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

Global hydrogel market is estimated to be valued at USD 29.68 Bn in 2024 growing at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031. Hydrogels are hydrophilic polymers that can absorb large amounts of water. These are used in a wide range of applications from personal care to biomedical due to their soft gel-like consistency and biocompatibility. Global hydrogel market has been growing significantly due to increasing demand from various end-use industries like healthcare, personal care, agriculture and others. Hydrogels are used for wound management and drug delivery applications due to their moisture retaining and soothing properties. Researchers are working on developing advanced hydrogels that can mimic natural tissues and aid in regenerative medicine and 3D cell cultures. It is estimated that the global hydrogel market will continue expanding in the near future as its applications become more prevalent.

 Market Dynamics:

Global hydrogel market growth is driven by factors like growing demand for advanced wound care products, increasing preference for hydrogels in personal care, and rising investments in tissue engineering research. However, stringent regulatory processes and relatively high costs involved in production and R&D of advanced hydrogels can hamper the market growth. Production of environmentally sustainable hydrogels without using toxic chemicals provides new opportunities in this industry. Market players are focusing on developing novel application-specific hydrogels for areas such as ophthalmology, agriculture, and others to capitalize on emerging opportunities.

Key features of the study:

• This report provides in-depth analysis of the global hydrogel market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global hydrogel market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Cardinal Health, Momentive Performance Materials, B. Braun Melsungen, Derma Sciences, Molnlycke Health Care, Paul Hartmann, Coloplast, Johnson & Johnson, Ocular Therapeutix, Medline Industries, 3M, Smith & Nephew , Royal DSM, Dow Corning Corporation , ConvaTec, Ashland , Evonik Industries , Cosmo Bio USA , MPM Medical , Hollister
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global hydrogel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydrogel market

Market Segmentation

• By Raw Material:
• • Natural
  • Synthetic
  • Hybrid
• By Composition:
• • Polyacrylate
  • Polyacrylamide
  • Silicone-modified Hydrogels
  • Others (Agar-based, etc.)
• By Form:
• • Amorphous Hydrogels
  • Semi Crystalline Hydrogels
• By Application:
• • Wound Care
  • Contact Lens
  • Drug Delivery
  • Agriculture
  • Personal Care & Hygiene
  • Others (Tissue Engineering, Dental, and Research & Forensic)
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Cardinal Health
  • Momentive Performance Materials
  • B. Braun Melsungen
  • Derma Sciences
  • Molnlycke Health Care
  • Paul Hartmann
  • Coloplast
  • Johnson & Johnson
  • Ocular Therapeutix
  • Medline Industries
  • 3M
  • Smith & Nephew
  • Royal DSM
  • Dow Corning Corporation
  • ConvaTec
  • Ashland
  • Evonik Industries
  • Cosmo Bio USA
  • MPM Medical
  • Hollister