The hydrogel market is expected to grow at a CAGR of around 7.15%

Various fields including biotechnology, biomedicine, pharmacy, etc. have seen costly application of hydrogels. Hydrogels are three-dimensional networks of hydrophilic polymers that swell in water and, due to cross-linking of polymer chains, can absorb a significant amount of water while maintaining their structure. The hydrogel market has seen significant growth in recent years as smart or intelligent hydrogels are now the subject of extensive scientific research. The structure and compatibility of hydrogels under different conditions, as well as their flexibility and high water content, have made the application of hydrogels effective in industrial to biological conditions. The non-toxic nature of hydrogels makes them compatible for applications in the medical sciences.

Segment Analysis:

the hydrogel market is segmented by type, form, composition and application.

By type, the hydrogel market is classified into natural, synthetic and hybrid hydrogels. Synthetic hydrogel is known to hold the largest market share due to the expansive application of the product in agriculture, biotechnology, drug delivery, etc. With the expansion of tissue engineering and nanotechnology industries, the hybrid hydrogels market is also expected to register a larger revenue share than forecast period.

The hydrogels market in terms of composition is segmented into polyacrylamide, polyacrylate and silicone hydrogels. Polyacrylamide and polyacrylate hydrogel markets are expected to hold a large portion of sales as they find larger applications in tissue engineering and biomedicine.

The hydrogel market is further segmented by shape into amorphous, crystalline and semi-crystalline hydrogels.

Based on application, the hydrogel market is segmented into healthcare and hygiene, agriculture, contact lenses, tissue engineering, drug delivery systems, and others. The health and hygiene segment holds the leading market share.

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