Global Ultrasound Gels Market By End-User (Hospitals, Diagnostic center, Clinics and Ambulatory center), By Type (Non-sterile and Sterile), By Region, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Global Ultrasound Gels Market size is expected to reach $115.6 Million by 2026, rising at a market growth of 4.8% CAGR during the forecast period. A fluid media is needed to be put in the middle of the ultrasound probe and the skin to get a clear picture. Ultrasound gel is utilized as fluid media that act as coupling agents in these procedures. It comprises of Carbopol, propylene glycol, phenoxyethanol, glycerin, dyes, perfume, and water. They are formulated in various ratios and compositions relying on the producer and the recipes are exclusive.
Ultrasound Gels Market Size, By Type, 2020-2026
Ultrasound gel being an inescapable element during the ultrasound scan is getting high demand from healthcare facilities. Consequently, the expanding procedural volume of ultrasound globally is a factor anticipated to drive the development of the market. Moreover, the increasing adoption of ultrasound tools in point of care diagnostic and bedside monitoring will support the development of the market..
The rise of high-quality ultrasound gel with enhanced features, for example, odorless, colorless, without formaldehyde, and glycerin free is anticipated to fuel the growth of the market. For example, Aquasonic Clear Ultrasound gel by Parker Laboratories is a colorless and odorless with high coupling productivity. The utilization of agents, for example, guar gum, hand sanitizer, cleanser, cornstarch slurry, lotion, gelatin, betadine, and surgical lube as an option in contrast to ultrasound gel in areas with restricted access is anticipated to limit the development of the market. Additionally, the launch of a mechanically advanced ultrasound probe covers and scan pads that can be utilized without gel is likewise anticipated to hamper market development.
Ultrasound Gels Market Share, By End-User, 2019
The expanding adoption pace of ultrasound tools in medical settings because of its diagnostic productivity and cost-effectiveness is an element anticipated to boost the demand for the conductive medium during the forecast period. Furthermore, the expanding number of external sonography techniques requiring a low degree of sterility has added to its largest share of the market. Accessibility of option to ultrasound gels, the rise of gel-free sonography probes, and restricted access to clinical consumables in rustic zones are anticipated to oppose the development of the market during the forecast period. The sonography probes which are gel-free can be a significant threat to the market, however, its cost is restricting its adoption rate.
|Market size value in 2019||USD 83.6 Million|
|Market size forecast in 2026||USD 115.6 Million|
|Historical Period||2016 to 2018|
|Forecast Period||2020 to 2026|
|Revenue Growth Rate||CAGR of 4.8% from 2020 to 2026|
|Number of Pages||130|
|Number of Tables||258|
|Report coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling|
|Segments covered||Type, End User, Region|
|Country scope||US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria|
Free Valuable Insights: Global Ultrasound Gels Market to reach a market size of $115.6 million by 2026
Based on End-User, the market is segmented into Hospitals, Diagnostic center, Clinics and Ambulatory center. Based on Type, the market is segmented into Non-sterile and Sterile. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oji Holdings Corporation (Tele-Paper Malaysia), Medline Industries, Inc., Compass Health Brands Corporation, National Therapy Products, Inc., Parker Laboratories, Inc., Sonogel Vertriebs GmbH, HR Pharmaceuticals, Inc., Scrip, Inc., Besmed Health Business Corporation, and Eco-Med Pharmaceuticals, Inc.
Scope of the Ultrasound Gels Market Analysis
- Diagnostic center
- Ambulatory center
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Oji Holdings Corporation (Tele-Paper Malaysia)
- Medline Industries, Inc.
- Compass Health Brands Corporation
- National Therapy Products, Inc.
- Parker Laboratories, Inc.
- Sonogel Vertriebs GmbH
- HR Pharmaceuticals, Inc.
- Scrip, Inc.
- Besmed Health Business Corporation
- Eco-Med Pharmaceuticals, Inc.
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Ultrasound Gels Market Related Reports:
What would be the size of the ultrasound gels market by 2026?
The ultrasound gels market size is projected to reach USD 115.6 Million by 2026.
What are the key driving factors and challenges in the ultrasound gels market?
Improve the experience of patients are driving the market in coming years, however, Unpleasant Side Effects and Bacterial Contamination have limited the growth of the market.
Who are the leading players in the ultrasound gels market?
Oji Holdings Corporation (Tele-Paper Malaysia), Medline Industries, Inc., Compass Health Brands Corporation, National Therapy Products, Inc., Parker Laboratories, Inc., Sonogel Vertriebs GmbH, HR Pharmaceuticals, Inc., Scrip, Inc., Besmed Health Business Corporation, and Eco-Med Pharmaceuticals, Inc.
At what CAGR is the ultrasound gels market estimate to grow in the forecast period?
The expected CAGR of the ultrasound gels market is 4.8% from 2020 to 2026.
Which segment shows a high revenue share of the ultrasound gels market in 2019?
The largest share of the revenue is held by the hospital segment in 2019 and is anticipated to grow at a significant CAGR over the forecast period.
Which region show a high revenue share of ultrasound gels market in 2019?
The North America held the biggest share of the revenue in 2019.