Rapid Self-healing Gel Market Research Report—Global Forecast till 2030

Rapid self-healing gel market research report by crosslinking type (physical, chemical), by application (wound healing, drug delivery, tissue engineering, 3D printing, and others), and by region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/9575-HCR | February 2023 | Region: Global | 110 Pages         

Rapid self-healing gel market

Rapid self-healing gel market is expected to grow USD 414.7 Million at a CAGR 8.42% during the forecast period 2022-2030.

Segmentation
By crosslinking type physical chemical
By application wound healing drug delivery tissue engineering 3D printing and others
By region North America Europe Asia-Pacific Latin America Middle East & Africa
Key Players
Companies Profiled   Cardinal Health    Katecho    Scapa Healthcare    Alliqua Biomedical    Advanced Medical Solutions    Axelgaard    Contura    Hydromer
Drivers
Market Driving Forces   The rising cases of trauma and chronic wound    The increasing research and development activities
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Rapid Self-healing Gel Market Overview


The global Rapid Self-healing Gel market is projected to witness significant growth during the forecast period 2022–2030. In 2021, the global market was valued at USD 205.29 Million. This number is expected to reach USD 414.7 Million, with a CAGR of 8.42% by the end of 2030. The Increasing demand for tissue engineering primarily drives the global Rapid Self-healing Gel market.


Rapid self-healing gel is a type of polymer hydrogel that is a cross-network of polymers linked to each other via physical or chemical interactions such as hydrogen bonding, ionic interactions, and others between the unit polymers. Because of their extremely high hydrating ability, these gels have elasticity, sensitivity, and permeability. Furthermore, these gels can maintain their three-dimensional structure despite environmental changes such as mechanical and physical damage. Such rapid self-healing gel properties allow the hydrogel to mimic flesh/skin, allowing researchers to use self-healing gels in various biomedical applications such as tissue engineering, wound healing, drug delivery, cosmetology, and others.


COVID-19 Impact on the Rapid Self-healing Gel Market:


The Rapid Self-healing Gel market declined in 2021 due to the COVID-19 pandemic. This deadly virus has adversely affected the globe, especially the North American and European regions. To prevent the further spread of this virus, companies have shut down their operations and manufacturing facilities, and the government restricted production activities. This has reduced the consumption of Rapid Self-healing Gel across all industries. But currently, there are no restrictions, and the spread of the virus is also controlled. The impact of the coronavirus (COVID-19) pandemic had  limited the raw materials supply required for self-healing gel manufacturing during the pandemic.  As a result, the COVID-19 pandemic is expected to hinder the growth of the rapid self-healing gel market. Therefore, industries are developing and creating healthy competition for the Rapid Self-healing Gel market.


Market Dynamics


Drivers

  • The rising cases of trauma and chronic wound: Rising trauma and chronic wound cases are expected to drive growth in the global rapid self-healing gel market during the forecast period. According to an article published in Ecronicon, chronic wounds affect 6% of the global population, with the geriatric population being the most affected.Furthermore, an increase in the R&D for improving the effectiveness of rapid self-healing gel is expected to boost the market growth over the forecast period. According to the United States National Library of Medicine, 553 clinical trials involving hydrogels have been identified, with 73 currently underway.

  • The rising R&D activities: Rising R&D activities may aid in the development of new rapid self-healing gels, which are expected to drive the global rapid self-healing gel market during the forecast period.Researchers at the National University of Singapore made a breakthrough in the self-healing gel domain, according to a Nature Scientific Journal article, by developing a water-resistant hydrogel that heals itself in the face of mechanical stress.. This self-healing gel is made of fluorine-based polymer and resembles jellyfish skin. Traditional self-healing gels lacked water resistance, limiting their use in electrical applications.This fluorine-based self-healing gel overcomes the limitations of conventional self-healing gels, allowing it to create aquatic soft robots and water-resistant mobile screens.


Restraints

  • Unstable cost of raw materials: The primary raw materials used for the synthesis of rapid self-healing gel are Polyethylene glycol(PEG) polymers, and Poly (2-hydroxyethyl methacrylate) (PHEMA) hydrogels can be combined with rosette nanotubes (RNTs).The petroleum derivatives serve as the base monomer of hydrogel or rapid self-healing gel. Any fluctuation in polypropylene prices will impact the prices of polymers used to prepare rapid self-healing gel. The global rapid self-healing gel market's growth may be hampered by changing raw material costs for the polymerization of self-healing gel and the side effects associated with hydrogel treatment.


Opportunity

  • Increasing product launches and approvals: Market participants are expanding their global presence by acquiring other companies to improve distribution; this is expected to drive the growth of the rapid global self-healing gel market. For example, in 2019, Cardinal Health, a U.S. healthcare company, acquired Mirixa Corporation, a provider of American healthcare services. By standardizing delivery and billing for their products, Cardinal Health will be able to provide a better user experience to their customers.


Segmentation


By Crosslinking Type



  • Physical

  • Chemical


By Application



  • Wound Healing

  • Drug Delivery

  • Tissue Engineering

  • 3D Printing

  • Others


By Region



  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa


Regional Analysis


North America is expected to dominate the global rapid self-healing gel market over the forecast period because of the rising incidence of chronic wounds. For example, according to Ecronicon, approximately 2.5 million people in the United States suffer from pressure ulcers yearly. This is expected to drive rapid self-healing gel market growth in North America.


Asia-Pacific accounted for approximately 15% of the total industry size and is expected to register a CAGR close to 7.5% during the forecast period. High R&D investment and a surge in demand for specialty medical products in the pharmaceutical and healthcare industries will significantly impact product demand, triggering a rapid growth of the self-healing gel market in the region shortly.


Competitive Landscape


In the competitive landscape, the report analyses the degree of competition among the industry players, industry growth, and market scenario. The global rapid self-healing gel market is growing in terms of market value and overall volume. Over the past few years, the Rapid Self-healing Gel market has witnessed a healthy demand due to an increasing number of cases of trauma and chronic wound. Nevertheless, the degree of competition among the market players is still less due to limited market players across the globe. The global market for rapid self-healing gel is fragmented. The players in the market are adopting various strategies such as partnerships, joint ventures, and product launches, propelling rapid self-healing gel market growth.


Cardinal Health, Katecho, Scapa Healthcare, Alliqua Biomedical, Advanced Medical Solutions, Axelgaard, Contura, and Hydromer are the major shareholders in the global rapid self-healing gel market.


Report Overview:


The report segments the rapid self-healing gel market by crosslinking type, application, and region. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global rapid self-healing gel emerging and fast-growing segments, regions, and countries.


Objectives of the Study



  • To get a comprehensive overview of the global rapid self-healing gel market

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments

  • To gain insights into the key country/region in which the market is growing


Intended Audience



  • Pharmaceutical sector

  • Broadcast sector

  • Biomedical sector



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: 414.70 million
  CAGR   8.42% CAGR (2022-2030)
  Base Year    2021
  Forecast Period    2022-2030
  Historical Data    2019-2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Crosslinking Type, Application, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
  Key Vendors   Cardinal Health, Katecho, Scapa Healthcare, Alliqua Biomedical, Advanced Medical Solutions, Axelgaard, Contura, and Hydromer
  Key Market Opportunities   â€˘ Increasing product launches and approvals
  Key Market Drivers   â€˘ The rising cases of trauma and chronic wound • The increasing research and development activities


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Frequently Asked Questions (FAQ) :

The global rapid self-healing gel market would register a growth of 8.42%.

Tissue engineering will play a crucial role in the rapid self-healing gel market.

The unstable cost of raw materials might be a restraining factor in rapid self-healing gels.