The Global Hydrogel Market Is Expected To Reach USD 15.33 Billion by the Year 2024

(IT-NEWSWIRE.COM, January 07, 2018 ) The global hydrogel market is anticipated to achieve USD 15.33 Billion by 2024 from USD 11.43 Billion in 2017, at a CAGR of 6.14%.

Hydrogel is network of polymer chains that are hydrophilic, these are sometimes found as colloidal gel in which water is in dispersion medium. This Hydrogel drug delivery system can be used to reduce the quality of being poisonous. This product can continue to hold a large amount of water in polymer network.

Global Hydrogel market is predicted to have huge market share in forecast period

Global hydrogel market is sectioned into amorphous, semi-crystalline, and crystalline among these amorphous have better resistance. The hydrogel market is estimated to grow rapidly during forecast period with increased approval of disposable sanitary products. Silicone modified hydrogels (SiH) section would hold highest shares as they are the leading manufactures of soft contact lens which can be disposed daily. Wound care segment in hydrogel applications is expected to increase rapidly, accounting the benefits such as convenience of use, and water retention efficiency.

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Contact Lens is accounted to have the highest share in hydrogel market

Silicone hydrogel contact lenses are advanced soft lenses that allow more oxygen to pass through the lens. Silicone hydrogel lenses are five times more than regular hydrogel lens, which improves the permeability in lenses that helps cornea to reach oxygen. Silicone hydrogel are made of plastic but they absorb water and become soft and gel when hydrated. Silicone hydrogel has chance of dislodging the lens.

Global hydrogel market is abundant in United States

In terms on consumption, North America has the highest market size. United States has the highest market in both regionally and worldwide. Health care industry is the main cause of market growth in United States. Ambu private Ltd is one of the leading manufactures of hydrogel. Agriculture sector is the most promising sector in forecast. Asia-Pacific is predicted to have highest CAGR due to increasing market of disposable soft contact lenses, and wound care products. The top players in global Hydrogel market are 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), Paul Hartmann (Germany), Momentive Performance Materials (US), Ocular Therapeutix (US), ConvaTec (UK), Ashland (US), Evonik Industries (Germany), Cosmo Bio USA (US).

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The Global Hydrogel Market Is Expected To Reach USD 15.33 Billion by the Year 2024