Ultrasound Gel Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Ultrasound Gel Market Analysis
The ultrasound gel market is projected to register a CAGR of 3.9% during the forecast period.
The impact of COVID-19 in its initial phase in the ultrasound gel market was adverse owing to cancellations of elective procedures, including ultrasound diagnosis. For instance, an article published in Nature Public Health Emergency Collection in April 2021 stated that a 58% decrease in emergency department ultrasounds performed by the radiology department was reported during the COVID-19 period. However, the market gained traction as the ultrasound was majorly used in monitoring respiratory activity in COVID-19 patients. For instance, another article published in the NCBI in March 2021 stated use of lung ultrasound in the evaluation of patients with COVID-19 was encouraged because of its low cost, radiation-free, practical method of use, with easy-to-sanitize equipment. The ultrasound facilitated the structural evaluation of lung damage brought on by SARS-CoV-2. The ultrasound gel market is anticipated to witness growth in the coming years due to the rise in the growing number of ultrasound procedures and ultrasound gels with new formulations.
In addition, the growing number of ultrasound procedures, technological advancements, and advancements in ultrasound gel preparation are effectively driving the growth of the studied market. The increased usage of ultrasound in different therapy also likely to boost the market growth. For instance, an article published in April 2022 in the Journal of Material Chemistry B explained the advantages of ultrasound-responsive hydrogel. The ultrasound-responsive hydrogels are used in the applications of ultrasound imaging, on-demand drug delivery, and shape memory. Thus, advancements like ultrasound gel are anticipated to increase the demand, thereby boosting market growth.
Improvements in ultrasound gels to make them odorless, colorless, glycerin-free, and formaldehyde-free. A lot of studies are carried out in ultrasound gel to improve the formula and increase efficiency. For instance, as per the article published in January 2022 in the MDPI journal, an alternative ultrasound gel formulation was prepared using biodegradable and natural ingredients such as aloe vera gel. Aloe vera gel has an anti-inflammatory effect on the skin. The formulation prepared with it is safe for patients with sensitive skin due to its hypoallergenic characteristics. Hence, such improvements included in the preparation of ultrasound gel increase the demand for the products and thereby boosting the market growth.
Moreover, technological advancements, product approvals, launches, and partnerships by key market players are likely to drive market growth. For instance, in February 2021, a new acoustic coupling fluid, SonoClear, from a Norway-based start-up, SonoClear AS, was registered for clinical trials to assess its performance and safety. This coupling fluid can mimic natural brain waves. Such clinical trial developments are projected to boost the demand for innovative ultrasound gel and propel market growth.
Therefore, owing to the increase in advancements in ultrasound gel and the rise in product launches, the studied market is anticipated to witness growth over the analysis period. However, the use of other alternative products is likely to impede the market's growth.
Ultrasound Gel Market Trends
This section covers the major market trends shaping the Ultrasound Gel Market according to our research experts:
Sterile Ultrasound Gels Segment is Expected to Witness Growth Over the Forecast Period
Sterile ultrasound gel is used for ultrasonography and biopsy sampling processes in in-vitro fertilization surgeries and vaginal and intrauterine examinations. One of the best ways to prevent infection and the spread of microorganisms during an ultrasound procedure is to use sterile ultrasound gel.
The sterile type of gel occupies a significant share of the market compared to other types of gel. The United Kingdom's Health Security Agency, in its May 2022 guidelines, stated to ensure that only unopened sachets and containers that are labeled as 'sterile' are used. The enactment of such regulations is expected to have a positive impact on the growth of the segment over the analysis period. Moreover, growth in the disease prevalence requiring ultrasound for a better diagnosis is likely to further boost the demand for ultrasound gels. For instance, according to the National Association of Chronic Disease Directors, 'Commentary on Chronic Disease Prevention in 2022', nearly 60% of adult Americans have at least one chronic disease. Chronic conditions like diabetes, cancer, and cardiovascular disease are the major health issues in the United States. The diagnosis of chronic diseases majorly employs ultrasound imaging, which is ultimately projected to boost the segment's growth during the forecast period.
Furthermore, product launches, collaborations, and partnerships to increase the availability of sterile ultrasound gel are expected to drive market growth over the forecast period. For instance, in January 2021, Nanocare, a medical brand with health protection products applying Silver Nanotechnology, launched a sterile ultrasonic gel. This ultrasound gel has viscosity to help disperse and reduce the heat generated by the laser device.
Therefore, owing to the increase in advancements in sterile ultrasound gel, the rise in product launches, and the increase in chronic diseases that require an ultrasound, the studied market is anticipated to witness growth over the analysis period.
