Research Reports

Market Overview

• The Global Hydrogel Market is expected to grow at a high CAGR during the forecasting period (2019-2026).
• Hydrogel is a water-insoluble polymer chain network that can retain high water content within its structure (about 90% water in the gel base). Hydrogels are used in hygiene products such as baby diapers, sanitary pads, adult incontinence pads, and soft contact lenses. Natural and synthetic hydrophilic polymers can be physically or chemically cross-linked in order to produce hydrogels. Their resemblance to living tissue opens up many opportunities for applications in biomedical areas.

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Market Dynamics

• The global Hydrogel market is primarily driven by the increasing incidence of acute, traumatic, and chronic wounds. In addition, they are also used during the treatment of partial or thick wounds, necrotic wounds, burns, and autolytic debridement. Approximately, 1-2 out of every 100 individuals experience a chronic wound in their lifetime. For instance, pressure ulcers are chronic wounds which are caused by unrelieved pressure on the skin and can develop over the hip, shoulder, and back. Pressure ulcers appear as an abrasion, persisting redness of the skin, and blisters that can be treated using hydrogel dressings.
• Moreover, market growth will mainly be driven by the ability of hydrogel to offer superior performance compared to conventional products. Rising hygiene awareness, coupled with growing infant and aging population in emerging economies, and continuous demand for feminine hygiene products, is expected to drive the hydrogel market in the hygiene industry. Hence, the demand for hydrogel is increasing in the personal care & hygiene sector. As the sector is growing, the demand for hydrogel is expected to grow during the forecast period.

Segment Analysis

• By material, the global Hydrogel market is segmented into Polyacrylate, Polyacrylamide, Silicone, and Other Materials (Agar, PEG, PVP, PVA, Gelatin). The polyacrylate segment of the hydrogel market is anticipated to grow at the highest during the forecast period. This growth can be attributed to the water retention ability of polyacrylate hydrogels that increase their applicability in the personal care & hygiene application. Moreover, superior properties of hydrogels, such as transparency and elasticity, have further led to the growth of the polyacrylate segment.
• By application, the global Hydrogel Market is segmented into contact lenses, hygiene products, wound care, drug delivery, tissue engineering, and others (agriculture, forensics, and research). With growing personal care and hygiene, agriculture, and pharmaceuticals and healthcare sectors in countries, such as China, India, and Brazil, the demand for hydrogel is expected to increase in developing countries.
• The hygiene products application segment is expected to grow at a significant pace during the forecast period, primarily driven by baby and child-specific products, depilatories, and oral care products.

Geographical Analysis

• By geography, the global Hydrogel market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
• In 2018, North America holds a major share of the market due to the growing demand for hydrogel in agriculture, biotechnology and medicine, tissue engineering, and others. However, APAC is expected to higher CAGR during the forecast period. The Asia Pacific region is anticipated gain an enormous development due to increasing population and growing per capita income. It is likely that the synthetic hydrogel division is set to experience a higher growth rate due to increasing demand for drug delivery systems, health care and hygiene, agriculture, and others. Due to these driving aspects, countries such as Japan, China, and India are anticipated to be the major key players in hydrogel market.

Competitive Analysis

• Hydrogel market is highly competitive, and thus, manufacturers continuously focus on developing new strategies to grab more number of customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Hydrogel. To that end, besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Hydrogel. Merger, acquisition, and product development are key strategies adopted by leading players.
• The major players include 3M, Sekisui Plastics Co. Ltd, Johnson & Johnson Services, ConvaTec Inc., and Novartis AG. Other prominent players in the market are Ambu, Bausch Health Companies Inc., BSN Medical GmbH, Molnlycke Health Care, and Paul Hartmann.
• In 2018, Bausch Health Companies Inc. announced the expansion of contact lens manufacturing capacity at its Bausch + Lomb sites in Rochester, N.Y. and Waterford, Ireland. The Company is adding multiple production lines at these two sites to support the manufacture of its innovative daily disposable silicone hydrogel (SiHy daily) contact lenses.

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