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ULTRASOUND GELS MARKET REPORT SCOPE AND OVERVIEW:

The Ultrasound Gels Market size is projected to grow from $95.85 million in 2022 to $124.2 million by 2030, at a CAGR of 3.3% during the forecast period.

The market for ultrasound gels is seeing demand for a variety of formulations as they capitalize on the trend of multimodal imaging diagnostic devices for use in gynaecological applications, including pregnancy, and disease management. The gel's formulation and the advancements in technique have left their mark on the market's changing contours. Gels with a low risk of UTIs related to catheter use are becoming more and more popular, opening up new product development opportunities for industry players. Additionally, physicians are choosing water-based formulations because they improve imaging results in terms of image quality and patient comfort. Another interesting market is silicon oil because of its non-toxic qualities. In the upcoming years, it is anticipated that patients will receive additional novel formulations.

Major factors anticipated to accelerate the growth and demand of the Ultrasound gels market is the fact that ultrasonography is a real-time imaging technique that is less costly, simpler to use, and less harmful than other imaging methods. Moreover, during the projected period of 2023 to 2030, the growing target population and increased awareness of breast cancer screening are also fueling the growth of the global market. Additionally, the increase in ultrasound procedures performed globally is probably going to help the market expand. The rapid technological advancements in Ultrasound gels and the rise in point-of-care diagnostics and monitoring are also important factors that are anticipated to drive the Ultrasound gels market's growth.   

MARKET DYNAMICS

Drivers

  • For ultrasound scans, ultrasound gel is a must, and medical facilities need to have it.

Healthcare facilities must have ultrasound gel because it is necessary for ultrasound scans. The demand for Ultrasound gels has increased as a result of the growing use of ultrasonography during scans. A popular and reasonably priced imaging technique for treating and diagnosing a range of illnesses is ultrasound. It is extensively utilized in the early diagnosis and confirmation of various complex disorders, such as those related to cardiology, obstetrics, gynecology, and cancer detection. The adoption of high-resolution imaging-based in-vitro fertilization techniques and the rise in birth rates around the world are two more factors driving the Ultrasound gels market's expansion.

Restraint

  • The use of non-sterile Ultrasound gels and the difficulties in developing gels with the fewest side effects.

Hospital and healthcare-associated infections (HAIs) have increased significantly as a result of the use of non-sterile ultrasound gels. Non-sterile gels are widely available and reasonably priced. Nevertheless, because it is non-sterile, patients with wounds in the area that needs to be examined or those who are prone to infection cannot have their skin treated with it. In these situations, an extra step is added to the ultrasound gel processing process in order to sterilise the gel and improve its suitability for the patients in question. The cost of producing and storing gel increases due to the extra sterilisation step, which is predicted to limit market revenue growth. Sterile gels have a high potential for contamination from environmental microorganisms. This might result in gel waste and the need to shorten the gel's shelf life, which would impede the market's ability to grow in terms of revenue. Furthermore, it has been noted that certain Ultrasound gels on the market can infect patients after application. Following the discovery of bacterial contamination in the non-sterile varieties, Eco-Med Pharmaceuticals, Inc. recalled a number of ultrasound gel batches in the first quarter of 2021. Moreover, gels containing propylene glycol cause the skin to become dry and flaky and leave a greasy, sticky residue in their wake. These are a few more variables that might impede market revenue growth in the coming years.

Opportunities

  • Growing inclination towards gadgets/ devices

Due to the increasing number of ultrasound units in clinics and the increasing prevalence of handheld ultrasound devices, there is a growing need for ultrasound gel to ensure the best image quality as more clinics and hospitals use ultrasound technology in their medical procedures. This trend is expected to fuel market growth in the future as demand for ultrasound operations rises globally.

Challenges

  • Ultrasound gels comes with some side effects

Ultrasound gels are essential for ultrasonography procedures, but they have some drawbacks, such as greasy residue or dry, flaky skin. These problems are more likely to occur with oil-based gels or those containing propylene glycol. While it is rare for ultrasound gel to contain bacteria, the FDA restricts the use of multi-use bottles to prevent cross-contamination. It's also possible for some people to develop skin allergies from the gel, though this is rare. During the projected period, the global market's growth may be impeded by these side effects, which may discourage customers from using ultrasound gels.

IMPACT OF RUSSIAN UKRAINE WAR

Russia's invasion of Ukraine put additional pressure on essential goods like food and energy. Sanctions against Russia and lower output from both nations contributed to this outcome. Further cost increases led to inflation rates that significantly outpaced growth in wages.

