Hydrogel Market

Market Overview:

The global hydrogel market size reached US$ 26.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 36.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

Hydrogel is a three-dimensional (3D) network of hydrophilic polymers that can absorb and retain a large amount of water without dissolving. It comprises collagen, silk fibroin, hyaluronic acid, chitosan, and alginate, which helps respond to various stimuli, such as pH, temperature, chemical and light. It is flexible, versatile, environment-sensitive, cost-effective, and biocompatible with most cells. As a result, it finds extensive applications in sanitation, monitoring drug delivery, medication delivery systems, microfluids and converting, packaging, coal dewatering, nutrition, and food additives worldwide.

Hydrogel Market Trends:

The rising employment of hydrogels in the pharmaceutical industry to increase the storage stability of existing medical products represents one of the key factors driving the market. It is also included in wound dressing to moisturize the wound and aid in repairing the epidermis, removing extra dead tissues, and granulating the healing process. In addition, the growing utilization of hydrogels in sanitary products to make thinner pads with higher absorbency and increase swelling pressure and suction power is positively influencing the market. Besides this, non-governmental organizations (NGOs) and governments of several countries are organizing awareness programs to spread awareness about menstrual hygiene. This, coupled with the escalating demand for baby diapers, sanitary napkins, and paper towels across the globe, is contributing to the growth of the market. Furthermore, the increasing usage of hydrogel in contact lenses, biotechnology, and agriculture around the world is stimulating the growth of the market. Other factors projected to offer lucrative growth opportunities to industry players operating in the market are the rising infant and geriatric population, growing research and development (R&D) to create new and advanced products and technological advancements in the healthcare industry.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrogel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on raw material type, form, composition and application.

Breakup by Raw Material Type:

• Synthetic
• Natural
• Hybrid
   

Breakup by Form:

• Amorphous
• Semi-crystalline
• Crystalline
   

Breakup by Composition:

• Polyacrylate
• Polyacrylamide
• Silicone-modified Hydrogels (SiH)
• Others
   

Breakup by Application:

• Contact Lenses
• Personal Care and Hygiene
• Wound Care
• Drug Delivery
• Tissue Engineering
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Ashland Global Holdings Inc., B. Braun Melsungen AG, Cardinal Health Inc., Coloplast A/S, Essity AB, Evonik Industries AG, Hoya Corporation, Integra LifeSciences, Johnson & Johnson, Koninklijke DSM N.V., Medline Industries Inc., Medtronic plc, Smith & Nephew plc and The Cooper Companies Inc.

Report Coverage: