According to a new research report by Global Market Insights Inc., the Rapid Self-healing Gel Market is poised to surpass USD 310 million by 2025. Consistent progression in wound healing is a primary factor likely to make significant positive impact on the market by 2025
Rapid self-healing gel is widely applicable in wound dressing or healing owing to its excellent properties including high sensitivity to physiological environment, adequate flexibility, and hydrophilic nature which makes it highly preferable across biomedical applications. They are widely applicable for coating the medical devices in the healthcare industry.
Growing R&D investment in the medical industry by key players in the U.S. is likely to trigger medical devices demand. For instance, U.S. is the largest medical devices market which is valued around USD 156 billion and is anticipated to witness healthy gains in the coming years. The above-mentioned trends are expected to propel product demand, which will have a notable impact on the overall rapid self-healing gel market share by 2025.
Unstable raw material prices of rapid self-healing gel are expected to hamper the overall business size in the forecast timeframe. Nevertheless, steady progression in the biomedical industry is fueling demand for materials with excellent properties which makes it desirable for applications such as tissue engineering, drug delivery, 3D printing, surface coating, etc. The above-mentioned factors will help generate enough prospects for rapid self-healing gel market by 2025.
Browse key industry insights spread across 105 pages with 152 market data tables & 25 figures & charts from the report, “Rapid Self-healing Gel Market Size By Crosslinking (Physical, Chemical), By Applications (Wound Healing, Drug Delivery, Tissue Engineering, Surface Coating, 3D Printing, Soft Robots), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Chemically crosslinked rapid self-healing gel market size was valued close to USD 60 million in 2018 and likely to grow at CAGR of approximately 6.5% by 2025. These gels are reversible and have three dimensional framework in which polymer chains are linked via electrostatic forces, hydrogen bonds and hydrophobic interactions.
They are unstable and upon heating can be converted into a polymer mixture. Few examples of chemically crosslinked rapid self-healing gel are poly (2-hydroxyethyl methacrylate) (pHEMA), poly (ethylene glycol) (PEG), and poly (vinyl alcohol) (PVA), albumin and gelatin–based hydrogels.
In terms of volume, surface coating segment is likely to witness gains close to 6.5% over the forecast period. These gel based coating can be embedded into compounds to sense, for example, inflammatory molecules. Drugs can also be incorporated into and slowly released from the hydrogel coating, to treat inflammation in the body. They are also used for coating the medical devices. Rapid advancement in the medical devices market in the biomedical field will help drive the product demand, which will subsequently trigger the rapid self-healing gel market by 2025.
North America constituted nearly 40% of the overall industry share in 2018 and is projected to rise by a CAGR close to 7.0% between 2019 and 2025. Key players in North America such as Cardinal Health, Cytogel Phama, etc. are principally investing in R&D activities, signing patent license agreements, and launching new products based on polymers and resins catering to wide ranging applications. Moreover, advanced medical & pharmaceutical industry along with increasing medical expenditure in this region are some of the major factors stimulating the growth of rapid self-healing gel market in North America in the recent years.
Asia Pacific constituted approximately 15% of the total industry size in 2018 and is likely to rise at CAGR close to 7.5% in the forecast period. High investment in R&D and demand surge for specialty medical products in the pharmaceutical & healthcare industry will have a notable impact on the product demand and thus trigger the rapid self-healing gel market growth in the region in the foreseeable future. Furthermore, rapidly growing population and unavailability of efficient pharmaceutical facilities in the region will drive the market growth by 2025.
The major players in the rapid self-healing gel industry are Cardinal Health, Scapa Healthcare, Katecho, Alliqua Biomedical, Axelgaard, Advanced Medical Solutions, Contura and Hydromer. Most of the companies in the market are actively investing to expand their business to improve their profit margins. For instance, Hydromer Inc. announced about its team expansion in February 2019, to address the growing demand for biomaterial coatings market for medical devices.