Hyaluronic Acid Market Global Industry Scenario, Size, Share, Trends, Analysis and Forecast, 2019 - 2028

The hyaluronic acid market would reach USD 18.03 billion by 2028; growing at a CAGR of 8.2% from 2021 to 2028. Hyaluronic acid also known as hyaluronam an anionic non-sulfated glycosaminoglycan acts as a dermal filler widely used for cosmetics and skincare surgery. Also used for curing sores in mouth, skin aging, dry eyes and for cosmetic and skincare surgery functioning as dermal filler. Rising cases of growing geriatric population globally, increasing cases of diseases, treatment of osteoarthritis is projected to drive the global hyaluronic acid market. People undergoing lower levels of hyaluronic acid are prescribed for intake of this acid.
Premature aging is caused by dust, pollutants, exposure to sun for long hours weakens the skin surface. Hyaluronic acid acts as a key ingredient for the skin because of its ability to hold and draw water surging the demand in the cosmetics industry. Increasing awareness among people regarding skin care and its treatment illustrates rapid future market growth. Furthermore, hyaluronic acid is also helpful in treating cases like arthroses and used in eye surgery.

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Hyaluronic Acid Market is segmented into by grade, application and geographical region. By grade, it is classified as pharmaceutical industry, dietary supplements and cosmetics industry. By application, it is bifurcated into osteoarthritis, ophthalmic and vesicoureteral relux and dermal fillers such as lip enhancement, scar treatment and wrinkle correcting treatment. Further, osteoarthritis is listed as single injection, five injection and three injection. Geographically, North America is leading for the high demand of hyaluronic acid in the form of dermal fillers and visco-supplements for remedial of osteoarthritis. Further, Asia Pacific grants productive prospect for highly lucrative market during the forecast period.
Key players for global Hyaluronic Acid Market include F. Hoffmann-La Roche Ltd., Seikagaku Corporation, Salix Pharmaceuticals, Galderma S.A, Smith & Nephew Plc., Sanofi (Genzyme), Anika Therapeutics Inc., Zimmer Holdings Inc., Allergan Inc., Ferring Pharmaceuticals, Inc. among others.

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