The latest research study “Hydrogel Market Growth: Global Industry Trends, Size, Share, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global hydrogel market reached a value of US$ 24.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 36 Billion by 2027, exhibiting at a CAGR of 6.00% during 2022-2027.
Hydrogel refers to a three-dimensional (3D) network of hydrophilic polymers that can absorb and retain a large amount of water without dissolving. It comprises of silk fibroin, hyaluronic acid, collagen, chitosan, and alginate, which assist in responding to various stimuli, such as temperature, chemicals, pH, and light. Hydrogel is versatile, environment-sensitive, flexible, cost-effective, and biocompatible with most cells. As a result, it finds widespread usage in drug delivery, medication delivery, sanitation, microfluidics, packaging, coal dewatering, and nutrition applications across the globe.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Hydrogel Market Trends and Drivers:
The escalating demand for these polymers in the pharmaceutical industry to increase the storage stability of existing medical products and in wound dressings to moisturize, repair the epidermis, remove extra dead tissues, and granulate the healing process is among the primary factors driving the hydrogel market.
Besides this, the elevating product demand to make thinner pads with higher absorbency, increased swelling pressure, and augmented suction power is further augmenting the market growth. Apart from this, the rising requirement for hydrogel in biotechnology laboratories, contact lenses, and the agriculture sector is also catalyzing the global market.
Moreover, the expanding infant and geriatric population, extensive research and development (R&D) activities to develop the latest products, and the inflating technological advancements in the healthcare sector are acting as significant growth-inducing factors. Furthermore, the launch of favorable policies by the government bodies towards the awareness of menstrual hygiene is expected to bolster the hydrogel market in the coming years.
|Hydrogel Market Report Scope|
|Market size value in 2021||US$ 24.7 Billion|
|Market forecast in 2027||US$ 36 Billion|
|Growth Rate||CAGR of 6.00% from 2022 to 2027|
|Base year for estimation||2021|
Global Hydrogel Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, raw material type, form, composition and application.
Breakup by Raw Material Type:
Breakup by Form:
Market Breakup by Composition:
- Silicone-modified Hydrogels (SiH)
Breakup by Application:
- Contact Lenses
- Hygiene Products
- Wound Care
- Drug Delivery
- Tissue Engineering
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.