Hydrogel Market Share

Smith & Nephew, 3M Company, Convatec Inc., Integra LifeSciences Corporation, and Johnson & Johnson, among others.

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.

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.

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.