The war has reduced the potential growth in 2022 by making people hesitant to invest in medical equipment, especially given the rapidly deteriorating outlook for the global economy. In 2022, new uncertainties have arisen due to global supply chain challenges. Several vendors have experienced longer lead times, and some have been compelled to raise ultrasound gel prices. The ultrasonic gels market still has promising long-term prospects despite the current short-term challenges.

IMPACT OF ECONOMIC DOWNTURNS

During a recession, people put off getting medical care in order to save money. A survey was conducted by the American Academy of Family Physicians (AAFP) during the recession. Families with low incomes used fewer healthcares and instead spent their money on necessities and non-medical items.

Access to healthcare can suffer during economic downturns. For example, a slowdown can frequently cause families to postpone or even forgo necessary healthcare in an economy where medical costs are high and even unaffordable for many.

Market Segmentation

By Type

  • Non-sterile

  • Sterile

Throughout the projection period, the non-sterile segment's increase in Ultrasound gels market share will be noteworthy. In the global Ultrasound gels market, non-sterile Ultrasound gels accounted for the largest segment, and this trend is expected to persist throughout the forecast period. For low-risk external, general ultrasound examinations on intact skin, non-sterile Ultrasound gels are advised. The segment is growing because non-sterile gels are being used in ultrasound scans more and more. Non-sterile gels are necessary for ultrasound scans on pregnant women in order to obtain a clear image of the fetus.

By End-user

  • Hospitals

  • Clinics

  • Diagnostic Center

  • Ambulatory Center

Between 2022 and 2030, the hospital segment is anticipated to hold the largest revenue share in the worldwide ultrasound gel market. The segment's revenue is growing as a result of a growing need for Ultrasound gels in hospitals throughout the world to perform safe, effective, and accurate ultrasound scans. The market for ultrasound gel is growing along with the need for safe products with few side effects. This is anticipated to accelerate the segment's growth.

REGIONAL ANALYSIS

Over the course of the forecast period, North America will account for 42% of the market's growth. The two largest markets in North America for Ultrasound gels are the US and Canada. This region's market will grow more slowly than other regions'. Over the course of the forecast period, the growing number of ultrasound procedures will support the growth of the Ultrasound gels market in North America. In-depth details about the marketing gaps, competitive landscape, and local vendor opportunities are included in this market research report. This information will help create effective business plans.

Over the projection period, the European market is anticipated to grow at a rapid rate in terms of revenue CAGR. Rapid growth in the pharmaceutical and medical sector increases demand for ultrasound gel, driving the ultrasound gel market revenue growth. Strong manufacturer presence of ultrasonic gel in the region's nations is anticipated to propel market revenue expansion. The development of the European ultrasound gel market is anticipated to be driven by a growing dedication to public health through the development of gels with negligible or no side effects.

Over the projection period, the Asia-Pacific market is anticipated to grow at a consistent rate in terms of revenue CAGR. Asia-Pacific is witnessing a surge in the use of ultrasound gels, both sterile and non-sterile, in medical facilities such as hospitals and clinics. This is anticipated to propel the ultrasound gel market's revenue growth. Additionally, it is projected that government initiatives to lower the cost of healthcare and increase accessibility, as well as measures to lower the number of infections linked to healthcare, will increase access to healthcare across this region's nations and propel the growth of the Asia-Pacific ultrasound gel market.

REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players

Some of the players of Ultrasound gels Market are Chhenna Corp., Compass Health Brands, Geltek Medica, General Electric Co., HR Pharmaceuticals Inc., Medline Industries LP, MYT Enterprises, National Therapy Products Inc., Nissha Co. Ltd., Oji Holdings Corp., OrthoCanada Inc., Parker Laboratories Inc. and other players.

Recent Trends in the Ultrasound gels Market

Demand for odourless, colourless, and stain-free Ultrasound gels is rising as worries about damaging the ultrasonic transducer and the growing trend of ensuring maximum patient satisfaction during treatment grow.

Ultrasound Gels Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 95.85 Million
Market Size by 2030  US$ 124.2 Million
CAGR   CAGR of 3.3 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Non-Sterile, Sterile)
• By End-Users (Hospital, Clinics, Diagnostic Center, Ambulatory Center)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Chhenna Corp., Compass Health Brands, Geltek Medica, General Electric Co., HR Pharmaceuticals Inc., Medline Industries LP, MYT Enterprises, National Therapy Products Inc., Nissha Co. Ltd., Oji Holdings Corp., OrthoCanada Inc., Parker Laboratories Inc.
Key Drivers • For ultrasound scans, ultrasound gel is a must, and medical facilities need to have it.
Market Opportunities • Growing inclination towards gadgets/ devices

 

Frequently Asked Questions

Ans. The market for ultrasound gel was valued at USD 95.85 million globally in 2022.

