USD 28.91 billion
Report ID:
SQMIG35A2990 |
Region:
Global |
Published Date: January, 2025
Pages:
181
|Tables:
139
|Figures:
70
Hydrogel Market size was valued at USD 28.91 billion in 2023 and is poised to grow from USD 30.93 billion in 2024 to USD 53.15 billion by 2032, growing at a CAGR of 7.0% during the forecast period (2025-2032).
The healthcare sector is a major driver of hydrogel demand, with applications extending from wound care dressings to tissue engineering. There is an increasing trend towards customizing hydrogel products, particularly in personal care and medical applications. Hydrogels have become increasingly popular in personal care hygiene due to their unique properties of high-water content, softness and elasticity, which greatly mimic natural tissue while over half of the world’s population requires some form of vision correction. The use of hydrogels in personal care and hygiene products is the key driver for the hydrogel market growth. The use of hydrogel in contact lenses to enhance comfort revives market growth. Hydrogels are widely used for wound care, drug delivery, tissue engineering, and as materials for pharmaceuticals such as wound care lenses and implants. Emerging knowledge in polymer chemistry and biological processes is leading to the rising use of hydrogels.
Key players in the hydrogel market are readily gathering funds to scale up the product and enhance its development. In March 2023, SolasCure announced that it had completed a series B investment round which can aid Aurase Wound Gel. The development and potential commercialization of this product suggests innovation in the field of wound care, potentially offering improved outcomes for patients with wounds.
High development and manufacturing costs may restrain the hydrogel industry. The process of researching, manufacturing and developing medical hydrogel products can be expensive, especially when advanced formulations, materials, and processes are involved. The cost of conducting research studies, obtaining regulatory approvals, and manufacturing scale up for market players, especially smaller ones. In addition to special raw materials that can present challenges for manufacturers, equipment requirements also contribute significantly to the overall cost burden. This high cost may make hydrogel-based materials more accessible and cheaper.
Market snapshot - 2025-2032
Global Market Size
USD 28.91 billion
Largest Segment
Polyacrylate
Fastest Growth
Polyacrylamide
Growth Rate
7.0% CAGR
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Global Hydrogel Market is segmented by Raw Material Type, Composition, Form, Application and region. Based on Raw Material Type, the market is segmented into Natural, Synthetic and Hybrid. Based on Composition, the market is segmented into Polyacrylate, Polyacrylamide, Silicon and Others. Based on Form, the market is segmented into Amorphous, Crystalline and Semi-crystalline. Based on Application, the market is segmented into Wound Care, Contact Lens, Drug Delivery, Agriculture, Personal Care & Hygiene and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per the hydrogel market analysis, polyacrylate is dominating due to their superabsorbent properties. Polyacrylate-based hydrogels provide notable advantages including a high water-absorbing capacity, and the ability to maintain their structural integrity in physiological conditions. Moreover, the rising applications of hydrogels in drug delivery, including transdermal drug delivery systems, oral drug delivery and ophthalmic drug delivery. Their ability to absorb and retain water or aqueous solutions far beyond their own mass makes them invaluable in applications requiring moisture control. Polyacrylate hydrogels can be easily modified to meet specific needs, including varying their swelling capacity, mechanical strength, and other properties. This makes them adaptable for diverse applications such as personal care, medical, and agricultural uses. The polyacrylamide is expected to be the fastest growing segment in the coming years. Polyacrylamide hydrogels play a vital role in the water treatment processes. This property is essential for both industrial wastewater treatment and municipal water purification systems, contributing to environmental protection and public health. They are used as flocculants in wastewater treatment to aggregate and settle suspended particles, making it easier to remove contaminants from water. Polyacrylamide-based hydrogels are extensively used in sectors such as agriculture, personal care, healthcare, and industrial applications due to their ability to retain water and provide a gel-like consistency under various conditions.
As per the global hydrogel market outlook, the agriculture segment has a large market share. Hydrogels can increase the water supply capacity of the soil, net vegetation, and reduce the effect of drought on vegetation and increase soil fertility. Besides, population growth, climate change acceleration and decline in arable land have increased the demand for, and hence demand for, sustainable and highly productive agricultural practices hydrogels. Compressed hydrogels can also be designed to absorb and release nutrients in a controlled manner that allows for more efficient use of the fertilizers, reduced runoff and environmental impact by destroying the environment. The pharmaceutical and healthcare segments are expected to witness strong growth in the hydrogel market during the forecast period, owing to the unique characteristics of hydrogels and their compatibility with various therapeutic applications. Therapeutics are retained and have a slow release, which can be modified by changing the structure of the hydrogel. Hydrogels in wound care have become indispensable due to their water retention properties, which provide moist wounds. This not only speeds up the healing process but also reduces patient pain and discomfort. Their capacity to encapsulate drugs and release them in a controlled and sustained manner enhances the therapeutic efficacy while minimizing side effects. Hydrogels are widely used for controlled drug delivery systems.
