The North America contrast media injectors market is expected to reach US$ 507.8 Mn in 2027 from US$ 271.0 Mn in 2018. The market is estimated to grow with a CAGR of 7.3% from 2019-2027.
The growth of the North America contrast media injectors market is primarily driven by the increasing number of approvals for contrast agents and the rising prevalence of chronic diseases. However, market expansion may be hindered by side effects associated with contrast media and a shortage of skilled healthcare professionals in the region.
In an aging society, where chronic diseases play a significant role in shaping healthcare systems, technological advancements are crucial for maintaining quality of life while keeping healthcare costs affordable. Chronic diseases are defined as medical conditions that persist for one year or more, requiring ongoing medical attention or limiting daily activities.
Conditions such as cancer, cardiovascular diseases, and musculoskeletal disorders are among the leading causes of death and disability. These illnesses often necessitate various imaging modalities for diagnosis and treatment monitoring, thereby increasing demand for contrast media. According to the National Center for Chronic Disease Prevention and Health Promotion, chronic diseases account for approximately US$3.3 trillion in annual healthcare expenditures.
The Centers for Disease Control and Prevention (CDC) reports that 6 in 10 adults in the U.S. are living with at least one chronic condition, while 4 in 10 have two or more. Furthermore, the U.S. Department of Health and Human Services states that around 133 million Americans are affected by at least one chronic disease.
These conditions contribute to 81% of hospital admissions, 91% of all prescriptions filled, and 76% of physician visits. The financial burden of managing chronic diseases significantly affects both employers and employees, as healthcare costs continue to rise due to increased demand for medical services. Consequently, the expanding patient population requiring diagnostic imaging is expected to drive the growth of the North America contrast media injectors market in the U.S.
The United States is projected to dominate the North America contrast media injectors market, supported by the growing number of contrast agent approvals and the high prevalence of chronic illnesses. Nevertheless, potential side effects related to contrast agents may pose challenges to market growth. Overall, the U.S. is anticipated to hold the largest market share in North America during the forecast period due to these contributing factors.
North America contrast media injectors market –Segmentation
North America contrast media injectors market By Product
- Injector Systems
- MRI Injector Systems
- CT Injector Systems
- Angiography Injector Systems
- Consumables
- Injector Heads
- Single Head Injectors
- Dual Head Injectors
- Syringe less Injectors
- Tubing
- Syringes
- Other Consumables
- Injector Heads
- Accessories
North America contrast media injectors market By Application
- Interventional Cardiology
- Interventional Radiology
- Radiology
North America contrast media injectors market By Geography
- North America
- US
- Canada
- Mexico
North America contrast media injectors market Company Profiles
- Boston Scientific Corporation
- Shenzhen Xinguan Electromechanical Co. Ltd.
- ulrich GmbH & Co.KG.
- APOLLO RT Co. Ltd.
- Bracco Imaging S.p.A.
- Guerbet SA
- Cook Medical Incorporated
- Smiths Medical
- Sino Medical-Device Technology Co., Ltd.,
- Bayer AG
- Nemoto Kyorindo Co., Ltd.
- General Electric
- AngioDynamics.
North America contrast media injectors market Strategic Insights
Strategic insights for the North America Contrast Media Injectors provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America contrast media injectors market Regional Insights
The geographic scope of the North America Contrast Media Injectors refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
