Global Microbubble Contrast Media Market
Global microbubble contrast media market is set to witness a healthy CAGR of 25.45% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for image guided procedures and rising approval for contrast agents is the factor driving the market growth. Contrast media or contrast agent is substance which is usually transparent to X-ray and is used in medical imaging to accelerate the contrast of fluids or structure. In cardiology and radiology, microbubbles are used as blood- pool agent for contrast ultrasound imaging. They are widely used in applications such as gene therapy, stem cell delivery, drug delivery, molecular imaging and others. Microbubbles can also be functioned with ligand molecules that are restrict to molecular markers of disease. The main function of the microbubble-based ultrasound contrast agents is to monitor the biomarker condition of vascular endothelium, imaging inflammation, visualizing tumor vasculature and others.
Market Restraints
- Increasing complexity associated with the conducting contrast enhanced ultrasound retard will restrain the market
- Rising awareness about the side effects and allergic reaction of contrast agents will also restrict growth
Market Drivers
- Rising demand for image guided and diagnostic procedures is the factor driving the market growth
- Growing geriatric population is the another factor driving the market growth
- Increasing prevalence of chronic disease will also propel the growth of this market
- Growing R&D investment in the contrast agents is another factor contributing for this market growth
Segmentation: Global Microbubble Contrast Media Market
Global Microbubble Contrast Media Market By Therapeutic Area (Cardiovascular Diseases, Renal and Associated Diseases, Others), Application (Molecular Imaging, Gene Therapy, Drug Delivery, Stem Cells Delivery), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)?—?Industry Trends & Forecast to 2026
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Key Market Competitors:
Few of the major competitors currently working in the global microbubble contrast media market are Lantheus Medical Imaging, Inc., Bracco Imaging S.p.A.., GENERAL ELECTRIC COMPANY, DAIICHI SANKYO COMPANY, LIMITED, nanoPET Pharma GmbH, Trust Bio-sonics, FUJIFILM VisualSonics Inc., Trivitron Healthcare, Siemens and others.
Competitive Analysis:
Global microbubble contrast media market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microbubble contrast media market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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