The modern-day document posted via Report Ocean, titled “Hydrogel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
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. 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.
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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.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
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The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
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
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By Product
Semicrystalline buttons
Amorphous Gels
Impregnated Gauze
Films & Matrices
Hydrogel Sheets
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
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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