Hyaluronic Acid Products Market to Reach US$ 15.2 Bn by 2028, Transparency Market Research Inc.

According to Transparency Market Research's latest report on the global 𝐡𝐲𝐚𝐥𝐮𝐫𝐨𝐧𝐢𝐜 𝐚𝐜𝐢𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 for the historical period 2017-2019 and forecast period 2021-2028, the market is anticipated to expand significantly owing to an aging population and the introduction of technologically advanced products

The global hyaluronic acid products market was valued at US$8.5 billion in 2020 and is projected to grow at a CAGR of 7.1% from 2021 to 2028, reaching over US$15.2 billion by 2028.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
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Manufacturers are focusing on sectors such as orthopedic and ophthalmic end-use cases amid the COVID-19 pandemic. Despite concerns about redness and soreness, hyaluronic acid is associated with rare allergic reactions. Increasing awareness about its benefits is crucial. Research is exploring new uses for hyaluronic acid, particularly in treating osteoarthritis and reversing skin aging by improving skin moisture.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Alcon, Inc.,Anika Therapeutics, Inc.,Allergan, Inc.,F. Hoffmann-La Roche Ltd.,Fidia Farmaceutici SpA,Ferring Pharmaceuticals, Inc.,GALDERMA S.A.,LifeCore Biomedical LLC,Hyaltech Ltd.,Meiji Seika Pharma Co., Ltd.,Sanofi,Merz Aesthetics, Inc.,Salix Pharmaceuticals, Inc.,Shanghai Jingfeng Pharmaceutical Co., Ltd.,Seikagaku Corp.,Smith & Nephew plc.,Zimmer Holdings, Inc.,TRB Chemedica Int. SA

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Single-injection Cycle
Three-injection Cycle
Five-injection Cycle

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Osteoarthritis
Ophthalmic Surgery
Dermal Fillers
Vesicoureteral Reflux (VUR)

𝐃𝐞𝐫𝐦𝐚𝐥 𝐅𝐢𝐥𝐥𝐞𝐫𝐬 𝐂𝐫𝐞𝐚𝐭𝐞 𝐒𝐭𝐚𝐛𝐥𝐞 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐭𝐫𝐞𝐚𝐦𝐬 𝐟𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬

The primary revenue-generating applications for hyaluronic acid products include dermal fillers, osteoarthritis treatment, ophthalmic surgery, and vesicoureteral reflux (VUR) management. Among these, dermal fillers have historically held the largest share of revenue, closely followed by osteoarthritis and vesicoureteral reflux treatments.

However, the revenue from vesicoureteral reflux treatment is expected to grow significantly in the forecast period, driven by the increasing demand for minimally invasive surgical procedures. Additionally, the growing elderly population in both developed and developing countries, requiring eye and orthopedic surgeries, further contributes to the expansion of the hyaluronic acid products market.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In June 2020, AbbVie announced the approval of a new hyaluronic acid product-Juvederm Voluma XC-indicated for improving chin profile in adults

In December 2019, Anika Therapeutics launched its first hyaluronic acid-based surgically delivered regenerative therapy, TACTOSET in the U.S., for the treatment of bone defects caused by trauma or degeneration

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐅𝐨𝐜𝐮𝐬𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Key drivers for market growth include the rising demand for anti-aging skincare products, technological advancements in medical devices, and the growing prevalence of osteoarthritis. However, challenges such as stringent regulatory approvals and the high cost of hyaluronic acid products may hinder market expansion.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Some notable trends shaping the hyaluronic acid products market include the increasing adoption of minimally invasive cosmetic procedures, the development of innovative skincare formulations, and the growing popularity of combination therapies.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the hyaluronic acid products market looks promising, with sustained growth expected in the coming years. Advancements in biotechnology and increasing research and development activities are anticipated to drive market innovation and expand the application scope of hyaluronic acid products.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Analysis of market dynamics, including drivers, challenges, and opportunities
Evaluation of market segmentation and regional trends
Assessment of competitive landscape and key market players
Examination of recent developments and emerging trends in the industry

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐂𝐚𝐫𝐛𝐨𝐧 𝐁𝐥𝐚𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/10/2643848/0/en/Global-Recovered-Carbon-Black-Market-to-Reach-US-2-7-Bn-by-2031-Transparency-Market-Research-Inc.html

𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐢𝐛𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/10/2643780/0/en/Natural-Fiber-Market-to-Expand-at-CAGR-of-7-5-during-Forecast-Period-2023-2031-Reveals-TMR-Study.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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