PUBLISHER: The Business Research Company | PRODUCT CODE: 1664485
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664485
Medical imaging reagents are substances utilized by medical practitioners and researchers to enhance the visibility of structures and organs, aiding in the identification, diagnosis, and treatment of diseases. They play a crucial role in visualizing structures or organs, allowing clinicians to improve disease identification and diagnosis.
The main classes of medical imaging reagents include contrast reagents, optical reagents, and nuclear reagents. Contrast agents specifically enhance radiodensity and increase the contrast of structures or fluids in medical imaging by altering the way electromagnetic radiation or ultrasound waves pass through the body. Various technologies involved in these reagents include nanoparticles, fluorescent dyes, radiopharmaceuticals, fluorescent proteins, and quantum dots. These technologies are applied in various imaging modes such as X-ray, CT scan, ultrasound, and MRI scan. Medical imaging reagents find applications in diverse medical conditions, including neurological disorders, cardiovascular disorders, cancer, gastrointestinal disorders, musculoskeletal disorders, nephrological disorders, and others. These reagents are used by various end-users, including biotechnology companies, pharmaceutical companies, and diagnostic labs.
The medical imaging reagents market research report is one of a series of new reports from The Business Research Company that provides medical imaging reagents market statistics, including medical imaging reagents industry global market size, regional shares, competitors with a medical imaging reagents market share, detailed medical imaging reagents market segments, market trends and opportunities, and any further data you may need to thrive in the medical imaging reagents industry. This medical imaging reagents market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical imaging reagents market size has grown strongly in recent years. It will grow from $15.23 billion in 2024 to $16.31 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increasing prevalence of diseases, growing aging population, expanding applications, regulatory approvals, strategic collaborations and partnerships.
The medical imaging reagents market size is expected to see strong growth in the next few years. It will grow to $21.31 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to personalized medicine, increasing focus on early disease detection, rising global burden of chronic diseases, expanding point-of-care imaging, integration of theranostics. Major trends in the forecast period include technological advancements, increasing prevalence of chronic diseases, diagnostic imaging in personalized medicine, emerging markets and global expansion, partnerships and collaborations.
The growth of the medical imaging reagents market is anticipated to be propelled by the increasing prevalence of chronic diseases. Chronic diseases, characterized by lasting one year or longer and requiring ongoing medical attention, necessitate the use of medical imaging reagents for accurate diagnosis and detection. Notably, in 2022, the American Cancer Society reported an estimated 1.9 million new cancer cases and 609,360 cancer-related deaths in the United States. Additionally, the IDF Diabetes Atlas Tenth Edition 2021 revealed that 537 million individuals aged 20 to 79 years had diabetes in 2021, a figure expected to rise to 643 million by 2030 and 783 million by 2045. This surge in chronic diseases is a driving force behind the growth of the medical imaging reagents market.
The medical imaging reagents market is also set to witness growth due to the increasing demand in the pharmaceutical industry. Playing a crucial role in research, drug development, and precision medicine, medical imaging reagents contribute significantly to advancing pharmaceutical endeavors. For instance, the European Federation of Pharmaceutical Industries and Associations (EFPIA) reported a total pharmaceutical production of $384,200 million (€340,000 million) in Europe in 2022, reflecting a 4.95% increase from the previous year. This heightened demand in pharmaceutical industries is a key factor fueling the growth of the medical imaging reagents market.
A prominent trend in the medical imaging reagents market is the emphasis on product innovations by major companies to maintain their competitive positions. Notably, Aptamer Group plc, a UK-based company, introduced Optimer-Fc in March 2023. Optimer-Fc combines an Optimer binder with an antibody's Fc domain, enabling its use in IHC applications. This innovative reagent facilitates enhanced research, diagnostics, and forensics, offering improved precision and selectivity in detection.
Leading companies in the medical imaging reagents market are concentrating on creating innovative products, such as the cell painting kit, to boost their revenues. This kit features pre-optimized, verified fluorescent probes along with a compatible diluent, designed to streamline the cell painting workflow while ensuring excellent repeatability and validation for use in high-content screening systems. For example, in December 2023, Amazon Web Services (AWS), a US-based company, is revolutionizing drug discovery through high-throughput Cell Painting, an advanced image-based assay for high-content screening. This method enhances the understanding of cellular behaviors and phenotypes. By leveraging AWS's scalable infrastructure, researchers can effectively manage large volumes of cell image data and execute complex image processing tasks. The Cell Painting Batch solution on AWS, utilizing tools like CellProfiler, automates these processes and addresses challenges such as fluctuating workloads, collaboration hurdles, and high computational requirements. This approach accelerates drug discovery while also improving scientific reproducibility and fostering collaboration across laboratories.
In December 2023, Mindray, a multinational medical technology company based in China that specializes in developing and manufacturing medical equipment and accessories, acquired DiaSys Diagnostic Systems GmbH for an undisclosed amount. This acquisition enhances Mindray's global supply chain and broadens its in-vitro diagnostics (IVD) business. DiaSys Diagnostic Systems GmbH, located in Germany, focuses on creating diagnostic system solutions, including automated clinical chemistry analyzers, semi-automated analyzers, and point-of-care instruments.
Major companies operating in the medical imaging reagents market include General Electric Company, Lantheus Holdings Inc., Thermo Fisher Scientific Inc., Bayer AG, Bracco SpA, Siemens AG, PerkinElmer Inc., Cardinal Health Inc., Shimadzu Corporation, Philips Healthcare, SA Laboratoires Andre Guerbet, Canon Medical Systems Corporation, Fujifilm Healthcare, Guerbet Group, Merck KGaA, Esaote SpA, Hitachi Ltd., Koninklijke Philips N.V., Toshiba Corporation, Hologic Inc., Carestream Health Inc., Curium Pharma, Nordion Inc., IBA Molecular, Eckert & Ziegler Radiopharma GmbH, Advanced Accelerator Applications, Jubilant Life Sciences Limited, Mallinckrodt Pharmaceuticals, Nihon Kohden Corporation, Mindray Medical International Limited, Samsung Medison Co. Ltd., Analogic Corporation
North America was the largest region in the medical imaging reagents market in 2024. The regions covered in the medical imaging reagents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the medical imaging reagents market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The medical imaging reagents market consists of sales of fluorescent visualizing reagents, supermolecules, and magnetic resonance imaging reagents. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Medical Imaging Reagents Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on medical imaging reagents market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for medical imaging reagents ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The medical imaging reagents market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.