South Korea Mri Contrast Media Agents Market Size & Outlook
South Korea mri contrast media agents market, 2018-2030 (US$M)
Related Markets
South Korea mri contrast media agents market highlights
- The South Korea mri contrast media agents market generated a revenue of USD 47.5 million in 2023 and is expected to reach USD 82.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.2% 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.
Mri contrast media agents market data book summary
| Market revenue in 2023 | USD 47.5 million |
| Market revenue in 2030 | USD 82.4 million |
| Growth rate | 8.2% (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, South Korea accounted for 2.3% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
MRI Contrast Media Agents Market Scope
MRI Contrast Media Agents Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 87.79% in 2023. Horizon Databook has segmented the South Korea mri contrast media agents market based on paramagnetic, superparamagnetic covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea accounted for nearly 27.8 MRI units per 1,000,000 people in 2018 as per data published by OECD, showcasing high availability of these technologies among APAC countries. However, the country lacks a registry for documenting hypersensitivity reactions associated with these technologies.
Nonetheless, research activities related to MRI contrast media in the country are anticipated to help overcome this and facilitate market growth. Identification of a link between genetics and response to MRI contrast agents by South Korean scientists is expected to promote the establishment of iodinated contrast media-related hypersensitivity reactions registry in the country.
In 2018, the South Korean Ministry of Food and Drug Safety (MFDS) banned 13 linear gadolinium-based contrast agents, which contained gadodiamide, gadopentetic acid, and gadoversetamide, due to the potential risks associated with this agent. This ban is anticipated to limit the growth of these contrast agents.
Reasons to subscribe to South Korea mri contrast media agents market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea mri contrast media agents market databook
-
Our clientele includes a mix of mri contrast media agents market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea mri contrast media agents market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mri contrast media agents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea mri contrast media agents market size, by product, 2018-2030 (US$M)
South Korea MRI Contrast Media Agents Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
