According to a new report by Market Research Future, (MRFR), the global market for hydrogel is anticipated to expand at a staggering CAGR during the forecast period (2017-2023) due to the increasing utilization of hydrogels in the healthcare sector.
Global Hydrogel Market Segmentation
The global market for hydrogel has been segmented on the basis of composition, type, form, application, and region.
The market has been segmented into synthetic, natural, and hybrid hydrogel based on type. Among these, the synthetic gels segment holds the maximum market share owing to its increasing use in the field of biotechnology, tissue engineering, medicine, and drug delivery. Also, the hybrid gel is anticipated to expand at a rapid pace due to its increasing consumption in the field of medicine and microwaves.
The market has been segmented into silicone hydrogels, polyacrylate, and polyacrylamide on the basis of composition. Among these, the polyacrylamide and polyacrylate hydrogel segment showcases the majority share in the market owing to its transparency, elasticity, and water absorbing capacity.
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The market has also been segmented into semi-crystalline, crystalline, and amorphous on the basis of forms. Among these, the amorphous segment is majorly used owing to its moisture maintaining property and water-locking capability.
The market has been segmented into healthcare and hygiene, agriculture, drug delivery systems, contact lenses, tissue engineering, and others based on application. Among these, healthcare and hygiene sector dominate the market due to increasing awareness about hygiene among the population and rising demand for feminine hygiene products.
Competition Analysis
The prominent players operating the market for hydrogel globally are Alliqua BioMedical Inc (U.S.A), R&D Medical Products Inc (U.S.A), The Cooper Companies Inc. (U.S.A), Johnson & Johnson Private Limited (U.S.A), Cardinal Health (U.S.A), Dow Corning Corporation (U.S.A), Axelgaard Manufacturing Co. Ltd.(U.S.A), BSN medical (Germany), H.B. Fuller Company (U.S.A), and others.
North America to Hold the Largest Market Share
Geographically, the market has been spanned across five major regions such as North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa. North America is anticipated to hold the largest market share, owing to the high demand for hydrogel in biotechnology, agriculture, medicine, tissue engineering, and others. The segment for contact lenses is anticipated to showcase a rapid growth during the assessment period owing to the rising production and consumption in regions like Canada, U.S.A., and Mexico. The tissue engineering segment is also expected to showcase a higher growth rate over the review period.
The Asia Pacific region has achieved an extensive growth owing to the rising per capita income and growing population. Due to the presence of countries like Japan, China, and India, the market is expected to expand in the coming years. The segment for synthetic hydrogel is anticipated to witness a higher CAGR due to its increasing demand in healthcare and hygiene, agriculture, drug delivery systems and others in this region.
Europe has been observed to show significant progress due to its increasing demand for personal and healthcare products like sanitary napkins, baby diapers, and paper towels. With the technological advancements and high disposable income, the market is expected to grow at a higher rate. Italy, Germany and the U.K. are the leading players in this region.
Owing to the increasing consumption of hydrogel in biotechnology and medicine, tissue engineering, and contact lenses, the Latin American region is anticipated to witness a growth in the years to come. Moreover, the Middle East and Africa are expected to witness a higher growth rate over the assessment period due to the high demand of hydrogel in wound dressing, tissue engineering, and drug delivery systems.
Industry News
In May 2018, Ambu acquired Invendo Medical GmbH which is a leading developer of sterile single-use high-definition endoscopy products in gastrointestinal and gastroenterology surgery fields.
Table Of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Hydrogel Market
5 Industry Overview Of Global Hydrogel Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
List Of Tables:
Table 1 World Population By Major Regions (2017 To 2030)
Table 2 Global Hydrogel Market: By Region, 2017-2023
Table 3 North America Hydrogel Market: By Country, 2017-2023
Table 4 Europe Hydrogel Market: By Country, 2017-2023
Table 5 Asia-Pacific Hydrogel Market: By Country, 2017-2023
Table 6 Middle East & Africa Hydrogel Market: By Country, 2017-2023
Table 7 Latin America Hydrogel Market: By Country, 2017-2023
Table 8 Global Hydrogel By Type Market: By Regions, 2017-2023
Table 9 North America Hydrogel By Type Market: By Country, 2017-2023
Table10 Europe Hydrogel By Type Market: By Country, 2017-2023
Table11 Asia-Pacific Hydrogel By Type Market: By Country, 2017-2023
Table12 Middle East & Africa Hydrogel By Type Market: By Country, 2017-2023
List Of Figures:
FIGURE 1 Global Hydrogel Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Hydrogel Market
FIGURE 4 Value Chain Of Global Hydrogel Market
FIGURE 5 Share Of Global Hydrogel Market In 2017, By Country (In %)
FIGURE 6 Global Hydrogel Market, 2017-2023,
FIGURE 7 Sub Segments Of Type
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