Imaging Agents Market Size and Share

Imaging Agents Market Summary
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Imaging Agents Market Analysis by Mordor Intelligence

The imaging agents market size stood at USD 6.21 billion in 2025, and it is forecast to attain USD 7.95 billion by 2030 at a 5.2% CAGR. Demand resilience is anchored in the modality-agnostic role of contrast agents, expanding procedure volumes tied to chronic disease prevalence, and continuous hardware innovation that lifts diagnostic accuracy while lowering dose exposure. Asia Pacific registers the quickest expansion, propelled by hospital build-outs and rapid adoption of advanced CT and PET technologies, whereas North America retains a 35.9% revenue share through entrenched clinical protocols and reimbursement support. Product innovation is accelerating in nanoparticle and high-relaxivity formulations that satisfy new low-dose mandates and capitalize on photon-counting CT’s spectral capabilities. Competitive momentum is shifting toward firms that bundle AI-enabled image-optimization software with proprietary agents, helping providers manage cost and sustainability constraints while maintaining image quality.

Key Report Takeaways

  • By product type, iodinated media held 46.6% of the imaging agents market share in 2024, while nanoparticle and other emerging agents are forecast to record the fastest 6.5% CAGR through 2030.
  • By imaging modality, X-ray/CT dominated with 62.2% share of the imaging agents market size in 2024; photon-counting CT and hybrid systems are projected to grow at 5.1% CAGR to 2030.
  • By geography, North America captured 35.9% revenue share in 2024; Asia Pacific is advancing at a 6.1% CAGR through 2030.

Segment Analysis

By Product Type: Nanoparticles Drive Innovation Despite Iodinated Dominance

Iodinated media continued to deliver 46.6% of imaging agents' market share in 2024, backed by deep clinical familiarity and ubiquitous CT utilization. Even so, regulatory scrutiny and dose-reduction imperatives curtail growth momentum, creating white space for alternatives. Gadolinium products remain the second-largest revenue contributor, though policy-driven dose caps in Europe restrain volume expansion. Microbubble ultrasound agents serve cardiac and hepatic niches with predictable but limited uptake. The fastest-advancing category is nanoparticles and other emerging formulations, expanding at 6.5% CAGR as developers secure FDA approvals for manganese-based MRI and PSMA-targeted PET tracers. If early clinical adoption continues, nanoparticles could command a disproportionate share of value despite smaller volume contribution, reinforcing the innovation thesis underpinning long-term market resilience.

Second-order effects include supply-chain recalibration to handle novel raw materials and cold-chain requirements. Vendors that integrate vertically, forging isotope-production joint ventures or acquiring radiopharmacies, secure margin and distribution control. Health-technology-assessment bodies increasingly rely on cost-effectiveness data rather than acquisition price alone, favoring targeted agents that eliminate downstream interventions. Providers in high-volume centers leverage automated injectors with RFID-tagged vials to minimize wastage, indirectly boosting demand for premium single-patient doses that assure traceability and reimbursement compliance

Imaging Agents Market: Market Share by Product Type
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By Imaging Modality: Photon-Counting CT Reshapes Traditional Hierarchies

X-ray/CT retained 62.2% share of imaging agents market size in 2024, cemented by emergency-department ubiquity and the modality’s speed advantage. However, prospective replacement of energy-integrating detectors with photon-counting variants is altering dose paradigms and elemental specificity. Early adopter sites report 15% reduction in contrast volume per study alongside improved plaque characterization, prompting vendors to launch high-Z prototypes optimized for multi-energy bins. MRI holds the second-largest slice, yet gadolinium concerns motivate trials of iron-oxide and manganese chelates that dovetail with low-field systems. Ultrasound microbubbles stay confined to echocardiography and hepatic lesion characterization, whereas nuclear medicine advances in F-18 and Ga-68 labeled tracers secure separate reimbursement and fuel procedural growth.

Hybrid technologies that blend CT attenuation correction with PET functional mapping tighten interdependence between agent and hardware design. Vendors offering harmonized kits of PET tracers and CT contrast capitalise on this convergence, improving scan efficiency and patient throughput. Economic incentives, such as the recently doubled reimbursement for cardiac CT angiography, accelerate modality shift and indirectly spur specialized contrast demand.

