Ultrasound Probe Covers Market worth $283 million in 2027

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Ultrasound Probe Covers Market worth $283 million in 2027

November 23
20:51 2023
Ultrasound Probe Covers Market worth $283 million in 2027
The report “Ultrasound Probe Covers Market by Type (Disposable, Reusable) Material (Latex, Latex-free) Application (Endocavitary), End User (Hospitals, Diagnostic Imaging Centers, Maternity Centers, Ambulatory Surgical Centers), & Region – Global Forecast to 2027
The ultrasound probe covers industry is projected to grow from USD 213 million in 2022 and to reach USD 283 million in 2027

Ultrasound Probe Covers Market in terms of revenue was estimated to be worth $213 million in 2022 and is poised to reach $ 283 million by 2027, growing at a CAGR of 5.9% from 2022 to 2027 according to a new report by MarketsandMarkets™. The overall increase in the number of ultrasound procedures performed globally is the major factor driving the market during the forecast period. This increase can be attributed to the rising population of people aged 65 years and above, along with the drastically growing prevalence of chronic diseases, among other factors.

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Additionally, emerging countries present an opportunity for the market to grow in the forecast period.

This report divides the ultrasound probe covers market into five segments –type, material, application, end user, and region.

“During the forecast period, the endocavitary probe covers segment is expected to be the fastest growing segment of the ultrasound probe covers market.”

Under application, endocavitary probe covers is forecasted to grow at the highest CAGR from 2022 to 2027. An increase in the prevalence of cardiovascular, gynecological, and age-related chronic diseases, which require ultrasound imaging for therapeutic or diagnostic purposes, is expected to fuel the growth of this market segment.

“In 2021, by end user, hospitals and diagnostic imaging centers held the largest share of the ultrasound probe covers market.”

By end user, the ultrasound probe covers market can be segmented into hospitals and diagnostic imaging centers, ambulatory care centers, research and academic institutes, maternity centers, and other end users.

Due to the large share of ultrasound procedures performed at hospitals and diagnostic imaging centers, this segment occupied the largest share of the market in 2021. Additionally, there has been an increased focus on eradicating hospital-acquired infections, which has led to an increasing demand for ultrasound probe covers.

“In 2021, North America was the region with the largest market share in the ultrasound probe covers market “

The ultrasound probe covers market is segmented into five major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East and Africa.

North America accounted for the largest share of the ultrasound probe covers market in 2021. The high prevalence of target diseases, rising preterm births, and presence of major players in the US is driving the growth of the ultrasound probe covers market in the region.

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Ultrasound Probe Covers Market Dynamics:

Drivers:

  1. Advancements in ultrasound imaging modalities
  2. Rising global geriatric population and increasing prevalence of chronic diseases
  3. Adoption of ultrasound imaging for early diagnosis
  4. Rising incidence of hospital-acquired infections due to improper reprocessing of ultrasound probes
  5. Increasing birth rate/number of pregnancies

Restraints:

  1. Lack of awareness about probe reprocessing and infection control

Opportunities:

  1. High growth opportunities in emerging countries

Challenges:

  1. Lack of trained professionals
  2. Adoption of remote ultrasound technologies

Key Market Players:

Key players in the ultrasound probe covers market include CIVCO Medical Solutions (US), Becton, Dickinson and Company (US), Ecolab, Inc. (US), Sheathing Technologies, Inc. (US), and Aspen Surgical (US).

These companies adopted strategies such as partnerships, acquisitions, and investments to strengthen their presence in the ultrasound probe covers market.

Recent Developments

  • In April 2022, Audax Private Equity (US) invested in Aspen Surgical (US), which will allow Audax to continue to support Aspen as it pursues imminent organic growth and larger-scale acquisition opportunities to expand globally.
  • In December 2021, GE Healthcare (US) acquired BK Medical (US) to add the field of real-time surgical visualization to its pre- and post-operative ultrasound capabilities.
  • In March 2021, Aspen Surgical (US) acquired BlueMed Medical Supplies (Canada) to strengthen its broad portfolio of surgical disposables and patient and staff safety products.
  • In February 2021, CS Medical LLC (US) renewed its partnership with Association for Professionals in Infection Control and Epidemiology (APIC, US) for the prevention of healthcare-associated infections (HAIs).

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