The global rapid self-healing gel market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). Rapid self-healing gel is a specialized type of polymer hydrogel that is a cross-network of polymers linked to each other either using physical interactions or chemical interactions such as hydrogen bonding, ionic interactions and others between the unit polymers. These gels have extremely high hydrating ability due to which they exhibit elasticity, sensitivity, and permeability. Due to these chemical properties of rapid self-healing gel, their high demand is driving the market growth.
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Another factor that drives the demand for rapid self-healing gel includes the rising cases of trauma and chronic wound. For instance, as per the article published in Ecronicon in May 2020, chronic wounds affect 6.0% of the total population across the globe, out of which the geriatric population is mostly affected. Further, the growing use of these self-healing gels in a variety of biomedical applications such as tissue engineering, wound healing, drug delivery, cosmetology, among others, is primarily driving its market growth. These gels can maintain their three-dimensional structure despite any environmental changes such as mechanical and physical damage. Such properties of rapid self-healing gel enable the hydrogel to mimic flesh/skin which, further provides scope to use self-healing gels in such applications.
Some key players operating in the market include Advanced Medical Solutions Group Plc, Axelgaard Manufacturing Co. Ltd., Cardinal Health Inc., and Hydromer Inc., among others. These players are eyeing to strengthen their position in the market by adopting various strategies as mergers and acquisitions, partnerships, collaborations, new product launch and development in the existing product portfolio, and so on. Moreover, an increasing number of clinical trials for improving the effectiveness of rapid self-healing gel is expected to aid in the growth of the market over the forecast period. For instance, according to the US National Library of medicine data as of June 8, 2021, a total of 553 clinical trials associated with hydrogels are listed, out of which 73 are currently being carried out.
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Market Coverage
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Advanced Medical Solutions Group Plc, Axelgaard Manufacturing Co. Ltd., Cardinal Health Inc., and Hydromer Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Rapid Self Healing Gel Market by Segment
By Crosslinking Type
- Chemical
- Physical
By Application
- Wound Healing
- Drug Delivery
- Tissue Engineering
- 3D Printing
- Others
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