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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.
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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.
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