Hydrogels for Medical Application Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global hydrogels for medical application market is anticipated to grow at a CAGR of nearly 5.2%during the forecast period (2022-2028).Hydrogels are used for producing contact lenses, hygiene products, and wound dressings.Hydrogen contributes to advanced recyclability, reduced contamination of the environment, and provides sustainability. Furthermore, rising innovation and growing hydrogel applications also propel the growth of the market during the forecast period.The increasing use in the pharmaceutical industry to prolong drug shelf-life, evaporative cooling hydrogel packaging to increase the storage stability ofexiting pharmaceutical products along with increasing awareness of hydrogel formulations are accelerating the market growth. These are the factors that give a boost to the global hydrogels for medical application market during the forecast period. In addition, the market is also driving due to its ability to absorb water originates from functional hydrophilic groups attached to the polymeric backbone. It holds the ability to swell and hold some water without dissolving in water along with its use in the products such as sanitation, medication delivery systems, packaging, coal dewatering, nutrition, food additives, tissue engineering, and others.

Additionally, in September 2021, the Indian Institute of Technology Hyderabad (IIT-H) announced that the researchers from the biomedical department at IIT-H collaborated with LV Prasad Eye Institute and the Centre for Cellular and Molecular Biology to come up with a technique that is less invasive and can replace complex surgical procedures in ophthalmology and the researcher develops hydrogel to regenerate cornea. The official also added that the corneal hydrogel was tested for two complications associated with cornea corneal scarring and Keratoconus, and in both cases, it can be successfully used as a treatment strategy to avoid complicated surgeries.

Some major players in the market includeJohnson & Johnson Services, Inc., 3M Co., andSmith & Nephew plc, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.In January 2022, NEXGEL, Inc. declared the launch of its MEDAGEL ClearComfort Hydrogel Patch. The patches using NEXGEL’s advanced hydrogel technology prevent and treat foot blisters by comfortably insulating the skin from friction caused by rubbing and chafing in shoes.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • ByType
  • By Application
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

 

• Competitive Landscape-Johnson & Johnson Services, Inc., 3M Co., and Smith & Nephew plc, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Hydrogels for Medical Application Market Report by Segment

ByType

• Crosslinking Agent Crosslinked Hydrogels
• Physical Crosslinked Hydrogels

By Application

• Drug Delivery Systems (DDS)
• Hydrogel Dressings
• Implants
• Others

By End-User

• Contact Lenses
• Hygiene Products
• Wound Care
• Drug Delivery
• Tissue Engineering
• Others (Forensics and Research)