Infinium Global Research has added a new report on Global Hyaluronic acid Market. The report predicts the market size of Hyaluronic acid is expected to reach XX billion by 2022.
The market for global hyaluronic acid was valued at around USD 6.7 billion in 2015 and is expected to reach USD 12.1 billion by 2022, growing at a CAGR of around 8.9% during the forecast period of 2016 to 2022. Hyaluronic acid, also called hyaluronan, is an anionic, nonsulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. Its function in the body is to bind water and to lubricate movable parts of the body, such as joints and muscles. Its consistency and tissue-friendliness allows it to be beneficial in skin-care products as an excellent moisturizer. Because it is one of the most hydrophilic molecules in nature with numerous benefits for the human body it can be described as nature’s moisturizer. Hyaluronic acid helps to maintain normal joint cushioning. With these advantages, hyaluronic acid exhibits a wide range of applications in ophthalmology, dermatology, rheumatology, orthopedic surgery, otolaryngology, plastic surgery, drug delivery, and wound healing.
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Rise in base of geriatric population, increasing incidence rates of osteoarthritis, ulcers and gingivitis, and rising demand for cosmetic procedures related to anti-aging process are some of the factors which are expected to expand the market significantly in the coming years. In addition, growing patient’s preference for minimally invasive surgical procedures, favorable reimbursement policies, and increasing awareness about health and beauty standards among the population are further driving this market in the coming years. Along with these factors, there are certain restraining factors that could hinder the market in future, which include availability of other cost effective treatment options. Introduction of newer technologies into the market and large number of product approvals witnessing the huge market growth.
Companies profiled:
Allergan Inc
Sanofi
Genzyme Corporation
Hoffmann-La Roche Ltd.
Zimmer Biomet
Smith & Nephew plc
Ferring Pharmaceuticals Inc.
Anika Therapeutics Inc.
Seikagaku
Salix Pharmaceuticals
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Key topics covered:
1. Scope of the report
2 Executive summary
3 Qualitative analysis
4 Global hyaluronic acid market, by type, 2015 – 2022
5 Global hyaluronic acid market, by application, 2015 – 2022
6 Global hyaluronic acid market, by geography, 2015 – 2022
7 Company profiles
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