MEDICAL IMAGING REAGENTS MARKET ANALYSIS

Medical Imaging Reagents MarketSize and Trends

The global medical imaging reagents market was valued at US$ 10.68 Bn in 2022 and is forecast to reach a value of US$ 15.78 Bn by 2030 at a CAGR of 5.0%between 2023 and 2030. The global medical imaging reagents market is experiencing strong growth due to the rise in prevalence of chronic diseases and rise in focus on disease diagnosis. Moreover, rising number of diagnostic imaging centres and growing geriatric population across the globe is expected to boost the growth of the market. However, factors such as shortage or poor availability of imaging reagents and lack of access in underdeveloped countries are expected to hamper the market growth.

Global Medical Imaging Reagents Market Trends:

Growing awareness among people is a recent trend

With the increase in awareness among people about different imaging procedures and the benefits of medical imaging, coupled with the increasing prevalence of chronic diseases and the increasing geriatric population, the use of imaging modalities (which in turn increases the use or demand for medical imaging reagents) is also increasing rapidly. Furthermore, healthcare providers continue to emphasize early diagnosis of disorders rather than overspending on expensive treatments. This trend is expected to continue during the forecast period.

High demand for is imaging reagents another trend

Medical imaging reagents are chemicals that help improve the imaging of tissues, specific organs, diseases, and physiological functions. Moreover, medical imaging reagents are used in diagnostics, drug discovery & development, and educational research. They are frequently used in imaging and detection technologies in the healthcare and medical fields as well as in a number of fields related to life sciences, such as pharmaceutical research, pharmaceuticals, and biotechnology. Thus, there is an increase in demand for them, driving the market growth.