Ans. The global ultrasound gel market is expected to register revenue Compound Annual Growth Rate of 3.3% over the forecast period.

Ans. The global population growth and resulting rise in the number of pregnancies over time will drive the market growth.

 

Ans. The ultrasound gel market globally is anticipated to have the largest revenue share in North America.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Ultrasound gels Market, By Type
9.1 Introduction
9.2 Trend Analysis
9.3 Non-sterile
9.4 Sterile

10. Ultrasound gels Market, By End-users
10.1 Introduction
10.2 Trend Analysis
10.3 Hospitals
10.4 Clinics
10.5 Diagnostic Center
10.6 Ambulatory Center

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Ultrasound gels Market by Country
11.2.3 North America Ultrasound gels Market By Type
11.2.4 North America Ultrasound gels Market By End-users
11.2.5 USA
11.2.5.1 USA Ultrasound gels Market By Type
11.2.5.2 USA Ultrasound gels Market By End-users
11.2.6 Canada
11.2.6.1 Canada Ultrasound gels Market By Type
11.2.6.2 Canada Ultrasound gels Market By End-users
11.2.7 Mexico
11.2.7.1 Mexico Ultrasound gels Market By Type
11.2.7.2 Mexico Ultrasound gels Market By End-users
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Ultrasound gels Market by Country
11.3.2.2 Eastern Europe Ultrasound gels Market By Type
11.3.2.3 Eastern Europe Ultrasound gels Market By End-users
11.3.2.4 Poland
11.3.2.4.1 Poland Ultrasound gels Market By Type
11.3.2.4.2 Poland Ultrasound gels Market By End-users
11.3.2.5 Romania
11.3.2.5.1 Romania Ultrasound gels Market By Type
11.3.2.5.2 Romania Ultrasound gels Market By End-users
11.3.2.6 Hungary
11.3.2.6.1 Hungary Ultrasound gels Market By Type
11.3.2.6.2 Hungary Ultrasound gels Market By End-users
11.3.2.7 Turkey
11.3.2.7.1 Turkey Ultrasound gels Market By Type
11.3.2.7.2 Turkey Ultrasound gels Market By End-users
11.3.2.8 Rest of Eastern Europe
11.3.2.8.1 Rest of Eastern Europe Ultrasound gels Market By Type
11.3.2.8.2 Rest of Eastern Europe Ultrasound gels Market By End-users
11.3.3 Western Europe
11.3.3.1 Western Europe Ultrasound gels Market by Country
11.3.3.2 Western Europe Ultrasound gels Market By Type
11.3.3.3 Western Europe Ultrasound gels Market By End-users
11.3.3.4 Germany
11.3.3.4.1 Germany Ultrasound gels Market By Type
11.3.3.4.2 Germany Ultrasound gels Market By End-users
11.3.3.5 France
11.3.3.5.1 France U Market By Type
11.3.3.5.2 France Ultrasound gels Market By End-users
11.3.3.6 UK
11.3.3.6.1 UK Ultrasound gels Market By Type
11.3.3.6.2 UK Ultrasound gels Market By End-users
11.3.3.7 Italy
11.3.3.7.1 Italy Ultrasound gels Market By Type
11.3.3.7.2 Italy Ultrasound gels Market By End-users
11.3.3.8 Spain
11.3.3.8.1 Spain Ultrasound gels Market By Type
11.3.3.8.2 Spain Ultrasound gels Market By End-users
11.3.3.9 Netherlands
11.3.3.9.1 Netherlands Ultrasound gels Market By Type
11.3.3.9.2 Netherlands Ultrasound gels Market By End-users
11.3.3.10 Switzerland
11.3.3.10.1 Switzerland Ultrasound gels Market By Type
11.3.3.10.2 Switzerland Ultrasound gels Market By End-users
11.3.3.1.11 Austria
11.3.3.11.1 Austria Ultrasound gels Market By Type
11.3.3.11.2 Austria Ultrasound gels Market By End-users
11.3.3.12 Rest of Western Europe
11.3.3.12.1 Rest of Western Europe Ultrasound gels Market By Type
11.3.3.12.2 Rest of Western Europe Ultrasound gels Market By End-users
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Ultrasound gels Market by Country
11.4.3 Asia-Pacific Ultrasound gels Market By Type
11.4.4 Asia-Pacific Ultrasound gels Market By End-users
11.4.5 China
11.4.5.1 China Ultrasound gels Market By Type
11.4.5.2 China Ultrasound gels Market By End-users
12.4.6 India
11.4.6.1 India Ultrasound gels Market By Type
11.4.6.2 India Ultrasound gels Market By End-users
