Tokyo, Feb. 25, 2022 (GLOBE NEWSWIRE) -- According to Precedence Research, the global hydrogel market size was valued at US$ 22.45 billion in 2021. The hydrogel is made up of three-dimensional polymeric structures that can absorb and hold large amounts of water. The hydrogel is a polymeric material with the ability to grow and hold water without dissolving in it. The functional hydrophilic groups connected to the polymeric backbone give hydrogels their ability to absorb water. The cross links between the network chains of hydrogels provide resistance to disintegration.
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The global hydrogel market is expanding at a rapid pace due to their multiple advantages over traditional wound care materials, the healthcare industry is increasingly choosing hydrogel-based dressings as a viable wound therapy material. The hydrogel is popular because it keeps the wound moist, reduces discomfort, and speeds up the healing process. The hydrogels sector is predicted to benefit from the growing popularity of contact lenses over spectacles. The hydrogels are also used in the production of personal care and hygiene products as superabsorbent polymers. The hydrogels in personal care products absorb body fluids while increasing customer comfort, and increasing public awareness of personal hygiene provides a significant business opportunity.
| Report Coverage | Details |
| Market Size by 2030 | USD 37.98 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 6% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Companies Covered | Cardinal Health, B. Braun Melsungen, Momentive Performance Materials, Derma Sciences, Johnson & Johnson, Molnlycke Health Care, Paul Hartmann, Coloplast, Ocular Therapeutix, Medline Industries |
Report Highlights
- Based on the raw material type, the synthetic hydrogels segment dominated the global hydrogel market in 2020 with highest market share. The synthetic hydrogels have a long service life, excellent gel strength, and high-water absorption capacity. The synthetic polymers frequently contain well defined structures that can be modified to provide flexibility and degradability. The need for synthetic hydrogen is expected to rise as a result of these factors.
- Based on the composition, polyacrylate segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to polyacrylate hydrogels’ ability to retain water, making them useful in hygiene and personal care applications. The rise of the segment has also been aided by enhanced hydrogel properties such as elasticity.
- North America is the largest segment for hydrogel market in terms of region. This is owing to the growing need for hydrogel in biotechnology, agriculture, medical, tissue engineering, and other sectors. The technological advancements will also lead to launch of new products in the regional market.
- Asia-Pacific region is the fastest growing region in the hydrogel market. This is attributed to the growing populations and rising per capita incomes of Asia-Pacific region. The emerging nations like India, Japan, and China accounting for the majority of consumption in the region.
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Market Dynamics
Drivers
Surge in research and development investments
The increased investment and expenditure in research and development activities by leading pharmaceutical, biotechnology, and medical firms in pursuit of new drugs, delivery systems, and diagnostics are expected to drive the global hydrogel market. The hydrogel has shown to be a potential medication delivery technique due to its great physical features. Thus, the surge in research and development investments is driving the growth of the global hydrogel market during the forecast period.
Restraints
High cost of hydrogels
There are a few things to think about when choosing a hydrogel material. Some people consider hydrogel materials to be expensive. Furthermore, the hydrogels can be difficult to disinfect. The sterilization is extremely crucial for people working in medicine delivery and wound care applications since it prevents infection and contamination. The natural and synthetic hydrogels are quite costly in the market. Thus, the high cost of hydrogels is restricting the growth of the hydrogel market during the forecast period.
Opportunities
Wide applications of hydrogels in diverse sectors
The hydrogels are used in variety of ways. They can be used as hygiene products, smart wound dressing, drug delivery, and general medical applications. The hydrogels can be found in a variety of items such as hair gel, cosmetics, and toothpaste. The superabsorbent hydrogels made of acrylate-based polymers are used in disposable baby diapers to absorb liquids. The hydrogels are strong contenders for many medical applications because of their softness, porosity, and high-water content, which are remarkably similar to natural live bodily tissue. The tissue bulking agents, nerve guiding conduits, contact lenses, and nucleus replacement technology are all examples of common applications of the hydrogels. Thus, the wide application of hydrogels in diverse sectors is creating lucrative opportunities for the market growth.
Challenges
Environmental risks
The production of hydrogels emits toxic and harmful gases in the environment. The hydrogels are extracted from natural raw materials, which can also harm the surrounding and environment. Thus, the environmental risks as a result of the production of hydrogels are a major challenge for the growth of the global hydrogel market.
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Segments Covered in the Report
By Raw Material Type
- Synthetic Hydrogels
- Natural Hydrogels
- Hybrid Hydrogels
By Composition
- Polyacrylate
- Polyacrylamide
- Silicone-modified Hydrogels
- Agar-based
- Others
By Form
- Amorphous Hydrogels
- Semi Crystalline Hydrogels
By Product
- Semi Crystalline Buttons
- Amorphous Gels
- Impregnated Gauze
- Films & Matrices
- Hydrogel Sheets
By End User
- Lenses
- Hygiene Products
- Wound Care
- Drug Delivery
- Tissue Engineering
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
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