Growth factors play a crucial role in regulating a broad variety of biological processes and have been regarded as powerful therapeutic agents in tissue engineering and regenerative medicine in the past decades. However, their application is limited by their short half‐lives and potential side effects in physiological environments. Hydrogels have been identified as having the promising potential to prolong the half‐lives of growth factors and mitigate their adverse effects by restricting them within the matrix to reduce their rapid proteolysis, burst release, and unwanted diffusion. This review discusses recent progress in the development of growth factor‐containing hydrogels for various biomedical applications, including wound healing, brain tissue repair, cartilage and bone regeneration, and spinal cord injury repair. In addition, the review introduces strategies for optimizing growth factor releases including affinity‐based delivery, carrier‐assisted delivery, stimuli‐responsive delivery, spatial structure‐based delivery, and cellular system‐based delivery. Finally, the review presents current limitations and future research directions for growth factor‐delivering hydrogels.This article is protected by copyright. All rights reserved