Ultrasound Gel Market

Ultrasound Gels Market Size and Growth Rate (2023-2028)

The Global ultrasound gels market was valued at USD 105.20 million in 2023 and is anticipated to reach nearly USD 129.67 million by 2028, with a rise in CAGR of 5.2% from 2023 to 2028.

Impact of Covid-19 on the Ultrasound Gels Market:

The ultrasound gel market was adversely affected during the initial phases of the pandemic crisis. The ultrasound gel was used to facilitate the structural evaluation of lung damage caused by novel coronavirus infection. The number of lung ultrasound procedures rising significantly during the pandemic boosted the growth of the market during the crisis. Due to social isolation, strict restrictions and lockdowns led to significant disruption in the global supply chains which majorly hampers the production, distribution, and transportation of ultrasound gels leading to shortages and delays in the availability. The pandemic causes a rise in the need for medical equipment, there was an increased demand for ultrasound procedures to assess and monitor the lung function of patients affected by the novel coronavirus, and this led to a rise in the demand for ultrasound gels. The pandemic situation led to a rise in research and development activities, which led to the innovation in ultrasound gels. The pandemic crisis affects the global ultrasound gel market in both ways, it gives some opportunities to these market but these market also faces some challenges due to the pandemic crisis.

MARKET DRIVERS:

The key factor that boosts the growth of the global ultrasound gel market is the rising number of ultrasound procedures.

The ultrasound gel is a vital component used during the ultrasound procedures to ensure proper transmission of ultrasound waves between the transducer and the skin, to improve the image quality and accuracy. Ultrasound imaging is used in diagnosing and monitoring a wide range of medical conditions, including prenatal care, abdominal issue, and cardiac condition, as the prevalence of these medical conditions rises, thus the demand for ultrasound procedures increases ultimately rising the demand for ultrasound gel thus this factor help in boosting the growth of the market during the projected period.

Another key factor propelling the growth of the market is the technological advancement in ultrasound gel preparation.

The advancement in the gel preparation technique allowed the manufacturer to develop gels with optimal viscosity, these properties leading to improve quality and diagnostic accuracy. Research and development focuses more on the formulation of ultrasound gels thus it helps to reduce the risk of adverse reactions which helps to make the gel safer and more widely applicable. Technological advancements have led to improved gel formulations with longer shelf life and also help to increase stability, this allows healthcare facilities and providers to stock larger quantities of the gel without concern about its efficacy, advancement in ultrasound gels led to enhance signal transmission during the ultrasound procedures, which led to better imaging results, thus this factor help in boosting the growth of the market during the projected period.

The third factor fueling the growth of the market is the rising usage of ultrasound gels in different therapy boost the growth of the ultrasound gels market. Ultrasound therapy is widely used in physiotherapy and rehabilitation to treat musculoskeletal conditions, and joint pain, the ultrasound gel worked as a coupling agent, facilitating the transmission of the ultrasound wave into the body, which helps to promote tissue healing and help to reduce pain and inflammation. To manage chronic pain condition, the ultrasound-guided pain management procedure is used to treat sport-related injuries, the ultrasound gel act as an essential component to deliver this treatment effectively thus this factor majorly contributing to favoring the growth of the ultrasound gel market.

The other key factor propelling the growth of the global ultrasound gel market include technological advancement, rising research and development activity, advancement in the ultrasound gel preparation, the rising number of ultrasound procedures, low cost of ultrasound gel, the convenience of use, the diagnosis of cancer, intestinal illness, rising number of product launches fuel the growth of the market.

MARKET RESTRAINTS:

There are many factors rapidly driving the growth of the ultrasound gel market but there are some factors that negatively hamper the overall growth of the global ultrasound gel market. The concern regarding the use of non-sterile ultrasound gels and the major challenges that arises while creating the gel majorly limits the overall growth of the market. Ultrasound procedures are majorly used in various therapies, these procedures involve direct contact between gel and the patient’s skin, the non-sterile gel potentially introduce harmful microorganism and increase the risk of infection, healthcare facilities must ensure patient safety and limit the use of non-sterile gel which led to adverse outcome and harm patient thus this factor negatively impacted the ultrasound gel market and restrain the growth of the market. The non-compliance associated with the regulatory requirement leads to product recalls, legal consequences, and reputational damage, the creation of ultrasound gels with consistent quality and properties is more challenging, variation in formulation might affect the gel performance during the ultrasound procedures, and this factor majorly hampers the overall growth of the market.

