Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.32 Billion | USD 4.60 Billion | 7.10% | 2024 |
FrequentlyAsked Questions
MRI contrast agents are advanced pharmaceuticals that enhance the visibility of internal body structures during magnetic resonance imaging, thereby increasing diagnostic accuracy and enabling doctors to detect certain conditions.
The MRI contrast agents market is expected to be driven by the increasing prevalence of chronic diseases requiring diagnostic imaging, the growing applications of MRI in new clinical areas, technological advancements in contrast formulations, the aging global population, expanding healthcare infrastructure in emerging markets, and the rising emphasis on early disease detection.
According to our study, the global MRI contrast agents market was worth around USD 2.32 billion in 2024 and is predicted to grow to around USD 4.60 billion by 2034.
The CAGR value of the MRI contrast agents market is expected to be around 7.10% during 2025-2034.
The global MRI contrast agents market will register the highest revenue contribution from North America during the forecast period.
Key players in the MRI contrast agents market include Bayer AG, Bracco Imaging S.p.A., Guerbet Group, GE Healthcare, Lantheus Medical Imaging, Trivitron Healthcare, Nano Therapeutics Pvt. Ltd., Siemens Healthineers, Coherent Biopharma Co., Ltd., Jodas Expoim Pvt. Ltd., Taejoon Pharm Co., Ltd., Magnus Health, Spago Nanomedical AB, Ferring Pharmaceuticals, Beijing Beilu Pharmaceutical Co., Ltd., Jiangsu Hengrui Medicine Co., Ltd., Yangtze River Pharmaceutical Group, Sanochemia Pharmazeutika AG, Aspect Imaging, and Medtronic plc.
The report comprehensively analyzes the MRI contrast agents market, including an in-depth discussion of market drivers, restraints, emerging trends, regional dynamics, and future growth opportunities. It also examines competitive dynamics, formulation innovations, safety considerations, and the evolving clinical practices shaping the diagnostic imaging industry ecosystem.
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