North America is Expected to Dominate the Ultrasound Gel Market Over the Forecast Period
North America is expected to witness growth in the market owing to factors such as the rising prevalence of chronic diseases that require an ultrasound, increasing technological advancements in ultrasound gel, and the strong presence of industry players in the region.
The high prevalence of chronic diseases is projected to augment the growth of ultrasound gels in the region as the diagnosis of chronic diseases requires an ultrasound to a large extent, which is ultimately projected to boost the use of ultrasound gels for smoother diagnosis. For instance, according to the Chronic Kidney Disease in the United States, 2021, More than 1 in 7, that is 15% of US adults or 37 million people, were estimated to have CKD. Kidney diseases like chronic kidney disease kidney cancer can be diagnosed by proper ultrasound, and thereby requiring the ultrasound gel, which is anticipated to boost the market growth in the studied region.
Also, rising awareness, growing demand for various diagnostic procedures, and approvals by various healthcare institutions are expected to fuel the market growth in this region. For instance, in March 2021, the American Institute of Ultrasound in Medicine (AIUM) reapproved the guidelines for the cleaning and preparation of external and internal ultrasound probes, along with the safe handling and use of coupling gel. Such approvals are projected to boost the utility of ultrasound gels in the region.
Therefore, owing to the increase in chronic diseases that require an ultrasound, and the rise in product launches, North America is anticipated to witness growth in the studied market over the analysis period.
Ultrasound Gel Industry Overview
The ultrasound gel market is fragmented in nature due to the presence of many companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international and local companies that hold the market share and are well known. Some of the major players include Compass Health Brands, Eco-Med Pharmaceutical Inc., National Therapy Products Inc., HR Pharmaceuticals Inc., OJI Group (TELE-PAPER (M) SDN BHD), Sonogel Vertriebs GmbH, Parker Laboratories Inc., Scrip Inc., Besmed Health Business Corporation, Medline Industries, LP, and Ultragel Hungary 2000 Kft.
Ultrasound Gel Market Leaders
Compass Health Brands
National Therapy Products Inc.
HR Pharmaceuticals, Inc.
Medline Industries, LP
OJI Group (TELE-PAPER (M) SDN BHD)
*Disclaimer: Major Players sorted in no particular order
Ultrasound Gel Market News
- November 2022: Parker Laboratories Inc. showcased its wide range of ultrasound and electromedical contact media and leading lines of institutional cleaners and disinfectants at MEDICA 2022.
- 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.
Ultrasound Gel Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Number of Ultrasound Procedures
4.2.2 Advancements in Ultrasound Gels Preparations
4.3 Market Restraints
4.3.1 Use of Other Alternative Products
4.4 Porter Five Forces
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product Type
5.1.1 Non-sterile
5.1.2 Sterile
5.2 By End User
5.2.1 Hospitals/Clinics
5.2.2 Diagnostic Centers
5.2.3 Other End Users
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Compass Health Brands
6.1.2 National Therapy Products Inc.
6.1.3 HR Pharmaceiuticals Inc.
6.1.4 OJI Group (TELE-PAPER (M) SDN BHD)
6.1.5 Sonogel Vertriebs GmbH
6.1.6 Parker Laboratories Inc.
6.1.7 Scrip Inc.
6.1.8 Besmed Health Business Corp.
6.1.9 Medline Industries, LP
6.1.10 Ultragel Hungary 2000 Kft.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Ultrasound Gel Industry Segmentation
As per the scope of the report, ultrasound gels are aqueous-based and used as coupling agents. It is necessary to ensure good contact between the transducer and the skin to avoid air spaces. This gel helps the ultrasound waves penetrate the tissue where imaging is conducted, thus getting a clear image. Generally, these agents are water-soluble gels. The Ultrasound Gel Market is Segmented by Product Type (Non-sterile and Sterile), End User (Hospitals/Clinics, Diagnostic Centers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
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| Hospitals/Clinics | |
| Diagnostic Centers | |
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Ultrasound Gel Market Research FAQs
What is the current Global Ultrasound Gel Market size?
The Global Ultrasound Gel Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in Global Ultrasound Gel Market?
Compass Health Brands, National Therapy Products Inc., HR Pharmaceuticals, Inc., Medline Industries, LP and OJI Group (TELE-PAPER (M) SDN BHD) are the major companies operating in the Global Ultrasound Gel Market.
Which is the fastest growing region in Global Ultrasound Gel Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Ultrasound Gel Market?
In 2024, the North America accounts for the largest market share in Global Ultrasound Gel Market.
What years does this Global Ultrasound Gel Market cover?
The report covers the Global Ultrasound Gel Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Ultrasound Gel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ultrasound Gel Industry Report
Statistics for the 2024 Ultrasound Gel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ultrasound Gel analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
