Hydrogel Market Growth Analysis | 2023-2028

Hydrogel Market Growth Analysis | 2023-2028

Hydrogel Market Growth Analysis | 2023-2028
Report code - SRAM388 Delivery - 2 Weeks
Hydrogel Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023- See more...

Market Insights

The hydrogel market was estimated at USD 11.66 billion in 2022 and is likely to grow at a CAGR of 6.15% during 2023-2028 to reach USD 16.77 billion in 2028.

Hydrogel-Market-Insights

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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.

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 systems

Hydrogel-Market-Dynamics

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Key Players

The following are the key players in the 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.

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Segments Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Raw Material Type Analysis

Natural, Synthetic, and Hybrid

Synthetic segments accounted for the largest share of the market in 2022.

Composition Type Analysis

Polyacrylate, Polyacrylamide, Silicone, and Others

Polyacrylate dominated the hydrogel market during the forecast period.

Form Type Analysis

Amorphous, Semi-Crystalline, and Crystalline

The semicrystalline segment is expected to lead the market during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

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

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. The rise in the demand for hydrogel with synthetic raw material in the field of drug delivery, medicine, biotechnology, and tissue engineering drives 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 2022 and is expected to maintain its leading position during the forecast period.

By Form Type

"The 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 Insights

"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. 

Hydrogel-Market-Regional-Insights

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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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. 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 hydrogel market is segmented into the following categories.

By Raw Material Type

  • Natural
  • Synthetic
  • Hybrid

By Composition Type

  • Polyacrylate
  • Polyacrylamide
  • Silicone
  • Others

By Form Type

  • Amorphous
  • Semi-Crystalline
  • Crystalline

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)

Hydrogel-Market-Segmentation

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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 of 2023 to 2028. After a continuous interest in our hydrogel market report from the industry stakeholders, we have tried to further accentuate our research scope to the hydrogel market to provide the most crystal-clear picture of the market. The report segments and analyses 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 the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the 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 1000 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 the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report 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.

The hydrogel market was estimated at USD 11.66 billion in 2022.

The hydrogel market is likely to reach USD 16.77 billion in 2028.

The hydrogel market is likely to grow at a CAGR of 6.15% during 2023-2028.

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

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