Gadolinium-based Contrast Agent Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Gadolinium-based Contrast Agent Market -
Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
Gadolinium (Gd) is found as a rare earth metal, which is tough to extract, and it
appears like a silvery white crystal. It is one of the few metals with ferromagnetic
properties at room temperature. Like most of the rare earth metals, gadolinium
forms trivalent ions with fluorescent properties. Gadolinium is used for shielding in
neutron radiography and in nuclear reactor as it absorbs neutrons. Therefore,
applications of the metal are seen in oven, microwave, and other electronic
components. In medical field, it is utilized merely in the form of solution composites
for radiological images enhancement. The gadolinium ions that occur in water
soluble salts are toxic to human. But chelated Gd compounds are less toxic to
human body as they are filtered out of the kidneys before the free ions get released
into the tissue. This property of Gd increases its use in the medical field, where it is
used as intravenous drug in diagnostic imaging procedures to enhance the quality
of magnetic resonance angiography (MRA) or magnetic resonance imaging (MRI).
The global gadolinium-based contrast agent market is a fairly matured market and
is expected to witness a significant growth in the near future. The growth of the
market is likely to be driven during the forecast period by the rising prevalence of
chronic diseases such as cardiac diseases and cancer.
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The global gadolinium-based contrast agent market is segmented on the basis of
contrast agent type, disease indication, end-user, and geography. On the basis of
contrast agent type, the market is divided into linear non-ionic agent, linear ionic,
macrocyclic non-ionic, and macrocyclic ionic. The rates of dissociation of Gd from
macrocyclic ligands are slower than the dissociation from linear ligands. Higher the
dissociation constant, there is more possibility of de-chelating and release of free
Gd ions into the body which may lead to serious adverse events. Therefore, linear
gadolinium-based contrast agents are widely preferred for MRI scans.
On the basis of disease indication, the market is segmented into cardiovascular
disorders, neurological disorders, respiratory diseases, nephrological disorders, and

others. The cardiovascular disorders segment accounted for a large share of the
global market and the trend is expected to continue during the forecast period.
Advancements in cardiac MRI procedures in catheterization labs and promising
reimbursement scenario for contrast agent products used during cardiovascular
diagnosis along with highly developed health care infrastructure in countries such
as Germany, the U.K., the U.S., and Canada are factors fueling the growth of the
cardiovascular disorders segment. According to a survey of the Centers for Disease
Control and Prevention, every year about 735,000 people have a heart attack in the
U.S. Out of this number, 525,000 are the first heart attacks and 210,000 happen in
people who have already suffered a heart attack. In addition, growth of the segment
is attributed to the rise in number of diagnostic procedures coupled with the
increase in disease burden in developing countries. In terms of end-user, the market
is segmented into hospitals, specialty clinics, diagnostic centers, and others.
Geographically, the global gadolinium-based contrast agent market is distributed
over North America (the U.S. and Canada), Europe (Germany, France, the U.K., and
others), Asia Pacific (Australia, China, Japan, India, and others), Latin America, and
Middle East & Africa. North America dominated the market in terms of revenue.
North America was followed by Europe and is expected to register a high growth of
the market. Emerging markets such as Asia Pacific, Latin America, and Middle East
& Africa are expected to record a robust growth during the forecast period owing to
growing health care industry and aging population, which consequently are
projected to result in the increase of patient population. India, China, and Brazil are
likely to drive a significant growth of the market among the emerging countries
owing to increase in investments by government bodies in order to enhance health
care facilities.
Major players operating in this market are GE Healthcare, Bayer HealthCare,
Guerbet, Bracco Diagnostic Inc., and Lantheus Medical Imaging, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments

Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through
interviews, surveys, and observations of seasoned analysts) and secondary research
(which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by
analyzing data gathered from industry analysts and market participants across key
points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and microeconomic
indicators, and regulations and mandates is included under the purview of
the study. By doing so, the report projects the attractiveness of each major segment
over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both
value and volume
Reporting and evaluation of recent industry developments

Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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