Hyaluronic Acid Products Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Hyaluronic acid products find wide application in anti-aging processes along with minimal invasive surgery (MIS) procedures. Hyaluronic acid, also known as hyaluronan (HA) is an organic compound that belongs to the branch of carbohydrates and polysaccharides. Hyaluronic acid is prepared in laboratories by various in-vitro processes such as extraction from rooster combs and bacterial production. Average human body consists of approximately 15 grams of hyaluronic acid, though it can be administered through injections or oral administration as directed by the healthcare professional. Hyaluronic acid is hydrophilic in nature and thus, is used to absorb shock in people with joints disorder such as osteoarthritis. Also due to quick absorption of hyaluronic acid into skin helps combating the signs of aging such as fine lines and wrinkles which favor the market of hyaluronic acid product in cosmetics as hyaluronic acid beauty serums.
Furthermore, increase in awareness about health and beauty standards lead to the demand of cosmetics and aesthetics procedure.
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Hyaluronic acid is used in treatment of mouth sores, dry eyes, and aging of skin. Whereas now many biological fields are evolved and slowly finding the purpose of hyaluronic acid to form a useful product that can favor the growth of hyaluronic acid products market. Treatment of osteoarthritis is also approved by the U.S. FDA in 2015 by using hyaluronic acid.
Rise in medical application of hyaluronic acid fuel the hyaluronic acid products market
Hyaluronic acid is present in human body but it is also supplemented via oral, intramuscular and intradermal routes. Due to its hydrophobic nature hyaluronic acid is used for treatment of osteoarthritis. Whereas hyaluronic acid is also used to replace body fluid during surgeries of retina, cornea and cataract. Increase in number of plastic surgeries also favor the growth of hyaluronic acid products market.
Furthermore, hyaluronic acid is also used as dermal filler in cosmetic surgery. Many hyaluronic acid products market mainly consists of beauty products which provides essential moisture to maintain skin’s elasticity and smoothness such as hyaluronic moisturizers, shampoos, creams, conditioners and bath oils are also available in the market. Recently approved hyaluronic acid skin filler by FDA binds to water when injected into the skin which provides volume to easily fill in the larger folds of the skin around the cheeks and mouth.
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Regional growth engines of hyaluronic acid products market
Hyaluronic acid products market is geographically segmented into North America, Europe, Asia Pacific and Middle East and Africa. As growth in geriatric population is seen in North America and their demand for treatment is expected to boost the hyaluronic acid products industry in North America. According to Population Reference Bureau report the number of people from North America who age 65 and older is projected to more than double from 46 million from year 2016 to over 98 million by 2060. Awareness related to anti-aging treatment and consideration of alternatives like plastic surgeries also favor the growth of market in North America. The U.S. FDA approved Restylane Lyft, hyaluronic acid dermal filler, by Galderma Laboratories in year 2015. Various hyaluronic acid cosmetics products such as bath oils, shampoos, creams and conditioners is expected to witness growth in market of Asia-Pacific.
Key players operating in hyaluronic acid products market
The key players in the global hyaluronic acid products market are Zimmer Holdings, Inc., Hoffmann-La Roche Ltd., Ferring Pharmaceuticals, Inc., F. Merz Aesthetics, Inc., Seikagaku Corporation, Allegran Inc., Smith & Nephew plc. and Alcon, Inc.
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