The worldwide market for contrast media is expected to reach $4.22 billion by 2006, up from $3.39 billion in 1999, according to a new market research report published by Frost & Sullivan of San Jose, CA. The growth will be driven by an increasing need for strategic partnerships and further geographic expansion, according to the report, entitled World Contrast Media Markets.
Among specific modalities, x-ray contrast media prices continue to drop, curtailing growth, according to Frost & Sullivan. MRI media are turning in impressive growth, while the market for ultrasound contrast agents remains sluggish, according to the company.
By AuntMinnie.com staff writersJuly 19, 2000
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