Press release
Hydrogel Market Forecast Projected Growth from USD 29.18 Billion in 2023 to USD 47.47 Billion by 2030 at a 7.2% CAGR
๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐThe Global Hydrogel Market is experiencing significant growth, driven by increasing applications across the medical, pharmaceutical, and personal care industries. The market was valued at USD 24.78 billion in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2030, reaching approximately USD 39.08 billion by the end of the forecast period. This press release explores opportunities, trends, and developments in key markets, including Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe, focusing on mergers, acquisitions, and industry updates.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/30928/
๐๐ข๐๐ญ๐ง๐๐ฆ: ๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's hydrogel market is seeing robust growth, fueled by increased investment in the medical and agricultural sectors. Recent partnerships and collaborations include Bold Biotech Ltd. and Green Health Vietnam, which launched an innovative hydrogel product for wound care applications. Vietnam's expanding healthcare infrastructure further supports the adoption of hydrogels for drug delivery and diagnostics.
๐๐ก๐๐ข๐ฅ๐๐ง๐: ๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's hydrogel market is driven by rising demand in the personal care and cosmetics industries. Local manufacturers like ๐๐ก๐๐ข ๐๐ฒ๐๐ซ๐จ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ ๐๐จ. ๐๐ญ๐. have entered joint ventures with international firms to develop sustainable and biodegradable hydrogel formulations. Government support for green technologies enhances the market's potential.
๐๐๐ฉ๐๐ง: ๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan remains a leader in hydrogel innovation, with companies such as ๐๐ฎ๐ฆ๐ข๐ญ๐จ๐ฆ๐จ ๐๐ก๐๐ฆ๐ข๐๐๐ฅ ๐๐ง๐ ๐๐ก๐ข๐ฌ๐๐ข๐๐จ pioneering advanced formulations for medical and skincare applications. Recent developments include bio-compatible hydrogels for tissue engineering and regenerative medicine. The country's emphasis on research and development ensures continued market expansion.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/30928/
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: ๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea is witnessing a wave of consolidation as local firms like ๐๐ ๐๐ก๐๐ฆ and ๐๐ ๐๐ข๐จ๐ฉ๐ก๐๐ซ๐ฆ๐ acquire smaller players to strengthen their portfolios. The market is characterized by advancements in hydrogel-based contact lenses and drug delivery systems, with government grants fostering innovation in healthcare solutions.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: ๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's hydrogel market is driven by cutting-edge research in nanotechnology and bioengineering. Institutions such as the National University of Singapore (NUS) have partnered with global firms like ๐๐๐ฅ๐๐๐๐ก ๐๐จ๐ซ๐ฉ. to develop hydrogels for medical implants and wound care. The nation's strategic location supports hydrogel exports across Asia.
๐๐: ๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The United States is the largest market for hydrogels, attributed to high demand in healthcare and consumer goods. Key players, including ๐๐จ๐ก๐ง๐ฌ๐จ๐ง & ๐๐จ๐ก๐ง๐ฌ๐จ๐ง and ๐๐ซ๐จ๐๐ญ๐๐ซ & ๐๐๐ฆ๐๐ฅ๐, are investing in sustainable and eco-friendly hydrogel products. Recent FDA approvals for hydrogel-based medical devices have accelerated market growth.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/30928/
๐๐ฎ๐ซ๐จ๐ฉ๐: ๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's hydrogel market is expanding due to increasing applications in drug delivery and agriculture. Companies like ๐๐๐๐ ๐๐ ๐๐ง๐ ๐๐ฏ๐จ๐ง๐ข๐ค ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฌ are focusing on biodegradable hydrogel formulations to meet stringent environmental regulations. Mergers, such as BASF SE's acquisition of ๐๐ข๐จ๐๐จ๐ฅ๐ฒ๐ฆ๐๐ซ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ, have further consolidated the market.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Johnson & Johnson launched an advanced wound care hydrogel product targeting diabetic ulcers, gaining significant traction in global markets.
Sumitomo Chemical announced a joint venture with ๐๐ข๐จ๐๐๐ง๐จ๐๐๐๐ก ๐๐จ., focusing on hydrogels for regenerative medicine.
LG Chem expanded its product portfolio with hydrogel-based drug delivery patches, entering into strategic partnerships with global healthcare firms.
๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐๐ฐ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ ๐๐ฒ๐ฉ๐
Synthetic
Natural
Hybrid
๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง
Polyacrylate
Polyacrylamide
Silicone-modified hydrogels (SiH)
Agar
Others
๐๐ฒ ๐ ๐จ๐ซ๐ฆ
Amorphous
Semi crystalline
๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ
Contact Lenses
Hygiene Products
Wound Care
Drug Delivery
Tissue Engineering
Others
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-hydrogel-market/30928/
๐๐ฒ๐๐ซ๐จ๐ ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Cardinal Health (US)
2. The 3M Company (US)
3. Dow Corning Corporation (US)
4. Integra LifeSciences (US)
5. Momentive Performance Materials Inc (US)
6. Ocular Therapeutix, Inc (US)
7. Ashland (US)
8. Medline Industries (US)
9. Gentell, Inc. (US)
10.MPM Medical (US)
11.AMERX Health Care Corporation (US)
12.Nexgel (US)
13.B. Braun (Germany)
14.AUL HARTMANN AG (Germany)
15.Evonik Industries AG (Germany)
16.BSN Medical GmbH (Germany)
17.BioCat GmbH (Germany)
18.Smith & Nephew (UK)
19.Convatec Group (UK)
20.Coloplast A/S (Denmark)
21.Molnlycke Health Care (Sweden)
22.Royal DSM (Netherlands)
23.Unicorp Biochem (India)
24.KCH India Private Limited (India)
25.Sekisui Plastics Co. Ltd. (Japan)
26.COSMO BIO CO.,LTD. (Japan)
27.Zhuhai Guojia New Material Co., Ltd. (China)
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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