Rapid Self-healing Gel Market is poised to surpass USD 310 million by 2025; according to a new research report by Global Market Insights, Inc. Consistent progression in wound healing is a primary factor likely to make significant positive impact on the rapid self-healing gel market size 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. are likely to trigger medical devices demand, which will further fuel growth for rapid self-healing gel market size by 2025. 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 help make notable impact to the overall rapid self-healing gel market size by 2025.
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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 sufficient prospects for rapid self-healing gel market size by 2025.
Chemically crosslinked rapid self-healing gel market size was valued close to USD 60 million in 2019 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 example 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.
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In terms of volume, surface coating segment of the rapid self-healing gel market 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 size by 2025.
North America rapid self-healing gel market size constituted nearly 40% of the overall industry share in 2019 and is projected to rise by 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 size in North America in the recent years.
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The major players in the rapid self-healing gel market 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.
About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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