Market Size of Global Ultrasound Gel Industry
| 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.
