Hydrogel Market Updates

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.