Advancement in the wound care technology to provide potential opportunities for the medical grade hydrogel market

 

Medical grade hydrogel is a new advance in technology and applications across the healthcare sector. Medical Grade Hydrogel is widely used across different applications such as wound care, lenses, hygiene products, tissue engineering, drug delivery, and others. Moreover, it is also used for medication, tissue engineering, delivery systems, sanitation, packaging, nutrition, coal dewatering, food additives, and others.

Increasing demand for hydrogel from the pharmaceutical industry for extending the shelf-life of the drug is primarily fueling the growth of the medical grade hydrogel market. Moreover, the growing use of the product for wound dressing to provide moisture to the wound and helps to fix the dermis is again projected to foster the growth of the medical grade hydrogel market. Thus increasing incidence of chronic wounds around the globe is also projected to foster the market growth. According to the U.S. National Institutes of Health, chronic wounds currently affect 6.5 million people in the U.S. and the numbers will likely increase in the near future. Furthermore, the growing geriatric population is increasing the prevalence of chronic disease which is creating demand for healthcare needs. This in turn again stimulating the growth of the market.

North America is projected to gain significant growth over the forecast period and this is attributed to the high burden of chronic disease in the region. According to the National Health Council, chronic diseases affect around 133 million Americans, representing more than 40% of the total population of this country. By 2020, that number is projected to grow to an estimated 157 million, with 81 million having multiple conditions

Key Developments:

1.    1.  In January 2020, a research team from National Laboratory Astana at Nazarbayev University has developed a wound-healing hydrogel to improve the recovery of patients with skin burns and injuries.

2.     2. In July 2018, American biopharmaceutical company Oculus Innovative Sciences, Inc. has tied up with India’s Genetix Biotech Pvt Ltd to launch Microcyn Technology platforms such as Microdacyn60, Microcyn Skin, and Wound HydroGel in India

3.     3. In April 2019, BLDG Active™, a provider of cutting-edge medical technologies has introduced a new Active Antimicrobial Hydrogel Spray. In an effort to meet consumer demand, BLDG Active has launched this new formulation, the same clinically proven, a medical-grade solution used in hospitals.

4.      4.  In July 2017, Scientists have created a new gel that’s as strong as metal, as flexible as Jello, and has the ability to revolutionize artificial ligaments and organs.