Hydrogel Market SWOT Analysis Of Top Key Player Forecasts To 2025

Global Hydrogel Market: Snapshot

Hydrogels are a cross-linked, three-dimensional network of synthetic or organic polymer chains that contain 90% water. The capability of hydrogels of holding a significant amount of water and their softness make them flexible, hydrophilic in nature, and unique. Sodium polyacrylate, polyvinyl alcohol, acrylate polymers, and copolymers are ingredients widely used during the manufacture of hydrogels. Hydrogels are widely employed in soft contact lenses, disposable diapers, wound dressings, drug delivery, and components of medical electrodes. Rising use of hydrogel in a number of applications across the personal care and hygiene sectors is expected to present vast growth opportunities for the global hydrogel market in the next few years.

Transparency Market Research states that the global hydrogel market was valued at US$10,084.9 mn in 2016. The market is expected to exhibit a healthy 6.3% CAGR from 2017 to 2025 and rise to a valuation of US$17,487.6 mn by 2024. In terms of volume, the market is expected to exhibit a 5.5% CAGR over the said period.

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Polyacrylamide- and Polyacrylate-based Hydrogels to Witness Strong Demand

On the basis of type, hydrogel can be broadly categorized into polyacrylate, polyacrylamide, silicone and others. Polyacrylate polymers, also known as water-lock polymers, are prepared by polymerizing acrylic acid via physical or chemical crosslinking. Sodium polyacrylate-based hydrogels are employed in product such as baby diapers, sanitary napkins, adult incontinence products, feminine hygiene products, and paper towels. Polyacrylamide is used in tissue engineering as well as in drug treatment, sanitary napkins, diapers, food packaging products, ophthalmic operations, wrinkle filling, and water purification. Silicone-based hydrogel is widely employed in soft and disposable daily wear contact lenses.

Of these, the segments of polyacrylamide and polyacrylate are expected to expand significantly during the forecast period due to the rising adoption of disposable sanitary products by consumers. The segment of silicone-based hydrogel is also anticipated to develop rapidly over the report’s forecast period owing to the growing demand for daily disposable soft contact lenses.

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North America Market to Remain Dominate

North America held significant share of hydrogel market in 2016 followed by Europe and Asia Pacific. The U.S. accounted for a significant share of the hydrogel market in North America in 2016. The U.S. has the highest standards for healthcare. Rising prevalence of chronic wounds such as diabetic foot ulcer, venous ulcer, and pressure ulcer is likely to increase the usage of hydrogel in healthcare industry.

The rest of Europe held a significant share in the hydrogel market in Europe in 2016; however, Germany accounted for the dominant share. Owing to the immense demand for personal care & hygiene products such as baby diapers and adult incontinence products in Europe, the need for hydrogel has been experiencing a significant surge in the last few years. This trend is predicted to continue during the forecast period as well.

In Asia Pacific region China led the hydrogel market in 2016. Rise in population in the region is anticipated to boost the usage of feminine hygiene products, adult incontinence products, and baby diapers in the near future. This, in turn, is estimated to drive the demand for hydrogel during the forecast period. The hydrogel market in Latin America and Middle East & Africa is likely to provide steady market demand during the forecast period.

Some of the leading vendors operating in the global hydrogel market are Procyon Corporation, 3M Company, Conva Tec Inc., Johnson & Johnson Services Inc., BSN Medical GmbH, Medico Electrodes International Ltd., The Cooper Companies, Inc., H.B. Fuller Company, Altergon Italia Srl, R&D Medical Products Inc., Spes Medica Srl., Katecho Inc., Takiron Co. Ltd., Sekisui Plastics Co. Ltd., Alliqua Biomedical Inc., and Axelgaard Manufacturing Co., Ltd. Company.

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