Imaging Agents Market: Market Share by Product Type
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Geography Analysis

North America anchored 35.9% of revenue in 2024 and remains the prime locus for AI-enabled dose-optimization rollouts and expedited radiopharmaceutical approvals. Value-based care directives stimulate the procurement of agents proven to lower follow-up imaging. Europe mirrors these dynamics but overlays stringent environmental and safety norms that reshape product mix and packaging innovation. 

The imaging agents market size for Asia Pacific is projected to increase significantly as tertiary hospitals proliferate and the government plans to triple nuclear medicine capacity in China by 2035. Multinationals frequently partner with local cyclotron operators to navigate distribution regulations and ensure radionuclide availability.

South America remains bifurcated; Brazil introduces PET reimbursement codes that spur private-sector installations, while Argentina and Colombia struggle with currency volatility that hampers import affordability. Middle East & Africa gain modest traction through Gulf-state investments in cancer centers, yet widespread adoption awaits expanded insurance coverage. Across emerging regions, scalable pricing tiers and vial-sharing programs enhance accessibility without eroding premium positioning in developed markets. Vendors fine-tune regulatory filings to reflect divergent pharmacovigilance requirements, shortening time-to-market and locking in early formulary wins.

Imaging Agents Market CAGR (%), Growth Rate by Region
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Competitive Landscape

Consolidation is moderate, with the top five suppliers controlling roughly 68% of global revenue, attributed to extensive manufacturing capacity, exclusive patents, and long-standing hospital contracts. Bracco, GE HealthCare, and Guerbet lead iodinated and gadolinium segments, whereas Telix, Novartis’ Advanced Accelerator Applications, and Lantheus outperform in radiopharmaceutical niches. Competitive vectors pivot on product diversification, AI-enabled image enhancement, and end-to-end service bundles that extend beyond vials to include injectors, informatics, and protocol training. Sustainability credentials have emerged as a differentiator in European tenders, prompting manufacturers to redesign packaging with recyclable polymers and to trial gadolinium recovery programs.

Strategic investment patterns underscore a shift toward radiometal production infrastructure and digital ecosystems. Telix’s USD 250 million acquisition of RLS Radiopharmacies secured a nationwide U.S. dispensing network for short-half-life tracers, reducing last-mile bottlenecks and elevating customer stickiness. GE HealthCare’s collaboration with AWS to build generative-AI diagnostic tools signals intent to augment contrast agents with automated lesion detection, fostering a virtuous cycle of richer images and dosing efficiency. Price competition in commoditized iodinated categories persists but is partially offset by the margin uplift from premium micro-dose and theranostic agents.

Barriers to entry remain high due to GMP manufacturing requirements, isotope supply constraints, and capital-intensive trial programs. Nevertheless, venture-backed startups exploiting nanoparticle technology or chelate-free MRI alternatives attract funding by targeting niche indications with orphan-drug-like dynamics that promise accelerated regulatory review and premium pricing.

Imaging Agents Industry Leaders

  1. GE Healthcare

  2. Bayer AG

  3. Bracco Imaging SpA

  4. Guerbet Group

  5. Lantheus Medical Imaging

  6. *Disclaimer: Major Players sorted in no particular order
Imaging Agents Market Concentration
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Recent Industry Developments

  • March 2025: FDA approved Gozellix (TLX007-CDx) as a PSMA-PET agent with extended shelf life.
  • February 2025: FDA accepted BLA for TLX250-CDx (Zircaix) for kidney cancer imaging and granted priority review.
  • October 2024: FDA cleared Bracco Diagnostics’ AiMIFY AI software that doubles contrast enhancement in brain MRI.

Table of Contents for Imaging Agents Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rapid Rise Of Chronic Diseases & Imaging Procedure Volumes
    • 4.2.2 Continuous Modality Innovations Enabling Low-Dose, High-Definition Scans
    • 4.2.3 Growing Geriatric Population With Complex Diagnostic Needs
    • 4.2.4 Expanding Minimally-Invasive, Image-Guided Interventions
    • 4.2.5 Photon-Counting CT Unlocking Demand For Novel High-Z Contrast Agents
    • 4.2.6 Sustainability Push Toward Micro-Dose & Recyclable Contrast Formulations
  • 4.3 Market Restraints
    • 4.3.1 Safety Concerns & Regulatory Curbs On Gadolinium And Iodinated Agents
    • 4.3.2 Price Pressures From Reimbursement Cuts & Hospital Tenders
    • 4.3.3 Emerging Environmental Rules On Iodinated Waste Streams
    • 4.3.4 Iodine Feed-Stock & Trade-Tariff Driven Supply-Chain Volatility
  • 4.4 Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry

