Press release
Microbubbles/Ultrasound Contrast Agents Market Projected to Reach $1.95 Billion by 2030
[Redding, California, 26-02-2024] - Meticulous Research®, a pioneering name in market intelligence and strategic advisory services, has released a comprehensive report titled 'Microbubbles/Ultrasound Contrast Agents Market: Global Forecast to 2030.' This in-depth analysis delves into the evolving landscape of the microbubbles/ultrasound contrast agents market, offering valuable insights into its future trajectory.Key Market Insights: According to the latest findings from Meticulous Research®, the microbubbles/ultrasound contrast agents market is poised to achieve a remarkable valuation of $1.95 billion by 2030, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.2% from 2023 to 2030. The escalating demand for image-guided diagnostic procedures, coupled with the aging population and the prevalence of chronic diseases, are driving significant market expansion. Furthermore, technological advancements in ultrasound imaging and favorable reimbursement policies for contrast-enhanced procedures are contributing to market growth. However, complexities associated with contrast-enhanced ultrasound (CEUS) may pose challenges to market expansion.
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Emerging Trends and Market Dynamics:
Ultrasound contrast agents, characterized by gas-filled microbubbles, are instrumental in enhancing the capabilities of diagnostic imaging and facilitating ultrasound-mediated therapy. These microbubbles offer promising avenues for therapeutic applications, including drug delivery, gene therapy, and thrombolysis.
The report provides a comprehensive assessment of key strategic developments among leading market players over the past few years, reflecting the dynamic nature of the global microbubbles/ultrasound contrast agents market.
Impact of Aging Population and Chronic Diseases:
The aging population, coupled with the increasing prevalence of chronic diseases, is driving the demand for microbubbles/ultrasound contrast agents. Chronic conditions such as cardiovascular diseases and osteoporosis necessitate non-invasive diagnostic modalities like ultrasound, thereby boosting market growth. According to the World Population Ageing 2020 report by the United Nations, the global population aged 65 or above is expected to reach 1.5 billion by 2050, underscoring the significance of diagnostic imaging in geriatric healthcare.
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Key Players Driving Market Innovation:
Leading players in the microbubbles/ultrasound contrast agents market include:
Lantheus Holdings, Inc. (U.S.)
GE HealthCare Technologies Inc. (U.S.)
Bracco S.p.A. (Italy)
Bristol-Myers Squibb Company (U.S.)
Daiichi Sankyo Company, Limited (Japan)
nanoPET Pharma GmbH (Germany)
Leriva (Greece)
Siemens Healthineers AG (Germany)
Bayer AG (Germany)
Fujifilm Holdings Corporation (Japan)
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Future Outlook :
The microbubbles/ultrasound contrast agents market is segmented by type [lipid microbubbles, protein microbubbles, polymer microbubbles], application [diagnostics imaging {cardiovascular imaging, renal imaging, abdominal imaging, breast imaging, other diagnostics imaging applications}, therapeutic applications], end user (hospitals & clinics, diagnostics laboratories, other end users], and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
Based on type, in 2023, the lipid microbubbles segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. Lipid-based microbubbles represent a new class of agents with diagnostic and therapeutic applications. Stabilizing lipid-based microbubbles creates low-density particles with unusual properties for diagnostic imaging and drug delivery. Due to their advantages, research studies are also carried out to widen their therapeutic applications, such as tumor-targeted therapy, brain-targeted therapy, and immunotherapy. This further contributes to the segment's largest share.
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Based on application, the microbubbles/ultrasound contrast agents market is segmented into diagnostics imaging and therapeutics. The diagnostics imaging is further segmented into cardiovascular imaging, renal imaging, abdominal imaging, and breast imaging. The diagnostics segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market in 2023. The large market share of this segment is attributed to the increase in demand for radiation-free and non-invasive diagnostic modalities for testing various disorders, including cardiovascular, breast, and abdominal conditions.
Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. The large market share of the segment is attributed to the rise in the number of hospital admissions owing to the significant rise in spending on health, the rising number of healthcare facilities in emerging countries, and the well-established infrastructure of hospitals and clinics.
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