The hydrogel market is estimated to be USD 11.43 Billion in 2017 and is projected to reach USD 15.33 Billion by 2022, at a CAGR of 6.04% between 2017 and 2022. The growth of the hydrogel market can be attributed to an increase in the consumption of personal care & hygiene products in emerging economies and a rise in the production facilities of hydrogels. In addition, the rise in disposable income of consumers and increase in the applicability of hydrogels in the healthcare industry are other factors influencing the growth of the hydrogel market.

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The hydrogel market has been segmented on the basis of raw material type, form, composition, application, and region. Based on composition, the polyacrylate segment is projected to grow at the highest CAGR during the forecast period. The growth of the polyacrylate segment can be attributed to its superior properties, such as high water retention ability and flexibility.

Scope of the Report:

The hydrogel market has been segmented into the following submarkets:

By Raw Material Type:

• Natural
• Synthetic
• Hybrid

By Composition:

• Polyacrylate
• Polyacrylamide
• Silicon
• Others (Agar and PVP)

By Form:

• Amorphous
• Crystalline
• Semi-crystalline

By Application:

• Wound Care
• Contact Lens
• Drug Delivery
• Agriculture
• Personal Care & Hygiene
• Others (Tissue Engineering, Dental, and Research & Forensic)

By Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Asia Pacific accounted for the largest share of the hydrogel market in 2016. This market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. The growth of hydrogel market in emerging countries such as China, India, Brazil, and South Africa can be attributed to the increase in consumption of hygiene products and rise in the production of commercial hydrogel contact lenses.

The hydrogel market is led by major players in the healthcare and chemicals industries. Johnson & Johnson (US), Cardinal Health (US), The 3M Company (US), Coloplast (Denmark), B. Braun Melsungen (Germany), Smith & Nephew (UK), Derma Sciences (US), Royal DSM (Netherlands), Dow Corning Corporation (US) operating in the hydrogel market. These players have adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, and new product launches are some of the key strategies adopted by leading players to strengthen their position in the hydrogel market.