TMRReportsMagazine2017 Hydrogel Market - Global Industry Analysis 2025 | Page 2

Global Hydrogel Market
REPORT DESCRIPTION
Global Hydrogel Market - Global Industry Analysis Size Share
Growth Trends and Forecast 2017 – 2025
The global hydrogel market holds a highly concentrated player base in its competitive landscape, including a
handful of manufacturers, according to Transparency Market Research. The five leading entities in the global
hydrogel market accounted for a massive 47% of the overall market in 2016, observes TMR in its recently
published research report. The increasing demand for hydrogel across a number of applications has pushed
players to increase their manufacturing capacities. Companies are increasingly converging upon expanding their
worldwide manufacturing and distribution networks by investing in new facilities, conducting aggressing
mergers and acquisitions, and the growing production capacity of their current facilities.
Players in the global hydrogel market are focusing more on acquisitions and strategic partnerships to
consolidate their position, an example of which would be the acquisition of Jade Therapeutics Inc., a
manufacturer of polymer based products via the cross-linked, bio-erodible hydrogel technology, by Eyegate
Pharmaceuticals, Inc., a specialty pharmaceuticals company, in March 2017.
The global hydrogel market is expanding at a CAGR of 6.3% from 2017 to 2025, growing from US$10,084.9
mn in 2016 to US$17,487.6 mn by the end of 2024.
Obtain Report Details @ http://www.transparencymarketresearch.com/hydrogel-market.html
Hydrogel Usage in Personal Hygiene and Care Products Set to Saturate
Based on applications, the global hydrogel market earned a massive chunk in its overall revenue in 2016 from
personal care and hygiene products – close to 60% of the market’s revenue for the year. Unfortunately, the
demand for hydrogels in this application segment is expected to generate fewer new growth opportunities owing
to market saturation, especially in developed economies. The segment will still endure and contribute the
leading volume of revenue in the global hydrogel market over the forecast period. Regionally speaking, North
America led the global hydrogel market with an overall share of 37.2% in terms of value, in 2016. The region’s
demand for hydrogel in the region is primarily attributed to the increasing research activities in the medical and
pharmaceutical industries.
High Birth Rates, Reducing Mortality Rates to Drive Hydrogel Demand in Healthcare and
Pharmaceuticals
“The demand for hydrogels in the personal care and hygiene industry has already established itself as one of the
key factors responsible for creating significant opportunities for the players in the global hydrogels market.
Transparency Market Research
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