The Hyaluronic Acid Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints.It provides detailed information on global and regional industry structure and outlook.In addition, the report includes data on R&D, new product launches, and product responses by leading companies in global and local markets.The structured analysis provides a graphical representation and graph breakdown of the Hyaluronic Acid market by region.
Report Ocean presents a new report on Hyaluronic Acid Market Size, Share, Growth, Industry Trends and Forecast to 2026, covering various industry elements and growth trends that will help predict the future of the market.
By 2025, the hyaluronic acid market is expected to reach USD 18,153.6 million at a CAGR of 7.02%.
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Market Analysis Hyaluronic acid is a glycosaminoglycan polymer commonly found in the extracellular matrix of vertebrate epithelial, connective and neural tissues.It plays an important role in many signaling pathways in the body and is used in the treatment of joint and eye diseases as well as in plastic surgery.The demand for hyaluronic acid is increasing due to its increasing application in cosmetic and personal care products and the increase in the number of cosmetic procedures.These factors are expected to drive the growth of the global hyaluronic acid market.However, the availability of alternatives is expected to hinder the market growth.
Dermatologists inject hyaluronic acid-based fillers to make the skin look firmer.Botox and dermal filler treatments are popular, with more than 9 million procedures performed in 2015, according to the American Society of Plastic Surgeons (ASPS).The use of hyaluronic acid dermal fillers is approved by the Food and Drug Administration (FDA).According to the International Society of Aesthetic Plastic Surgery (ISAPS), 465,296 modern procedures were performed in 2017, a 9% increase from 2018.It is also used as a lip filler in plastic surgery.
According to the annual statistics on plastic surgery procedures, 17.5 million procedures and minimally invasive cosmetic procedures were performed in the United States in 2017, a 2 percent increase from 2016.According to the American Society of Aesthetic Plastic Surgery (ASAPS), the use of hyaluronic acid injections increased by 58.4% in 2018 compared to 2014.The organization also said that hyaluronic acid treatment was the second most popular non-surgical cosmetic procedure in 2018.An estimated 810,240 hyaluronic acid procedures were performed in 2018, second only to Botox in the Americas, with nearly $544 million spent.
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Market Segmentation The global hyaluronic acid market has been segmented by grade, application, end user, and end user.On the basis of grade, the global hyaluronic acid market has been segmented into cosmetic grade, pharmaceutical grade, and food grade.Based on application, the market has been segmented into aesthetics, osteoarthritis, pharmaceutical raw materials, cosmetics, dietary supplements, ophthalmology, and others.On the basis of end user, the global hyaluronic acid market has been segmented into pharmaceutical industry, dermatology clinics and cosmetic surgery centers, food industry, personal care, and others.In 2018, the market share of dermatology clinics and cosmetic surgery centers was 23.2%.
Geographically, the global hyaluronic acid market has been segmented into different regions such as Americas, Europe, Asia Pacific, Middle East and Africa.The Americas are subdivided into North America (US and Canada) and Latin America, and Europe is subdivided into Western Europe (Germany, UK, France, Italy, Spain and Rest of Western Europe) and Eastern Europe.Asia Pacific is subdivided into Japan, China, India, Australia, South Korea and Rest of Asia Pacific, Middle East and Africa.
Regional Analysis The global hyaluronic acid market is segmented by region into Americas, Europe, Asia Pacific, Middle East & Africa.The Americas are likely to dominate the global hyaluronic acid market.The growth in the region could be attributed to the high demand for the product in the pharmaceutical industry.For example, the availability of large pharmaceutical bases in the United States is an important driver of regional market growth.According to the European Federation of Pharmaceutical Industry Associations (EFPIA), North America accounted for 48.9% of global pharmaceutical sales in 2017.
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In addition, U.S. pharmaceutical R&D spending was nearly $55.755 billion, an annual growth rate of 8.6%.In addition, many important companies in the market are developing regional suppliers to strengthen their positions in the market.Europe held a 26.8% share of the global hyaluronic acid market in 2018.This can be attributed to the increasing use of hyaluronic acid in cosmetic and personal care products.Asia Pacific is estimated to be the fastest growing region in the global market.
This is due to the growing demand for hyaluronic acid and increasing number of cosmetic procedures driving the growth of the hyaluronic acid market in the region.The hyaluronic acid market in the Middle East and Africa is expected to witness steady growth over the period under review owing to the limited accessibility and healthcare affordability of the population.Rising awareness of hyaluronic acid is expected to drive market growth over the period under review.
Key players pharmaceutical companies, contract research manufacturing organizations, research and development organizations, and academic institutions are some of the anticipated targets of the global hyaluronic acid market.Allergan, Contipro AS, Symatese Group, Zhonglan Industrial Co., Ltd., Altergon Italia SRL, Fidia Farmaceutici SPA, Bioiberica SAU, Kewpie Corporation, Seikagaku Corporation, and Anika Therapeutics are the key players in the global hyaluronic acid market:
The geographic regions of the report include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.The report provides a comprehensive analysis of market trends, including usage and consumption information at the regional level.The market report includes the growth rate for each region, including its country, over the next few years.How to evaluate the key players in the market?The report provides a comprehensive analysis of key competitors in the market.
The report includes information on key vendors in the market.The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.The report presents facts and figures about competitors in the market, as well as views of leading market players.The market report includes details of recent market developments, mergers and acquisitions involving the key players mentioned above.
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Post time: Jan-12-2022