Hydrogel Market is Forecasted to Reach US$ 16.77 Billion in 2028, Says Stratview Research

The global hydrogel market is projected to witness a growth rate of 6.15% annually from 2023 to 2028 with an anticipated size of US$ 16.77 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global hydrogel market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://stratviewresearch.com/Request-Sample/959/hydrogel-market.html#form

Report Highlights:
Market Size in 2028: US$ 16.77 billion
Growth (CAGR): 6.15% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Hydrogel Market:

The global hydrogel market is segmented based on form type, raw material type, composition type, application type, and region.

Based on raw material type - The market is segmented as natural, synthetic, and hybrid. The synthetic segment accounted for the largest share of the market in 2022 and is expected to remain dominant during the forecast period. The rise in the demand for hydrogel with synthetic raw material in the field of drug delivery, medicine, biotechnology, and tissue engineering drives the market.

Based on composition type - The hydrogel market is segmented as polyacrylate, polyacrylamide, silicone, and others. Polyacrylate dominated the hydrogel market with the increased use of personal care & hygiene products in 2022 and is expected to maintain its leading position during the forecast period.

Based on form type - The market is segmented as amorphous, semi-crystalline, & crystalline. The semicrystalline segment is expected to lead the global market for hydrogel during the forecast period. Semi-crystalline hydrogels are super-absorbent hydrogel polymers. This has made the use of semicrystalline hydrogels for pressure ulcers, venous leg ulcers, and postoperative wounds in the wound dressing industry.

To know the most attractive segments, click here:
https://stratviewresearch.com/959/hydrogel-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is estimated to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-

• Largest consumption in biotechnology and drug delivery from countries such as the USA and Canada.
• Europe and Asia-Pacific will also likely offer substantial growth opportunities during the forecast period.

Hydrogel Market Drivers:

Some of the key drivers listed in the report are given below.

• Increasing demand for personal care & hygiene products
• Rising disposable income
• Increasing penetration of hydrogels in the healthcare sector
• Growing demand for the microwave industry to boost market growth
• Rising adoption of hydrogels in drug delivery systems

Top Companies in the Hydrogel Market:

Stratview Research has identified the following companies as the top market players.
• B. Braun Melsungen
• Cardinal Health Inc.
• Derma Sciences
• Dow Corning
• Johnson & Johnson
• Medtronic plc
• Momentive Performance Materials Inc.
• Royal DSM
• Smith & Nephew plc
• The 3M Company
• others

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Hydrogel Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Related Reports:
• Silicone Market: https://stratviewresearch.com/1448/silicone-market.html

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This release was published on openPR.