Press release
PEG Hydrogel-based Medical Device Market Revenue Share, Insights & Future Outlook
Polyethylene glycol (PEG) materials offer solubility, good biocompatibility, non-toxicity, and low immunogenicity. They are widely used in medical treatments such as wound adhesion, hemostasis, leakage prevention, and adhesion prevention during surgical operations. PEG-based hydrogels can also serve as raw materials for medical devices implanted in the human body, replacing traditional plant-, animal-, or human-source materials.When sprayed onto a wound, PEG-based hydrogel rapidly solidifies to prevent bleeding and infection, then degrades naturally after healing. Applied on organ surfaces during surgery, it prevents internal adhesions without causing abnormal reactions. PEG derivatives are fully metabolized and excreted, ensuring safety and biocompatibility.
What is Driving Growth in the PEG Hydrogel-based Medical Device Market?
The global PEG Hydrogel-based Medical Device market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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How Will Regional Markets Like North America and Asia-Pacific Perform?
North American market for PEG Hydrogel-based Medical Device is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for PEG Hydrogel-based Medical Device is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Which Companies Are Leading the PEG Hydrogel-based Medical Device Market?
The major global manufacturers of PEG Hydrogel-based Medical Device include Baxter, Becton Dickinson, Boston Scientific, Cardinal Health, Medtronic, Stryker, Integra LifeSciences, Pramand, Success Bio-Tech, Medprin Biotech, etc. In 2023, the top three vendors accounted for approximately % of global revenue.
Market Segmentation
By Type
• 4-Arm PEGs
• 8-Arm PEGs
• Multi-Arm PEGs
By Application
• Surgical Closure and Hemostasis
• Radiation Therapy Tissue Barrier
Key Companies in the Market
• Baxter - Specializes in medical devices and biopharmaceuticals, including PEG-based hydrogel solutions.
• Becton Dickinson - Offers innovative healthcare solutions including surgical and wound care devices.
• Boston Scientific - Develops advanced medical devices for minimally invasive procedures.
• Cardinal Health - Provides a wide range of surgical and healthcare products including PEG hydrogels.
• Medtronic - Global leader in medical technology with expertise in surgical and therapeutic devices.
• Stryker - Known for advanced surgical equipment and innovative wound care solutions.
• Integra LifeSciences - Specializes in medical devices for surgery, neurology, and tissue regeneration.
• Pramand - Provides biomedical solutions including tissue barrier and hemostasis products.
• Success Bio-Tech - Focused on PEG-based hydrogels and bioactive medical materials.
• Medprin Biotech - Offers biomaterials and medical device solutions, including hydrogel products.
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