Hydrogel Market Size Expands with 7.2% CAGR, North America Leading the Growth

The global Hydrogel Market Size is experiencing substantial expansion, driven by its versatile applications across healthcare, agriculture, and personal care sectors. In 2023, the market was valued at approximately USD 29.18 billion and is projected to reach nearly USD 47.47 billion by 2030, reflecting a compound annual growth rate (CAGR) of 7.2% during the forecast period.

To delve deeper into this research, please follow this link: https://www.maximizemarketresearch.com/request-sample/30928/ 

Hydrogel Market Country-Specific Insights:

Hydrogel Opportunities in the United States

The U.S. hydrogel market is expanding, driven by applications in wound care and drug delivery systems. Companies such as 3M and Johnson & Johnson are at the forefront of innovation.

Hydrogel Consolidation in the United Kingdom

The UK has seen consolidation in the hydrogel market, with companies like Smith & Nephew acquiring firms to expand their product offerings.

Hydrogel Growth in Japan

Japan's aging population has led to a surge in demand for hydrogel-based personal care products, such as adult diapers. Companies like Unicharm Corporation are leading the market with innovative hydrogel applications.

Hydrogel Consolidation in South Korea

South Korea has seen significant consolidation in the hydrogel market, with major players like LG Chem acquiring smaller firms to enhance their product portfolios in medical and cosmetic applications.

Hydrogel Updation in Singapore

Singapore's focus on research and development has led to advancements in hydrogel technologies. Institutions are collaborating with companies to develop next-generation hydrogels for biomedical applications.

Hydrogel Updation in Canada

Canadian companies are updating their hydrogel technologies, focusing on applications in wound care and environmental engineering.

Recent Mergers and Acquisitions:

• Johnson & Johnson acquired Abbott Medical Optics, enhancing its hydrogel-based contact lens portfolio.
• Derma Sciences launched MEDIHONEY, a hydrogel-based wound care product, expanding its presence in the medical sector.

To find more information about this research, please visit: https://www.maximizemarketresearch.com/request-sample/30928/ 

Hydrogel Market Segment Analysis:

by Raw Material Type

Synthetic

Natural

Hybrid

During the projected period, the synthetic segment is anticipated to develop at the greatest CAGR based on the kind of raw material. Strong gels, extended service lives, and high water absorption rates are characteristics of synthetic hydrogels. Thankfully, synthetic polymers often have well-defined structures that can be modified to offer customised degradability and flexibility. These factors are predicted to increase the need for synthetic hydrogel.

by Composition

Polyacrylate

Polyacrylamide

Silicone-modified hydrogels (SiH)

Agar

Others

The Polyacrylate sector is anticipated to expand at the greatest compound annual growth rate (CAGR) throughout the forecast period. This expansion may be due to polyacrylate hydrogels' capacity to retain water, which increases their appropriateness for usage in personal care and hygiene applications. The polyacrylate market has expanded thanks to enhanced hydrogel qualities like elasticity and transparency.

by Form

Amorphous

Semi crystalline

by End-User

Contact Lenses

Hygiene Products

Wound Care

Drug Delivery

Tissue Engineering

Others

During the projection period, the Personal Care and Hygiene segment is anticipated to expand at the greatest CAGR based on end users. Hydrogel's soft and tissue-like physical characteristics, water absorption, high oxygen permeability, enhanced biocompatibility, micro-porous structure for additional transport channels, and many other attributes make it the perfect material for use in hygiene products. The goal of the hygiene product sector is to provide smaller pads with greater suction power, improved swelling pressure, and higher absorbency under load. The best option is to use hydrogel because of its properties. According to MMR research, the market for baby nappies and feminine hygiene products is projected to grow by approximately 6.5% from the current year to reach over USD 95.90 billion in 2023.

Looking for insights on the market? Don’t miss the summary of the research report: https://www.maximizemarketresearch.com/request-sample/30928/ 

Hydrogel Market, Major Players are:

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)

Discover What's Trending:

Hair Gel Market-https://www.maximizemarketresearch.com/market-report/hair-gel-market/203377/ 

Hydrogel-based Drug Delivery System Market-https://www.maximizemarketresearch.com/market-report/global-hydrogel-based-drug-delivery-system-market/115760/ 

Shower Gel Market-https://www.maximizemarketresearch.com/market-report/global-shower-gel-market/108612/ 

Pharmaceutical Gelatin Market-https://www.maximizemarketresearch.com/market-report/pharmaceutical-gelatin-market/216076/ 

Angelica Extract Market-https://www.maximizemarketresearch.com/market-report/global-angelica-extract-market/103506/ 

About Us

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

Contact Us:

MAXIMIZE MARKET RESEARCH PVT. LTD.

3rd Floor, Navale IT park Phase 2,

Pune Banglore Highway, Narhe

Pune, Maharashtra 411041, India.

+91 9607365656

sales@maximizemarketresearch.com