Trends Desk

Medical Imaging Reagents Market Value of around $18.5 billion by 2023

Press Release   •   Jan 31, 2018 06:43 EST

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Medical Imaging Reagents Market (Class: Contrast Reagents, Optical Reagents, Nuclear Reagents; Technology: Nanoparticles, Fluorescent Dyes & Probes, Radiopharmaceuticals, Fluorescent Proteins, Quantum Dots; Application: Diagnostics, Drug Discovery & Development, R&D) – Global Industry Analysis, Market Size, Opportunities and Forecast 2023”, estimates that the global market for medical imaging reagents is expected to reach the market value of around $18.5 billion by 2023 and is expected to grow at a CAGR of around 8.0% in terms of revenue during the period 2017 - 2023. Some of the key drivers supporting the market growth include advanced technologies and upsurge in demand for functional imaging diagnostics. In addition, key players are trying to innovate the technology such as hybrid imaging modalities in order to improve the productivity of imaging system, which is anticipated to augment the market growth of imaging reagents. Furthermore, increase in patients suffering from cancer with escalated requirement for superior diagnostic imaging technologies are boosting growth of this market. However, stringent regulations, shortage of these reagents, and unwillingness in adopting and accepting nuclear reagents may hamper the market growth.

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Growing Prevalence of Chronic Diseases

Rising incidences of chronic diseases such as heart disease, stroke, type II diabetes, and cancer drive the medical imaging reagents market. For instance, cardiovascular disease is one of the leading causes of deaths across the globe. According to the ‘Heart Disease and Stroke Statistics 2015’ report published by American Heart Association, every year, 17.3 million deaths occur due to cardiovascular diseases, and this number is expected to reach 23.6 million by 2030. Similarly, stroke is one of the major causes of deaths, globally. It accounted for 11.13% of the total deaths across the globe in 2015. Thus, increase in the number of such chronic diseases may raise the demand for diagnostic and therapeutic imaging modalities, thereby driving the market growth in coming years. Moreover, aged patients are at highest risk of suffering from chronic diseases; thus, rapid increase in geriatric population would further drive the demand for medical imaging reagents.

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Insights on Market Segments

The global medical imaging reagents market is segmented based on class, technology, application, and region. Based on class, it is divided into contrast reagents, optical reagents, and nuclear reagents. Depending on technology, market is categorized into fluorescent dyes & probes, nanoparticles, radiopharmaceuticals, quantum dots, and fluorescent proteins. Based on application, the market is categorized into diagnostics, drug discovery & development, and R&D. Based on region; it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Increase in Demand for Contrast Reagents

Different types of contrast reagents available in the market include barium-based, gadolinium-based, and iodinated contrast reagents, all of which are used medical imaging equipment. The contrast reagents are administered from different routes such as injectable, rectal, urethral, and oral. In 2016, based on class, contrast reagents segment held highest share in global medical imaging reagents market. Contrast reagents are applicable in different procedures such as ultrasound, computed tomography, and magnetic resonance imaging (MRI).

The global medical imaging reagents market is highly consolidated due to the presence of few international and regional players. The key players taken into consideration in this report include Lantheus Medical Imaging, Inc., Covalon Technologies Ltd., GE Healthcare, Bayer Healthcare AG, Siemens Healthcare, Merck, Bracco Imaging SpA, Shimadzu Corporation, Philips Healthcare, and Thermo Fisher Scientific, Inc. among others.

