26-Nov-2020 | Zion Market Research
After conducting exhaustive analytical research over the global rapid self-healing gel market, the analysts have estimated the yearly revenue generated by the market in 2019 was around USD 200 million. Based on the projected CAGR of about 7.4%, the global market value is expected to reach around USD 305 million by 2025. The dominant contenders that are effectively operating the global rapid self-healing gel market are Cardinal Health, Scapa Healthcare, Axelgaard, Katecho Inc., Contura, Alliqua Biomedical, Hydromer Inc., and Advanced Medical Solutions Group PLC. However, some players implement various approaches such as mergers, collaborations, and acquisitions, to develop novel medical products and hold a significant position in the list of top players. For instance, in October 2018, Alliqua Biomedical proclaimed collaboration with Adynxx Inc. to work dedicatedly on developing novel pain-relieving products.
The innovation of rapid self-healing gel involves disciplinary research in various fields comprising cell biology, tissue engineering, cell-cell interactions, biomaterial science, and surface characterization. Therefore, remarkable growth in body cell-related is likely to propel the rapid self-healing gel market in the forthcoming years. For instance, the regenerative medicine and tissue engineering market was valued the around USD 19 billion in 2013, which surged rapidly to around USD 50 billion by 2018. The key reasons behind this remarkable jump in the market value are the increasing need for the improvement in healthcare services and frequent innovations & development in the biomedical field.
Rapid self-healing gels are a type of hydrogel, which is a 3D structure, composed of water and copolymers. The physical or chemical crosslink between the insoluble copolymers provides a particular shape to the gels. In tissue engineering, the polymer-packed gel is either implanted or injected to deliver a gene or a cell into a specific tissue within the body.
For a comprehensive analysis of the global rapid self-healing gel market, the report offers a segmented analysis of the global market on the basis of crosslinking, application, and geography. By crosslinking, the rapid self-healing hydrogel is categorized into chemical crosslinking and physical crosslinking. By application, the global rapid self-healing gel market is segregated into is drug delivery, wound healing, tissue engineering, soft robots, 3D printing, and others.
Rise In Diabetes- And Wound-Related Incidences Probably Leads To A Considerable Surge In The Market Size
The demand for wound dressing products has been increasing across the world owing to the rising burn cases and diabetes incidences. In both cases, the body needs additional treatment in the form of wound dressing for quick healing of the wounds. Therefore, the size of the rapid self-healing gel market is likely to expand in the projected time. On the contrary, unstable prices of volatile raw materials used in manufacturing rapid self-healing gel are likely to hamper the growth of the market in the forthcoming years.
Rising Product Demand And Huge Investments Are Likely To Impel The Market In Asia Pacific
So far, Asia Pacific has captured nearly a 15% share of the global rapid self-healing gel market. Based on the current growth trends, the regional market is likely to grow at around 8% CAGR during the projected period. The key reasons behind this anticipated boost in the regional market are huge investments in research & development sector and the establishment of the huge plants by most of the renowned industries in the region.
Browse the full “Rapid Self-healing Gel Market by Crosslinking (Physical Crosslinking and Chemical Crosslinking), Application (Wound Healing, 3D Printing, Drug Delivery, Soft Robots, Surface Coating, Wound Healing, and Tissue Engineering), Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/rapid-self-healing-gel-market
The ZMR-published market research report segments the global rapid self-healing gel market as follows:
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