Microbubbles/Ultrasound Contrast Agents Market to be Worth $1.95 Billion by 2030

Meticulous Research®—a leading market research company, published a research report titled, ‘Microbubbles/Ultrasound Contrast Agents Market by Application (Diagnostic Imaging [Cardiovascular, Renal, Abdominal, Breast] Therapeutics) Type (Lipid, Protein, Polymer) End User (Hospitals & Clinics, Diagnostics Laboratories) – Global Forecast to 2030.’

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According to this latest publication from Meticulous Research®, the microbubbles/ultrasound contrast agents market is projected to reach $1.95 billion by 2030, at a CAGR of 15.2% from 2023 to 2030. The aging population, coupled with the rising prevalence of chronic diseases, technological advancements in ultrasound imaging technologies, high demand for image & diagnostics-guided procedures, and favourable reimbursement policies for contrast-enhanced procedures, are driving the growth of this market. In addition, increasing microbubbles/ultrasound contrast agents-related research activities will likely offer growth opportunities for the market. However, the complexity involved in contrast-enhanced ultrasound (CEUS) is expected to restrain the market's growth to some extent.

The key players profiled in the microbubbles/ultrasound contrast agents market report are Lantheus Holdings, Inc. (U.S.), GE HealthCare Technologies Inc. (U.S.), Bracco S.p.A. (Italy), Bristol-Myers Squibb Company (U.S.), Daiichi Sankyo Company, Limited (Japan), nanoPET Pharma GmbH (Germany), Leriva (Greece), Siemens Healthineers AG (Germany), Bayer AG (Germany), and Fujifilm Holdings Corporation (Japan).

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The microbubbles/ultrasound contrast agents market is segmented by type [lipid microbubbles, protein microbubbles, polymer microbubbles], application [diagnostics imaging {cardiovascular imaging, renal imaging, abdominal imaging, breast imaging, other diagnostics imaging applications}, therapeutic applications], end user (hospitals & clinics, diagnostics laboratories, other end users], and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Based on type, in 2023, the lipid microbubbles segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. Lipid-based microbubbles represent a new class of agents with diagnostic and therapeutic applications. Stabilizing lipid-based microbubbles creates low-density particles with unusual properties for diagnostic imaging and drug delivery. Due to their advantages, research studies are also carried out to widen their therapeutic applications, such as tumor-targeted therapy, brain-targeted therapy, and immunotherapy. This further contributes to the segment's largest share.

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Based on application, the microbubbles/ultrasound contrast agents market is segmented into diagnostics imaging and therapeutics. The diagnostics imaging is further segmented into cardiovascular imaging, renal imaging, abdominal imaging, and breast imaging. The diagnostics segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market in 2023. The large market share of this segment is attributed to the increase in demand for radiation-free and non-invasive diagnostic modalities for testing various disorders, including cardiovascular, breast, and abdominal conditions.

Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. The large market share of the segment is attributed to the rise in the number of hospital admissions owing to the significant rise in spending on health, the rising number of healthcare facilities in emerging countries, and the well-established infrastructure of hospitals and clinics.

Based on geography, in 2023, North America is expected to account for the largest share of the microbubbles/ultrasound contrast agents market. The rising demand for imaging and diagnostics-guided procedures, the presence of several key market players, and advanced healthcare systems in North America support the large share of this market.

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