Rapid Self-healing Gel Market Size

Rapid Self-healing Gel Market Size

Rapid Self-healing Gel Market size was over $190 million in 2018 and will witness a CAGR more than 7% between 2019 and 2025. Strong growth in the tissue engineering field which involves biomaterial science, cell biology, cell material interactions and surface characterization is likely to play a key role in the market growth in the coming years.

For instance, tissue engineering & regenerative medicine business in 2013 was valued close to USD 17 billion, which rose to $47.2 billion by the end of 2018, mainly due to consistent innovation and development carried out in the biomedical field and rising need to improve patient experience. Rapid self-healing gels, also known as hydrogel, are 3D water swollen structures which are primarily composed of copolymers.
 

Insolubility of these structures is mainly due to its physical or chemical crosslink which also provides its shapes. In tissue engineering, the product is applicable as polymer scaffolds, implanting or injecting to deliver cell or gene into the body.
 

Growing prevalence of diabetes and burn incidences are triggering the demand for wound dressing products in the U.S. According to Centers for Disease Control and Prevention (CDC), as of 2015, 30.3 million Americans had diabetes and more than 84 million had prediabetes, a condition that if not treated, often leads to type 2 diabetes. Diabetes further hampers the normal physiological functions in the body, which leads to delayed wound healing and development of diabetic foot ulcers. The trends are likely to have a subsequent positive impact on the rapid self-healing gel market share in the forecast timeframe.
 

Volatile raw material prices are expected to hamper the market growth in the coming years. The base monomer of hydrogel or rapid self-healing gel are the petroleum derivatives and any fluctuation in polypropylene prices will have consequent impact on the prices of polymers which are used in the preparation of rapid-self healing gel. However, consistent advancement in the biomedical field has led to strong rise in demand for biomaterials with excellent healing properties, which will generate ample opportunities for the rapid self-healing gel market trends in forecast time period.