Market Insights
The use of imaging chemicals in the medical industry for diagnostic imaging purposes is becoming increasingly prevalent. This is primarily due to the rising demand for digital radiography, which has led to a strong increase in the consumption of imaging chemicals and materials. One of the factors driving this demand is the widespread adoption of mobile digital X-ray systems, particularly for applications such as dental, chest, and orthopedic imaging. The Imaging Chemicals market is estimated to grow at a CAGR of 6.5% by 2028, owing to the increasing usage of radiography for dental, chest, and orthopedic applications.
In recent years, there has been a significant focus on developing healthcare facilities in the Asia-Pacific region to cater to the growing population and healthcare needs. Governments in countries like India and China have made substantial investments in their medical industries. For instance, India has introduced the Ayushman Bharat program, aimed at enhancing healthcare infrastructure and accessibility.
Chemical imaging plays a crucial role in evaluating the identity, quality, and quantity of various components in different substances and forms. It is particularly valuable for analyzing active ingredients, intermediates, and excipients in bulk or solid dosage forms, biological samples, packaging materials, and devices. Employing chemical imaging techniques makes it possible to gain detailed insights into the composition and characteristics of different substances.
Segments' Analysis
|
Segmentations
|
List of Sub-Segments
|
Dominant and Fastest-Growing Segments
|
|
Type Analysis
|
Printing Inks and Image Developers
|
Printing Inks are anticipated to remain the biggest demand generator for imaging chemicals in the years to come.
|
|
Application-Type Analysis
|
Printing and Packaging, Medical, Textile, and Other Applications
|
Printing & packaging are anticipated to be the most preferred application and remains the biggest demand generators for imaging chemicals in the years to come.
|
|
Regional Analysis
|
North America, Europe, Asia-Pacific, and The Rest of the World
|
North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
|
Based on the Type
The Imaging Chemicals market is segmented into Printing Inks and Image Developers. Printing Inks are expected to remain the largest and the fastest-growing in the market during the forecast period. This segment encompasses printing inks that are utilized in various printing technologies such as offset, gravure, screen printing, as well as digital printing technologies. These inks are also used in spectral signatures in the form of inkjets and toner cartridges.
The growth of this segment can be attributed to its expanding applications in diverse industries such as textile packaging, medical diagnostics, printing, and packaging, among others. Furthermore, the increasing shift towards digital printing technology and the rising demand for imaging chemicals in the printing ink segment are major factors fueling the growth of the global market.
Application Type
The market is segmented into printing and packaging, medical, textile, and other applications. Printing & packaging are expected to remain the dominant as well as the faster-growing application types in the market during the forecast period. The printing and packaging industries have emerged as major consumers of imaging chemicals globally. This sector has garnered the largest market share due to its extensive utilization of imaging chemicals. As the demand for medical imaging printing continues to grow in the healthcare sector, the requirement for imaging chemicals is expected to increase substantially. Moreover, with the expanding production of plastic packaging materials, the demand for imaging chemicals for printing purposes is set to rise.
Regional Analysis
North America is expected to remain the largest market for imaging chemicals during the forecast period. The region boasts a robust market for imaging chemicals, driven by the presence of a considerable number of companies actively involved in the production and supply of these chemicals. The established market players in North America contribute to the overall growth and development of the industry by offering a diverse range of imaging chemicals and related products.
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the imaging chemicals market:
- Agfa-Gevaert Group
- Eastman Kodak Company
- FUJIFILM Corporation
- Hodogaya Chemical Co., Ltd.
- Harman Technology
- International Imaging Materials Inc.
- Kao Corporation
- Konica Minolta Inc.
- Toray Fine Chemicals Co., Ltd.
- Vivimedlabs
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
|
Key questions this report answers
|
Relevant contents in the report
|
|
How big is the sales opportunity?
|
In-depth analysis of the Imaging Chemicals Market
|
|
How lucrative is the future?
|
The market forecast and trend data and emerging trends
|
|
Which regions offer the best sales opportunities?
|
Global, regional, and country-level historical data and forecasts
|
|
Which are the most attractive market segments?
|
Market Segment Analysis and Forecast
|
|
What are the top players and their market positioning?
|
Competitive landscape analysis, Market share analysis
|
|
How complex is the business environment?
|
Porter’s five forces analysis, PEST analysis, Life cycle analysis
|
|
What are the factors affecting the market?
|
Drivers & challenges
|
|
Will I get the information on my specific requirement?
|
10% free customization
|
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