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The Asia Pacific region is dominating in the market due to the rising disposable income, increasing demand for hygiene and personal care products. The country has a large and diverse domestic drug industry, comprising around 5,000 manufacturers and many small or medium-sized companies. In the global pharmaceuticals sector, India is a prominent and expanding player. The healthcare sector in the Asia Pacific is expanding rapidly with a large and ageing population in countries like China and Japan. Digestive and metabolic drugs account for around 14% of the total market of the country. Furthermore, the presence of major hydrogel manufacturers and ongoing advancements in hydrogel technologies contribute to the region's leadership in the market. North America holds a significant share in the hydrogel market due to the increasing use of hydrogels in agriculture, biotechnology, and healthcare, among others. The region is witnessing significant growth in the hydrogel market due to the increasing demand for hydrogels in various applications such as wound care, drug delivery, and hygiene products, among others. Availability of well-established healthcare infrastructure, increasing investment in R&D and increasing aging population are some of the major factors driving the demand for hydrogel in North America. Moreover, the region has a strong focus on technological advancements and product innovation, which is expected to further drive the growth of the hydrogel market in the coming years.
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Novel Technological Advancements
Growing Personal Hygiene Concerns
High Production Costs
Limited Mechanical Strength and Durability
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The hydrogel market is characterized by a dynamic and competitive environment, with well-established global players and emerging local companies. Companies such as Johnson & Johnson, 3M, Cardinal Health and BASF SE dominate the hydrogel market, especially in healthcare and personal care. These players invest heavily in the R&D to develop advanced hydrogels, such as stimulants and biodegradable hydrogels, to meet the evolving needs of the consumer sector.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to SkyQuest analysis, the hydrogel market is experiencing significant growth, driven by various applications in industries such as healthcare, agriculture, personal care, and industrial manufacturing. Hydrogels are highly absorbent, 3D polymer networks that can hold water more while maintaining their structure. These unique properties, along with their biocompatibility and flexibility, add up to make them important in a variety of industries. The ability to provide a humid environment, absorb secretions, and effectively deliver active drugs makes them desirable for biomedical applications. Hydrogels are widely used in healthcare for wound care products, drug delivery systems and contact lenses. Overall, the hydrogel market is poised for robust growth, with continuous innovations and expanding applications across various industries, ensuring its pivotal role in addressing global challenges.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 28.91 billion |
Market size value in 2032 | USD 53.15 billion |
Growth Rate | 7.0% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Hydrogel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hydrogel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hydrogel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Global Hydrogel Market size was valued at USD 28.91 Billion in 2023 and is poised to grow from USD 30.94 Billion in 2024 to USD 53.15 Billion by 2032, growing at a CAGR of 7% in the forecast period (2025-2032).
The hydrogel market is characterized by a dynamic and competitive environment, with well-established global players and emerging local companies. Companies such as Johnson & Johnson, 3M, Cardinal Health and BASF SE dominate the hydrogel market, especially in healthcare and personal care. These players invest heavily in the R&D to develop advanced hydrogels, such as stimulants and biodegradable hydrogels, to meet the evolving needs of the consumer sector. '3M Company', 'B Braun Melsungen AG', 'Coloplast A/S', 'ConvaTec Group Plc', 'Svenska Cellulosa AB', 'Integra Lifesciences (Derma sciences)', 'Smith & Nephew Plc.', 'Johnson & Johnson', 'Procyon Corp.', 'Axelgaard Manufacturing Co. Ltd.', 'Gentell Inc.', 'Cardinal Health'
The increasing technological innovations such as the introduction of hydrogel electrolytes for producing safe and flexible batteries, are fueling the market. For instance, In September 2023, researchers at the Qingdao Institute of Bioenergy and Bioprocess Technology (QIBEBT), a part of the Chinese Academy of Sciences (CAS), created the innovative hydrogel electrolyte with an unusually high salt concentration. This development effectively mitigates water-induced side reactions, paving the way for extended and practical cycling capabilities in aqueous sodium-ion batteries.
Growing Demand from the Microwaves Industry: The demand for the hydrogels in these industries is primarily driven by factors such as increasing demand for wound care products, growing use of hydrogels in agriculture and rising adoption of hydrogels in drug delivery systems. Hydrogels are highly absorbent polymers that are used in a variety of end-use industries which includes healthcare, personal care, and agriculture. Hydrogels are used in wound dressings, drug delivery systems, and tissue engineering applications.
The Asia Pacific region is dominating in the market due to the rising disposable income, increasing demand for hygiene and personal care products. The country has a large and diverse domestic drug industry, comprising around 5,000 manufacturers and many small or medium-sized companies. In the global pharmaceuticals sector, India is a prominent and expanding player. The healthcare sector in the Asia Pacific is expanding rapidly with a large and ageing population in countries like China and Japan. Digestive and metabolic drugs account for around 14% of the total market of the country. Furthermore, the presence of major hydrogel manufacturers and ongoing advancements in hydrogel technologies contribute to the region's leadership in the market. North America holds a significant share in the hydrogel market due to the increasing use of hydrogels in agriculture, biotechnology, and healthcare, among others. The region is witnessing significant growth in the hydrogel market due to the increasing demand for hydrogels in various applications such as wound care, drug delivery, and hygiene products, among others. Availability of well-established healthcare infrastructure, increasing investment in R&D and increasing aging population are some of the major factors driving the demand for hydrogel in North America. Moreover, the region has a strong focus on technological advancements and product innovation, which is expected to further drive the growth of the hydrogel market in the coming years.
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