- The aging population that needs eye as well as orthopedic procedures is estimated to propel the global hyaluronic acid products market
ALBANY, N.Y., April 06, 2022 (GLOBE NEWSWIRE) -- The global hyaluronic acid products market was worth US$ 8.5 Bn in 2020 and is estimated to surpass the value of US$ 15.2 Bn by 2028. The global market is projected to develop at a CAGR of 7.1% during the forecast period, from 2021 to 2028. Hyaluronic acid has several physiological activities, and is widely used in skin healing, medication transport, and wound repair, especially in fatal wound healing. It is also been shown to reduce inflammation, which is crucial for stabilizing granulation tissue and facilitating healing procedure.
Orthopedic problems, such as osteoarthritis, is likely to benefit greatly from hyaluronic acid supplementation. In order to relieve discomfort, hyaluronic acid can also be directly administered into the joints. The older population is more vulnerable to incontinence, bone injuries, and fractures, therefore the hyaluronic acid industry appeals to them. One of the key focus demographics for hyaluronic acid-based products is the elderly or geriatric population globally. Companies are producing hyaluronic acid-based injectables as well as supplements as the number of individuals with rheumatoid arthritis and osteoporosis rises. As a result, the global hyaluronic acid products market is expected to grow throughout the forecast period due to increase in incidences of bone and joint problems.
Request Brochure of Hyaluronic Acid Products Market Research Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2033
In terms of product, the five-injection cycle category is likely to lead the overall market in 2020. Since the past few years, however, it has lost some market share. The demand for hyaluronic acid in the form of a single-injection cycle therapy is greater than the demand for five-injection cycles. This might be ascribed to surge in patient desire for comfort as well as the immediate need to prevent any adverse consequences. Switching to a shorter-duration medication is likely to help patients avert side effects including inflammation, itchiness, and redness, all of which can occur after each dosage. This category is expected to grow at a significant CAGR during the forecast period.
Key Findings of Market Report
- Based on application. the vesicoureteral reflux category is expected to grow significantly during the forecast period. The surge in demand for minimally invasive surgical treatments is largely responsible for the segment's rapid growth. Furthermore, the demand for hyaluronic acid products is being fueled by a global rise in the number of elderly people requiring eye and orthopedic surgery.
- Hyaluronic acid is being utilized as a biomarker for a variety of cancers, including prostate and breast cancers. They can also aid in the tracking of disease development. The molecule comes with a wide range of uses in orthopedic surgery as it supports appropriate tissue cushioning and lubrication.
- People nowadays are drawn toward innovative products in the cosmetics and beauty industry, such as improved dermal fillers within the skin, which is causing a shift toward hyaluronic acid beauty products throughout the world. International cosmetics are becoming more popular as people's skin grows increasingly sensitive. The global hyaluronic acid products market is expected to be driven by quick diffusion of hyaluronic acid into the skin, cost-effective treatments, hyaluronic acid injection, and anti-aging hyaluronic acid beauty products.
- Asia Pacific is expected to provide substantial potential for the market during the forecast period. The regional market has grown due to significant advancements in the healthcare industry over the past few years. In addition, rise in popularity of minimally invasive operations is a prominent trend that is predicted to drive the market in Asia Pacific.
Request for Analysis of COVID-19 Impact on Hyaluronic Acid Products Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=2033
Global Hyaluronic Acid Products Market: Growth Drivers
- Affluent buyers buy beauty products from retailers such as Sephora, MAC, and Lakme all over the world, resulting in increasing footfall at stores that supply hyaluronic acid-based cosmetic products. Hyaluronic acid's prominence has led to it being regarded as one of the gold standard substances for hydrating the skin, which is a major factor driving sales opportunities in the global market.
- Hyaluronic acid is a fundamental component of the extracellular matrix (ECM). The molecule comes with a variety of physiological properties and can be used for skin healing, medication delivery, and wound repair. It's also been demonstrated to reduce inflammation, which is crucial for stabilizing granulation tissue and encouraging healing.
Get Exclusive PDF Sample Copy of Hyaluronic Acid Products Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2033
Global Hyaluronic Acid Products Market: Key Players
Some of the key market players are
- Fidia Farmaceutici SpA
- Shanghai Jingfeng Pharmaceutical Co., Ltd.
- F. Hoffmann-La Roche Ltd.
- TRB Chemedica Int. SA
- Meiji Seika Pharma Co., Ltd.
- Ferring Pharmaceuticals, Inc.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2033
Global Hyaluronic Acid Products Market: Segmentation
Product
- Single-injection Cycle
- Three-injection Cycle
- Five-injection Cycle
Application
- Osteoarthritis
- Ophthalmic Surgery
- Dermal Fillers
- Vesicoureteral Reflux [VUR]
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
Hyaluronic Acid Based Dermal Fillers Market: The global hyaluronic acid based dermal fillers market is likely to be driven by rising demand for younger looking and perfect skin through outpatient and noninvasive aesthetic dermatology methods. In addition to that, the market is further expected to benefit from an increase in medical tourism for various aesthetic treatments.
Hyaluronic Acid Viscosupplementation Market: Increase in body weight exerts pressure on the lower extremity joints such as the knees. Excessive pressure on the joints leads to joint pain, damage, and orthopedic disorders. Thus, an increase in number of people with obesity is anticipated to drive the hyaluronic acid viscosupplementation market.
About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY – 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Follow Us: Twitter | LinkedIn
Blog: https://tmrblog.com
Browse PR - https://www.transparencymarketresearch.com/pressrelease/hyaluronic-acid-products-market.htm
