Rapid Self-Healing Gel Market

Rapid Self-Healing Gel Market Size (2023 to 2028)

The global rapid self-healing gel market is expected to grow at a CAGR of 8.2% from 2023 to 2028 and the market size is predicted to be worth USD 0.49 billion by 2028 from USD 0.36 billion in 2023.

Impact of COVID-19 on the rapid self-healing gel market:

The rapid self-healing gel market declined in 2021 due to the COVID-19 pandemic crisis, especially in North American and European regions. Many companies shut down their operations and manufacturing activities due to the spread of the virus in 2021 and this has reduced the consumption of rapid self-healing gels during the COVID-19 pandemic and further resulted negatively on the global rapid self-healing gel market. According to the U.S. Bureau of Labor Statistics report in May 2021, around 360,550 people are associated with chemical manufacturing in the U.S. Due to the nationwide lockdown, there was a shortage of labour and industries were not permitted to function at full capacity and led to a decrease in the production of chemicals required in several industries domain, and many of these chemicals are required as raw materials for the production of self-healing gels. Likewise, the COVID-19 pandemic has shown an unfavorable impact on the global rapid self-healing gel market.

MARKET DRIVERS:

The growing demand for advanced wound care primarily drives the growth of the rapid self-healing gel market. The growing prevalence of chronic wounds and the increasing aging population propel the demand for advanced wound care products, including rapid self-healing gels. These gels are being rapidly used in the medical industry for wound healing, drug delivery and tissue engineering applications. The growing patient population suffering from trauma and chronic wounds fuels the demand for rapid self-healing gels and contributes to the global market growth. Chronic wounds affect 7% of the total population across the globe, out of which the geriatric population is mostly hampered. 

The growing number of R&D activities to improve the effectiveness of rapid self-healing gel promotes global market growth. According to the U.S. National Library of Medicine, 560 clinical trials involving hydrogels have been identified, with 77 currently under trial. Researchers at the National University of Singapore made a breakthrough in the self-healing gel domain by developing a water-resistant hydrogel that heals itself in case of mechanical stress. 

The growing demand for regenerative medicine promotes the global rapid self-healing gel market growth. This gel holds promises such as wound healing, tissue engineering, drug delivery, and organ generation. Their ability to provide mechanical support helped to facilitate the controlled release of bioactive molecules, making them valuable in the R&D of regenerative medicine. The demand for regenerative medicine is rapidly rising due to several factors, such as the rising prevalence of chronic diseases and the growing aging population, as rapidly self-healing gels have unique properties that make them suitable for various applications. These gels possess the ability to autonomously repair themselves when damaged or fractured.

MARKET RESTRAINTS:

The unstable cost of raw materials is a major factor hampering the rapid self-healing gel market growth. The primary raw materials used for the synthesis of rapid self-healing gel are polyethylene-glycol polymer and poly 2-hydroxyethyl methacrylate hydrogels can be combined with rosette nanotubes. Any fluctuation in polypropylene prices will impact the prices of polymers used to prepare rapid self-healing gel. The side-effects associated with using self-healing gels impede the growth of the global market. According to a report published by Wiley Online Library in November 2020, Gelesis US-based biopharmaceutical company manufactured self-healing hydrogel base capsules that cause side-effect such as indigestion, vomiting, cramping, and constipation.

REPORT COVERAGE:

This research report on the rapidly self-healing gel market has been segmented into distribution, application, and region.

Rapidly Self-healing Gel Market – By Application:

• Wound healing
• Drug Delivery
• Tissue Engineering
• Others

Based on application, the wound healing segment led the market in 2022 and is expected to dominate the rapid self-healing gel market during the forecast period. The gels are widely applicable in wound healing owing to their excellent properties, which include high sensitivity to the physiological environment and soft-tissue-like water content, which make them excellent entrants for biomedical applications. Due to their higher moisture content and drug-releasing properties, rapid self-healing gels are more effective at healing wounds than other polymers. These elements will greatly aid the wound healing market segment in maintaining its dominant market position. The global market for rapid self-healing gel has also experienced substantial growth as a result of factors including the rising prevalence of chronic wounds due to the aging population, the expansion of biomedical applications, and the expansion of R&D projects.

The tissue engineering segment is another promising segment and is anticipated to grow at a notable CAGR during the forecast period. The growing need for tissue engineering solutions due to the growing patient population of chronic diseases, organ dysfunction and the constraints of traditional therapy methods propel the growth of the tissue engineering segment in the global market. Rapidly self-healing gels have special qualities that make them appropriate for use in tissue engineering. These gels can offer a three-dimensional framework that is encouraging for cell growth and differentiation, aiding in the growth of the tissue regeneration segment in the global market.

Rapidly Self-healing Gel Market – By Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Based on the distribution channel, the online pharmacies segment is expected to hold a promising CAGR of the global market during the forecast period. The COVID-19 pandemic situation strengthened the digital commerce platform that sustained the rapid growth of online pharmacies, which is one of the major factors propelling the growth of the online pharmacies segment in the global market.

The hospital pharmacies segment accounted for a substantial share of the global market in 2022 and is expected to hold a good occupancy in the worldwide market during the forecast period.

Rapidly Self-healing Gel Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

The North American region held the major share of the global market in 2022 and the domination is likely to continue in the worldwide market throughout the forecast period. The growing incidence of chronic wounds across the North American region fuels the demand for rapid self-healing gels and contributes to the North American market growth. Approximately 3.1 million people in the U.S. suffer from pressure ulcers yearly, which is further fuelling the growth of the North American market.

The Asia-Pacific is expected to register the fastest CAGR during the forecast period. The growing number of research and development activities and increasing demand for medical products in the pharmaceutical and healthcare industries drive the growth of the rapid self-healing gel market in the Asia-Pacific region.

The European region is predicted to witness a notable CAGR in the global market during the forecast period. Europe possesses a strong system of regulation in place to guarantee compliance, quality and safety of its products. Regulatory organizations that establish regulations and rules for the development and marketing of novel materials and medical goods include the European Medicines Agency (EMA) and the European Chemicals Agency (ECHA). Rapidly self-healing gels are encouraged to be used and commercialized by this kind of legislative environment, particularly in healthcare and scientific fields.

The Latin American region is expected to grow at a healthy CAGR during the forecast period. The growing demand for advanced materials, rising focus on regenerative medicine, increasing healthcare expenditure and increasing number of initiatives from the governments of Latin American countries drive the growth of the Latin American market.

The rapid self-healing gel market in the Middle East and Africa is expected to showcase a moderate CAGR in the coming years owing to the growing patient population of chronic diseases and increasing need for advanced treatment for medication and rising healthcare expenditure.

KEY MARKET PLAYERS:

Advanced Medical Solutions Group Plc, Axelgaard Manufacturing Co. Ltd., Cardinal Health Inc. (NYSE: CAH), Hydromer Inc., Scapa Group Plc, Cardinal Health, Katecho Inc. Scapa Healthcare, R&D Medical Products, Inc., Advanced Medical Solutions Group PLC, Axelgaard, Hydromer Inc., Alliqua Biomedical, Contura International, and Cytogel Pharma are some of the noteworthy companies in the global market.