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
Report ID: GMI9916
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Published Date: June 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 137
Countries covered: 23
Pages: 74
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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.
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.
Ultrasound Conductivity Gel Market Trends
Ultrasound Conductivity Gel Market Analysis
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.
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.
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.
The U.S. ultrasound conductivity gel market held dominant position with the market share of 94.1% in 2023.
Germany ultrasound conductivity gel market is expected to grow significantly during the forecast period.
China ultrasound conductivity gel market is anticipated to witness a high growth rate from 2024-2032, due to several factors.
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:
Ultrasound Conductivity Gel Industry News
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
Market, By End-use
The above information is provided for the following regions and countries: