Ultrasound Conductivity Gel Market - By Product (Sterile Gel, Non-sterile Gel), End-Use (Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Centers) & Global Forecast, 2024 - 2032
Published on: 2024-08-07 | No of Pages : 240 | Industry : Healthcare
Publisher : MIR | Format : PDF&Excel
Ultrasound Conductivity Gel Market - By Product (Sterile Gel, Non-sterile Gel), End-Use (Hospitals and Clinics, Diagnostic Centers, Ambulatory Surgical Centers) & Global Forecast, 2024 - 2032
Ultrasound Conductivity Gel Market Size
Ultrasound Conductivity Gel Market size was valued at around USD 264.6 million in 2023 and is estimated to grow at 7.5% CAGR from 2024 to 2032. The increase in the number of ultrasound imaging procedures, coupled with the growing number of clinics and diagnostic centers, is significantly driving the market growth.
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As ultrasound technology becomes increasingly indispensable in medical diagnostics, the demand for ultrasound gel is expected to rise during the forecast period. The rise in diagnostic ultrasound imaging procedures, such as obstetric, cardiac, and abdominal ultrasound scans, is a major factor contributing to the increased demand for ultrasound gels. Moreover, the establishment of new healthcare facilities and clinics is further fueling product growth.
For example, in the U.S. alone, the number of diagnostic imaging centers has been steadily increasing over the past decade. According to the Radiology Business Journal, there were over 7,000 independent diagnostic testing facilities (IDTFs) in operation in the U.S. This trend is particularly evident in developed regions, resulting in substantial market growth for ultrasound gel manufacturers.
Ultrasound conductivity gel, also known as ultrasound gel, is a specialized gel used in medical diagnostics and therapeutic procedures involving ultrasound technology. It is a water-based gel with a consistency that allows it to efficiently conduct ultrasound waves between the transducer (the device that emits the ultrasound waves) and the patient's skin.
Report Attribute | Details |
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Base Year | 2023 |
Ultrasound Conductivity Gel Market Size in 2023 | USD 264.6 Million |
Forecast Period | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR | 7.5% |
2032 Value Projection | USD 504.9 Million |
Historical Data for | 2021 - 2023 |
No. of Pages | 74 |
Tables, Charts & Figures | 137 |
Segments covered | Product, End-use and Region |
Growth Drivers |
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Pitfalls & Challenges |
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Ultrasound Conductivity Gel Market Trends
- The increase in healthcare expenditure significantly drives the growth of the market. With higher budgets, hospitals and clinics invest more in advanced diagnostic equipment, including ultrasound machines, leading to a greater number of procedures across fields like obstetrics, cardiology, and abdominal imaging. Each procedure requires ultrasound gel for accurate transmission of waves, making it essential in diagnostics.
- Additionally, increased healthcare spending leads to the expansion of healthcare facilities, including new clinics and diagnostic centers.
- The technological advancements in medical imaging are contributing to the rise in healthcare spending. For example, the adoption of 3D and 4D ultrasound imaging techniques has increased in recent years, leading to greater accuracy in diagnosis but also requiring more advanced ultrasound gel formulations to maintain optimal conductivity.
- Moreover, higher healthcare expenditure improves access to services, increasing patient throughput and the need for diagnostic procedures. This trend is particularly evident in regions with substantial healthcare investments, where enhanced infrastructure and service delivery further boost the demand for ultrasound conductivity gel.
Ultrasound Conductivity Gel Market Analysis
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Based on product, the market is categorized into sterile gel and non-sterile gel. The non-sterile gel segment dominated the market, generating approximately USD 189.4 million revenue in 2023.
- Non-sterile gel is commonly used in non-invasive ultrasound procedures where sterility is not a critical requirement, such as routine diagnostic imaging and therapeutic ultrasound. These procedures don't involve penetration of sterile body cavities or sterile tissues, making non-sterile gel a preferred choice.
- Additionally, non-sterile ultrasound gel is often more cost-effective than sterile gel since it doesn't undergo the same rigorous sterilization processes. This makes it an attractive option for healthcare facilities looking to reduce costs without compromising on quality, thereby driving its demand.
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Based on end-use, the ultrasound conductivity gel market is categorized into hospital and clinics, diagnostic centers, ambulatory surgical centers, and other end-users. The hospital and clinics segment dominated the market, with a revenue share of around 35.5% in 2023.
