Home Health & Fitness Detailed overview of ultrasound gel market

Detailed overview of ultrasound gel market

by Uneeb Khan
ultrasound gel market

Propylene glycol, scent, glycerin, colors, phenoxyethanol, or carbapol R 940 polymer are all components of ultrasound gel, a conductive substance that resembles hair gel and acts as a conductor for sound waves. It also contains water. The components that go into making ultrasonic gel are secure and non-toxic. Skin and probes or ultrasound transducers are joined together by ultrasonic gels. Additionally, ultrasonic gel eases pain and speeds up the healing of injured tissue.

The market worth of ultrasound gel in 2021 was USD 3.93 billion and will reach USD 8.7 billion by 2030 at a 9.23% CAGR during 2021-2030. 

The primary driver boosting the need for ultrasound gel is the rapid rise in global population, which implies an increase in pregnancies globally. The population of the globe was 7.7 billion in 2019 and will increase to 9.7 billion by 2050, according to the UN.

As per the World Health Organization (WHO), diagnostic ultrasound is used in pregnancy to identify any genetic problems, fetal growth issues, and other clinical concerns.

Another significant aspect driving market expansion over the coming years is technological development in the healthcare sector. Additionally, industry participants active in the ultrasound gel market throughout the projection period should benefit from increased knowledge of the advantages of ultrasound gel.

Market Dynamics

Trends

The emphasis on early diagnosis and preventative medicine drives the development of the worldwide ultrasound gels market. Growing health consciousness among the populace has encouraged many people to choose preventive measures, such as early ultrasound imaging diagnosis of various diseases or medical issues. Due to the ability to identify and treat diseases in their early stages has significantly decreased the prevalence of recurring ailments. Early identification employing cutting-edge diagnostic techniques like ultrasound and improved lifestyle habits and therapy can commonly avoid and frequently manage chronic diseases, including cardiovascular disease, cancer, and obstetrics and gynecological disorders.

Restraints

The main obstacle to expanding the global market for ultrasonic gels is the negative effects of these products. Gels for ultrasonography are regarded as a crucial component of the entire ultrasound procedure. However, using such gels has several unintended consequences. For instance, some ultrasonic gels may leave a greasy, sticky, or greasy residue or cause the skin to become dry and flaky.

Opportunity

The market will grow greatly as a result of the increase in the number of ultrasound units in clinics and the simple accessibility of handheld ultrasound equipment at low prices.

Market Segmentation

  • Non-sterile ultrasound gel ruled the overall market with a revenue share of 71.0% by type. The sterile ultrasonic gel segment will grow at the fastest rate.
  • The Hospital segment led the market with 53.5% of end-user revenue. Emergency room visits for conditions where ultrasound is the primary diagnostic tool, such as acute abdominal pain, chest discomfort, and vascular diseases, are projected to increase demand for ultrasound gels.
  • Due to its stronger healthcare infrastructure, increased prevalence of chronic diseases, room for innovation, strong presence of significant market participants, and equitable reimbursement policies. Asia-Pacific will be the fastest-growing market due to government initiatives, rising public awareness, government initiatives toward healthcare, and greater investment in the industry in India.

Key Players 

  • Medline Industries
  • Dr. Reddy’s Lab
  • Parker Laboratories
  • OrthoCanada
  • Cardinal Health Inc
  • Sonogel Vertriebs GmbH.
  • Phyto Performance
  • DNP Enterprise
  • Nissha Medical Technologies.
  • Unique International

The market worth of ultrasound gel in 2021 was USD 3.93 billion and will reach USD 8.7 billion by 2030 at a 9.23% CAGR during 2021-2030. Major factors driving market revenue growth during the forecast period include the rising acceptance of ultrasound scans as a painless, non-invasive diagnostic technique, an increase in demand for ultrasound gels in hospitals, clinics, and diagnostic centers, and a rise in the number of pregnancies over time. Another element fostering market revenue growth during the forecast period is the quick expansion of healthcare facilities in rural and remote areas.

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