Global Hydrogels Market
The market is projecting an estimated CAGR of 6.9% during 2017-2022 (the forecast period). The demand for hydrogel is driven by its increasing use in various industries like personal care & hygiene, pharmaceuticals & healthcare, food, agriculture, and others; hydrogel is also used for replacing conventional products.
The growing adoption of hydrogel products for various applications has supported the growth of the global hydrogel market. Hydrogels are widely used as biomaterials as they are structurally similar to body tissue. Hydrogel-based drug delivery system can lead to reduction of toxicity and side effects, and ensure targeted delivery. These products can retain a large amount of water in their polymer network, thereby, retaining the activity of proteins and preventing them from denaturation.
The global hydrogel market is further segmented into hydrogel structure, material type, application, and geography. In terms of structure, the hydrogel market has been segmented into amorphous, semi-crystalline, and crystalline. By type, the market is segmented into polyacrylate, polyacrylamide, silicone, and others. By material type, polyacrylate and polyacrylamide have higher market share, while polyacrylamide type expected to grow rapidly during the forecast period. By end-user, the market has been segmented into personal care & hygiene, pharmaceuticals & healthcare, food, agriculture, and others.
AREAS WITH SCOPE FOR HYDROGEL
North America accounted for the largest market size (in USD million), in terms of consumption. The United States remains the largest market in the region and globally. The growing demand in the healthcare industry for hydrogel has driven the market in the United States. Asia-Pacific has an increased demand for hydrogel products in feminine hygiene end-users and others, led by China.
Benefits of hydrogel, like improved water retention ability, preservation of stored components, and controlled release, over conventional products are the major reasons for the market’s growth. Hydrogels are used in the manufacturing of soft contact lens, wound care products, diapers, and drug delivery patches. The growing demand for synthetic hydrogels has also led to extensive research activities.
Source: Mordor Intelligence Analysis
NOTABLE DEVELOPMENTS IN THE MARKET
Discovery of multi-functional self-healing hydrogel.
Invention of a new type of glue that can be used to bond hydrogels to other hard or soft objects.
Why Purchase the Global Hydrogel Market Report?
TO know about the latest R&D in the hydrogel market.
The effect of hydrogel on the environment, subsequently affecting the hydrogel market.
To analyze various perspectives of the market with the help of Porter’s five forces analysis.
The type of hydrogel that will dominate the market.
The regions that will witness the fastest growth during the forecast period.
Identify the latest developments, market shares and strategies employed by major market players, such as:
Smith & Nephew plc
Johnson & Johnson
Alliqua BioMedical, Inc.
BSN Medical GmbH
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