Driven by growing volumes of diagnostic examinations and widening applications, the world market for imaging contrast agents is projected to reach $14 billion by 2015.
The forecast from market research group Global Industry Analysts targets developing countries, specifically India and China, as burgeoning regions of growth in the contrast market, particularly in light of economic growth.
Even with a lackluster global economy and its impact on the imaging equipment market, the report noted, the effect on imaging agents has been less severe, due primarily to the wide availability of existing equipment in key markets, including Europe and the U.S., and increased emphasis on diagnostic exams for the early identification of disease and subsequent treatment.
The U.S. is the largest market for imaging contrast worldwide, accounting for an estimated 40% share of the global market, followed by Japan and Europe.
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