Market Definition
Self-healing gels & their potential applications are a notable part of medical research & development. These gels can repair structures by detecting environmental changes and accordingly change their characteristics & operational methods. What makes them ideal for self-healing wounds is their mechanical, structural, & rheological properties.
Market Insights
The Global Rapid Self-Healing Gel Market is expected to grow at a CAGR of around 7.4% during the forecast period, i.e., 2023-28. Most of the market expansion would be propelled by the growing application of rapid self-healing gel materials, the rising popularity of tissue engineering & regenerative medicine, massive R&D investments in biomedical engineering, and the mounting demand for novel drug delivery systems.
Self-healing hydrogels can repair themselves and thus have a prolonged life span even after becoming exposed to external tensions. It is why self-healing hydrogels are accompanied by an injection that keeps the wound in its natural state and extends the dressing life while also providing comfort & pain relief. In addition, hydrogels can also be used for fabricating novel drug delivery systems to release drugs at controlled rates & with more precision.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 7.4% |
| Regions Covered | North America: US, Canada, Mexico |
| Europe: Germany, The UK, France, Spain, Italy, Rest of Europe | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific | |
| South America: Brazil, Argentina, Rest of South America | |
| Middle East & Africa: UAE, South Africa, Saudi Arabia, Rest of MEA | |
| Key Companies Profiled | Axelgaard, Hydromer Inc., Alliqua Biomedical, Contura International, Cytogel Pharma, Scapa Healthcare, R&D Medical Products, Inc., Advanced Medical Solutions Group PLC, Katecho Inc., Cardinal Health, Biogelex, Conforma, Ferentis, and ABC Farma Internacional |
| Unit Denominations | USD Million/Billion |
Furthermore, the increasing application of hydrogels in biomedical applications is another prominent aspect projected to drive the market through 2028. It owes to the compatibility of hydrogels for developing artificial natural structures like cartilage, ligaments, & tendons. Despite being soft, the material has extremely tough tissues, which is why its mechanical strength is high.
Moreover, self-healing hydrogels can convert into a liquid under shearing pressure and revert to their original state once the shearing forces are removed. As a result, it makes them ideal for in-situ injection of cells, medications, or proteins into the area that has to be healed. Hence, these aspects are set to create lucrative prospects for the market in the coming years.
Market Dynamics
Key Driver: Ever-Rising Incidence of Chronic & Trauma Wounds Worldwide
The prime aspect projected to drive the Global Rapid Self-Healing Gel Market during 2023-28 is the growing cases of trauma & chronic wounds worldwide, especially among the geriatric population. Moreover, the rising number of clinical trials to improve the effectiveness of rapid self-healing gels is another prominent aspect expected to stimulate market expansion over the forecast years.
Growth Restraint: Lack of Sustainability in Man-made Hydrogels in Water & Permanent Chemical Bonds
In the case of water & permanent chemical linkages that crosslink the molecules of hydrogels, it becomes challenging for manmade hydrogels to sustain their properties, i.e., a major growth restraint for the market. Besides, the longer time taken by hydrogels to heal the damages is another significant factor projected to hamper the market expansion in the coming years.
Recent Developments in the Global Rapid Self-Healing Gel Market
Market Segmentation
Based on Crosslinking:
Among both, chemical crosslinking held a larger share of the market in the previous few years. It involves the use of covalent bonding between polymer chains in order to develop self-healing hydrogel. Modifying chemical bonds is what results in the development of self-healing properties in hydrogels. Once external stress is applied & removed, self-restoring materials revert to their original shape & mechanical characteristics. The benefits of chemically crosslinked hydrogels, such as enhanced stability, durability, and higher tensile, shear, & bending strength than physically crosslinked hydrogels, are the main reasons that resulted in their larger market share in the past years.
Based on Application:
Here, the drug delivery application is expected to acquire a significant market share during 2023-28. It attributes to the mounting demand for novel drug delivery systems and massive R&D investments in self-healing gels. Researchers in the US have introduced a self-healing hydrogel that can be injected using a syringe, carry two drugs at once, and doesn’t involve surgical implantation, which allows for more convenient treatment of numerous conditions & enhanced adaptability in drug administration. Since self-healing hydrogels can be molded into precise shapes, provide treatment over longer durations, and target specific tissues with treatment due to their static nature, it projects a noteworthy share of the drug delivery application in the Global Rapid Self-Healing Gel Market during the forecast period.
Regional Projection
Geographically, the Global Rapid Self-Healing Gel Market expands across:
Of all regions globally, North America is projected to continue its dominance in the market during 2023-28. It owes to the extensive presence of renowned public & private academic institutions, which are substantially investing in developing innovative gels & treatments, coupled with the mounting prevalence of chronic wounds across the region.
Moreover, the leading players operating in the regional market are signing patent license agreements and launching new products based on polymers & resins in order to cater to a wide range of applications. In addition, remarkable advancements in healthcare & pharmaceutical industries and ever-increasing medical expenditure are other prominent aspects projected to drive the Rapid Self-Healing Gel Market in North America during the forecast years.
On the other hand, Asia-Pacific Rapid Self-Healing Gel Market is projected to record a steady growth rate in the coming years. It attributes to the mounting demand for novel drug delivery systems in different countries, coupled with increasing investments in & mounting demand for specialty products in the healthcare sector.
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Frequently Asked Questions
A. The Rapid Self-Healing Gel Market is projected to grow at a CAGR of around 7.4% during 2023-28.
A. The rising incidence of chronic wounds worldwide, the mounting proliferation of tissue engineering & regenerative medicine, and massive R&D investments in biomedical engineering are the prime factors projected to drive the Rapid Self-Healing Gel Market during 2023-28.
A. Axelgaard, Hydromer Inc., Alliqua Biomedical, Contura International, Cytogel Pharma, Scapa Healthcare, R&D Medical Products, Inc., Advanced Medical Solutions Group PLC, Katecho Inc., Cardinal Health, Biogelex, Conforma, Ferentis, and ABC Farma Internacional are the key companies participating in the Rapid Self-Healing Gel Market.
A. The increasing drug delivery application of hydrogels is projected to provide profitable opportunities for the leading players in the Rapid Self-Healing Gel Market during 2023-28.
A. North America would continue generating remunerative prospects for the Rapid Self-Healing Gel Market during 2023-28.
