Contrast Medium, also known as Contrast agents and Contrast Media. It’s generally used in the process of medical imaging to increase the Contrast of subjects’ images.
The global Contrast Medium market has a significant growth trend. Because the global medical service level has been improved and also the detection population is increased. The global contrast medium market was valued at $4.86 billion in 2018. With a CAGR of 9.17% in 2015-2018 and is expected to exceed $5 billion by 2020.
From the perspective of specific regional distribution, the global-market share of contrast media is mainly concentrated in developed countries. Like the United States accounting for about 37.6% of the total value of the global contrast media market. Europe accounting for about 28.8% of the total value of the global contrast media market.
The global consumption of contrast media API grew at a CAGR of 7.0%, and the demand is expected to grow steadily in the future. In 2018, API consumption of the top five contrast agents in the world was about 8,000 tons, and CAGR of the top five APIs from 2012 to 2018 was about 7.0%. The demand for APIS is expected to grow steadily, given the increased demand for APIs driven by expansion in emerging markets and the future replacement of original research by generic drugs.