Microbubbles are small gas-filled micro-sized bubbles that are encapsulated in a stabilizing shell and have the ability to reflect ultrasound waves. Microbubbles are administered intravenously, and they circulate in the blood in the same manner as red blood cells. Ultrasound pulses are applied to gas bubbles with general frequency and the bubbles may decrease or increase in diameter, creating strong echo from area of perfused tissue. The difference in soft tissue surrounding and echogenicity between gases is immense. Thus, ultrasonic diagnosis using microbubble contrast agents improves the ultrasound reflection or backscattering of the ultrasound waves, producing a unique echocardiogram with enhanced contrast.
The global microbubbles/ultrasound contrast agents market can be segmented on the basis of disease area, application, and geography. On the basis disease area, the global microbubbles/ultrasound contrast agents market can be divided into cardiovascular diseases, renal diseases, and others. The cardiovascular diseases segment is expected to grow at a significant pace during the forecast period due to increase in prevalence of various chronic cardiovascular diseases, rise in demand for microbubbles in echocardiography imaging procedures, growth in mortality associated with heart attack and stroke, and upsurge in demand for advanced diagnosis technologies. On the basis of application, the global microbubbles/ultrasound contrast agents market can be classified into molecular imaging, drug delivery, gene therapy, and stem cells delivery. The molecular imaging segment is expected to grow during the forecast period owing to rising adoption of microbubbles/ultrasound contrast agents in various ultrasound-based molecular diagnostic procedures. Moreover, rising need to monitor the status of the biomarker in vascular endothelium, imaging inflammation, visualizing tumor vasculature, and growing need for targeted therapies further drive the adoption of microbubbles/ultrasound contrast agents in molecular imaging. Advancement in ultrasound technologies, increase in demand for targeted diagnostic tools, benefits of microbubbles/ultrasound contrast agents over traditional diagnostic tools, and rise in incidence of chronic diseases are expected to boost the growth of the microbubbles/ultrasound contrast agents market during the forecast period. However, a primary disadvantage of microbubbles, i.e., they don’t last for long in circulation is anticipated to hamper the growth of the market during the forecast period.
Geographically, the global microbubbles/ultrasound contrast agents market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America, followed by Europe, is anticipated to be dominant in the microbubbles/ultrasound contrast agents market. Growth in geriatric population, increase in incidence and prevalence of chronic diseases, well-established healthcare infrastructure, rise in research and development expenditure, upsurge in adoption of advanced technologies, and higher healthcare expenditure in the regions propel the growth of the global microbubbles/ultrasound contrast agents market in North America and Europe. The microbubbles/ultrasound contrast agents market in Asia Pacific is expected to grow at a significant CAGR during the forecast period, driven by India and China owing to the large patient base in the countries, increased incidence of cardiovascular and other chronic diseases, rising awareness, increased government initiatives toward improving public health, and developed healthcare infrastructure. The global microbubbles/ultrasound contrast agents market in Latin America and Middle East & Africa is anticipated to expand during the forecast period owing to the increasing investment made by market players in these regions.
Leading players in the global microbubbles/ultrasound contrast agents market include GE Healthcare, Bristol-Myers Squibb, Daiichi Sankyo Company limited, Lantheus Holdings, Inc., Bracco, and nanoPET Pharma GmbH.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.