Medical Grade Hydrogel Market Stand Out As The Biggest Contributor In Healthcare With Major Key Companies M, ConvaTec, Integra Lifescience Holdings Corporation, Smith & Nephew

On the basis of Geography, the global medical grade hydrogel market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to lead the medical grade hydrogel market during forecast period, owing to high number of plastic and reconstructive surgeries that are performed annually in which hydrogels based material is extensively used. According to report published by American Society of Plastic Surgeons 2017, around 290,467 breast augmentation surgeries were performed in 2016, which increased to 300,378 in 2017. High prevalence of the chronic disease such as cancer and cardiovascular disease and extensive research and development by pharmaceutical and biotech companies for development of innovative products are driving market growth. According to the estimation of Pharmaceutical Research and Manufacturers of America (PhRMA), in 2017, pharmaceutical industry invested around US$ 0.8 billion to US$ 1.7 billion per company on research and development activities. Europe is projected to witness significant growth in the medical grade hydrogel market.

Competitive Landscape

Key players operating in the medical grade hydrogel market include 3M, ConvaTec, Integra Lifescience Holdings Corporation, Smith & Nephew plc, United Axelgaard, Coloplast, Paul Hartmann, Medtronic plc, and Ocular Therapeutix.

Companies are launching novel products in order to gain larger market share and establish dominance over other competitors. For instance, Integra LifeSciences launched hydrogel-based product named Revize/Revize-X Collagen Matrix for Plastic and Reconstructive Surgery in October 2017.

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Market Taxonomy

On the basis of origin, the global medical grade hydrogel market is segmented into:

Natural Hydrogels
Synthetic Hydrogels
On the basis of crosslinking method, the global medical grade hydrogel market is segmented into:

Physically cross linked hydrogels
Chemically cross linked hydrogels
On the basis of sensitivity, the medical grade hydrogel market is segmented into:

pH sensitive hydrogels
Temperature sensitive hydrogels
Chemical sensitive hydrogels
Lights sensitive hydrogels
Others

Hydrogel are hydrophilic, three dimensional, and cross-linked polymer chain, which has property to absorb different fluids. They resemble body tissue with respect to their ability to absorb large amount of water. The property to absorb different types of the fluid makes hydrogel suitable for many medical applications. As human body consist of large amount of water, therefore hydrogels are highly biocompatible and can be used as carrier for many active ingredients. Being biodegradable, hydrogels are harmless as compared to other polymers. Hydrogels such as polysaccharides and polypeptides are of natural origin, whereas artificial hydrogels include N-isopropyl acrylamide and Jeffamine M-1000 acrylamide. Artificial hydrogels carries superior mechanical strength, longer shelf life, and larger capacity to absorb water. This hydrogels are based on the type of material from which they originate, shows varying response to pH, temperature, light, and different chemicals. The pH responsive hydrogels possess chemical/physical properties at specific pH. Gastric targeted drug such as small intestine, stomach, and colon targeted drug delivery system has been under development specifically for chronic conditions such as colon and stomach cancer. Cell modelling is conducted to mimic GI tract cell, based on pH characteristics. Light responsive hydrogels can be used in gene delivery, drug delivery, and biomedical sensors.

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This release was published on openPR.