Hydrogel Dressing Market to Witness Robust Expansion throughout the Forecast 2020-2027

Hydrogel Dressing

The growth of the hydrogel dressing market is attributed to increase in geriatric population & increase in incidences of diabetes, ulcer, chronic conditions.

Surge in awareness related to hydrogel applications and advantage sare some of the factors that contribute to the growth of the market.”

— Mangesh Panhale

PORTLAND, OR, UNITED STATES, October 15, 2020 /EINPresswire.com/ — The research report published by Allied Market Report states that the global hydrogel dressing market is estimated to reach $695.05 million by 2027. The report provides an in-depth analysis of growth factors, opportunities, market trends, key segments, and competitive landscape. Current market conditions and the future scenario of various regions have been analyzed in the report to help market players in devising expansion strategies. Moreover, it includes country-wise analysis of each region. Product portfolio and business segments of leading market players outline the competitive scenario. The report provides insights to help investors, stakeholders, and new entrants to determine potential opportunities and tap on them to gain competitive advantage.

Drivers, restraints, and opportunities-

Rise in geriatric population and upsurge in incidences of diabetes, ulcer, obesity, and chronic conditions drive the growth of the global hydrogel dressing market. On the other hand, high cost of hydrogel dressing products hampers the growth of the market. Nevertheless, increase in awareness related to hydrogel applications and advantages expected to create lucrative opportunities in the near future.

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COVID-19 scenario

• Pharmaceutical companies have taken the center stage amid COVID-19. Major pharmaceutical companies are manufacturing essential drugs.
• However, the pharmaceutical industry is dealing with a major concern of disruptive supply chain.
• In addition, the impact on supply chain is leading towards the shortage of medicines.

Based on type, the amorphous hydrogel segment contributed to nearly two-thirds of the global hydrogel dressing market revenue in 2019, and is expected to retain its dominance by the end of 2027. In addition, the segment would register the fastest CAGR of 10.6% throughout the forecast period. This is due to amorphous hydrogel dressings help to maintain a moist wound healing environment, promote granulation and epithelialization, and facilitate autolytic debridement.

The amorphous hydrogel segment to maintain the lion's share by 2027-

Based on type, the amorphous hydrogel segment contributed to nearly two-thirds of the global hydrogel dressing market revenue in 2019, and is expected to retain its dominance by the end of 2027. In addition, the segment would register the fastest CAGR of 10.6% throughout the forecast period. This is due to amorphous hydrogel dressings help to maintain a moist wound healing environment, promote granulation and epithelialization, and facilitate autolytic debridement.

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The hospitals segment to dominate during the estimated period-

Based on end user, the hospitals segment accounted for nearly half of the global hydrogel dressing market share in 2019, and is anticipated to rule the roost during the study period. This is attributed to the rise in investment in hydrogel products and approval of hydrogel products in most of the countries such as U.S. and Europe. However, the physician's office segment is anticipated to manifest the fastest CAGR of 11.0% from 2020 to 2027. As these hydrogel products are used in acute and chronic wound which drives the growth of the segment.

North America to dominate in terms of revenue-

Based on region, North America held the largest share in 2019, garnering nearly two-fifths of the global hydrogel dressing market. This is owing to surge in prevalence of diabetes, ulcer and obesity. In addition, easy availability of hydrogel dressing products and surge in awareness related to use of hydrogel in treatment of acute and chronic wounds fuels the growth in this region. On the other hand, the Asia-Pacific region is projected to manifest the fastest CAGR of 12.1% by 2027. Growing demand for safety features, government mandates for safety features makes Asia-Pacific the fastest growing region. On the other hand, North America is anticipated to manifest the CAGR of 6.2% by 2027. Increase in awareness for hydrogel products, ease of product availability, and increase of diabetes, ulcer and obesity patients drives the growth in this region.

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The Major Key Players Are:

• 3M Company
• B Braun Melsungen AG
• Coloplast A/S
• Conva Tec Group Plc.
• Svenska Cellulosa AB
• Integra Lifesciences (Dermasciences)
• Smith & Nephew Plc.
• Johnson & Johnson
• Axelgaard Manufacturing Co. Ltd.

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About Us:

Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Source: EIN Presswire