Hydrogel Market Report 2018 to 2023: Leading Industry Key Players - H.B. Fuller Company, Johnson & Johnson Private Ltd., Cardinal Health, The Cooper Companies, Inc., Dow Corning Corporation, BSN medical

Market Overview:

The Global Hydrogel Market is anticipated to expand at a staggering CAGR during the forecast period (2017-2023) due to the increasing utilization of hydrogels in the healthcare sector. Used in several applications such as healthcare, contact lenses, agriculture, tissue engineering, drug delivery, and others, hydrogel is lubricious, viscoelastic, permeable, and multifunctional in nature. Hydrogel is composed of a 3D network structure which can hold up to large volumes of water and is manufactured using polyvinyl alcohol, sodium polyacrylate, acrylate polymers, and several other polymers.

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Hydrogel with an optimum degree of crosslinking provides strong and elastic properties which are used as sanitary purposes, medical electrode in ECG, and also in breast implants.

Industry News:

In May 2018, Ambu acquired Invendo Medical GmbH which is a leading developer of sterile single-use high-definition endoscopy products in gastrointestinal and gastroenterology surgery fields.

Future Drivers and Constraints Affecting the Market Growth:

Hydrogel is known for its lubricious, permeable, viscoelastic, and multifunctional properties which provides comfort, flexibility, and biocompatibility. Owing to the growing production in contact lenses, personal hygiene, agriculture, and healthcare products, the market is anticipated to expand during the assessment period. Moreover, the healthcare sector along with the hygiene sector is set to witness the highest growth rate owing to the consumption of products such as baby diapers, perfumes, and several others. Increasing awareness regarding the availability of hydrogel formulations has galvanized R&D investment to develop new products which is supposed to be viewed as a bellwether for the growth of global hydrogel market over the review period.

Hydrogels are also used in hygiene and personal care sector due to its good oxygen permeability, soft and tissue-like properties, superior biocompatibility, water absorption, and micro-porous structure. With the increase in hygiene awareness, aging population and growing infant, and rising demand for feminine hygiene products is expected to spur the market growth over the forecast period.

Meanwhile, high cost related to complex production process of hydrogel coupled with environmental hazards from disposable synthetic hydrogel products are some of the major factors restraining the growth of the market globally.

Intended Audience:

• Hydrogel Manufacturers
• Traders and Distributors of Hydrogel
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory

Regional Analysis:

Geographically, Hydrogel Market is segmented across Five Regions in the world namely:
• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

Among these, North America holds a major share of the global market and is expected to continue its dominance due to rising demand for hydrogels in various applications. Due to these factors, U.S.A, Canada and Mexico are the major players in this region. The Asia Pacific region is predicted to witness a higher CAGR in countries such as China, India and Japan owing to growing demand for hydrogels in healthcare and hygiene, drug delivery systems and tissue engineering applications.

The Middle East & Africa, and Latin America regions are estimated to observe a significant growth in the market due to the rapid production of hydrogels in contact lenses, biotechnology.

A rapid development is observed in the European region owing to the growing consumption of hydrogels in paper towels, baby diapers, and others. Moreover, it is projected that the tissue engineering segment is set to grow at a rapid rate in the market due to innovation and technological advancement. Due to these factors, Germany, the U.K. and Italy are the major contributors to the hydrogels market in Europe.

Global Key Players:

The Top Players operating in the Hydrogel Market are:
• Johnson & Johnson Pvt. Ltd. (U.S.A),
• Cardinal Health (U.S.A),
• The Cooper Companies, Inc. (U.S.A),
• Dow Corning Corporation (U.S.A),
• R&D Medical Products Inc. (U.S.A),
• H.B. Fuller Company (U.S.A),
• Alliqua BioMedical, Inc. (U.S.A),
• Axelgaard Manufacturing Co. Ltd. (U.S.A),
• BSN medical (Germany)

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