Report Description
Ultrasound Gels Market Outlook 2031
The global ultrasound gels market size was USD 97.90 Billion in 2022 and is projected to reach USD 126.63 Billion by 2031 expand at a significant CAGR 2.9% during the forecast period, 2023–2031. The growth of the market is attributed to the rising procedural volume of ultrasound globally and growing adoption of ultrasound devices in point of care diagnostics.
Ultrasound gel is a coupling material that aids in the formation of a tight bond between the skin and the probe. Ultrasound gels help in the direct transmission of ultrasound waves to tissues and other sections of the body where imaging is required. Furthermore, propylene glycol, water, or color are used to make these gels.
It is a thick, transparent, and sticky substance that doesn't drop. The gel thickens the cream and allows it to spread across the skin. Moreover, silicone oil is used to alleviate the discomfort of urinary catheterization. This oil is a cutting-edge catheter lubricant. Ultrasound gels such as sterile Aquasonic 100, Aquasonic 100, SCAN ultrasound gel, and polysonic ultrasound lotion are commonly used.
However, ultrasound gel has become a necessity for any form of ultrasound imaging procedure. The chilling effect of ultrasound gel is minimized by using an ultrasound gel warmer. This is how many doctors get the gel to body temperature and the patient to feel comfortable and relaxed.
Due to the COVID-19 pandemic outbreak, the demand for medical supplies has been increased drastically to take care of targeted population. In primary clinical treatment, respiratory support equipment such as an atomizer, a monitor, an oxygen generator, and a life-support machine are most commonly used medical devices.
Furthermore, growing incidence of COVID-19 cases all around the world resulted in high demand for medical supplies for both civil population and healthcare professionals to take precautionary measures. On the other hand, manufacturers of these items have an opportunity to profit from the increased demand for medical supplies by ensuring a steady supply of personal protective equipment on the market. Thus, the pandemic is predicted to have a substantial impact on the ultrasound gel market as a result of these considerations.
Ultrasound Gels Market Trends, Drivers, Restraints, and Opportunities
- Growing awareness level related to screening for breast cancer and increasing demand for ultrasound gels from hospital, clinics and diagnostic centers are expected to upsurge the market growth during the forecast period.
- Cost-effective ultrasound gels and less harmful imaging procedures are some of the key factors fueling the market growth.
- Introduction of the colorless, odorless, glycerin free, and formaldehyde-free ultrasound gels are another driving factors propelling the market expansion.
- Rise in concern to protect the ultrasound transducer from damages and the introducing trend to deliver utmost patient satisfaction during treatment are expected to propel the market growth.
- Cooling effect of ultrasound gel, less comfort for patients, and limited resources available for healthcare facilities are some factors hindering the market expansion.
- Increasing concern to protect the ultrasound transducer from damages and introducing trend to offer ultimate patient satisfaction throughout treatment procedure are estimated to offer immense opportunity for the market expansion in the coming years.
Scope of the Ultrasound Gels Market Report
The report on the global ultrasound gels market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Ultrasound Gels Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Non-sterile and Sterile) and End-users (Clinics, Hospitals, Ambulatory Centers, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Eco-Med Pharmaceutical Inc.; Compass Health Brands; HR Pharmaceuticals Inc.; Ultragel Hungary 2000 Kft.; National Therapy Products Inc.; Sonogel Vertriebs GmbH, Inc.; Tele-Paper Malaysia; Parker Laboratories Inc.; Medline Industries Inc.; Besmed Health Business Corp.; and Scrip Inc.
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Ultrasound Gels Market Segment Insights
Non-sterile segment is expected to grow at a rapid pace
Based on types, the global ultrasound gels market is bifurcated by non-sterile and sterile. The non-sterile segment is expected to grow at a rapid pace during the forecast period. The recommendations for the cleaning and preparation of internal and external ultrasound probes, as well as the safe handling and use of coupling gel have been reapproved by the American Institute of Ultrasound in Medicine (AIUM) in March 2021.
Moreover, growing usage of external probe ultrasound procedures to examine the uterus, gall bladder, kidney, heart, reproductive organs, and liver is expected to boost the segment growth in the near future.
Hospital segment is projected to expand at a considerable CAGR
On the basis of end-users, the market is segmented into clinics, hospitals, ambulatory centers, and others. The hospital segment is projected to expand at a considerable CAGR during the forecast period owing to the growing cases of emergency patients’ visits in hospitals. Rising number of several health concerns such as vascular issues, chest pain, and acute abdominal pain are required to use ultrasound as the primary diagnostic tool.
However, the clinics segment is estimated to expand at a faster rate in the coming years attributed to the growing awareness level among people and cost effective ultrasound machines installed in clinics.
North America is anticipated to constitute a key market share
In terms of regions, the global ultrasound gels market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period due to the strong presence of major market players and well-established healthcare infrastructure in the region.
Moreover, favorable reimbursement policies and rising adoption of ultrasound at community level home healthcare centers and clinics in the region present another key aspect for the regional market growth. However, the market of Europe is estimated to grow at a considerable rate in the coming years attributed to high medical consumables consumption, increasing healthcare expenditure, and growing demand for medical imaging procedures.
