Estimates suggest that rapid self-healing gel market size will exceed USD 310 million in annual valuation by 2025, globally.
Gradual evolution of biomedical products has played a key role in the expansion of rapid self-healing gels market, along with the increased focus on development of tissue engineering and regenerative medicine. Rapid self-healing gels are 3D materials with potential to absorb large amount of water while maintaining dimensional stability.
These gels are considered highly biocompatible with tissue components of the human body and can aid in providing mechanical support for cells in engineered tissues. The product is ideal for application in wound care dressings for removing damaged tissues as well as for cleansing of wounds.
Over the recent decades, rising healthcare concerns of the exploding global population has prompted nations to bring reforms in the healthcare technology. Growing focus of several governments and private healthcare organizations to provide improved efficiency and quick healing results for medical treatments will offer substantial growth prospects for rapid self-healing gel producers over the coming years.
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Adoption of effective drug delivery system
With growing concerns for chronic diseases among masses and increased rate of surgical procedures, the R&D spending across in biopharmaceutical applications has significantly increased for the development of more effective drug delivery systems. Medical practitioners are inclined towards adoption of well-developed technologies for surgeries.
Rapid self-healing gels are experiencing demand on account of remarkable product attributes such as relatively facile microfabrication, tunable biological and physiochemical properties. These gels affix new dimensions in tissue engineering by synthesizing functional hydrogels and offer quite adaptive properties, which is likely to fuel product demand in the forthcoming years.
Progress in tissue engineering field
Rise in number of road collisions, accidents and associated trauma has resulted in increased surgeries. Growing demand for faster wound recovery will bolster the demand for rapid-self healing gels in active wound care items. As per estimates, wound healing application segment will hold around 45% of the rapid self-healing gel industry share up to 2025.
One of the rapidly advancing field in biomedical sciences is tissue engineering that involves cell biology, biomaterial science, surface characterization and cell material interactions. As rapid self-healing gels sport significant biocompatibility and similarity with tissue components human body parts, it has become an ideal choice for use in tissue engineering. Tissue engineering segment is poised to showcase growth rate of 8% over the projected timeframe.
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Rising spending in biomedical R&D across North America
Government as well as pharmaceutical companies across North America are heavily spending on research and development of advanced healthcare products which may positively impact rapid self-healing gels industry growth.
The region possesses advanced healthcare infrastructural and healthcare services. Moreover, presence of renowned players in the U.S. will also lead to development of advanced products, leading to faster proliferation of the market across the region. North America rapid self-healing gels market size is estimated to capture over 40% of the total share up to 2025.
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