Market Research Report
Investigation Report on China's Iodixanol Market 2021-2025
|Published by||China Research and Intelligence||Product code||1002604|
|Published||Content info||50 Pages
Delivery time: 1-2 business days
|Investigation Report on China's Iodixanol Market 2021-2025|
|Published: April 23, 2021||Content info: 50 Pages||
Iodixanol is a third-generation contrast agent that has good solubility and is isotonic to plasma. It is used for cardiovascular angiography, cerebrovascular angiography, abdominal angiography, and so on. Iodixanol was developed by Nycomed, a Norwegian company, naming VISIPAQUE (Nycomed was acquired by GE after the merge with Amersham, and become GE Healthcare). In 2001, Iodixanol entered the Chinese market. Currently, besides GE Healthcare, the other main manufacturers in China are Jiangsu Hengrui Medicine, Yangtze River Pharmaceutical, Nanjing Chia Tai Tianqing Pharmaceutical, and Beijing Beilu Pharmaceutical.
According to CRI's market research, the sales value of Iodixanol in the Chinese market has increased from 2016 to 2020. Th sales value of Iodixanol in China reached approximately CNY1.49 billion in 2020, with an increase of 1.52% YoY. The growth rate slowed down last year is because the COVID-19 epidemic causes a reduction in the number of operations in hospitals, which influences the sales of Iodixanol. The CAGR of sales value of Iodixanol in China is 27% in 2016 to 2020.
CRI analyzes that as the epidemic situation has been improved, the sales of Iodixanol will have a recovery growth from 2021 to 2025. In addition, the sales of Iodixanol will also increase due to the market expansion. According to the research, the sales of contrast agents are directly related to the holding volume of CT and MRI. The holding volume in China is much less than that in developed countries. For example, the holding volume of CT for a million people in China is 1/2 of that in the U.S., and 1/5 of that in Japan. Therefore, the number of equipment still has the potential to increase, which will lead the contrast agent market to expand. Iodixanol, as one of the most popular contrast agents, will continue to grow in the short term.