GLOBAL MEDICAL GRADE HYDROGEL MARKET ANALYSIS
Overview
A three-dimensional, hydrophilic, and cross-linked polymer chain is known as a hydrogel. Hydrogel possesses the characteristic of fluid absorption. A hydrogel corresponds to human body tissue capable of immersing a considerable portion of water. The property of liquid absorption makes hydrogels appropriate for medical applications. As humans consume water in large quantities, hydrogels are positively biocompatible and can be utilized as a bearer for multiple functional components. Owing to their biodegradable properties, hydrogels are benign when analogized to different polymers. Different hydrogels, like polypeptides and polysaccharides, materialize naturally. Other synthetic hydrogels contain Jeffamine M-1000 acrylamide and N-isopropyl acrylamide. Synthetic hydrogels have a longer life, a more extensive ability to absorb water, and exceptional mechanical stability. Hydrogels are formed from materials that exhibit mixed reactions to pH, light, temperature, and chemicals. Depending on the pH, different hydrogels can exhibit a variety of chemical and physical effects. Drugs focused on gastric systems, like the stomach, colon, and intestine, targeted drug delivery systems are under development. These drugs have targeted the research of stomach and colon cancer. Based on the pH properties, GI tract cells were imitated by operating cell modeling. Light-sensitive hydrogels are utilized for biomedical detectors, drug delivery, and gene delivery.
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Market Dynamics:
High-grade hydrogels are used for medical purposes. As unknown carriers, these hydrogels gained a lot of attention. These carriers can be utilized in different products developed for various manifestations. These medical-grade hydrogels have been used in plastic surgery, orthopedics, immunotherapy, bandage dressing, and cosmetics. Growing research on medical grade hydrogels has been anticipated to drive the development of the global medical grade hydrogel market. The reconstructive and plastic surgery sectors heavily use hydrogels as raw materials. As a result, the growing number of plastic surgeries was expected to propel the global medical grade hydrogel market’s growth. The hydrogel applications are under development. They had managed the drug delivery systems to enhance the possibility of hydrogels as unknown excipients and carriers. Moreover, the elevated majority of chronic conditions like cancer has been pushing the development of the market. Based on the data presented by the International Journal of Pharma Sciences and Research (IJPSR), in 2015, approximately 9 million casualties occurred due to cancer, and almost 11.4 million individuals are evaluated to die due to cancer by 2030. The high number of casualties is pushing the market for the growth of unknown molecules with influential targeting of medications towards the diseased organ. They can be accomplished by using hydrogel due to its extracellular properties, which would also reduce the side effects of anti-cancer medications. For skin cancer, hydrogel is used as an adequate carrier. Hydrogels like hyaluronic acid are utilized as tissue fillers for plastic reconstruction surgery and for implantation surgeries. These surgeries were conducted for breast cancer therapy to extract impacted tissue masses. The growth of immunotherapy to treat different illnesses like Crohnโs disease was anticipated to fuel the development of the global medical grade hydrogel market. A nanovector comprised of the peptide-based nanofibrous hydrogel can concentrate DNA to result in healthy immune reactions to contagious diseases like HIV. One of the causes of worldwide casualties has been HIV. Based on the UNAIDS factsheet, approximately 36.7 million people are suffering from HIV globally. Hydrogels are widely utilized in electrophoresis and proteomics as a substitute for different types of polymers. Smart hydrogels and tissue engineering are prospective research zones for hydrogels. This would assist in medical applications and guide development for the medical-grade hydrogel demand.
Regional Insights:
The North American market has been a major player in the global medical grade hydrogel market during the prediction period. This has occurred due to the increasing number of reconstructive and plastic surgeries that occur every year. In these surgeries, the material containing hydrogel was used considerably. Based on the report posted in 2017, by the American Society of Plastic Surgeons, approximately 290,467 breast enlargement surgeries were conducted in 2016. In 2017, these grew to 300,378 surgeries. The increased prevalence of chronic conditions like cancer and cardiovascular disease and the comprehensive study and development by pharmaceutical and biotech firms for the expansion of creative by-products are propelling the market growth. Based on the assessment done by Pharmaceutical Research and Manufacturers of America (PhRMA), in 2017, the pharmaceutical industry-funded around US$ 0.8 billion to US$ 1.7 billion per division in research and development. The European market has been predicted to detect noteworthy development in the global medical grade hydrogel market.
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Competitive Landscape:
Major corporations working in the global medical grade hydrogel market include 3M, ConvaTec, United Axelgaard, Ocular Therapeutix, Smith & Nephew plc, Coloplast, Integra Lifescience Holdings Corporation, Paul Hartmann, and Medtronic plc.
Corporations are pitching unexplored by-products to acquire a bigger market share and demonstrate authority over other contenders. In 2017, Integra LifeSciences established a hydrogel-based product termed Revize/Revize-X Collagen Matrix to be utilized in reconstructive plastic surgery.
Market Taxonomy:
Based on origin:
Natural Hydrogels
Synthetic Hydrogels
Based on crosslinking method:
Chemically cross-linked hydrogels
Physically cross-linked hydrogels
Based on sensitivity:
Chemical sensitive hydrogels
Lights sensitive hydrogels
pH-sensitive hydrogels
Temperature-sensitive hydrogels
Others
Based on applications:
Dental applications
Drug delivery systems
Implants
Injectable
Ophthalmic
Topical applications
Others
Based on geography:
Africa
Asia Pacific
Europe
Latin America
Middle East
North America
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