Albany, NY, March 16, 2015 (GLOBE NEWSWIRE) -- A research report published by Transparency Market Research (TMR), titled "Contrast Media Injectors Market (Product Type: CT, MR, and Vascular Injectors; Application: Oncology, Cardiology, and Neurology) Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", states that the contrast media injectors market is expected to reach US$886.7 million by 2020 in terms of total revenue. The statistics also show that the market was assessed to be worth US$630.1 million in 2013 and is believed to show a booming growth at a 5.0% CAGR between 2014 and 2020.
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The research report has segmented the global contrast media injectors market on the basis of application into neurology, oncology, and cardiology. Contract media injectors are injected into the body in order to improve the visibility of internal tissues for the purpose of medical imaging. The basic use of contrast media injectors is for ultrasound, CT, PET, and MRI.
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The report classifies the market in terms of types into MR, CT and vascular injectors. The importance of contrast media injectors has been recognized by their regular use in radiology globally owing to their easy employment and safety for both patients and medical practitioners. However, key players in the global market are coming up with innovative techniques to enhance the capability of contrast media, such as patient imaging data integration, higher specificity, and improvement in patient safety.
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The report has categorized the global contrast media injectors market on the basis of geography into Europe, North America, Asia-Pacific, and Rest of the World. In 2013, Europe and North America dominated the market by accounting for more than 60% of the global market for contrast media injectors. The contract media injectors used for CT and MRI scans have been used in the healthcare sector successfully for many years, which has boosted the market in Europe and North America. These two regions are expected to remain dominant in the forecast period owing to the high prevalence of neurological and cardiovascular disorders in the high region. As per the statistics of the Heart Foundation (U.S.), approximately 80 million people in the U.S. suffer from some kind of heart disease.
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Europe follows North America in the global contract media injectors market. Asia-Pacific is anticipated to exhibit promising growth due to the ongoing and rapid economic growth of the region. Countries such as India, China, and Australia are boosting the market due to the fast growth of the medical industries in the region.
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Some of the prominent players in the market are Bracco Imaging S.p.A., Mallinckrodt Pharmaceuticals, Nemoto Kyorindo Co., Ltd., Medrad, Inc. ulrich GmbH & Co. KG, and VIVID IMAGING.
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Source:Transparency Market Research