U.S (New York)–The Report Ocean has recently published a new report titled “Hydrogel Market” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.
The world hydrogel market is estimated to garner $ 27.2 billion by 2022, registering a prominent CAGR of 6.3% from 2016 to 2022. This is attributed to the increasing adoption of hydrogel products for various applications, associated benefits of hydrogel over conventional substitutes, growing product-focused R&D activities by market players, and rising demand for hydrogel-based products in the emerging countries. Hydrogel products have been tested to show proven benefits such as improved water retention ability, controlled release, and preservation of stored components. These features have fostered their use as a preferred material for manufacturing hygiene products such as diapers, soft contact lenses, drug delivery patches, and wound care products.
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These products are widely used in, which would eventually drive the demand for hydrogel market during the forecast period. However, high production cost and potential environmental hazards associated with decomposition of synthetic hydrogels are the major restraining factors of the market.
According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The world hydrogel market has been segmented based on five categories namely, raw material type, composition, form, product, and end user. Based on the type of raw material used, the market is categorized into synthetic, natural, and hybrid hydrogels. Based on composition, the market is segmented into five segments namely, polyacrylate, polyacrylamide, silicone-modified hydrogels, agar-based, and others. Based on form in which hydrogel is used, the market is segmented into amorphous hydrogels and semi-crystalline hydrogels. The hydrogel market has been segmented into four product categories, which include semi-crystalline buttons, amorphous gels, impregnated gauze, films & matrices, and hydrogel sheets. Based on end users, the market is segmented into contact lenses, hygiene products, wound care, drug delivery, tissue engineering, and others.
Product-focused R&D is the key strategy adopted by market players to expand their hydrogel product portfolio. The customizable properties of hydrogel in products has stimulated extensive investments for development of new products. In line with this strategy, CooperVision, Inc. announced to launch Biofinity XR contact lens brandin 2015. Similarly, ConvaTec launched its product AQUACEL, a sterile dressing used to cover acute and chronic wound ulcers in 2015.
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KEY BENEFITS FOR STAKEHOLDERS:
This report provides an extensive analysis of the current market trends and future estimations of the world hydrogel market.
The world hydrogel market scenario is comprehensively analyzed in accordance to the raw material type, composition, form, product, and end users of hydrogels.
The market estimations in this report are based on high-end analysis of the key developments for 2015-2022.
Recent developments, key manufacturers, market shares, and upcoming products have been listed in this report to analyze the competitive scenario of the market.
The scenario beyond 2022 until 2027 has been explained through contingent patterns based on moderate, rapid, and slow growth rates of the market.
The key players profiled in this report include 3M Company, Smith & Nephew plc, ConvaTec, Inc., Alliqua Biomedical, Inc., Johnson & Johnson, Procyon Corp, BSN Medical GmbH, HB Fuller Company, Altergon Italia, AMBU, and The Cooper Companies.
HYDROGEL MARKET KEY SEGMENTS:
The world hydrogel market segmentation is illustrated as follows:
By Raw Material Type
Synthetic
Natural
Hybrid
By Composition
Polyacrylate
Polyacrylamide
Silicone-modified hydrogels
Agar
Others (polyethylene glycol (PEG), poly vinyl pyrrolidone (PVP), polyvinyl alcohol (PVA), gelatin, and other polysaccharides)
By Form
Amorphous
Semicrystalline
By Product
Semicrystalline buttons
Amorphous Gels
Impregnated Gauze
Films & Matrices
Hydrogel Sheets
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By End user
Contact Lenses
Hygiene Products
Wound Care
Drug Delivery
Tissue Engineering
Others (Agriculture, Forensics, and Research)
By Geography
North America
U.S.
Rest of North America
Europe
U.K
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of APAC
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
Reasons for Buying Acetonitrile Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Market.
- This report helps the readers understand key product segments and their future.
- From 2022 to 2031, All Recent Developments have been covered in this Report.
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