Market Synopsis
The ultrasound gel market experienced a global size of USD 94.0 Million in 2021 and is expected to grow at a revenue CAGR of 3.4% during the forecast period. Factors that are driving the growth of the market include an increase in the global population and the rise in the number of pregnancies, resulting in a higher demand for ultrasound gels in hospitals, clinics, and diagnostic centers. The increasing adoption of ultrasound scans as a painless and non-invasive diagnostic technique is another major factor that is expected to boost the revenue growth of the market. The rapid development of healthcare centers in rural and remote regions is also expected to contribute to the market's growth during the forecast period.Ultrasound gel is used as an aqueous medium to aid in the transmission of sound waves from a transducer into the body. The gel is composed of water, propylene glycol, glycerin, and several salts and other proprietary ingredients, and it has a thick consistency. The rising number of pregnant women who want to observe fetal development is driving the demand for the gel, and as a result, the market is expected to experience revenue growth. The gel comes in two types: sterile and non-sterile, with the latter being used unless necessary for low cost and higher availability. The development of hospitals, diagnostic centers, and clinics in rural and remote regions has made ultrasound scans more accessible, and government initiatives are supporting the expansion of healthcare facilities in these areas.
In addition to pregnancy examinations, ultrasound is used to diagnose internal organs, guide needles and surgical instruments for biopsies, and examine lumps for tumors in breasts. The increasing use of ultrasound scans for early-stage diagnosis of breast cancer is expected to drive revenue growth of the market. Ultrasound gel is abundantly available in different proprietary compositions at a low cost, allowing all medical centers across the world to use it.
Market Dynamics
Driver: Rapid increase in number of pregnancies across the world is a major factor driving revenue growth
The year 2021 saw a global population of 7.8 billion, with approximately 140 million children born. As a result, there has been a rise in the number of pregnancies, leading to increased usage of abdominal ultrasound testing among pregnant women for monitoring fetal development. This trend is expected to boost the demand for ultrasound gels, thereby driving market revenue growth. Additionally, there is a growing need for ultrasound gels for diagnostic tests related to internal organs for detecting diseases, tumors, and internal injuries, which is further increasing the demand for ultrasound gels in the healthcare sector. Ultrasound testing has revolutionized medical diagnosis by enabling healthcare providers to rapidly detect bodily diseases or internal issues.Non-sterile ultrasound gels are widely available and inexpensive, which is expected to drive market revenue growth. However, for patients who are vulnerable to infection, have a weakened immune system, or have cuts or wounds in the body part to be examined, sterile ultrasound gel is recommended. Over the years, hospitals, clinics, and diagnostic centers have been using a growing amount of ultrasound gels, which is increasing the demand for these gels and is projected to drive market revenue growth from 2022 to 2030.
Key Takeaways
Type Outlook:
The global ultrasound gel market has been categorized into sterile and non-sterile based on type, with the non-sterile segment accounting for a larger share of revenue in 2021. The use of non-sterile ultrasound gels during ultrasound testing is expected to drive the growth of this segment, as they are more widely available and cost-effective to produce. Additionally, the increasing number of pregnant women seeking ultrasound tests for fetal development observation has resulted in a higher demand for ultrasound gels, particularly the non-sterile type, which is further expected to drive growth in this segment.Application Outlook:
The use of non-sterile ultrasound gels is a harmless and non-invasive process, making ultrasound testing a quick and efficient process. Therefore, the demand for non-sterile gels is expected to increase during the forecast period. On the other hand, the sterile ultrasound gel segment is expected to register steady revenue growth due to the rising demand for sterile gels for vulnerable and medically-critical patients. Although sterile gels are more expensive than non-sterile gels, they provide an additional layer of protection to patients who are prone to infection.The pregnancy ultrasound segment is expected to hold a larger revenue share in the global ultrasound gel market over the forecast period, owing to the increasing demand for ultrasound tests during pregnancy for fetal development observation and well-being examination. The rising number of medical centers in previously underserved regions is allowing more pregnant women to access ultrasound tests, further driving the growth of this segment. The increasing global population and number of pregnancies are also expected to drive revenue growth in this segment during the forecast period.
Regional Outlook:
Based on regional analysis, North America is expected to account for largest revenue share in the global market during the forecast period. Rapid growth of the medical and healthcare industry, in which ultrasound plays an essential part, is expected to increase its demand in countries in the region and is expected to drive market revenue growth. Rapid improvements in ultrasound gel in North America is another factor that is expected to drive revenue growth in ultrasound gel market. Rapid urbanization has also increased ultrasound gel manufacturing, which is expected to drive North America ultrasound gel market revenue growth.The market in Europe is expected to register a fast revenue CAGR over the forecast period. Rapid growth in the pharmaceutical and medical sector increases demand for ultrasound gel, driving the ultrasound gel market revenue growth. Robust presence of ultrasound gel manufacturers in countries in the region is expected to drive market revenue growth. Increasing commitment to public health by producing gels with no or minimal side effects is expected to drive the European ultrasound gel market revenue growth.
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Ultrasound Gel Market Segmentation & Impact Analysis
Chapter 5. Ultrasound Gel Market By Type Insights & Trends
Chapter 6. Ultrasound Gel Market By Application Insights & Trends
Chapter 7. Ultrasound Gel Market By End-Use Insights & Trends
Chapter 8. Ultrasound Gel Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- Sonotec GmbH
- Parker Laboratories Inc.
- Eco-Med Pharmaceutical Inc.
- National Therapy Products Inc.
- HR Pharmaceuticals Inc.
- Anita Medical Systems Pvt. Ltd.
- Megro GmbH & Co. KG
- Sonogel Vertiebs GmbH
- Katecho LLC
- Geltek-Medica Ltd.
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