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Global Hydrogel Market to Grow at a CAGR of 7% During 2021-2026, Aided by the Rising Use of Sanitary and Personal Hygiene Products Owing to the Surge in COVID-19 Cases

According to a new report by EMR titled, ‘Global Hydrogel Market Report and Forecast 2021-2026’, the market attained a value of about USD 23.6 billion in 2020. The industry is further expected to grow at a CAGR of 7% in the forecast period of 2021-2026 to reach a value of USD 35.5 billion by 2026.

The hydrogel industry is being aided by its use for various medical and biomedical purposes. Hydrogels, due to their hydrophilic nature, are extensively used in tissue engineering, drug delivery, wound healing, and cell encapsulation, among others, which is significantly aiding the market growth. Moreover, they are also used in the development of regenerative medicines as a means to compensate for donor shortages, further invigorating the market growth. Additionally, they contain numerous benefits associated with efficient wound care and provides moisture to a dry lesion, cool down a wound, and provide temporary relief from pain; hence are widely used for dressing various wounds, which is propelling the market growth. Increasing research and development (R&D) in biomedical sciences, especially tissue engineering and drug delivery, is anticipated to augment the market growth in the forecast period.

Smith & Nephew (NYSE: SNN), one of the leading players in the market, launched Solosite Gel in 2016. Solosite is a hydrogel wound dressing that can donate moisture to rehydrate non-viable tissues. It contains several preservatives and absorbs exudate while retaining its structure in the wound. Moreover, it can be used for minor conditions such as superficial lacerations, minor burns, skin tears, and cuts and abrasion, among others. Additionally, it can be used for the management of surgical incisions, venous ulcers, pressure ulcers, and diabetic foot. Solosite, furthermore, assists autolytic debridement and is non-irritating and gentle to fragile granulation tissue while being cost-effective. The development of such products is expected to catalyse the industry growth in the forecast period.

Market Analysis by Structure, Material, End Use and Region:

  • The market on the basis of structure can be divided into amorphous, semi-crystalline, and crystalline.
  • Based on materials, the industry can be divided into polyacrylate, polyacrylamide, and silicone, among others 
  • The end use for hydrogel include personal care and hygiene, pharmaceuticals and healthcare, contact lenses, and agriculture, among others.
  • The regional markets for hydrogel include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The surging use of sanitation and personal care products owing to the rising awareness about hygiene is propelling the market growth.
  • Increasing research and development (R&D) and the rising use of hydrogels in various industries is lubricating the market growth.
  • The use of hydrogel in the agricultural industry to improve yield and increase the water rendition capacity of soils are aiding the industry growth.
  • The use of hydrogel in several biomedical applications like drug delivery is further catalysing the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the market for hydrogel for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the structures, materials, end uses, and regions of hydrogel.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global hydrogel market are Cardinal Health, Inc., 3M Co., Smith & Nephew, CooperVision, Inc., and Johnson & Johnson Services, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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