailed analysis is available in the Technavio report, Contrast Media Injector Market – Global market research 2015-2019.
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