Hyaluronic Acid Products Market is Projected to Expand at a CAGR of 9.20% from 2013 to 2019
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According to the market research report, the global market for hyaluronic acid products is expected to reach a value of US$9.85 bn by the end of 2019 and the market is likely to register a promising 9.20% CAGR between 2013 and 2019.
global-hyaluronic-acid-products-market-by-segments-2012North America Hyaluronic Acid Products Market to lead in Near Future
From a regional perspective, the global market for hyaluronic acid products has been categorized into the Middle East and Africa, North America, Latin America, Asia Pacific, and Europe. Among these, North America is projected to witness high growth in the next few years. The increasing demand for hyaluronic in North America can be attributed to the presence of a several leading players and the growing demand across diverse applications. Europe is anticipated to remain in the second position in terms of market share throughout the forecast period. Furthermore, Asia Pacific is likely to experience a significant growth in the coming years. The rising number of developments in the healthcare sector is one of the key factors estimated to accelerate the growth of the Asia Pacific market in the coming few years.
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Among the key application segments, the dermal fillings segment is likely to account for a large share of the market and is projected to remain in its leading position throughout the forecast period. The vesicoureteral reflux (VUR) and osteoarthritis segments are further anticipated to register a promising growth rate in the coming years. The rising demand for minimally invasive surgical procedures is one of the major factors projected to encourage the growth of the market in the near future. Moreover, the rising geriatric population in a large number of developing economies is anticipated to accelerate the growth of these two segments in the coming few years.
Rising Number of Applications to Accelerate Market Growth
The global hyaluronic acid products market is expected to rise at a steady pace in the coming few years. The expansion of the product portfolio and the increasing number of applications are some of the key segments that are projected to accelerate the growth of the global hyaluronic acid products market in the next few years. Technological advancements and developments in this area are further estimated to enhance the market growth in the near future.
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On the other hand, the high cost of hyaluronic acid products is one of the major factors, which is predicted to restrict the growth of the global market in the next few years. Nevertheless, the rising number of mergers and acquisition, especially with local businesses is estimated to generate promising growth opportunities in the forecast period.
This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “Hyaluronic Acid Products Market (Single-Injection, Three-Injection Cycle and Five-Injection Cycle) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”
Transparency Market Research (TMR) is a 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. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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