Europe Mri Contrast Media Agents Market Size & Outlook

The mri contrast media agents market in Europe is expected to reach a projected revenue of US$ 756.8 million by 2030. A compound annual growth rate of 7.2% is expected of Europe mri contrast media agents market from 2024 to 2030.
Revenue, 2023 (US$M)
$465.9
Forecast, 2030 (US$M)
$756.8
CAGR, 2024 - 2030
7.2%
Report Coverage
Europe

Europe mri contrast media agents market, 2018-2030 (US$M)

Europe

Europe mri contrast media agents market highlights

  • The Europe mri contrast media agents market generated a revenue of USD 465.9 million in 2023.
  • The market is expected to grow at a CAGR of 7.2% 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.
  • Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 465.9 million
Market revenue in 2030USD 756.8 million
Growth rate7.2% (CAGR from 2023 to 2030)
Largest segmentParamagnetic
Fastest growing segmentParamagnetic
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationParamagnetic, Superparamagnetic
Key market players worldwideGE HealthCare Technologies Inc Common Stock, Bayer AG, Guerbet, Bracco, Miltenyi Biotec


Other key industry trends

  • In terms of revenue, Europe region accounted for 22.1% of the global mri contrast media agents market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • MEA is the fastest growing regional market and is projected to reach USD 245.9 million by 2030.

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MRI Contrast Media Agents Market Companies

Name Profile # Employees HQ Website

Europe 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 87.62% in 2023. Horizon Databook has segmented the Europe mri contrast media agents market based on paramagnetic, superparamagnetic covering the revenue growth of each sub-segment from 2018 to 2030.


Increasing public and private investments in R&D are some of the significant factors contributing to market growth in Europe. Rising demand for healthcare devices and growing prevalence of chronic & pain-associated disorders in the region are some major drivers anticipated to propel market growth. 

In the recent decade, the use of diagnostic imaging modalities, such as MRI, CT, and ultrasound, has increased rapidly in Europe. In 2015, the largest number of MRI scans performed was in France and Germany, where the number of scans per 100,000 people was reported to be higher than 10,000. 

In 2017, EMA announced restrictions on sales of certain linear gadolinium contrast agents used in MRI. This was due to safety concerns regarding the accumulation of linear gadolinium agents in the brain. Hence, Magnevist, Omniscan, and Optimark were discontinued in the European market.

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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe mri contrast media agents market , including forecasts for subscribers. This continent databook contains high-level insights into Europe mri contrast media agents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Europe mri contrast media agents market size, by country, 2018-2030 (US$M)

Europe MRI Contrast Media Agents Market Outlook Share, 2023 & 2030 (US$M)

Europe mri contrast media agents market size, by country, 2018-2030 (US$M)

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