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Hydrogel Market Size

  • Report ID: GMI6075
  • Published Date: Jun 2023
  • Report Format: PDF

Hydrogel Market Size

Hydrogel Market size accounted for USD 12.3 billion in 2022 and is estimated to grow at 6.5% to reach USD 22.8 billion by 2032 due to the increasing demand for advanced wound healing products.

 

This demand is driven by factors such as the expanding aging population, a growing incidence of chronic wounds, and a strong focus on achieving superior healing outcomes. Furthermore, hydrogels, with their moisture-retaining properties, ease of application, and ability to facilitate wound healing are becoming preferred choices in advanced wound care.

 

A hydrogel is a three-dimensional network of hydrophilic polymer chains that can absorb and retain a significant amount of water or biological fluids while maintaining a solid-like structure. Hydrogels have diverse applications in the medical field, including wound healing, drug delivery systems, tissue engineering, contact lenses, and ophthalmic devices.

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.

Hydrogel Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 341
  • Countries covered: 20
  • Pages: 220
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