High Pressure Contrast Media Injectors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
High Pressure Contrast Media Injectors market - Overview
The high pressure contrast media injectors market is growing rapidly with an increase in chronic conditions such as neurovascular, cardiovascular, and cancer. As per the data provided by the WHO, around 10 million deaths were caused due to cancer in 2020. The technological advancements in the high pressure contrast media injectors, these equipment have evolved from the manual to automated injectors.
The advantages and precision provided by these high pressure contrast media injectors are anticipated to bolster expansion opportunities in the market. The integration of conventional high pressure contrast media injectors with advanced technology is estimated to bring lucrative growth avenues to the market. This integration includes IT-enabled solutions for high pressure and syringeless automated injectors. In recent years, there is a rapid increase in the high pressure contrast media injectors in the market. Owing to these features, the high pressure contrast media injectors market is projected to boost growth opportunities.
High Pressure Contrast Media Injectors market – Key Trends
The sudden outbreak of COVID-19 has also impacted growth opportunities in the high pressure contrast media injectors market. The outpatient department services at smaller hospitals, dispensaries, nursing homes, and clinics have been limited with the imposition of lockdown to limit the coronavirus infection. This factor has resulted in fewer or limited referrals for imaging tests. Further, the movement of the patients has also been restricted with this lockdown. Owing to these factors, the high pressure contrast media injectors market is estimated to find a rapid change in the growth opportunities.
The high pressure contrast media injectors, accessories, and consumables are comparatively expensive. This factor about the product cost is estimated to restrain the growth opportunities in the high pressure contrast media injectors market.
The penetration of artificial intelligence in the healthcare industry is also putting impacts on the growth prospect in the high pressure contrast media injectors market. Further, the manufacturers from the market also concentrating to develop intelligent devices for the minimization of human errors possibility.
High Pressure Contrast Media Injector market – Competitive Dynamics and Key Developments
The key players in the high pressure contrast media injectors market are adopting strategies such as collaborations, acquisitions, agreements, partnerships, novel product launch, and others to boost growth opportunities. For example, Bayer Radiology has announced a collaboration with Radimetrics v3.0. Radimetrics 3.0 is anticipated to assist with increased features and functionalities to manage contrast dose and radiation dose throughout the care chain.
Some of the key players in the high pressure contrast media injectors market are:
High Pressure Contrast Media Injectors market – Regional Assessment
The high pressure contrast media injectors market is spread across various geographical regions including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among these, the North America region is estimated to hold a significant share in the regional market. Owing to various factors such as a fair reimbursement framework, strong purchasing power, and enhanced healthcare infrastructure are contributing to the market growth. Further, increasing adoption of modern technologies is anticipated to bolster expansion opportunities in the high pressure contrast media injectors market. Further, there is an increasing demand for high pressure contrast media injectors due to increasing cases of accident and trauma cases, availability of insurance coverage, neurology diseases, cardiovascular diseases, and prevalence of cancer.
Owing to increasing healthcare expenditure, growing medical tourism, and rapidly evolving healthcare infrastructure are some prominent factors to boost growth opportunities in the high pressure contrast media injectors market in the Asia Pacific region.
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