Ultrasound Gel Market Size, Share, Industry Trends and Forecast to 2030

What is the Market Size & CAGR of Ultrasound Gel market in 2021?

The global ultrasound gel market size in 2021 was valued at USD 430 million, with a compound annual growth rate (CAGR) of 5.2% from 2021 to 2028. The market is expected to reach USD 610 million by the end of 2028.

COVID-19 Impact on the Ultrasound Gel Market

The COVID-19 pandemic had a mixed impact on the ultrasound gel market. While there was a surge in demand for ultrasound imaging equipment due to the need for diagnosing COVID-19 patients, there were disruptions in the supply chain that affected the availability of ultrasound gel. However, with the resumption of healthcare services and the gradual opening of economies, the market has been recovering steadily.

Ultrasound Gel Dynamics

The ultrasound gel market is driven by the increasing prevalence of chronic diseases, technological advancements in ultrasound imaging, and the growing geriatric population. The market is also influenced by the rising demand for minimally invasive procedures and the expansion of the healthcare sector globally.

Segments and Related Analysis

By Product Type

- Normal Ultrasound Gel
- Sterile Ultrasound Gel

By End User

- Hospitals
- Clinics
- Diagnostic Centers
- Others

By Region

- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa

By Region Analysis

The North American region dominated the ultrasound gel market in 2021, owing to the presence of well-established healthcare infrastructure and the high adoption of advanced medical technologies. The Asia Pacific region is expected to witness the highest growth rate during the forecast period due to the increasing healthcare expenditure and the rising demand for ultrasound imaging in the region.

Key Market Players and Competitive Landscape

Some of the key players in the ultrasound gel market include Parker Laboratories, Inc., Henan Tiankang Medical Products Co., Ltd., Eco-Med Diagnostic Imaging, Sonogel Vertriebs GmbH, and Medline Industries, Inc. These players are focusing on product innovation, partnerships, and acquisitions to strengthen their market position.

Recent happenings in the Ultrasound Gel Market

- In July 2021, Parker Laboratories, Inc. launched a new eco-friendly ultrasound gel made from natural ingredients to reduce environmental impact.
- In September 2021, Henan Tiankang Medical Products Co., Ltd. introduced a sterile ultrasound gel for use in surgical procedures to prevent infection.
- Sonogel Vertriebs GmbH partnered with leading hospitals in Europe to provide customized ultrasound gel solutions for specific imaging requirements.