5. Market Size & Growth Forecasts (Value)

  • 5.1 By Product Type
    • 5.1.1 Iodinated Contrast Media
    • 5.1.2 Gadolinium-based Contrast Media
    • 5.1.3 Microbubble Ultrasound Contrast
    • 5.1.4 Barium-based Contrast Media
    • 5.1.5 Nanoparticle & Other Emerging Agents
  • 5.2 By Imaging Modality
    • 5.2.1 X-ray / CT
    • 5.2.2 Magnetic Resonance Imaging (MRI)
    • 5.2.3 Ultrasound
    • 5.2.4 Nuclear Imaging (PET / SPECT)
    • 5.2.5 Others
  • 5.3 By Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Italy
    • 5.3.2.5 Spain
    • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 South Korea
    • 5.3.3.5 Australia
    • 5.3.3.6 Rest of Asia Pacific
    • 5.3.4 Middle East & Africa
    • 5.3.4.1 GCC
    • 5.3.4.2 South Africa
    • 5.3.4.3 Rest of Middle East & Africa
    • 5.3.5 South America
    • 5.3.5.1 Brazil
    • 5.3.5.2 Argentina
    • 5.3.5.3 Rest of South America

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)}
    • 6.3.1 Bayer AG
    • 6.3.2 GE Healthcare
    • 6.3.3 Bracco Imaging SpA
    • 6.3.4 Guerbet Group
    • 6.3.5 Lantheus Medical Imaging
    • 6.3.6 Daiichi Sankyo Co. Ltd.
    • 6.3.7 Curium Pharma
    • 6.3.8 Telix Pharmaceuticals Ltd.
    • 6.3.9 Cardinal Health Inc.
    • 6.3.10 Advanced Accelerator Applications (Novartis)
    • 6.3.11 Blue Earth Diagnostics
    • 6.3.12 Jubilant Radiopharma
    • 6.3.13 Eckert & Ziegler AG
    • 6.3.14 Y-mAbs Therapeutics
    • 6.3.15 Theragnostics Ltd.
    • 6.3.16 Spago Nanomedical AB
    • 6.3.17 Miltenyi Biotec GmbH
    • 6.3.18 SOFIE Biosciences
    • 6.3.19 Iofina plc
    • 6.3.20 NanoMab Technology Ltd.

7. Market Opportunities & Future Outlook

  • 7.1 White-space & Unmet-Need Assessment
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Global Imaging Agents Market Report Scope

By Product Type
Iodinated Contrast Media
Gadolinium-based Contrast Media
Microbubble Ultrasound Contrast
Barium-based Contrast Media
Nanoparticle & Other Emerging Agents
By Imaging Modality
X-ray / CT
Magnetic Resonance Imaging (MRI)
Ultrasound
Nuclear Imaging (PET / SPECT)
Others
By Geography
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific China
Japan
India
South Korea
Australia
Rest of Asia Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America
By Product Type Iodinated Contrast Media
Gadolinium-based Contrast Media
Microbubble Ultrasound Contrast
Barium-based Contrast Media
Nanoparticle & Other Emerging Agents
By Imaging Modality X-ray / CT
Magnetic Resonance Imaging (MRI)
Ultrasound
Nuclear Imaging (PET / SPECT)
Others
By Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia Pacific China
Japan
India
South Korea
Australia
Rest of Asia Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America
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Key Questions Answered in the Report

What revenue is projected for global imaging agents by 2030?

The market is forecast to reach USD 7,954.87 million by 2030.

Which region is expanding the fastest?

Asia Pacific is advancing at a 6.1% CAGR through 2030, outpacing all other regions.

How large is the iodinated contrast segment today?

Iodinated media held 46.6% imaging agents market share in 2024.

What new imaging technology most influences agent development?

Photon-counting CT is reshaping contrast requirements by enabling spectral imaging at lower doses.

Which company reported the highest recent growth?

Telix Pharmaceuticals posted 63% year-over-year revenue growth in Q2 2025.

What policy change boosted high-cost radiopharmaceutical reimbursement?

CMS unbundled payments for diagnostic radiopharmaceuticals above USD 630 per procedure in November 2024.

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