GLOBAL HYDROGEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Hydrogel Market Size and Trends

Global hydrogel market is estimated to be valued at USD 29.68 Bn in 2024 and is expected to reach USD 46.43 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031. Hydrogels have widespread application in various areas such as wound care, implantable devices and drug delivery systems. Their ability to retain water content similar to natural tissues increases their demand across sectors.

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Global hydrogel market trend includes rising demand from the healthcare industry. With surging preference for advanced wound care solutions coupled with innovations in burn and ulcer treatment, hydrogels cater to new growth opportunities. Their biocompatibility makes them suitable for use in tissue engineering and regenerative medicine as well. Research focused on expanding hydrogel applications can drive the market growth in the near future.

Growing Adoption in Wound Care Management

Global hydrogel market is expected to witness significant growth due to increasing adoption of hydrogels in wound care management. For instance, according to the data published by National Institute of Health in 2021, chronic wounds impact the quality of life of nearly 2.5% of the total population in the U.S., and about 8.2 million Medicare beneficiaries suffer from chronic, nonhealing wounds. Hydrogels are playing a critical role in wound healing procedures due to their ability to absorb fluid, maintain a moist environment, and mimic natural tissue. With rising incidences of chronic wounds such as diabetic foot ulcers and pressure ulcers, primarily due to the growing geriatric population and increasing prevalence of lifestyle diseases, the demand for advanced wound care products is surging. Hydrogels have emerged as an effective solution due to their ability to promote autolytic debridement of necrotic tissues from wounds, accelerate re-epithelialisation and granulation of tissues. Their biocompatible and non-irritant nature enables painless and gentle removal of dead tissues. This ensures faster wound healing with reduced risk of infection and scarring compared to other options like surgical debridement.

Rising Focus on Drug Delivery Capabilities

Growing focus on their capabilities for controlled drug delivery and release. Hydrogels offer advantages over other drug delivery platforms through their high water content, tunable physical properties, flexibility in design and ease of surface functionalization. These attributes enable encapsulation of a wide range of molecules and precisely modulating the diffusion rates. This makes hydrogels an effective vehicle for localized and sustained delivery of antimicrobials, growth factors and other bioactive molecules to enhance wound healing. Their ability to emulate the natural extracellular matrix also supports cellular activities like proliferation and migration.