April 25, 2022
According to the report titled ‘Rapid Self-healing Gel Market Size By Crosslinking (Physical, Chemical), By Applications (Wound Healing, Drug Delivery, Tissue Engineering, Surface Coating, 3D Printing, Soft Robots), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025, available with MarketStudyReport, global rapid self-healing gel market is estimated to surpass USD 310 million in valuation by the year 2025.
Booming awareness regarding wound dressing or healing, growing R&D activities for developing novel drugs, and increasing product demand for tissue engineering are some of the major factors driving the growth of the global rapid self-healing gel market.
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Growing population, mounting health concerns, and rising focus towards providing quick healing results are also favouring the overall market outlook. Increasing number of surgical procedures, rising cognizance regarding chronic conditions, and the adaptive nature of self-healing gels are also facilitating the business scenario.
As per crosslinking, the physical segment is projected to account for a valuation of USD 200 million by the year 2025, owing to easy availability of physical rapid self-healing gels which are mainly based on poly (vinyl alcohol) and has a remarkable safety record in biomedical applications.
Moving on to application reach, the wound healing segment will capture 45% market share by the end of the forecast timeline, owing to the high occurrences of road collisions and trauma injuries which would impel the demand for active wound care items.
Meanwhile, tissue engineering segment is projected to capture more than 10% market share, recording a CAGR of 8% during the forecast timeframe. Rapid self-healing gels are known to have exceptional biocompatibility and similarity with tissue components of the body, which makes it an ideal choice in tissue engineering applications.
Geographically, North America is expected to hold 40% share in global rapid self-healing gel marketplace by the end of the analysis period. This can be attributed to the escalating demand for infrastructural spaces, availability of advanced healthcare services, rising adoption of advanced technologies and increase in government expenditure.
Katecho Inc., Alliqua Biomedical Inc., Contura International A/S, Hydromer Inc., Scapa Healthcare, Cardinal Health Inc., Cytogel Pharma LLC, ABC Farma Internacional S.L., Axelgaard Manufacturing Co. Ltd., R&D Medical Products Inc., Advanced Medical Solutions Group plc, Biogelx Ltd., Contipro, Conforma N.V., and Ferentis are the leading players in the worldwide rapid self-healing gel market.