Global Hydrogel Market Size, Growth, Opportunities Analysis & Forecast to 2019-2028


Posted November 6, 2020 by sonikashukla98

Global Hydrogel Market would observe a CAGR of 7.04% over the forecast period of 2019-2028.
 
Bharat Book Bureau Provides the Trending Market Research Report on “Global Hydrogel Market 2019-2028”under Biomaterial Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

Global Hydrogel Market would observe a CAGR of 7.04% over the forecast period of 2019-2028.

The rising medical advancements and wound care management, increasing use of hydrogel in the cosmetic industry, and an increase in the consumption of personal care & hygiene products are predominant factors driving the market. Additionally, the increasing trend of & need for soft lenses, the surge in the aging population and rise in the cases of ulcers, obesity, and chronic conditions are responsible for generating opportunities in the global market.

However, high manufacturing cost, lack of awareness among end-users, and inadequate response of hydrogels to the external environment are restraining the hydrogel market's progress. Moreover, the difficulty in decoupling variables in drug delivery is challenging market advancement.

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REGIONAL OUTLOOK
The global hydrogel market comprises the Asia-Pacific, North America, Europe, Latin America, and the Middle East and Africa.
The Asia-Pacific is likely to become the fastest-growing region in the global market over the forecast period. It is also expected to become the largest market globally, in this period. It has witnessed immense development owing to its rise in population and growth in per capita income. Sectors like healthcare, agriculture, and hygiene have grown promptly in countries such as Japan, India, and China. This has made the Asia-Pacific a key competitor in the global market.
Furthermore, the demand for hydrogel is mainly witnessed in developing countries, which is attributable to the growth in its medical industry. Besides, hydrogel is used to produce goods such as injury care products, diapers, and contact lenses, among others. All these factors are aiding the growth of the region’s hydrogel market.

COMPETITIVE OUTLOOK
The prominent companies in the market include The Cooper Companies Inc, B Braun Holding GmbH & Co KG, Cardinal Health, Coloplast, Hoya Corporation, 3M Company, Procyon Corporation, Derma Sciences, Ashland Global Holdings Inc, Medline Industries, Smith & Nephew, Medtronic Plc, Dow Corning Corporation, Momentive Performance Materials, Johnson & Johnson Services, Paul Hartmann, and Essity.
Johnson & Johnson, a global holding company, is involved in healthcare, focusing on the research and development, manufacture, and sale of a variety of products. Headquartered in the United States, the company operates in the Asia-Pacific, Europe, the UAE, Russia, New Zealand, Japan, Africa, Dominican Republic, Czech Republic, Latin America, and Australia. Johnson & Johnson functions in segments such as consumer, pharmaceutical, and medical devices. ACUVUE® OASYS is a silicone hydrogel contact lens offered by the company in this market. Furthermore, the consumer subsection comprises products used in baby care, oral care, beauty, and women's health, among others.

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Tags hydrogel market
Last Updated November 6, 2020