Self-Healing Hydrogels Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: LS240607 | Research Suite: Report (PDF) & Market Data (Excel)
The self-healing hydrogels advanced intrinsic polymeric
materials that have unique ability to autonomously
repair damage to their structure without any external intervention. This
self-repair capability is because of the dynamic bonding interactions like
hydrogen bonding, ionic interactions and covalent bonds that can reform after
breaking happens. Hydrogels are synthesized from hydrophilic monomers by either
chain or step growth, along with a functional crosslinker to promote network
formation. These materials are designed to mimic the natural healing process
that are found in biological tissues in human beings, making them highly
valuable in a range of biomedical and other industrial applications.
MARKET
OVERVIEW
The market valuation of self-healing hydrogels market was valued at approximately USD 0.7 billion in 2023 and is projected to reach USD 2.5 billion in 2034 exhibiting a CAGR of 8.5% during the forecast period of 2024-2034. Self-healing hydrogels is a significant advancement in the material science that offers innovative solutions. The market is aligned with diverse sectors, which makes it a sustainable and growing market.
GROWTH
DRIVERS
The self healing hydrogels are used in biomedical applications like one dealing, drug delivery and tissue engineering. the ability to repair themselves without any external intervention makes them ideal for diverse and dynamic biological environments. According to NIH, these hydrogels accidentally enhances the tissue regeneration and reduces the healing time, which drives the adoption of the market. The demand towards minimally invasive medical procedures boosts the demand of the market.
These hydrogels can be injected into the body in a minimally invasive manner and then itself assembles and heals at the targeted site. According to American Society of Plastic Surgeons, minimally invasive cosmetic procedures have increased nearly 200%. There were 26.2 million surgical and minimally invasive cosmetic and reconstructive procedures performed in the United States in 2022. The significant investments the research and development by both public and private sectors propels the development of the advanced self-healing hydrogel technology which significantly contributes towards market growth.
The rising healthcare expenditure globally facilitates the adoption of advanced medical materials including self-healing hydrogens. According to Becker and WHO, the cost of global healthcare soared from 7.4% in 2022 to 10.7% in 2023, a record high. The 2024 insurer-reported cost trend is forecasted at 9.9% average worldwide, though some regions will see a steeper increase. There is a sharp increase in government spending on health at all country income levels underpinned the rise in health spending to a new high of USD 9 trillion, which is approximately 11% of global GDP.
The expansion in cosmetic and personal care industry where
products like skin patches and anti-aging treatments, where hydrogels can
provide sustained release of active ingredients and repair themselves. It has the ability to absorb significant volumes of
water, allowing for the effective removal of the dissolved pollutant, improving
product efficacy and consumer satisfaction. According to Statista, the skin
care market is projected to generate a revenue of USD 186.6 billion worldwide
in 2024. The per capita figures, in 2024, each person contributes USD 24.9 to
the total revenue in the skin care market.
MARKET
SEGMENTATION:
·
By Type- Chemical
Crosslinking & Physical Crosslinking
·
By Application-
Tissue Engineering and Regeneration, Polymer Scaffolds, Drug Delivery System,
Sealant and others
·
By Region- North America,
Europe, Asia Pacific, The Middle East and Africa, South America
Self-Healing
Hydrogels Market Segment By Type Review:
The chemical processing involves the formation of covalent bonds between the polymer chains, which results in a more stable and durable hydrogen network. These bonds are typically formed through chemical reactions that are initiated by various agents or conditions. These hydrogels exhibits excellent stability under various environmental conditions. The self-healing process in the chemically crosslinked hydrogels can be precisely controlled through an external stimuli like pH, temperature and specific chemicals, which provides a very precision in healing.
It is widely in biomedical applications like drug delivery systems,
wound dressings and tissue engineering because of their mechanical strength and
stability. They're used in the agricultural sectors in controlled released
systems for fertilizers and pesticides. The physical linking involves the
formation of non covalent bonds like hydrogen bonds ionic interactions and
hydrophobic interactions between the polymer chains. This type of cross linking
is typically reversible which allows the hydrogel to self-heal and reform its
structure after the damage. These hydrogels are more flexible and less brittle
as compared to the chemically cross-linked hydrogels. It is used in systems
that requires controlled release of drugs, where the hydrogen structure can
respond to environmental changes. It used in skin care products for their
moisture retaining properties and gentleness.
