The U.S. market for medical imaging contrast media, which produced $1.57 billion sales in 2006, is expected to nearly double to $2.94 billion by 2013, according to a recent study by market research firm Bio-Tech Systems.
The Las Vegas-based company said that contrast media sales grew 6% in 2006; however, this annual growth rate is expected to increase to 10% to 11% per year beyond 2008 as new products are introduced.
A 5% to 6% annual growth rate in iodine-based contrast media is expected to show an increase as prices stabilize and applications grow in volume. Although sales of MR contrast agents have been under competitive pressure, this market is stabilizing; therefore, future sales growth will be more consistent with increases in procedure volume, Bio-Tech Systems said.
Ultrasound contrast media, which posted sales of $77.1 million last year, is expected to increase to $700 million by 2013 as clinicians and sonographers become more confident in its use and new products are approved, according to the firm.
The full report is available via the company's Web site.
By AuntMinnie.com staff writers
March 22, 2007
Related Reading
New growth for diagnostic radiopharmaceuticals, November 9, 2006
Radiopharma market expected to double by 2012, October 10, 2006
PET market continues double-digit growth, June 9, 2006
New promise for therapeutic radiopharmaceuticals, June 2, 2006
Therapeutic radiopharmaceutical market poised for takeoff, February 20, 2006
Copyright © 2007 AuntMinnie.com
