Hyaluronic Acid Products Market Demands, Industry Size, Supply, Sales and Manufacturers Future Outlook

Hyaluronic Acid Products Market Outlook 2028

The global hyaluronic acid products market was valued at US$ 8.5 Bn in 2020

It is estimated to expand at a CAGR of 7.1% from 2021 to 2028

The global hyaluronic acid products market is expected to cross the value of US$ 15.2 Bn by the end of 2028

Report Overview: https://www.transparencymarketresearch.com/hyaluronic-acid-products-market.html

Dermal Fillers Create Stable Revenue Streams for Market Stakeholders

The key revenue-generating applications of hyaluronic acid products are dermal fillers, osteoarthritis, ophthalmic surgery, and vesicoureteral reflux (VUR). Of these, the revenue of dermal fillers held the dominant share in the past few years, closely followed by the osteoarthritis and vesicoureteral reflux applications. Meanwhile, the revenue of vesicoureteral reflux is projected to rise at a promising rate over the forecast period. The spectacular pace of the growth of this application is primarily driven by the rising demand for minimally invasive surgical procedures. In addition, the burgeoning aging population in several developed and developing nations who need eye & orthopedic surgeries is further fueling the growth of the hyaluronic acid products market.

Reopening of Country Borders Helping to Fuel Trade amid COVID-19 Pandemic

Manufacturers in the hyaluronic acid products market are conducting short-term, mid-term, and long-term planning to overcome interruptions across customer demand, supply of materials, and availability of logistics services. They are analyzing high-risk clients and customers where recovery of debt may be an issue amid the ongoing COVID-19 outbreak. The scarcity of raw materials is likely to be experienced due to production stoppages and labor shortages during the ongoing pandemic. Nevertheless, the reopening of country borders is helping resolve transport and logistic issues, owing to stringent regulations being followed during transport of raw materials for the hyaluronic acid products market.

High Prevalence of Cancer Patients and Geriatric Population Contributes to Market Growth

The number of people ageing in North America and Europe is so high that in the year 2028, the number of people aged between 65 and above is estimated to be more than the number of children aged between five & below. Since the molecule of hyaluronic acid helps in drug delivery, wound repair, skin healing, etc., the geriatric population would be an important consumer base.

Additionally, hyaluronic acid is an important cancer biomarker, particularly of breast and prostate cancer. It is important to note here that one in nine men are at a risk of developing prostate cancer. Moreover, it is particularly true of older men who are at a higher risk. On the other hand, around 2.1 million women are impacted by breast cancer annually. This is likely to fuel the growth of the global hyaluronic acid products market.

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Single-injection Cycle V/S Five-injection Cycle: Which is Better?

Companies in the hyaluronic acid products market are boosting output capacities for single-injection, three-injection, and five-injection cycle products. Over the past few years, the revenue share of five-injection cycle is anticipated to lead among all product types. However, over the years, it has lost some share. The demand for hyaluronic acid molecule as the single-injection cycle treatment is preferred over five-injection cycles. This can be attributed to the growing demand for convenience among patients and the pressing need to avoid adverse effects that may arise after being exposed to the treatment. Shifting to a lower-duration treatment can help patients avoid symptoms such as itching, redness, and inflammation, which may be common after every dose. In the near future, the revenue share of single-injection cycle products will rise at a major CAGR over the forecast period.

Orthopedic and Ophthalmic Applications Catalyzing Demand for Hyaluronic Acid

Hyaluronic acid, one of the key components of the extracellular matrix (ECM), is a unique non-sulfated glycosaminoglycan that is well-distributed across different types of tissues such as connective tissues, epithelial, and neural tissues. The molecule performs a variety of physiological functions and has wide applications in areas of drug delivery, skin healing, and wound repair, particularly fetal wound healing. It is also shown to moderate the inflammation necessary for stabilizing the granulation tissue, thereby promoting healing.

The hyaluronic acid is being used as a biomarker for various cancer types, especially that of prostate and breast. In addition, they can help in monitoring the disease progression. Since the molecule promotes normal cushioning of tissues and lubricates the joints, it has wide applications in the orthopedic surgery. It also finds use in various eye surgeries, such as cataract removal and corneal transplantation.

Hyaluronic Acid Products Market: Overview

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

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Buying Pattern of Hyaluronic Acid Beauty Products Characterized by Rise in Aging Population and Skin Problems (Pimples and Scars): Key Driver

People today not only prefer cosmetic products, but are also attracted to novel advancements in the beauty and cosmetics sector; for instance, better dermal fillers inside the skin, and the amount of penetration a particular product has with the skin, are leading to a shift in the demand pattern for hyaluronic acid beauty products globally

Demand for international cosmetic products is increasing, as they are more sensitive to the skin. Cost-effective treatments, rapid absorption of hyaluronic acid into the skin, anti aging hyaluronic acid beauty products, and hyaluronic acid injectable are further anticipated to propel the hyaluronic acid beauty products market

Wide Range of Beauty Products at Affordable Prices Driving Demand: Key Opportunity

Affluent shoppers buy beauty products around the world in stores such as Sephora, MAC, and Lakme, which has increased consumer footfalls in stores stocking beauty products with hyaluronic acid. Some of the products containing hyaluronic acid are Plum Youthful Radiance Duo, Skin Plumping Water Sleep Mask, Neutrogena, and Lancome Absolute, which are commonly available on the internet at a wide price range.

The popularity of hyaluronic acid has led it to be considered as one of the gold standard ingredients to hydrate the skin, which is a key factor driving the market. Beauty products account for a significantly high share of the market, because beauty routines have become the need of customers in their day-to-day lives. Changing lifestyle of people has also extensively influenced the sale of hyaluronic acid beauty products globally.

Hyaluronic Acid Products Market: Competition Landscape

This report profiles major players in the global hyaluronic acid products market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global hyaluronic acid products market is highly fragmented, with the presence of numerous international as well as regional players

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Leading players operating in the global hyaluronic acid products market are

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

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