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Table Of Content

Chapter 1. Research Scope & Methodology

1.1 Report Description

1.2 Key Benefits

1.3 Key Market Segments

1.4 Research Methodology

1.4.1 Secondary Research

1.4.2 Primary Research

1.4.3 Analyst Tools & Models

Chapter 2. Executive Summary

2.1 CxO Perspective

Chapter 3. Market Overview

3.1 Market Definition And Scope

3.2 Key Findings

3.2.1 Top Investment Pockets

3.2.2 Top Winning Strategies

3.3 Player Positioning Analysis

3.4 Porter’s Five Forces Analysis

3.4.1 Bargaining Power Of Buyers

3.4.2 Bargaining Power Of Suppliers

3.4.3 Threat Of New Entrants

3.4.4 Threat Of Substitutes

3.4.5 Degree Of Competition

3.5 Government Regulations

3.5.1 U.S. FDA

3.6 Reimbursement Scenario

3.7 Market Dynamics

3.7.1 Drivers

3.7.1.1 Rising Prevalence Of Chronic Diseases

3.7.1.2 Increase In Responsiveness For Early Disease Diagnosis

3.7.1.3 Accelerating Demand For Diagnostic Imaging Procedures

3.7.2 Restraints

3.7.2.1 Low Availability Of Supplies Of Imaging Reagents

3.7.2.2 Expensive Medical Imaging Modalities

3.7.2.3 Reluctance In Adopting Nuclear Reagents

3.7.3 Opportunities

3.7.3.1 Technological Advancements

3.7.3.2 Untapped Markets In Emerging Economies

Chapter 4. Medical Imaging Reagents Market Analysis, By Class

4.1 Overview

4.1.1 Global Medical Imaging Reagents Market Size And Forecast, By Class, 2016 - 2023 ($Million)

4.2 Contrast Reagents

4.2.1 Key Market Trends

4.2.2 Key Growth Factors And Opportunities

4.2.3 Medical Imaging Contrast Reagents Market Size And Forecast, By Region, 2016 - 2023 ($Million)

4.3 Optical Reagents

4.3.1 Key Market Trends

4.3.2 Key Growth Factors And Opportunities

4.3.3 Medical Imaging Optical Reagents Market Size And Forecast, By Region, 2016 - 2023 ($Million)

4.4 Nuclear Reagents

4.4.1 Key Market Trends

4.4.2 Key Growth Factors And Opportunities

4.4.3 Medical Imaging Nuclear Reagents Market Size And Forecast, By Region, 2016 - 2023 ($Million)

Chapter 5. Medical Imaging Reagents Market Analysis, By Technology

5.1 Overview

5.1.1 Global Medical Imaging Reagents Market Size And Forecast, By Technology, 2016 - 2023 ($Million)

5.2 Nanoparticles

5.2.1 Medical Imaging Reagents Market For Nanoparticles, Market Size And Forecast, By Region, 2016 - 2023 ($Million)

5.3 Fluorescent Dyes & Probes

5.3.1 Medical Imaging Reagents Market For Fluorescent Dyes & Probes, Market Size And Forecast, By Region, 2016 - 2023 ($Million)

5.4 Radiopharmaceuticals

5.4.1 Medical Imaging Reagents Market For Radiopharmaceuticals, Market Size And Forecast, By Region, 2016 - 2023 ($Million)

5.5 Fluorescent Proteins

5.5.1 Medical Imaging Reagents Market For Fluorescent Proteins, Market Size And Forecast, By Region, 2016 - 2023 ($Million)

5.6 Quantum Dots

5.6.1 Medical Imaging Reagents Market For Quantum Dots, Market Size And Forecast, By Region, 2016 - 2023 ($Million)

Chapter 6. Medical Imaging Reagents Market Analysis, By Application

6.1 Overview

6.1.1 Global Medical Imaging Reagents Market Size And Forecast, By Application, 2016 - 2023 ($Million)

6.2 Diagnostics

6.2.1 Medical Imaging Reagents Market Size And Forecast For Diagnostics Application, By Region, 2016 - 2023 ($Million)

6.3 Drug Discovery & Development

6.3.1 Medical Imaging Reagents Market Size And Forecast For Drug Discovery & Development Application, By Region, 2016 - 2023 ($Million)

