Hydrogel Market Analysis | 2023-2028

Hydrogel Market Analysis | 2023-2028

Hydrogel Market Analysis | 2023-2028
Report code - SRAM388 Delivery - 2 Weeks
Hydrogel Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity See more...

Market Insights

"The hydrogel market is estimated to grow from USD 11.66 billion in 2022 to USD 16.77 billion by 2028 at a CAGR of 6.15% during the forecast period."

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Market Dynamics

Introduction

Hydrogel is a three-dimensional network of hydrophilic polymers that can hold a large amount of water while maintaining the structure due to the chemical or physical cross-linking of individual polymer chains. They can swell in water. There must be at least 10% water content of the total weight/volume for a material to be a hydrogel. Hydrogen undergoes a volume phase transition in response to physical and chemical stimuli such as temperature, electric and magnetic fields, solvent composition, light intensity, pressure, pH, ions, and specific chemical compositions and can return to its initial state after a reaction as soon as the trigger is removed.

Hydrogel Market Report Overview

Market Size in 2028

USD 16.77billion

Market Size in 2022

USD 11.66 billion

Market Growth (2023-2028)

CAGR of 6.15%

Base Year of Study

2022

Trend Period

2017-2021

Forecast Period

2023-2028

 

Market Drivers

The prime factors contributing to the demand for hydrogels are:

  • Increasing demand for personal care & hygiene products.
  • Rising disposable income
  • Increasing penetration of hydrogels in the healthcare sector.
  • Growing demand for the microwave industry to boost market growth.
  • Rising adoption of hydrogels in drug delivery system.

Segments Analysis

By Raw Material Type

"Synthetic segment accounted for the largest share of the market in 2022"

The market is segmented as natural, synthetic, and hybrid. The synthetic segment accounted for the largest share of the market in 2022 and is expected to remain dominant during the forecast period. Rise in the demand for hydrogel with synthetic raw material in the field of drug delivery, medicine, biotechnology, and tissue engineering to drive the market.

By Composition Type

"Polyacrylate dominated the hydrogel market during the forecast period"

The hydrogel market is segmented as polyacrylate, polyacrylamide, silicone, and others. Polyacrylate dominated the hydrogel market with the increased use of personal care & hygiene products in 2019 and is expected to maintain its leading position during the forecast period.

By Form Type

"Semicrystalline segment is expected to lead the market during the forecast period"

The market is segmented as Amorphous, Semi-Crystalline & Crystalline. The semicrystalline segment is expected to lead the global market for hydrogel during the forecast period. Semi-crystalline hydrogels are super-absorbent hydrogel polymers. This has made the use of semicrystalline hydrogels for pressure ulcers, venous leg ulcers, and postoperative wounds in the wound dressing industry.

Regional Analysis 

"North America is estimated to remain the largest market during the forecast period"

North America is estimated to remain the largest market during the forecast period with the largest consumption in biotechnology and drug delivery from countries such as the USA and Canada. Europe and Asia-Pacific will also likely offer substantial growth opportunities during the forecast period. 

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Key Players

The following are the key players in the Hydrogel Market (arranged alphabetically)

  • B. Braun Melsungen
  • Cardinal Health Inc.
  • Derma Sciences
  • Dow Corning
  • Johnson & Johnson
  • Medtronic plc
  • Momentive Performance Materials Inc.
  • Royal DSM
  • Smith & Nephew plc
  • The 3M Company
  • others

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Hydrogel market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

What are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

 

Segmentation

This report studies the market, covering 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Form Type:

  • Amorphous 
  • Semi-Crystalline 
  • Crystalline 

By Raw Material Type:

  • Natural 
  • Synthetic 
  • Hybrid 

By Composition Type:

  • Polyacrylate
  • Polyacrylamide 
  • Silicone
  • Others

By Application Type:

  • Contact Lenses
  • Wound Care 
  • Personal Care & Hygiene
  • Drug Delivery
  • Agriculture
  • Others

By Region:

  • North America (Country Analysis: the USA, Canada, and Mexico) 
  • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
  • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
  • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

  • This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s hydrogel market realities and future market possibilities for the forecast period.
  • The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
  • The vital data/information provided in the report can play a crucial role for market participants and investors in identifying the low-hanging fruits available in the market and formulating growth strategies to expedite their growth process.
  • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
  • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
  • We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players)
  • SWOT analysis of key players (up to 3 players)

Market Segmentation

  • Current market segmentation of any one of the application types by composition type.

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, 

Frequently Asked Questions (FAQs)

Hydrogel is a three-dimensional network of hydrophilic polymers that can hold a large amount of water while maintaining the structure due to the chemical or physical cross-linking of individual polymer chains. They can swell in water. There must be at least 10% water content of the total weight/volume for a material to be a hydrogel. Hydrogen undergoes a volume phase transition in response to physical and chemical stimuli such as temperature, electric and magnetic fields, solvent composition, light intensity, pressure, pH, ions, and specific chemical compositions and can return to its initial state after a reaction as soon as the trigger is removed.

B. Braun Melsungen, Cardinal Health Inc., Derma Sciences, Dow Corning, Johnson & Johnson, Medtronic plc, Momentive Performance Materials Inc., Royal DSM, Smith & Nephew plc, The 3M Company, and others are among the key players in the market.

North America is expected to remain the largest hydrogel market during the next five years.

The synthetic segment will remain the dominant raw material type in the coming years.

The prime factors driving the growth of hydrogel market are the increasing demand for personal care & hygiene products along with rising disposable income and increasing penetration of hydrogels in the healthcare sector.

Polyacrylate is expected to maintain its leading position in the coming years.

The hydrogel market is estimated to grow from USD 11.66 billion in 2022 to USD 16.77 billion by 2028

The hydrogel market is estimated to grow at a CAGR of 6.15% during the forecast period.

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