China Mri Contrast Media Agents Market Size & Outlook
China mri contrast media agents market, 2018-2030 (US$M)
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China mri contrast media agents market highlights
- The China mri contrast media agents market generated a revenue of USD 121.8 million in 2023 and is expected to reach USD 215.5 million by 2030.
- The China market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, paramagnetic was the largest revenue generating product in 2023.
- Paramagnetic is the most lucrative product segment registering the fastest growth during the forecast period.
Mri contrast media agents market data book summary
| Market revenue in 2023 | USD 121.8 million |
| Market revenue in 2030 | USD 215.5 million |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Paramagnetic |
| Fastest growing segment | Paramagnetic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paramagnetic, Superparamagnetic |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Bayer AG, Guerbet, Bracco, Miltenyi Biotec |
Other key industry trends
- In terms of revenue, China accounted for 5.8% of the global mri contrast media agents market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan mri contrast media agents market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 215.5 million by 2030.
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MRI Contrast Media Agents Market Scope
MRI Contrast Media Agents Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China mri contrast media agents 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 mri contrast media agents market will help companies and investors design strategic landscapes.
Paramagnetic was the largest segment with a revenue share of 87.6% in 2023. Horizon Databook has segmented the China mri contrast media agents market based on paramagnetic, superparamagnetic covering the revenue growth of each sub-segment from 2018 to 2030.
Changes in demographics & disease patterns and growth of private healthcare sector are key factors expected to drive the MRI contrast media agents market in China. A mix of domestic and multinational players characterizes China's market; the latter currently holds more than 20% share.
The MRI contrast media agents market in China has fewer players. Gadopentetate dimeglumine has been one of the most used contrast agents in recent years. However, with rising safety concerns associated with linear gadolinium agents, such as gadopentetate dimeglumine, the preference for macrocyclic contrast agents including Gadavist is expected to increase.
A generic for Gadovist is under development in Jiangsu Hengrui’s product pipeline, which is expected to be commercialized over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the China mri contrast media agents market , including forecasts for subscribers. This country databook contains high-level insights into China mri contrast media agents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China mri contrast media agents market size, by product, 2018-2030 (US$M)
China MRI Contrast Media Agents Market Outlook Share, 2023 & 2030 (US$M)
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