Major market players operating in the hydrogel market include
Smith & Nephew
3M Company
Convatec Inc.
Integra LifeSciences Corporation
Johnson & Johnson
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
Global market for hydrogel accounted for USD 12.3 billion in 2022 and will grow at 6.5% CAGR through 2032, due to the increasing demand for advanced wound healing products.
The contact lenses segment dominated the market with a revenue share of 34.1% in 2022. Contact lenses made from hydrogel materials offer numerous advantages, which along with the increasing prevalence of vision-related disorders is fueling segment share.
North America market accounted for 46.6% revenue share in 2022 and will record a considerable growth through 2032, backed by factors such as a well-established healthcare infrastructure, increasing aging population, and a high prevalence of chronic diseases.
Smith & Nephew, 3M Company, Convatec Inc., Integra LifeSciences Corporation, and Johnson & Johnson, among others.