About Hydrogel
Hydrogel is a gel-like or colloidal substance made of water and solids. Hydrogels are highly absorbent polymeric networks, which contain over 90% water. This implies that once put in an aqueous medium it can absorb water and swell, retaining the volume of absorbed water entrapped in the polymeric network. It is widely used in medical fields, industrial fields, consumer goods, etc. The global hydrogel market is expanding at a rapid pace due to its multiple advantages over traditional wound care materials, the healthcare industry is increasingly choosing hydrogel-based dressings as a viable wound therapy material.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.3% |
The market is fragmented by numerous numbers of key players applying various techniques due to the high demand for hydrogel in developing countries. Regional market players are competing based on price differentiation and services. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hydrogel market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hydrogels Inc. (United States), Confluent Medical Technologies (United States), PolyPlus Medical Technologies Inc. (United States), Hydrocell Corporation (Finland), Acelity (United States), Applied Biomaterials Inc. (United States), B Braun Medical AG (Germany), Hydrogel Solutions GmbH (Germany), Convatec (United Kingdom) and NEXGEL (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Shandong Lu'an Biologic Technology Co., Ltd. (China), R & D Medical Products Inc. (United States), C.G. Laboratories (United States) and Hydrogels Denmark A/S (Denmark).
Segmentation Overview
AMA Research has segmented the market of Global Hydrogel market by Type (Natural, Synthetic and Hybrid), Application (Pharmaceuticals and Healthcare, Industrial, Consumer Goods, Food, Agriculture and Others) and Region.
On the basis of geography, the market of Hydrogel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Composition, the sub-segment i.e. Homopolymeric will boost the Hydrogel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Acrylate will boost the Hydrogel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Structure, the sub-segment i.e. Amorphous will boost the Hydrogel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Increasing Demand for Polyacrylate Component Hydrogel due to its Flexibility, Absorbency, and Transparency Properties
Market Growth Drivers:
Increasing Adoption in the Microwave and Pharmaceutical Industries and Increasing Popularity of Hydrogel Contact Lenses
Challenges:
Toxicity Challenges through Research, Development, and Manufacturing Practices
Restraints:
High Costs Associated with The Production of Hydrogels May Restrain the Market Growth
Opportunities:
Large-Scale Investments are Being Made by Some Countries like China, Japan, and India and The Increasing Governmental Spending on Hydrogel Programs
Market Leaders and their expansionary development strategies
In August 2023, Confluent Biosciences, a leading developer of hydrogel biomaterials, acquired Medtronic's hydrogel portfolio. This acquisition expands Confluent's product offerings and strengthens its position in the hydrogel market.
In October 2023, Hydrocell Corporation launched its new line of cellulose nanofiber hydrogel sheets, offering a versatile platform for various biomedical applications. These sheets are highly absorbent, biocompatible, and can be customized for specific needs.
Key Target Audience
Manufacturer, Raw Material Provider, Government Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.