- Hospitals and clinics typically handle a higher volume of patients compared to other healthcare facilities such as diagnostic centers or ambulatory surgical centers. This results in a greater demand for ultrasound procedures and, consequently, ultrasound conductivity gel.
- Additionally, hospitals often have centralized procurement processes, allowing them to purchase ultrasound gel in bulk quantities for multiple departments and specialties. This bulk purchasing power can drive down costs and increase product demand.
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North America ultrasound conductivity gel market accounted for USD 111.2 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
- North America has a high prevalence of chronic diseases such as cardiovascular diseases, cancer, and diabetes. Ultrasound imaging is widely used for the diagnosis and monitoring of these conditions, driving the demand for ultrasound gels.
- For instance, according to the Centers for Disease Control and Prevention (CDC), in the U.S., in 2021, a total of 38.4 million people (11.6% of the U.S. population) had diabetes, both diagnosed and undiagnosed. This high target population base will fuel the industry growth over the analysis period.
The U.S. ultrasound conductivity gel market held dominant position with the market share of 94.1% in 2023.
- Technological advancements have led to the development of more advanced ultrasound imaging modalities which provides more detailed and accurate images for diagnostic purposes, requiring high-quality ultrasound gels to ensure optimal image clarity and resolution, increased their demand in the country.
- Additionally, increasing investments by the government in technological advancements has led to the greater adoption of ultrasound procedures thus, propelling the product demand in medical procedures.
Germany ultrasound conductivity gel market is expected to grow significantly during the forecast period.
- There is a growing emphasis on preventive healthcare in Germany, with initiatives aimed at early disease detection and screening. Ultrasound imaging plays a crucial role in preventive healthcare by enabling early diagnosis of conditions such as breast cancer, thyroid disorders, and abdominal abnormalities, driving the demand for ultrasound gel.
- Additionally, patients often prefer non-invasive imaging procedures such as ultrasound over invasive options. This preference for non-invasive techniques, coupled with the availability of advanced ultrasound equipment, contributes to the rising demand for ultrasound gels.
China ultrasound conductivity gel market is anticipated to witness a high growth rate from 2024-2032, due to several factors.
- The Chinese government has been implementing various healthcare reforms and initiatives to improve the quality and accessibility of healthcare services across the country. These initiatives include subsidies for medical equipment purchases, incentives for healthcare providers, and investments in healthcare infrastructure, all of which contribute to the growth of the ultrasound gel market.
- Additionally, China has been investing heavily in expanding its medical infrastructure, including the construction of new hospitals, clinics, and diagnostic centers. The expansion of these facilities increases the accessibility of medical services, leading to greater demand for ultrasound imaging procedures and ultrasound gels.
Ultrasound Conductivity Gel Market Share
The ultrasound conductivity gel industry is competitive in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel products with improved efficiency and cost-effectiveness are key market strategies for ultrasound conductivity gel manufacturers, driving competition and innovation in the industry. This emphasis on innovation aims to address evolving clinical needs and enhance patient outcomes, positioning companies to gain market share and meet the growing demand for advanced ultrasound conductivity gel.
Ultrasound Conductivity Gel Market Companies
Some of the eminent market participants operating in the ultrasound conductivity gel industry include
- Cardinal Health, Inc.
- Ceracarta Spa
- DJO Global, Inc.
- ECO-MED Diagnostic Imaging
- Medline Industries Inc.
- Modul Diagram S.r.l
- National Therapy Products Inc.
- Parker Laboratories, Inc.
- Pharmaceutical Innovation Inc.
- Roscoe Medical
Ultrasound Conductivity Gel Industry News
- In January 2021, DJO Global Inc, announced the acquisition of Trilliant Surgical. The acquisition of Trilliant Surgical’s leading product technologies supported the DJO’s focused expansion into the adjacent high-growth segment and increased revenue generation.
Ultrasound conductivity gel market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 to 2032 for the following segments
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Market, By Product
- Sterile gel
- Non-sterile gel
Market, By End-use
- Hospitals and clinics
- Diagnostic centers
- Ambulatory surgical centers
- Other end-users
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East and Africa
Table of Content
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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )