According
to Inkwood Research, the Global Hydrogel Market is set to evolve at a CAGR of
5.88% in terms of revenue during the forecast period, 2019-2028.
“Browse 65 Market Data Tables and 56 Figures
spread over 200 Pages, along with an in-depth TOC on the Global Hydrogel Market
Forecast 2019-2028.”
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A hydrogel is a polymeric substance that
has the ability to swell and retain water without dissolving it. It is
categorized into silicone-hydrogels, polyacrylate, polyacrylamide, and others,
on the basis of their structure. It finds applications in packaging, nutrition,
coal dewatering, medication delivery systems, tissue engineering, and food
additives.
Increasing
Applications of Hydrogel Fuels its Market Growth
There is a rising demand for hydrogel in
several applications. The application of hydrogel range from pharmaceutical to
electronics industries. It has strong and elastic properties with an optimum degree
of crosslinking. It is used in ECG as medical electrodes, for sanitary purposes
and breast implants. They are in demand in the biomedical field due to their
high potential water-carrying capacity. They can retain upto 600 times their
weight in water. Its mechanical properties make it a vital part of medical
application.
Moreover, these properties can be varied on
the basis of application. The soft & rubbery consistency, high water
content, offers a better feeling for the skin as compared to conventional
ointments and patches. Biodegradability is another advantage of deploying
hydrogels. It is also used in the cure of partial or serious wounds, necrotic
wounds, burns, and autolytic debridement.
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Contact
Lenses were the Major End-users in 2019
Contact lenses make it to the list of best
types for vision correction. They are used for aesthetics and fixing vision. They
are coated with scratch-resistant, ultraviolet shielding, anti-refractive
materials for enhancing calming advantages, which further provide user comfort.
Hydrogel lenses comprise gel-like materials that contain water. They are
pliable and thin, aligned with the eye surface.
The increasing geriatric population and the
growing fad among youngsters, with regard to enhanced aesthetic appearance, are
raising the demand for contact lenses. Silicone hydrogels are the latest in
soft lens material technologies. Silicone has higher oxygen permeability. This
allows more oxygen than water to pass. CooperCompanies supply several contact
lenses through its Coopervision product portfolio.
Asia
Pacific set to acquire the largest Revenue Share and Fastest-CAGR by 2028
The surging population and rising per
capita income have contributed to several developments in the Asia Pacific.
Wound care dressings and wound cleansing are in prominent use in the Asia
Pacific market. Hydrogel thus finds increasing applications in several
industries of the region. This is also due to the investments made in the
research & development activities, which further enhances market growth and
demands.
The hydrogel companies provide hydrogels to
a diverse group of application-based companies like medical devices, contact
lenses producers, and healthcare. The materials for hydrogel-based product
manufacturing are available with numerous suppliers. The consumer switching
cost is, therefore, low. This further culminates in a strong competitive
rivalry. Some of the eminent companies in the market are Paul Hartmann, Ashland,
Cardinal Health, Smith & Nephew Plc, Procyon Corporation, etc.
About Inkwood Research
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studies with relevant fact-based research are customized across industry
verticals such as technology, automotive, chemicals, materials, healthcare, and
energy, with an objective comprehension that acknowledges the business
environments. Our geographical analysis comprises of North & South America,
CEE, CIS, Middle East, Europe, Asia, and Africa.
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