Hydrogel Product Trends and Forecast
The future of the global hydrogel product market looks promising with opportunities in the hospital, clinic, and pharmacy markets. The global hydrogel product market is expected to grow with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are growing demand for wound care products, rising usage in personal care products, and increasing application of this product in drug delivery systems.
• Lucintel forecasts that medical gel series is expected to witness the higher growth over the forecast period.
• Within this market, hospital is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States: Johnson & Johnson launched a new hydrogel wound dressing, aiming to reduce healing time by 20%. The FDA also announced plans to fast-track approval for hydrogel-based medical devices, encouraging innovation in the sector.
China: Shandong Xinzhi Biotechnology set ambitious targets to expand hydrogel production by 30% this year, supported by government subsidies for research in biomedical applications. Additionally, Shanghai-based researchers unveiled a breakthrough hydrogel for water purification, backed by government grants for further development.
Germany: BASF announced a partnership with local universities to develop eco-friendly hydrogel materials for agriculture, aligning with the governmentÄX%$%Xs sustainability goals. Moreover, the German Federal Ministry of Health allocated funds to research hydrogel-based drug delivery systems, aiming to improve patient care and reduce healthcare costs.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hydrogel Product by Segment
The study includes a forecast for the global hydrogel product by type, application, and region.
Hydrogel Product Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Medical Gel Series
• Beauty Film Series
• Health Therapy Series
• Others
Hydrogel Product Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Hospitals
• Clinics
• Pharmacy
• Others
Hydrogel Product Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hydrogel Product Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hydrogel product companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hydrogel product companies profiled in this report include-
• 3M Health Care
• Acelity
• Advanced Medical Solutions Group
• B.Braun
• BSN Medical
• Coloplast
• ConvaTec
• DeRoyal Industries
• Genewel
• Hartmann Group
Recent Development in the Hydrogel Product Market
BASF SE: BASF SE announced plans to expand its production capacity for superabsorbent polymers (SAP) at its sites in Asia Pacific to meet the growing demand for hygiene applications.
Evonik Industries AG: Evonik Industries AG is investing in the expansion of its production capacity for bio-based polyamide 12 (PA 12) to cater to the rising demand for sustainable materials in the hydrogel market.
AptarGroup, Inc.: AptarGroup, Inc. is focusing on developing innovative dispensing solutions for hydrogels used in drug delivery applications.
Kimberly-Clark Corporation: Kimberly-Clark Corporation is investing in research and development to create new hydrogel-based products for personal care applications.
Medtronic plc : Medtronic plc is exploring the use of hydrogels in developing new biocompatible materials for medical devices.
Features of the Global Hydrogel Product Market
Market Size Estimates: Hydrogel product market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hydrogel product market size by type, application, and region in terms of value ($B).
Regional Analysis: Hydrogel product market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the hydrogel product market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hydrogel product market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for hydrogel product market?
Answer: The global hydrogel product market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the hydrogel product market?
Answer: The major drivers for this market are growing demand for wound care products, rising usage in personal care products, and increasing application of this product in drug delivery systems.
Q3. What are the major segments for hydrogel product market?
Answer: The future of the hydrogel product market looks promising with opportunities in the hospital, clinic, and pharmacy markets.
Q4. Who are the key hydrogel product market companies?
Answer: Some of the key hydrogel product companies are as follows:
• 3M Health Care
• Acelity
• Advanced Medical Solutions Group
• B.Braun
• BSN Medical
• Coloplast
• ConvaTec
• DeRoyal Industries
• Genewel
• Hartmann Group
Q5. Which hydrogel product market segment will be the largest in future?
Answer: Lucintel forecasts that medical gel series is expected to witness the higher growth over the forecast period.
Q6. In hydrogel product market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hydrogel product market by type (medical gel series, beauty film series, health therapy series, and others), application (hospitals, clinics, pharmacy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Hydrogel Product Market, Hydrogel Product Market Size, Hydrogel Product Market Growth, Hydrogel Product Market Analysis, Hydrogel Product Market Report, Hydrogel Product Market Share, Hydrogel Product Market Trends, Hydrogel Product Market Forecast, Hydrogel Product Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.