Contrast media are used to enhance quality of medical imaging such as CT, MRI, PET/CT and ultrasound. Their value has long been recognized by radiologists and is well illustrated by their frequent use in radiology departments worldwide. Contrast media injectors (CMI) are devices employed for injecting contrast media into the body to improve the visibility of tissues for a medical imaging procedures. Currently, market players are engaged in developing contrast injectors with enhanced capabilities such as improved patient safety, patient imaging data integration and higher specificity. Other major advances include shorter injection time, higher productivity, ease of operation and reduced radiation exposure to operators thereby ensuring efficient workflow and imaging with accurate results. The market is witnessing significant advances in the design of contrast media injectors shifting from single head injection system to the dual head injection that permit efficient use of contrast media. All these features are expected to provide impressive growth opportunities for the contrast media injectors market. On the other hand, side effects such as extravasations, air embolism and allergic reactions to contrast media might restrain the market growth. Complicated operations of the injectors with integrated technologies may further hamper the market growth.
CT injectors are the fastest growing segment owing to the large installed base of CT machines, low cost associated with scanning as compared to MRI and positron emission tomography (PET) along with a greater patient compliance. MR injectors and angio/vascular injectors constitute other major instrument segments that provide high reliability and accuracy in contrast injection. The uses of X-ray and ultrasound injectors are diminishing owing to the less reliability, complex workflow and technological restriction in imaging as compared to CT, MRI and other advanced techniques.
CT and MRI scanning procedures with contrast have increased in the past few years. The ability of CMI to control media flow and bolus chasing has added significant improvement in radiographic images. The most common indications for contrast-enhanced imaging include neurological, oncological, gastrointestinal and musculoskeletal diseases. The rising incidence of life threatening diseases, trauma and complex fractures has increased the use of these scanning techniques to investigate doubtful clinical manifestations. Presently, CT and MRI scanning find numerous applications in most of the neurological disorders. Neuroimaging (CT, MRI and others) with contrast are best suited for neurological investigations such as brain injuries, intracranial hemorrhage, tumor and acute neurological changes. A study on neuroimaging in brain injury published in NeuroRX estimated that around 1.6 million head injuries occur in the U.S. each year and medical imaging is required in 48% (moderate to severe) of these cases.
Geographical landscape elucidates the market trends for North America, Europe, Asia-Pacific and Rest of the World (RoW). North America and Europe dominated the contrast media injectors market in 2013 accounting for around more than 60% of the total market. The dominance of North America and Europe can be attributed to the high adoption of contrast media injectors (CMI) in radiology procedures by hospitals and clinicians as compared to other regions. These regions continue to dominate the market due to the high prevalence of cardiovascular and neurological disorders. According to the Heart Foundation in the U.S., an estimated 80 million people in the U.S. have one or more types of heart disease. Additionally, large numbers of traumatic and non-traumatic injuries helped the market grow consistently in the recent past.
Asia Pacific is expected to show significant growth, accounting for approximately 25% of the total market in 2020. The contrast media injectors market in Asia Pacific is highly competitive and dominated by only a few market players such as Nemoto Kyorindo Co., Ltd. The market is expected to grow at a CAGR of 6.5% through 2020. Growth in the region is anticipated primarily due to economic growth in the region, which has led to increased disposable income and consequently, increased affordability of sophisticated imaging technology. Moreover, a large population base and growing geriatric population that is more prone to cardiovascular and certain neurological disorders would lead to a large potential patient base. Countries such as China, India and Australia exhibit significant growth prospect in terms of rapid increase in the installation of medical imaging equipment and procedures. According to the China Association of Medical Equipment, 11,242 CT units were operational in 2010 compared to 10,101 CT units in 2009. In 2010, around 1,141 CT units were sold in China; of those, 262 units were refurbished CT machines. With a population of more than 1.3 billion individuals and the existence of over 18,000 hospitals, the medical imaging market in China is expected to grow exponentially in the next few years.
The global market for contrast media injectors market was valued at USD 630.1 million in the year 2013 and it is anticipated to reach USD 886.7million by 2020, growing at a CAGR of 5.0% from 2014 to 2020. The overall contrast media injectors market is consolidated characterized by the presence of few established players accounting for more than 70% of the total market share. Bracco Imaging S.p.A., Mallinckrodt Pharmaceuticals, Medrad, Inc. ulrich Medical GmbH, VIVID IMAGING, Medtron AG and Nemoto Kyorindo are some of the key players operating in this market.
Contrast media injectors are systems that inject contrast media into the body in order to enhance the quality of medical imaging procedures such as MRI, CT, ultrasound, and PET/CT. The rapid advancement in medical technology has allowed contrast media injectors to transform from manual to automated power injectors that are both safe and sophisticated. Contrast media injectors with pre-programmed multi-detector protocols are the latest trend in the market and cover basic medical requirements such as volume and rate of injection, contrast parameters, and type of organ being imaged.
The report studies the global contrast media injectors market on the basis of products and applications. By product, the market is segmented into MRI injectors, CT injectors, and angio/vascular injectors. In terms of application, the report analyzes three main uses: cardiology, neurology, and oncology.
With the help of the latest research and market intelligence tools, the report offers a 360-degree overview of the contrast media injectors market, together with strategic recommendations from industry experts.
Overview of the Contrast Media Injectors Market
The global market for contrast media injectors is primarily driven by the persistent rise in imaging procedures such as MRI and CT, which result in growing demand for efficient contrast media injectors. Increasing awareness regarding pre-diagnosis of disorders, leading to increased imaging procedures, has also fueled the growth of the contrast media injectors market.
In contrast, high cost of advanced technology and adverse reactions associated with contrast media injectors are likely to impede the development of the global market.
Europe and North America lead the global contrast media injectors market and together account for a share of over 60% of the total market. Owing to the increasing prevalence of cardiovascular and neurological disorders in these two regions, North America and Europe are likely to retain their lead till the end of the forecast period. Asia Pacific, on the other hand, has exhibited immense potential for growth over the coming years, thanks to the development of medical tourism and the healthcare sector in countries such as China, India, and Australia.
As per the findings of the report, the global contrast media injectors market is projected to be worth US$886.7 million by 2020, growing at a 5.0% CAGR from a value of US$630.1 million in 2013.
Companies Mentioned in the Report
The vendor landscape of the contrast media injectors market is immensely consolidated in nature and a handful of established companies hold over 70% of the total market. The noteworthy players operating in the global contrast media injectors market are VIVID IMAGING Technologies, ulrich Medical GmbH & Co. KG, Medrad, Inc., Guerbet Group, Mallinckrodt Pharmaceuticals, Bracco Imaging S.p.A., Nemoto Kyorindo Co., Ltd., and MEDTRON AG.
Contrast Media Injectors Market, by Type
- MR injectors
- CT injectors
- Vascular injectors
Contrast Media Injectors Market, by Application
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments