Hydrogel Market is prognosticated to have a colossal growth at a towering CAGR over the estimated years (2017-2023). Hydrogel is chiefly made of water that is mixed with compounds for thickening the substance and adding to the healing abilities. It is multifunctional, permeable, viscoelastic and lubricious in nature. Having a 3D network structure, hydrogel can hold immense volumes of water and is made using acrylate polymers, sodium polyacrylate, polyvinyl alcohol and other polymers. Owing to its alluring features, hydrogel has a wide array of applications including capacitors in electronics, peptides, drug and protein delivery systems, wound healing applications, dental applications, tissue engineering, bacterial culture, plastic surgery, cosmetics, perfumes, domestic uses and others. Besides it is also used as medical electrode in ECG and sanitary purpose such as sanitary napkins and disposable diapers.
There are several factors that is propelling the growth of the hydrogel market. These factors according to MRFR (Market Research Future) report include use in various applications namely drug delivery, tissue engineering, agriculture, contact lenses, healthcare and more, increasing awareness, increasing use in contact lenses, availability of various formulations and chemistries, growing aging and infant population, rising hygiene awareness and constant need for feminine hygiene products. On the contrary, factors such as high costs related to complex production process coupled with prospective environment hazards resulting from disposable synthetic hydrogel products may hamper the growth of the hydrogel market.
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Leading players profiled in the hydrogel market include H.B. Fuller Company (U.S.A), BSN medical (Germany), Axelgaard Manufacturing Co. Ltd. (U.S.A), Dow Corning Corporation (U.S.A), Cardinal Health (U.S.A), Johnson & Johnson Private Limited (U.S.A), The Cooper Companies Inc. (U.S.A), R&D Medical Products Inc (U.S.A), and Alliqua BioMedical Inc (U.S.A).
March 2019- At the New Hampshire University, the researchers have come up with a hydrogel which can be made into contact lens for effectively treating corneal melting that leads to blindness. It is localized in the eye and will deactivate the MMPs through elimination of zinc ions present in the cornea. As this will be in the form of contact lens, the wearer can remove it if there are any issues.
Market Research Future report offers a comprehensive segmental analysis of the Hydrogel Market on the basis of composition, type, form and application.
Based on type, it is segmented into hybrid, natural and synthetic hydrogel. Of these, synthetic gels will have the largest share in the market over the estimated years due to the increasing use of hydrogel in drug delivery, medicine, tissue engineering and biotechnology. This segment is predicted to expand rapidly owing to the increasing consumption of hydrogel in microwaves and medicine.
Based on composition, the hydrogel market is segmented into polyacrylamide, polyacrylate, hydrogels and others. Of these, polyacrylamide hydrogel and polyacrylate hydrogel will lead the market due to its water absorbing capacity, elasticity and transparency.
Based on form, it is segmented into amorphous, crystalline and semi-crystalline. Of these, amorphous will dominate the market due to its water-locking capability and moisture maintaining property.
Based on application, the hydrogel market is segmented into tissue engineering, contact lenses, drug delivery systems, agriculture, healthcare and hygiene and others. Of these, healthcare and hygiene will lead the market over the estimated years owing to burgeoning need for feminine hygiene products and increasing awareness concerning hygiene amid the population.
Based on region, the hydrogel market covers growth opportunities and latest trends across North America, Asia Pacific, Latin America, Europe and Middle East and Africa. Of these, North America will have the maximum market share due to increasing demand for hydrogel in tissue engineering, medicine, agriculture, biotechnology and others. The hydrogel market in the APAC region will have an extensive growth due to growing population and increasing per capita income. The key contributors in this region include India, China and Japan. In Europe, the hydrogel market will have a significant progress over the estimated years owing to the burgeoning need for healthcare and personal products such as paper towels, baby diapers and sanitary napkins. Due to high disposable income and technological advancements, the hydrogel market in this region is predicted to expand at a high rate. The key contributors in this region include the UK, Germany and Italy. In Latin America, the hydrogel market is expected to expand due to the growing consumption of hydrogel in contact lenses, tissue engineering, medicine and biotechnology. In the Middle East and Africa, the hydrogel market is anticipated to have a higher growth owing to burgeoning demand for hydrogel in drug delivery systems, tissue engineering and wound dressing.
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