Hydrogel-Based Drug Delivery System Market Analysis With The Market Scenario, Distinguishing Regions, And Global Key Players like Johnson & Johnson, Bausch & Lomb, Ocular Therapeutix, Inc

With the development of new drugs and technologies, leading pharma companies are increasing their R&D investments and funding for new drug delivery systems and diagnostics. With the growing demand for controlled drug release systems, the market for hydrogel-based drug delivery systems is expected to grow. The mechanical properties of hydrogels vary widely, and these properties can be tuned to achieve the desired effect. For example, the stiffness of a hydrogel can be matched to the soft tissues of the human body, resulting in targeted drug delivery to specific target sites. This, in turn, increases the chances of the payload being successfully delivered. The hydrogels also exhibit high bioadhesion properties. Therefore, they may play a major role in drug delivery systems.

The global hydrogel-based drug delivery system market is estimated to be valued at US$ 4,785.4 million in 2022 and is expected to exhibit a CAGR of 6.9% during the forecast period (2022-2030).

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Researchers across the world are creating new drug delivery models for efficient drug delivery which is driving the growth of the hydrogel-based drug delivery system market over the forecast period. For instance, in 2021, researchers from Marine College, Shandong University, China, and Universidad de Talca, Chile demonstrated that the use of hydrogel-based controlled release system increased the therapeutic efficacy in various components of the metabolic syndrome. The study concluded that these hydrogel systems had various advantages such as sustained pharmacological release which ensured a safe route of administration of drug and avoided the need for repeated doses.

The increasing approval of new hydrogel-based products is expected to drive the market growth over the forecast period.

New products based on hydrogel drug delivery systems are receiving marketing authorization which can be further contributing to the market growth. For instance, in April 2019, the U.S. Food and Drug Administration approved Plenity manufactured by Gelesis a biotechnology company for the treatment of obesity. Plenity is a non-systemic, oral formulation made up of superabsorbent hydrogel which is used for weight management in adults. The capsule works by inducing a feeling of fullness so that individuals eat less and eventually aid in losing weight. Hence, such approvals for drugs based on hydrogel technology are expected to drive the market growth over the forecast period.

Global Hydrogel-Based Drug Delivery System Market– Impact of Coronavirus (COVID-19) Pandemic

The World Health Organization declared COVID-19 a pandemic on March 11, 2020. According to the Coronavirus Disease (COVID-19), Weekly Epidemiological Update by the World Health Organization, over 409 million cases and 5.8 million deaths due to coronavirus disease (COVID-19) were reported up till 13^th, February 2022 across the globe.

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The Covid-19 pandemic has made the need for understanding biocompatible polymers as support material for controlled drug delivery especially for organohydrogels. Several studies are conducted for characterization of novel organohydrogel as a natural drug carrier or release material. For instance, in January 2021, researchers synthesized various new polymeric materials such as hydrogels, organohydrogels, and gels for investigating their use as drug release systems. The study concluded that organohydrogels can be used as drug carrier and controlled drug release materials. Hence, the high R&D activities in the pandemic for understanding the potential use of hydrogels in drug delivery is positively impacting the market growth over the forecast period.

Global Hydrogel-Based Drug Delivery System Market: Restraint

The limitations associated with hydrogel-based drug delivery system is projected to hamper the market growth. For instance, the common limitations of hydrogels as drug delivery systems are non-biodegradable properties of some hydrogels, slow responsiveness, possibility of drug inactivation, and rapid release of drug owing to hydrogel swelling and bursting. Hence, overcoming these challenges by different approaches is required for ensuring it as efficient drug delivery method.

Key Players                                                               

Major players operating in the global hydrogel-based drug delivery system market include Johnson & Johnson, Bausch & Lomb, Ocular Therapeutix, Inc, Tolmar Pharmaceuticals, Inc., Ashland, Pfizer, Inc., Teva Pharmaceutical Industries Ltd., Micropore Technologies, Neurelis, Inc., and ProLynx Inc.

 

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