11.4.7 Japan
11.4.7.1 Japan Ultrasound gels Market By Type
11.4.7.2 Japan Ultrasound gels Market By End-users
11.4.8 South Korea
11.4.8.1 South Korea Ultrasound gels Market By Type
11.4.8.2 South Korea Ultrasound gels Market By End-users
11.4.9 Vietnam
11.4.9.1 Vietnam Ultrasound gels Market By Type
11.4.9.2 Vietnam Ultrasound gels Market By End-users
11.4.10 Singapore
11.4.10.1 Singapore Ultrasound gels Market By Type
11.4.10.2 Singapore Ultrasound gels Market By End-users
11.4.11 Australia
11.4.11.1 Australia Ultrasound gels Market By Type
11.4.11.2 Australia Ultrasound gels Market By End-users
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Ultrasound gels Market By Type
11.4.12.2 Rest of Asia-Pacific Ultrasound gels Market By End-users
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Ultrasound gels Market by Country
11.5.2.2 Middle East Ultrasound gels Market By Type
11.5.2.3 Middle East Ultrasound gels Market By End-users
11.5.2.4 UAE
11.5.2.4.1 UAE Ultrasound gels Market By Type
11.5.2.4.2 UAE Ultrasound gels Market By End-users
11.5.2.5 Egypt
11.5.2.5.1 Egypt Ultrasound gels Market By Type
11.5.2.5.2 Egypt Ultrasound gels Market By End-users
11.5.2.6 Saudi Arabia
11.5.2.6.1 Saudi Arabia Ultrasound gels Market By Type
11.5.2.6.2 Saudi Arabia Ultrasound gels Market By End-users
11.5.2.7 Qatar
11.5.2.7.1 Qatar Ultrasound gels Market By Type
11.5.2.7.2 Qatar Ultrasound gels Market By End-users
11.5.2.8 Rest of Middle East
11.5.2.8.1 Rest of Middle East Ultrasound gels Market By Type
11.5.2.8.2 Rest of Middle East Ultrasound gels Market By End-users
11.5.3 Africa
11.5.3.1 Africa Ultrasound gels Market by Country
11.5.3.2 Africa Ultrasound gels Market By Type
11.5.3.3 Africa Ultrasound gels Market By End-users
11.5.3.4 Nigeria
11.5.3.4.1 Nigeria Ultrasound gels Market By Type
11.5.3.4.2 Nigeria Ultrasound gels Market By End-users
11.5.3.5 South Africa
11.5.3.5.1 South Africa Ultrasound gels Market By Type
11.5.3.5.2 South Africa Ultrasound gels Market By End-users
11.5.3.6 Rest of Africa
11.5.3.6.1 Rest of Africa Ultrasound gels Market By Type
11.5.3.6.2 Rest of Africa Ultrasound gels Market By End-users
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Ultrasound gels Market by country
11.6.3 Latin America Ultrasound gels Market By Type
11.6.4 Latin America Ultrasound gels Market By End-users
11.6.5 Brazil
11.6.5.1 Brazil Ultrasound gels Market By Type
11.6.5.2 Brazil Ultrasound gels Market By End-users
11.6.6 Argentina
11.6.6.1 Argentina Ultrasound gels Market By Type
11.6.6.2 Argentina Ultrasound gels Market By End-users
11.6.7 Colombia
11.6.7.1 Colombia Ultrasound gels Market By Type
11.6.7.2 Colombia Ultrasound gels Market By End-users
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Ultrasound gels Market By Type
11.6.8.2 Rest of Latin America Ultrasound gels Market By End-users

12 Company Profile
12.1 Chhenna Corp.
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Compass Health Brands
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Geltek Medica
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 General Electric Co.
12.4 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 HR Pharmaceuticals Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Medline Industries LP
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 MYT Enterprises
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Swartland Ultrasound gelss
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Parker Laboratories Inc.
1.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 National Therapy Products Inc.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. USE Cases and Best Practices

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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