6.4 Research & Development (R&D)

6.4.1 Medical Imaging Reagents Market Size And Forecast For R&D Application, By Region, 2016 - 2023 ($Million)

Chapter 7. Medical Imaging Reagents Market Analysis, By Region

7.1 Overview

7.1.1 Global Medical Imaging Reagents Market Size And Forecast, By Region, 2016 - 2023 ($Million)

7.2 North America

7.2.1 Key Market Trends

7.2.2 Key Growth Factors And Opportunities

7.2.3 North America Medical Imaging Reagents Market Size And Forecast, By Class, 2016 - 2023 ($Million)

7.2.4 North America Medical Imaging Reagents Market Size And Forecast, By Technology, 2016 - 2023 ($Million)

7.2.5 North America Medical Imaging Reagents Market Size And Forecast, By Application, 2016 - 2023 ($Million)

7.2.6 North America Medical Imaging Reagents Market Size And Forecast, By Country, 2016 - 2023 ($Million)

7.2.6.1 U.S.

7.2.6.1.1 U.S. Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.2.6.2 Canada

7.2.6.2.1 Canada Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.2.6.3 Mexico

7.2.6.3.1 Mexico Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.3 Europe

7.3.1 Key Market Trends

7.3.2 Key Growth Factors And Opportunities

7.3.3 Europe Medical Imaging Reagents Market Size And Forecast, By Class, 2016 - 2023 ($Million)

7.3.4 Europe Medical Imaging Reagents Market Size And Forecast, By Technology, 2016 - 2023 ($Million)

7.3.5 Europe Medical Imaging Reagents Market Size And Forecast, By Application, 2016 - 2023 ($Million)

7.3.6 Europe Medical Imaging Reagents Market Size And Forecast, By Country, 2016 - 2023 ($Million)

7.3.6.1 Germany

7.3.6.1.1 Germany Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.3.6.2 France

7.3.6.2.1 France Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.3.6.3 UK

7.3.6.3.1 UK Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.3.6.4 Italy

7.3.6.4.1 Italy Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.3.6.5 Spain

7.3.6.5.1 Spain Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.3.6.6 Rest Of Europe

7.3.6.6.1 Rest Of Europe Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.4 Asia-Pacific

7.4.1 Key Market Trends

7.4.2 Key Growth Factors And Opportunities

7.4.3 Asia-Pacific Medical Imaging Reagents Market, By Class, 2016 - 2023 ($Million)

7.4.4 Asia-Pacific Medical Imaging Reagents Market Size And Forecast, By Technology, 2016 - 2023 ($Million)

7.4.5 Asia-Pacific Medical Imaging Reagents Market Size And Forecast, By Application, 2016 - 2023 ($Million)

7.4.6 Asia-Pacific Medical Imaging Reagents Market Size And Forecast, By Country, 2016 - 2023 ($Million)

7.4.6.1 Japan

7.4.6.1.1 Japan Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.4.6.2 China

7.4.6.2.1 China Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.4.6.3 Australia

7.4.6.3.1 Australia Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.4.6.4 India

7.4.6.4.1 India Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.4.6.5 South Korea

7.4.6.5.1 South Korea Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.4.6.6 Taiwan

7.4.6.6.1 Taiwan Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.4.6.7 Rest Of Asia-Pacific

7.4.6.7.1 Rest Of Asia-Pacific Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.5 LAMEA

7.5.1 Key Market Trends

7.5.2 Key Growth Factors And Opportunities

7.5.3 LAMEA Medical Imaging Reagents Market Size And Forecast, By Class, 2016 - 2023 ($Million)

7.5.4 LAMEA Medical Imaging Reagents Market Size And Forecast, By Technology, 2016 - 2023 ($Million)

7.5.5 LAMEA Medical Imaging Reagents Market Size And Forecast, By Application, 2016 - 2023 ($Million)

7.5.6 LAMEA Medical Imaging Reagents Market Size And Forecast, By Country, 2016 - 2023 ($Million)

7.5.6.1 Brazil

7.5.6.1.1 Brazil Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.5.6.2 South Africa

7.5.6.2.1 South Africa Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.5.6.3 Saudi Arabia

7.5.6.3.1 Saudi Arabia Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

7.5.6.4 Rest Of LAMEA

7.5.6.4.1 Rest Of LAMEA Medical Imaging Reagents Market Size And Forecast, 2016 - 2023 ($Million)

Chapter 8. Company Profiles

8.1 Bracco Spa

8.1.1 Company Overview

8.1.2 Company Snapshot

8.1.3 Operating Segments

8.1.4 Product Portfolio

8.1.5 Business Performance

8.2 Lantheus Holdings, Inc.

8.2.1 Company Overview

8.2.2 Company Snapshot

8.2.3 Operating Segments

8.2.4 Product Portfolio

8.2.5 Business Performance

8.3 GE Healthcare

8.3.1 Company Overview

8.3.2 Company Snapshot

8.3.3 Operating Segments

8.3.4 Product Portfolio

8.3.5 Business Performance

8.3.6 Key Strategic Moves And Developments

8.4 Siemens AG

8.4.1 Company Overview

8.4.2 Company Snapshot

8.4.3 Operating Segments

8.4.4 Business Performance

8.5 Bayer AG

8.5.1 Company Overview

8.5.2 Company Snapshot

8.5.3 Operating Segments

8.5.4 Product Portfolio

8.5.5 Business Performance

8.6 CMC Contrast AB

8.6.1 Company Overview

8.6.2 Company Snapshot

8.6.3 Operating Segments

8.6.4 Key Strategic Moves And Developments

8.7 Thermo Fisher Scientific, Inc.

8.7.1 Company Overview

8.7.2 Company Snapshot

8.7.3 Operating Segments

8.7.4 Product Portfolio

8.7.5 Business Performance

8.8 Merck & Co., Inc.

8.8.1 Company Overview

8.8.2 Company Snapshot

8.8.3 Operating Segments

8.8.4 Business Performance

8.9 Shimadzu Corporation

8.9.1 Company Overview

8.9.2 Company Snapshot

8.9.3 Operating Segments

8.9.4 Business Performance

8.10 Koninklijke Philips N.V.

8.10.1 Company Overview

8.10.2 Company Snapshot

8.10.3 Operating Segments

8.10.4 Business Performance

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