Hydrogel-based Drug Delivery System Market size is anticipated to reach USD 10.6 billion by 2028
Hydrogel-based Drug Delivery System Industry Overview The global hydrogel-based drug delivery system market size was valued at USD 5.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. Hydrogels are three-dimensional polymeric networks capable of imbibing small to large drug molecules (NSAID, proteins, peptide), therefore being extensively used in drug delivery applications. The biocompatibility and biodegradable properties coupled with a controlled release profile make hydrogel a potential drug delivery system. A large number of studies assessing the development of COVID-19 vaccine using hydrogels highlight the future applications of hydrogel-based drug delivery systems. The high drug loading capacity combined with advantages such as controlled release and targeted delivery are some of the key factors expected to contribute to the growth of the market for hydrogel-based drug delivery systems. Formulati...