Segments
The global ultrasound gels market has been segmented on the basis of
Types
End-Users
- Clinics
- Hospitals
- Ambulatory Centers
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Eco-Med Pharmaceutical Inc.
- Compass Health Brands
- HR Pharmaceuticals Inc.
- Ultragel Hungary 2000 Kft.
- National Therapy Products Inc
- Sonogel Vertriebs GmbH, Inc.
- Tele-Paper Malaysia
- Parker Laboratories Inc.
- Medline Industries Inc.
- Besmed Health Business Corp.
- Scrip Inc.
Competitive Landscape
Some of the major players competing the global ultrasound gels market are Eco-Med Pharmaceutical Inc.; Compass Health Brands; HR Pharmaceuticals Inc.; Ultragel Hungary 2000 Kft.; National Therapy Products Inc; Sonogel Vertriebs GmbH, Inc.; Tele-Paper Malaysia; Parker Laboratories Inc.; Medline Industries Inc.; Besmed Health Business Corp.; and Scrip Inc.
Major players are trying to expand their businesses in developing regions to increase their market share. Furthermore, companies are adopting marketing strategies such as new product development, mergers & acquisitions, and partnership & collaboration. For example, Parker Laboratories has attended the Florida International Medical Expo (FIME), which took place in June 2020 in Florida.
HR Pharmaceuticals has announced the expansion of its EcoVue product range in March 2021, with the introduction of EcoVue HV Ultrasound Gel, a high viscosity formula that is 35% thicker than the previous composition. Users may be able to select the ideal viscosity based on the technique with this service. SonoClear, a new acoustic coupling fluid from a start-up, was listed for clinical studies in February 2021 to evaluate its efficacy and safety. This coupling fluid has the ability to replicate normal brain waves.
Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ultrasound Gels Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ultrasound Gels Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ultrasound Gels Market - Supply Chain
4.5. Global Ultrasound Gels Market Forecast
4.5.1. Ultrasound Gels Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ultrasound Gels Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Ultrasound Gels Market Absolute $ Opportunity
5. Global Ultrasound Gels Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Ultrasound Gels Market Size and Volume Forecast by Types
5.3.1. Non-sterile
5.3.2.
Sterile
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Ultrasound Gels Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Ultrasound Gels Market Size and Volume Forecast by End Users
6.3.1. Clinics
6.3.2.
Hospitals
6.3.3.
Ambulatory Centers
6.3.4.
Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Ultrasound Gels Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Ultrasound Gels Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Ultrasound Gels Demand Share Forecast, 2019-2026
8. North America Ultrasound Gels Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Ultrasound Gels Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Ultrasound Gels Market Size and Volume Forecast by Types
8.4.1. Non-sterile
8.4.2.
Sterile
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Ultrasound Gels Market Size and Volume Forecast by End Users
8.7.1. Clinics
8.7.2.
Hospitals
8.7.3.
Ambulatory Centers
8.7.4.
Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Ultrasound Gels Demand Share Forecast, 2019-2026
9. Latin America Ultrasound Gels Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Ultrasound Gels Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Ultrasound Gels Market Size and Volume Forecast by Types
9.4.1. Non-sterile
9.4.2.
Sterile
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Ultrasound Gels Market Size and Volume Forecast by End Users
9.7.1. Clinics
9.7.2.
Hospitals
9.7.3.
Ambulatory Centers
9.7.4.
Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Ultrasound Gels Demand Share Forecast, 2019-2026
10. Europe Ultrasound Gels Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Ultrasound Gels Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Ultrasound Gels Market Size and Volume Forecast by Types
10.4.1. Non-sterile
10.4.2.
Sterile
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Ultrasound Gels Market Size and Volume Forecast by End Users
10.7.1. Clinics
10.7.2.
Hospitals
10.7.3.
Ambulatory Centers
10.7.4.
Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Ultrasound Gels Demand Share Forecast, 2019-2026
11. Asia Pacific Ultrasound Gels Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Ultrasound Gels Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Ultrasound Gels Market Size and Volume Forecast by Types
11.4.1. Non-sterile
11.4.2.
Sterile
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Ultrasound Gels Market Size and Volume Forecast by End Users
11.7.1. Clinics
11.7.2.
Hospitals
11.7.3.
Ambulatory Centers
11.7.4.
Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Ultrasound Gels Demand Share Forecast, 2019-2026
12. Middle East & Africa Ultrasound Gels Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Ultrasound Gels Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Ultrasound Gels Market Size and Volume Forecast by Types
12.4.1. Non-sterile
12.4.2.
Sterile
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Ultrasound Gels Market Size and Volume Forecast by End Users
12.7.1. Clinics
12.7.2.
Hospitals
12.7.3.
Ambulatory Centers
12.7.4.
Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Ultrasound Gels Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Ultrasound Gels Market: Market Share Analysis
13.2. Ultrasound Gels Distributors and Customers
13.3. Ultrasound Gels Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Eco-Med Pharmaceutical Inc.
13.4.2.
Compass Health Brands
13.4.3.
HR Pharmaceuticals Inc.
13.4.4.
Ultragel Hungary 2000 Kft.
13.4.5.
National Therapy Products Inc
13.4.6.
Sonogel Vertriebs GmbH, Inc.
13.4.7.
Tele-Paper Malaysia