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Hydrogel Market Trends

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

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Hydrogel Market Trends

The increasing prevalence of chronic wounds and ulcers is expected to supplement the industry expansion. For instance, according to the International Wound Journal report, the global prevalence of chronic wounds is estimated at 1.5 to 2.2 per 1,000 population, and the incidence is expected to rise with ageing populations worldwide. As the number of individuals affected by conditions such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers continues to rise, there is a growing demand for effective wound management solutions. Furthermore, the increasing awareness among healthcare professionals about the benefits of hydrogels in managing chronic wounds.

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.