Self-Healing
Hydrogels Market Segment By Application Review:
The self-healing hydrogels are pivotal in tissue engineering and regeneration due to their ability to mimic the natural extracellular matrix, providing a conducive environment for cell growth and tissue repair. The self-healing properties allow them to repair damage and maintain structural integrity which is essential for long term applications in the body like bone and cartilage repair, skin regeneration, organ regeneration and more. The self-healing hydrogels are used as polymer scaffolds in various medical applications like cell culture, bioprinting, regenerative implants and mold. These scaffolds provide structural support to cells, enabling them to proliferate and form new tissues.
The self-healing property ensures the
scaffold can recover from the damage while maintaining its functionality over
time. These hydrogels are also used in the drug release system by offering
controlled substance and targeted release of therapeutic agents. Their ability
to selfheal ensures that the delivery system remains functional even after
minor damage, enhancing the reliability of the treatment. They are utilized for
cancel therapy, chronic disease management and localized treatment. These
hydrogens are used as biological sealants to close the wounds, surgical
incisions and other tissue disruptions. Their ability to their self-healing
ability allows them to reseal if damaged, providing a reliable and durable
solution for various medical applications like surgical sealants, wound closure
and hemostasis.
Self-Healing
Hydrogels Market Regional Analysis:
North America is the significantly driven by the presence of advanced healthcare facilities and a high adoption rate of innovative medical technologies drives the demand of the market. The presence of the robust biomedical and pharmaceutical industries in this region, which are also the major consumers of the self-healing hydrogels for advanced wound and drug delivery systems. Europe is a valuable market driven by the European Medicine Agencies which provides a supportive regulatory environment for innovative medical materials, which drives the adoption of the market.
Asia Pacific is the rapidly growing market due to the expanding healthcare infrastructures across countries like China, India and Japan because of the rapid urbanization, drive the adoption of advanced medical materials including self-healing hydrogels. The Middle East and Africa is a growing market driven by development in infrastructure including healthcare infrastructure and modernization. South America is a promising market due to improving healthcare infrastructure.
Key
Challenges:
The develop manufacturing of the self healing hydrogen
involves complex processes and expensive raw materials, which leads to very
high production costs. The signal investment may limit the widespread adoption
and commercialization of the market particularly in cost sensitive markets like
consumer goods and some medical applications. The market may face strong
competition from well stablished traditional materials that are cheaper and are
widely available, like conventional hydrogels, silicones and polymers are
already well integrated into the industrial and medical applications. The
established position of the traditional materials in various industries may
make it difficult for the market to gain the market share.
Competitive
Landscape:
In the highly competitive self-healing hydrogels market,
companies are investing heavily in research and development to innovate and
improve the product and services. They are also collaborating, forming strategi
partnerships, or acquiring other companies to gain access to new market
segments, enhance distribution networks, and increase market share. Recent
developments includes – CooperVision launched
plastic neutral silicone hydrogel 1-day contact lenses in the United States, in
March 2022. BASF launched a new hydrogel technology called Hydrasensyl Glu for
use in cosmetic formulations, in 2021. Axonis Modulation Technologies acquired
Contura in a cash and equity deal of USD 200 million, in February 2021. NEXGEL introduced an innovative hydrogel
dressing named Turfguard, in December 2022.
Evonik collaborated with Coopmed for distribution of the wound dressing
epicyte, in September 2022.
Global
Key Players:
·
3M
·
Johnson & Johnson Services Inc.
·
Cardinal Health
·
Coloplast
·
Boston Scientific Corporation
·
B. Braun Melsungen AG
·
Advanced BioMatrix (ABM)
·
DSM
·
PAUL HARTMANN AG
·
Ocular Therapeutix, Inc
· Other Players
Attributes |
Details |
Base Year |
2023 |
Trend Period |
2024 – 2034 |
Forecast Period |
2024 – 2034 |
Pages |
215 |
By Type |
Chemical Crosslinking & Physical
Crosslinking |
By Application |
Tissue Engineering and Regeneration,
Polymer Scaffolds, Drug Delivery System, Sealant and others |
By region |
North America, Europe,
Asia Pacific, the Middle East and Africa, and South America |
Company Profiles |
3M, Johnson &
Johnson Services Inc., Cardinal Health, Coloplast, Boston Scientific
Corporation, B. Braun Melsungen AG, Advanced BioMatrix (ABM), DSM, PAUL
HARTMANN AG, Ocular Therapeutix, Inc, Other Players |
Edition |
1st edition |
Publication |
June 2024 |