Global Ultrasound Gel Industry Outlook
The global ultrasound gel market size is expected to reach USD 126.2 Million in 2030 and register a revenue CAGR of 3.4% over the forecast period, according to a latest report by Reports and Data. Rapid increase in the world population, implying increase in number of pregnancies throughout the world, and increasing adoption of ultrasound gels in ultrasound for pregnant women are expected to drive market revenue growth during the forecast period. Increasing demand for ultrasound gels to manufacture ultrasound scan of the developing foetus is expected to boost growth of the ultrasound gel market in the near future. Increasing demand for sterile as well as non-sterile ultrasound gels in the medical sector has led to increased manufacture of ultrasound gels. Non-sterile ultrasound gel is widely used across all hospitals for performing ultrasound owing to its easy availability and low cost. Although non-sterile, the gel is non-invasive and not harmful, and can be used by all patients unless the region to be scanned has a cut or a wound. This is expected to drive revenue growth of the market in the near future. Increasing demand for non-sterile gels owing to abundant availability and high number of manufacturers is expected to drive market revenue growth. Moreover, increasing adoption of ultrasound gels owing to its property of conducting ultrasonic waves to produce clear images of inaccessible internal organs has led to increased demand for ultrasound gel and is expected to drive revenue growth of the market.
However, challenges in using non-sterile gels in patients who are prone to infection or have cuts and wounds on the region to be examined are some factors that could hamper market revenue growth during the forecast period. In such situations, maintaining an aseptic condition for the patient is difficult as non-sterile gels are prone to contamination. This leads to a challenge in using the same ultrasound gel for all patients, which is expected to restrain the market revenue growth.
In-depth Study of the Competitive Landscape:
The global Ultrasound Gel market consists of various market players, which make this business sphere highly competitive. In this section of the report, the authors have provided authentic information on product portfolios, new product innovations, technological capabilities, and product pricing strategies of each of these players. Moreover, it discusses the key strategies implemented by these players, such as mergers & acquisitions, joint ventures, collaborations, partnerships and agreements, to build on their market presence.
Top companies profiled in the report include:
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, and Geltek-Medica Ltd.
Key Market Regions Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Million; 2019-2030)
- Sterile
- Non-sterile
Application Outlook (Revenue, USD Million; 2019-2030)
- Pregnancy Ultrasound
- Organ Ultrasound
- Others
Frequently asked questions addressed in the report:
- What is the revenue growth rate of the global Ultrasound Gel market over the forecast period?
- What are the major factors driving the growth of the Global Ultrasound Gel Market?
- What are the key challenges impacting the global Ultrasound Gel market growth?
- What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?
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