Thailand Contrast Media Market Size & Outlook, 2023-2030
Thailand contrast media market, 2018-2030 (US$M)
Related Markets
Thailand contrast media market highlights
- The Thailand contrast media market generated a revenue of USD 132.3 million in 2023 and is expected to reach USD 242.8 million by 2030.
- The Thailand market is expected to grow at a CAGR of 9.1% 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 132.3 million |
| Market revenue in 2030 | USD 242.8 million |
| Growth rate | 9.1% (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, Thailand 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 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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Thailand 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 77.1% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand’s contrast media market is primarily driven by the rising prevalence of chronic disorders and growing awareness about medical diagnosis. According to International Agency For Research on Cancer in 2020, about 190,636 new cancer cases were reported in the country and the number is estimated to increase to 426366 by 2025.
Furthermore, increasing healthcare expenditure in Thailand may also encourage major market players to enter the market, which is expected to grow significantly over the forecast period. Thailand’s medical tourists account for about 38% of the overall medical tourism in Asia, which is growing at a rate of 16%.
This can be attributed to the presence of the largest private hospital group with well-equipped & advanced medical facilities and around 50% to 75% cheaper medical services than in countries such as the U.S. Thus, there is a rapid increase in demand for medical services and drugs in the country.
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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 Thailand contrast media market , including forecasts for subscribers. This country databook contains high-level insights into Thailand contrast media market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand contrast media market size, by modality, 2018-2030 (US$M)
Thailand Contrast Media Market Outlook Share, 2023 & 2030 (US$M)
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