India Contrast Media Market Size & Outlook, 2023-2030
India contrast media market, 2018-2030 (US$M)
Related Markets
India contrast media market highlights
- The India contrast media market generated a revenue of USD 262.0 million in 2023 and is expected to reach USD 468.5 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, x-ray/computed tomography was the largest revenue generating modality in 2023.
- Ultrasound is the most lucrative modality segment registering the fastest growth during the forecast period.
Contrast media market data book summary
| Market revenue in 2023 | USD 262.0 million |
| Market revenue in 2030 | USD 468.5 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | X-ray/computed tomography |
| Fastest growing segment | Ultrasound |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultrasound, Magnetic Resonance Imaging, X-ray/Computed Tomography |
| Key market players worldwide | Bayer AG, GE Aerospace, Guerbet, Bracco, Lantheus Holdings Inc, Imax Corp, Nano Therapeutics, Trivitron Healthcare |
Other key industry trends
- In terms of revenue, India accounted for 4.2% of the global contrast media market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan contrast media market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 242.8 million by 2030.
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Contrast Media Market Scope
Contrast Media Market Companies
| Name | Profile | # Employees | HQ | Website |
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India contrast media market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contrast media market will help companies and investors design strategic landscapes.
X-ray/computed tomography was the largest segment with a revenue share of 75.92% in 2023. Horizon Databook has segmented the India contrast media market based on ultrasound, magnetic resonance imaging, x-ray/computed tomography covering the revenue growth of each sub-segment from 2018 to 2030.
The Indian diagnostic imaging industry is fragmented, from large diagnostic clinics to private scanning centers, and from government health centers to hospitals. Only 20% of the total healthcare in country is delivered by the government sector and a large portion of the secondary care is delivered by private diagnostic centers.
However, in recent years, there has been a substantial shift toward corporatization of diagnostic centers with 50% of total imaging centers expected to be a part of chains of institutions, which in turn is expected to contribute to the contrast media market in the country.
Companies such as GE Healthcare are introducing affordable medical imaging products in India with low cost CTs and hand-held ultrasound in less developed areas to make it affordable for everyone.
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Our clientele includes a mix of contrast media market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India contrast media market , including forecasts for subscribers. This country databook contains high-level insights into India contrast media market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India contrast media market size, by modality, 2018-2030 (US$M)
India Contrast Media Market Outlook Share, 2023 & 2030 (US$M)
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