Please Wait.....
Report
Hydrogel Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 150 Pages I Mordor Intelligence
The hydrogel market is projected to register a CAGR of greater than 7% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. The pandemic resulted in a sharp fall in demand for various end-user industries and disruption in supply chains and production halts globally. However, the demand for hydrogel has increased for the diagnosis of SARS-CoV-2, thereby has stimulated the demand for the market.
Key Highlights
Over the short term, the increasing application of hydrogel in the healthcare industry is expected to drive the market's growth.
However, the high production cost is expected to hinder the growth of the market studied.
The Asia-Pacific region dominated the market with the highest share and is expected to dominate during the forecast period.
Hydrogel Market Trends
Personal Care and Hygiene Segment to Dominate the Market
Hydrogel, due to its soft and tissue-like physical properties, water absorption, good oxygen permeability, superior biocompatibility, micro-porous structure for additional transport channels, and several other properties, is considered the perfect material to be used in hygiene products.
The goal for hygiene products is to make thinner pads with higher absorbency under load, increased swelling pressure, and increased suction power. Hence, the use of hydrogel is the most suitable option, owing to its properties.?
According to the Statista market forecast, the market for feminine hygiene and baby diapers reached around USD 90 billion in 2021, witnessing a growth of around 6.3% compared to the previous year. Also, the market is estimated to reach USD 97.5 billion in 2022.
Organizations, such as the World Health Organization, World Bank Group, and UNICEF, are raising awareness about the importance of hygiene, especially menstrual hygiene management (MHM) for women and adolescent girls.?
In India, the World Bank Group initiated a flagship sanitation operation under the Swachh Bharath Mission. With this operation, the awareness is increasing among the community, including boys and men, to break the taboo around menstruation.?
For instance, the US personal care products market was valued at USD 80,212 million in 2021, and it is expected to reach USD 99.5 million by 2026, which is expected to stimulate the demand for the hydrogel market in the country.
Owing to all these factors, the personal care and hygiene products in the world may drive the demand for hydrogel during the forecast period.?
Asia-Pacific Region to Dominate the Market
The Asia-Pacific region dominated the global market share, owing to the growing personal care and hygiene, agriculture, pharmaceuticals, and healthcare sectors in different countries such as China, India, and Japan, of the region.
In Asia-Pacific, China provides the major market for hydrogel consumption. China is one of the major consumers of personal hygiene products in the world. According to the Ministry of Finance of the People's Republic of China, total public expenditure on health care and hygiene in China amounted to about CNY 1.92 trillion in 2021.
Also, China is the second-largest market for pharmaceuticals globally. The market for pharmaceuticals is emerging rapidly, and according to the National Bureau of Statistics of China, the sales of pharmaceuticals stood at CNY 531.53 billion in the first 10 months of 2021.
India is the third-largest pharmaceutical in terms of volume and the 13th most significant in terms of value as it has a large raw material base and the availability of a skilled workforce. According to the India Brand Equity Foundation, India's pharmaceutical export stood at USD 24.44 billion in FY21.
In India, the Ministry of Health and Family Welfare (MoHFW) received an allocation of INR 86,200.65 crore (Budget estimate - BE) for 2022-23, which is a mere 0.23% higher than the revised estimate of INR 86,000.65 crore in the Union Budget 2021-22. The current budget allocation is 6.82% higher than the actual spending of INR 80,693.92 crore for the financial year 2020-21.
Agriculture is the major source of livelihood for approximately 58% of the population in India. According to the India Brand Equity Foundation (IBEF), the gross value added by agriculture (along with fishing and forestry) was USD 276.37 billion in the financial year 2020.
Therefore, the aforementioned factors are expected to significantly impact the market in the coming years.
Hydrogel Market Competitor Analysis
The hydrogel market is fragmented, with a few players holding a considerable share in the market. The top five players accounted for about 30% share of the market. Some of the key players (not in any particular order) in the market include 3M, Johnson & Johnson Medical Limited, Cardinal Health, CooperVision, and Smith & Nephew.
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Application in the Healthcare Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 High Production Cost and Other Drawbacks
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Structure
5.1.1 Amorphous
5.1.2 Semi-crystalline
5.1.3 Crystalline
5.2 Material
5.2.1 Polyacrylate
5.2.2 Polyacrylamide
5.2.3 Silicone
5.2.4 Other Materials (Agar, Gelatin, PVP, and PEG)
5.3 End-user Industry
5.3.1 Personal Care and Hygiene
5.3.2 Pharmaceuticals and Healthcare
5.3.3 Food
5.3.4 Agriculture
5.3.5 Other End-user Industries (Forensics and Research)
5.4 Geography
5.4.1 Asia-Pacific
5.4.1.1 China
5.4.1.2 India
5.4.1.3 Japan
5.4.1.4 South korea
5.4.1.5 Rest of Asia-Pacific
5.4.2 North America
5.4.2.1 United States
5.4.2.2 Canada
5.4.2.3 Mexico
5.4.3 Europe
5.4.3.1 Germany
5.4.3.2 United Kingdom
5.4.3.3 Italy
5.4.3.4 France
5.4.3.5 Rest of Europe
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East
5.4.5.1 Saudi Arabia
5.4.5.2 South Africa
5.4.5.3 Rest of Middle-East
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Ambu AS
6.4.3 Ashland
6.4.4 Axelgaard Manufacturing Co. Ltd
6.4.5 Axonics Modulation Technologies Inc.
6.4.6 Bausch Health Companies Inc.
6.4.7 Cardinal Health
6.4.8 Coloplast Corp.
6.4.9 ConvaTec Inc.
6.4.10 CooperVision
6.4.11 DSM
6.4.12 Essity Medical Solutions
6.4.13 HOYA Corporation
6.4.14 Integra LifeSciences Corporation
6.4.15 Johnson & Johnson Medical Limited
6.4.16 Medtronic
6.4.17 Molnlycke Health Care AB
6.4.18 Novartis AG
6.4.19 PAUL HARTMANN Pty Ltd
6.4.20 Sekisui Kasei Co. Ltd
6.4.21 SEIKAGAKU CORPORATION
6.4.22 Smith & Nephew
6.4.23 The Cooper Companies Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Emergence of New Application Areas
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security