Ultrasound Gels Market – Scope of the Report
TMR’s report on the global ultrasound gels market studies past as well as current growth trends and opportunities to gain valuable insights for the said market during the forecast period i.e. from 2019 to 2027. The report provides the overall market revenue of the ultrasound gels market for period from 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compounded annual growth rate (CAGR) for the ultrasound gels market for the same period.
The report has been prepared after extensive research. Primary research involves a bulk of research efforts, wherein, analysts have conducted interviews with market leaders and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the ultrasound gels market.
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Companies Increase Availability of Gel Warmers and Water-based Formulations to Boost Uptake
The ultrasound gels market is largely fragmented with tier 3 players accounting for a share of ~60-70% of the market share. However, growing popularity of gel-free ultrasound procedures poses as a challenge for manufacturers in the ultrasound gels market. Hence, manufacturers are introducing gel warmers to healthcare providers who have budget-constraints, especially in developing economies. Since not all hospitals and diagnostic centers have the budget for gel-free ultrasound procedures, manufacturers are increasing the availability of gel warmers to cater to the convenience of end users.
On the other hand, manufacturers are innovating in water-based formulations to improve outcomes in patients. These novel formulations are being increasingly used as lubricants and ultrasound scanning gels. As such, the ultrasound gels product segment of the ultrasound gels market is projected for exponential growth during the forecast period. This segment is anticipated to reach a value of ~US$ 300 Mn by 2027. In order to boost the uptake of ultrasound gels, manufacturers are increasing awareness about gels manufactured using filtered water.
Growing adoption of portable ECG devices is anticipated to boost the use of ECG gels. As such, the ECG gels product segment of the ultrasound gels market is estimated to reach a value of ~US$ 171 Mn by the end of 2027. Hence, increase in usage of ECG devices with gels in homecare settings has created new revenue streams for manufacturers in the ultrasound gels market. Portable ECG devices are not only improving patient quality of life but are also preventing loss of life in urgent or emergency cases.
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Ultrasound Gels Market: Regional Outlook
- In terms of region, the ultrasound gels market has been divided into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia &New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region of the global ultrasound gels market has been further divided into countries/sub-regions.
- The report provides size and forecast of the ultrasound gels market in each region and country/sub-region for the period from 2017to 2027. The CAGR for the market in each of these regions and countries/sub-regions has also been provided for the period from 2019 to 2027. The study also covers the market competition scenario in these regions.
Companies Operating in Ultrasound Gels Market
- Key players in the ultrasound gels market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
- Major companies profiled in the ultrasound gels market report are
- Parker Laboratories, Inc.
- HR Pharmaceuticals
- Ultragel Hungary 2000 Kft.
- ECO-MED PHARMACEUTICAL INC.
- National Therapy Products Inc.
- Phyto Performance Italia S.R.L
- Trivitron Healthcare
- CHHENNA CORPORATION
- Benetechmed
- Tentan AG (Schaer Pharma Services)
- Medvat
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Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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