Hydrogel Market Growth Analysis | 2023-28

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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What is hydrogel?

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.

Key Players

Some of the major manufacturers are-

• 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

Market Dynamics

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.

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Segments Analysis

By Raw Material Type

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

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

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.

By Region

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 are also likely to offer substantial growth opportunities during the forecast period. 

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Segmentation

This report studies the market covering 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 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 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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?

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,