The hyaluronic acid market is projected to touch USD 18,153.6 million at a 7.02% CAGR between 2016-2025, reveals the new Market Research Future (MRFR) report. Hyaluronic acid acts as a lubricant & cushion in the joints as well as other tissues in the body. This lubricating fluid is naturally found in connective tissue, joints, eyes, and skin. It is beneficial for joints sans any side effects and also helps to keep skin glowing. It is incorporated in health care and anti-aging beauty products.
Numerous factors are adding to the hyaluronic acid market demand. Such factors, as revealed by the latest MRFR report, include the rising number of cosmetic clinics and plastic surgeons, constant technological advancements, the introduction of pocket-friendly products and treatments, the aging population, and increasing aesthetic consciousness. Additional factors adding to the hyaluronic acid market growth include the launch of products that are technologically advanced, preference for minimally invasive procedures as well as rapid results, increasing use in dermal fillers, and increasing awareness about anti-aging products. Besides, the increasing number of eye surgeries, increasing adoption in cardiovascular implants, and the use of hyaluronic injections to treat joint pain and osteoarthritis are also adding market growth.
On the contrary, strict government regulation and certain side effects from high dosage are factors that may limit the hyaluronic acid market growth over the forecast period.
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The Market Research Future Report provides an inclusive segmental analysis of the hyaluronic acid market based on grade, application, and end user.
By grade, the hyaluronic acid market is segmented into food grade, pharmaceutical grade, and cosmetic grade.
By application, the hyaluronic acid market is segmented into ophthalmology, dietary supplements, cosmetics, pharmaceutical API, osteoarthritis, aesthetics, and others. Of these, the osteoarthritis segment will lead the market over the forecast period.
By end user, the hyaluronic acid market is segmented into personal care, food industry, dermatology clinics and cosmetic surgery centers, pharmaceutical industry, and others. Of these, the dermatology clinics and cosmetic surgery centers will have a major share in the market over the forecast period.
By region, the global hyaluronic acid market covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will command the largest share in the market over the forecast period for the increasing demand for hyaluronic acid in the pharmaceutical industry. The US is a key contributor in the region for the presence of a huge pharmaceutical base. Besides, most leading companies are acquiring regional vendors for strengthening their position, which again is adding to the market growth.
The hyaluronic acid market in Europe is predicted to hold the second-largest share over the forecast period for its increasing use in cosmetic and personal care products. Besides, increasing consumer inclination towards physical appearance, new product development, and the growing cosmetics industry that is supported by the favorable regulatory environment are also adding market growth.
The hyaluronic-acid-market in the APAC region is predicted to grow at a quick pace over the forecast period for the increasing number of cosmetic surgeries in the region and the growing demand for hyaluronic acid. Besides, the growing healthcare and cosmetics industry, the highest geriatric population in Japan, higher acceptance of viscosupplementation, and the rise in subsidy for research and development activities are also propelling market growth in the region.
The hyaluronic-acid-market in the MEA will have steady growth over the forecast period for limited access & healthcare affordability. Besides, the rising awareness of the product will also add to the market growth in the region.
Notable players profiled in the global hyaluronic acid market report include Anika Therapeutics, Seikagaku Corporation, Kewpie Corporation, Bioiberica SAU, Fidia Farmaceutici SPA, Altergon Italia SRL, Zhonglan Industry Co., Ltd, Symatese Group, Contipro AS, and Allergan. Industry players have incorporated key strategies to create a niche in the market, such as acquisition and mergers, product approvals, product development, and innovation.
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