REPORT COVERAGE:

This research report on the global ultrasound gel market has been segmented and sub-segmented based on type, end-user, and region.

Ultrasound Gels Market- Based on Type

• Non-sterile
• Sterile

Based on type, Non-sterile gel held the largest market share of 73.4% in 2022 and is anticipated to continue to dominate the market during the projected period. External ultrasound procedures are performed on intact skin and they might require disinfection and a low level of cleaning after each use, external ultrasound procedures are majorly used for the diagnosis of cancer, kidney, and intestinal disease, and non-sterile gel is majorly used in the external ultrasound procedures, thus this segment expected to show lucrative growth in the global ultrasound gel market.

The sterile gel is also anticipated to grow at the fastest CAGR and earn more market revenue during the projected period. The growing emphasis on patient safety, regulatory compliances, clinical guideline, and rising patient preference for sterile gel this all factor contribute to the overall growth of these segments and fuel the market growth in the projected period

Ultrasound Gels Market- Based on End-user

• Hospitals
• Clinics
• Diagnostic center
• Ambulatory center

Based on End-User, the Hospital segment held the largest market revenue share of 56.9% in 2022 and is anticipated to grow at the fastest CAGR in upcoming years. The factors such as the rising number of emergency visits to hospitals generate problems such as chest pain, abdominal pain, and vascular problems, in all of these problems ultrasound procedures act as a more important diagnostic tool, which directly boosts the growth of the ultrasound gel market.

Ambulatory centers and clinic is another segment expected to grow at a significant CAGR during the projected period. The rising awareness among the healthcare provider regarding the importance of early intervention in decreasing the cost of healthcare expenditure has increased the installation rate of ultrasound clinics, the emerging number of ultrasound units in the clinics has majorly contributed to growing the demand for ultrasound gel in this segment and help in fueling the growth of the ultrasound gel market.

Ultrasound Gels Market- Based on Region

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa

North America is the leading region in the global ultrasound gel market. This region held the largest market revenue of 42.7% in 2022. The factors such as the presence of a major market key player developed the healthcare infrastructure, also there are streamlined reimbursement policies in this region, additionally, there is rising the acceptance and adoption of ultrasound procedures at specialized clinics majorly driving the market growth in this region.

Europe is the second-largest region anticipated to grow at the fastest CAGR during the projected period. The major factor boosting the growth of the market in this region include growing healthcare expenditure, rising medical imaging procedures, and higher consumption of medical consumables boosting the growth of the market. Also, the rising prevalence of cardiovascular diseases and cancer in Sweden, are all factors boosting the growth of the market in this region.

The Asia-Pacific region is expected to show lucrative growth in this region and is anticipated to dominate the market at the longest CAGR during the projected period. Factors such as technological advancement and developing healthcare facilities, also the presence of several small-scale domestic manufacturers in the countries such as China, japan, and India anticipated boosting the market growth. the rise in the birth rate, growing awareness about prenatal care, and economic reform activities, are all factors contributing to the overall growth of the market in this region.

Latin America is another region expected to grow at a significant CAGR during the projected period. Factors such as rising healthcare expenditure, advancement in medical technology, growing geriatric population, and rising prevalence of chronic conditions this all factors fueling the growth of the market.

The Middle East and Africa region is also expected to show lucrative growth and grow at a healthy CAGR in the global ultrasound gel market.

KEY MARKET PLAYERS:

The prominent key player in the global ultrasound gels market are AiM Medical Technologies, LLC Ultragel Hungary 2000 Kft., Eco-, National Therapy Products Inc., Phyto Performance Italia S.R.L, Trivitron Healthcare Pvt. Ltd, Med Pharmaceutical Inc., Chhenna Corporation, Parker Laboratories, Inc., HR Pharmaceuticals, Inc., and Sumitomo Heavy Industries, Ltd.

RECENT MARKET DEVELOPMENTS:

• In November 2022, Parker Laboratories Inc. showcased its wide range of ultrasound and electrometrical contact media and leading lines of institutional cleaners and disinfectants at MEDICA 2022.
• In February 2022, YUSO technology launched a Smart Ultrasound Gel Dispenser, which is used to assist the sonographer in squeezing the ultrasound gel instead of the hand, and there’s a heating function to warm the gel as well.
• In May 2021, The American Institute of Ultrasound in Medicine released a statement in May 2021 about the use of polyethylene glycol (peg) in ultrasound contrast agents.