Hydrogel Market Size, Share, Industry, Forecast and outlook (2023-2030)

Global Hydrogel Market is segmented By Material (Polyacrylate, Polyacrylamide, Silicone), By Application (Contact Lenses, Hygiene Products, Wound Care, Drug Delivery, Tissue Engineering), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Share, Size, Outlook, and Opportunity Analysis, 2023-2030 

Hydrogel Market Report Overview

The Global Hydrogel Market is expected to reach at a CAGR of 6.21% during the forecast period 2023-2030. The Global Hydrogel Market report analyzes the market size, current trends, competitive landscape, and future market outlook. The demand for hydrogel is increasing due to its wide range of applications in various industries such as healthcare, agriculture, and others. Hydrogels are used in wound dressings, contact lenses, drug delivery systems, and water retention in agriculture, among others. The market is witnessing a surge in demand from regions such as Europe, and Asia Pacific due to the increasing adoption of hydrogel-based products. The competitive rivalry is intensifying with major players such as Johnson & Johnson, 3M Company, Evonik Industries AG, and others actively operating in the market.

Hydrogel is a water-insoluble polymer chain network that can retain high water content within its structure (about 90% water in the gel base). Hydrogels are used in hygiene products such as baby diapers, sanitary pads, adult incontinence pads, and soft contact lenses. Natural and synthetic hydrophilic polymers can be physically or chemically cross-linked to produce hydrogels. Their resemblance to living tissue opens up many opportunities for applications in biomedical areas.

Hydrogel Market Scope and Summary

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Hydrogel Market Dynamics and Trends

The global Hydrogel market is primarily driven by the increasing incidence of acute, traumatic, and chronic wounds. Besides, they are also used to treat partial or thick wounds, necrotic wounds, burns, and autolytic debridement. Approximately 1-2 out of every 100 individuals experience a chronic wound in their lifetime. For instance, pressure ulcers are chronic wounds caused by unrelieved pressure on the skin and can develop over the hip, shoulder, and back. Pressure ulcers appear as an abrasion, persisting redness of the skin, and blisters that can be treated using hydrogel dressings.

Moreover, market growth will mainly be driven by the ability of the hydrogel to offer superior performance compared to conventional products. Rising hygiene awareness, coupled with the growing infant and aging population in emerging economies, and continuous demand for feminine hygiene products, is expected to drive the hydrogel market in the hygiene industry. Hence, the demand for hydrogel is increasing in the personal care & hygiene sector. As the sector grows, the demand for hydrogel is expected to grow during the forecast period.

Hydrogel Market Segmentation Analysis

By material, the global Hydrogel market is segmented into Polyacrylate, Polyacrylamide, Silicone, and Other Materials (Agar, PEG, PVP, PVA, Gelatin). The polyacrylate segment of the hydrogel market is anticipated to grow at its highest during the forecast period. This growth can be attributed to the water retention ability of polyacrylate hydrogels that increase their applicability in personal care & hygiene application. Moreover, superior properties of hydrogels, such as transparency and elasticity, have further led to the growth of the polyacrylate segment.

By application, the global Hydrogel Market is segmented into contact lenses, hygiene products, wound care, drug delivery, tissue engineering, and others (agriculture, forensics, and research). With growing personal care and hygiene, agriculture, pharmaceuticals, and healthcare sectors in countries like China, India, and Brazil, the demand for hydrogel is expected to increase in developing countries.

The hygiene products application segment is expected to grow at a significant pace during the forecast period, primarily driven by baby and child-specific products, depilatories, and oral care products.

Hydrogel Market Geographical Share

By geography, the global Hydrogel market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

In 2018, North America held a major share of the market due to the growing demand for hydrogel in agriculture, biotechnology, medicine, tissue engineering, etc. However, APAC is expected to have a higher CAGR during the forecast period. The Asia Pacific region is anticipated to increase due to the increasing population and growing per capita income. The synthetic hydrogel division is likely to experience a higher growth rate due to increasing demand for drug delivery systems, health care, hygiene, agriculture, etc. Due to these driving aspects, countries such as Japan, China, and India are anticipated to be the major key players in the hydrogel market.

Hydrogel Companies and Competitive Landscape

The hydrogel market is highly competitive, and thus, manufacturers continuously focus on developing new strategies to grab more customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Hydrogel. Besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Hydrogel. Merger, acquisition, and product development are key strategies adopted by leading players.

The major players include 3M, Sekisui Plastics Co. Ltd, Johnson & Johnson Services, ConvaTec Inc., and Novartis AG. Other prominent players in the market are Ambu, Bausch Health Companies Inc., BSN Medical GmbH, Molnlycke Health Care, and Paul Hartmann.

In 2018, Bausch Health Companies Inc. announced the expansion of contact lens manufacturing capacity at its Bausch + Lomb sites in Rochester, N.Y., and Waterford, Ireland. The Company is adding multiple production lines at these sites to support its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses.

Why Purchase the Report?

• Identify commercial and residential opportunities in the global Hydrogel Market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the global Hydrogel Market - level 3/5 segmentation.
• A PDF report with the most relevant analysis was compiled after exhaustive qualitative interviews and an in-depth market study.
• Product mapping in Excel for the key products of all major market players

Target Audience

• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers