The U.S. contrast media market generated revenues of $1.032 billion in 2001, and is expected to reach $1.427 billion with a compounded annual growth rate of 4.7% in 2008, according to a report recently published by market research firm Frost & Sullivan of San Jose, CA.
Frost research analyst Ken Olson said that ultrasound contrast media with proven clinical effectiveness have an "extreme growth opportunity," as fewer than 100,000 ultrasound procedures in 2001 involved ultrasound contrast media.
In addition, the MR contrast sector is generating double-digit growth, and contrast agents indicated for cardiovascular procedures, such as MR angiography and myocardial perfusion, have bright futures, according to the company.
By AuntMinnie.com staff writersSeptember 9, 2002
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