South Africa Contrast Media Market Size & Outlook
South Africa contrast media market, 2018-2030 (US$M)
Related Markets
South Africa contrast media market highlights
- The South Africa contrast media market generated a revenue of USD 135.0 million in 2023 and is expected to reach USD 240.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, x-ray/computed tomography was the largest revenue generating modality in 2023.
- Magnetic Resonance Imaging 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 135.0 million |
| Market revenue in 2030 | USD 240.2 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | X-ray/computed tomography |
| Fastest growing segment | Magnetic Resonance Imaging |
| 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, South Africa accounted for 2.1% 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 Middle East & Africa, South Africa contrast media market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 73.0 million by 2030.
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Contrast Media Market Scope
Contrast Media Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 69.48% in 2023. Horizon Databook has segmented the South Africa 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 economic development of South Africa and presence of high unmet healthcare needs are some of the primary growth drivers of this market. The expected growth in healthcare spending and increased demand for advanced healthcare treatments are anticipated to boost the market during the forecast period.
In addition, growing prevalence of cancer in the country is expected to boost the demand for contrast media products over the forecast period. According to the International Agency for Research on Cancer, in 2020, about 108,168 new cancer cases were diagnosed in the country, and 56,802 related deaths were recorded in the same year.
The African government and other organizations, such as the Cancer Association of South Africa, are also undertaking initiatives to create awareness, provide care & support to cancer patients, and encourage research for the treatment of cancer & other chronic diseases that require early diagnosis & timely treatment.
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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 South Africa contrast media market , including forecasts for subscribers. This country databook contains high-level insights into South Africa contrast media market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa contrast media market size, by modality, 2018-2030 (US$M)
South Africa Contrast Media Market Outlook Share, 2023 & 2030 (US$M)
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