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

Regional Analysis

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North America has established itself as the dominant region in the global hydrogel market with 45.3% share. With the presence of several large medical device manufacturers and research institutes, the U.S. and Canada account for the majority of the market share. Many advanced wound care products featuring hydrogel technologies originated from research conducted in universities and hospitals in this region. North American companies have established a stronghold in markets for consumer products using hydrogels such as baby diapers, adult incontinence products and contact lenses.

Asia Pacific region has seen tremendous growth and is emerging as the fastest growing market for hydrogels. Countries like China, India, Japan and South Korea are rapidly expanding their healthcare infrastructures and witnessing increased disposable incomes. This boosts consumption of advanced woundcare and medical devices. At the same time, these nations offer attractive production environments due to lower costs of setting up manufacturing facilities and an abundant skilled workforce. Several large North American and European companies have established production bases in Asia to cater to the growing local demand as well as export to other markets.