The report Global Ultrasound Market Product Type (Non-sterile and Sterile), End User (Hospitals/Clinics, Diagnostic Centres, and Other End Users), and Geography ( Europe, North America, Asia-Pacific, Middle-East and Africa, and South America). With a market size of USD 3.6 Bn in 2020, the Global Ultrasound Gel Market Size is projected to grow to USD 8.7 Bn by 2030 with a CAGR of 9.23 %.
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Key Factors that are expediting the Market growth
Product releases, lower pricing, innovations, strong distribution networks, increased utility, and strategic alliances are expected to propel the market forward.
By Product, Non-sterile ultrasound gel dominated the market in 2019
Among all the ultrasound alternatives, Non-sterile had the highest revenue share. With an increasing number of external probe ultrasound operations to assess the kidney, uterus, heart, gall bladder, liver, and reproductive organs and rising chronic disorders driving this sector.
The sterile ultrasonic gel segment, on the other hand, is predicted to increase at the fastest rate.
By End-User, The hospital segment showed sheer dominance.
The need for ultrasound gels is predicted to rise as emergency room visits for illnesses like acute abdominal pain, chest discomfort, and vascular disorders, where ultrasound is the major diagnostic tool, rise.
The ultrasound gels market is expected to develop at the fastest rate in Ambulatory centres and clinics, raising awareness about the need for early intervention in lowering healthcare expenses and raisings the installation rate of ultrasounds in clinics.
THE REGION OF NORTH AMERICA SIGNIFICANTLY DOMINATED THE MARKET
North America held the maximum share of 39.7% in 2019. However, the regional market is predicted to increase due to factors such as the existence of key market participants, developed healthcare infrastructure, and streamlined reimbursement regulations. In addition, the growing adoption of ultrasonography in community clinics and at home will help the industry grow.
In 2019, Europe had the second-largest proportion of the market. The driving factors include expanding medical consumables consumption, rising healthcare spending, and increasing medical imaging procedures.
Over the forecast period, Asia Pacific is expected to increase at the fastest rate. Large unmet demands, expanding healthcare facilities, and a slew of small-scale domestic producers, particularly in China and India, are projected to propel the market forward.
IMPORTANT MARKET PLAYERS:
The major players covered in the Global Ultrasound Gel Market include--Parker Laboratories, Inc., Medline Industries, Inc., The X-Ray Shoppe, Unique International, Besmed Health Business Corp, Nissha Medical Technologies, Saify Traders, Compass Health Brands, Eco-Med Pharmaceutical Inc., National Therapy Products Inc., HR Pharmaceuticals Inc., Sonomed Paper, NEXT Medical Products Company, Performance Health, Jorgensen Labs, Whitehall Manufacturing, EcoVue, CHHENNA CORPORATION, Dashmesh Sonail Healthcare Private Limited and VKAN Healthcare among other domestic and global players.
Recent Developments