Hydrogel Market Size Analysis 2018 – 2023 and Industry Shares by Johnson & Johnson Private Limited, Cardinal Health, The Cooper Companies, Dow Corning, R&D Medical Products, H.B. Fuller, Alliqua BioMedical, Axelgaard Manufacturing, BSN medical

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.

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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 microporous 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.

North America to Hold the Largest Market Share

Geographically, the market has been spanned across five major regions such as North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. North America is anticipated to hold the largest market share, owing to the high demand for Hydrogel in biotechnology, agriculture, medicine, tissue engineering, and others. The segment for contact lenses is anticipated to showcase a rapid growth during the assessment period owing to the rising production and consumption in regions like Canada, U.S.A., and Mexico. The tissue engineering segment is also expected to showcase a higher growth rate over the review period.

The Asia Pacific region has achieved an extensive growth owing to the rising per capita income and growing population. Due to the presence of countries like Japan, China, and India, the market is expected to expand in the coming years. The segment for synthetic Hydrogel is anticipated to witness a higher CAGR due to its increasing demand in healthcare and hygiene, agriculture, drug delivery systems and others in this region.

Europe has been observed to show significant progress due to its increasing demand for personal and healthcare products like sanitary napkins, baby diapers, and paper towels. With the technological advancements and high disposable income, the market is expected to grow at a higher rate. Italy, Germany and the U.K. are the leading players in this region.

Owing to the increasing consumption of Hydrogel in biotechnology and medicine, tissue engineering, and contact lenses, the Latin American region is anticipated to witness a growth in the years to come. Moreover, the Middle East and Africa are expected to witness a higher growth rate over the assessment period due to the high demand of Hydrogel in wound dressing, tissue engineering, and drug delivery systems.

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