Hyaluronic Acid Market to Exhibit a Noteworthy Growth of USD 16,313.95 Million by 2030
Global Hyaluronic Acid Market market research report includes historic data, present and future market trends, environment, technological innovation, upcoming technologies and the technical progress in the allied industry. This market report contains extensive study about miscellaneous market segments and regions, emerging trends, major market drivers, challenges and opportunities in the market. The report has been generated with the comprehensive market insights and analysis that offers superior perspective of the market place. Market segmentation has also been carried out extensively in Global Hyaluronic Acid Market business report based on a variety of parameters that include applications, verticals, deployment model, end user, and geography.
Data Bridge Market Research analyzes that the global hyaluronic acid market is expected to grow with a CAGR of 8.3% in the forecast period of 2023 to 2030 and is expected to reach USD 16,313.95 million by 2030.
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Hyaluronic Acid (HA) also called hyaluronan, is an anionic, non-sulfated glycosaminoglycan distributed widely throughout connective, epithelial, and neural tissues. An essential component of articular cartilage, hyaluronic acid surrounds each cell in the cartilage like a coat (chondrocyte). The robustness of cartilage is due to these aggregates’ ingestion of water (its resistance to compression). The molecular weight (size) of hyaluronan in cartilage decreases with age, but the amount increases. The human body naturally contains HA. The largest quantities of HA are seen in the joints and eyes. The chemical has the capacity to maintain luscious, moisturized skin. As a result, it is used by many cosmetic surgeons as an injectable to delay the signs of aging on the skin.
OPPORTUNITIES
- New Technology and Developments in Hyaluronic Acid Products
Advanced innovative technologies have improved aesthetic treatment for skin and other body parts wherever necessary and the skincare industry is one of the most rapidly changing ones. Homegrown brands with actives, ingredient-based skincare, and the beauty space are witnessing the rise of investment, and the consumer is keenly involved. The advanced innovative technology and developments of hyaluronic acid-based products boost the demand for hyaluronic acid in the market.
Hyaluronic dermal products are based on hyaluronic acid that corrects facial imperfections, compensates for volume, and emphasizes certain areas of the face. Advancement in dermal products offers an effective way to enhance, restore, and define facial features. Advancement in hyaluronic acid-based products and procedure of dermal fillers attracts customers toward cosmetics. Thus, it signifies that technological advancement in hyaluronic dermal products is expected to act as an opportunity for market growth.
CHALLENGES
- Escalating Product Recall
The recall of Hyaluronic acid-based products has greatly impacted the market growth. Regulatory authorities recall aesthetic and cosmetic products due to health and safety issues. Every country has its own regulatory authority which is responsible for monitoring the regulation of healthcare-related products.
Market Development
- In 2022, JUVÉDERM VOLBELLA XC was FDA-approved, according to a statement from Allergan, a division of AbbVie Inc., for the treatment of infraorbital hollows in individuals over the age of 21. This aided the business in growing its aesthetics product line in the market.
- In 2021, Contipro, a well-known hyaluronic acid producer with headquarters in the Czech Republic, announced the release of HyRetin, a new anti-aging and anti-acne therapy solution that enhances skin visibility.
- In 2019, TACTOSET, a hyaluronic acid-based surgically administered regeneration therapy, was introduced by Anika Therapeutics in the U.S. to address bone abnormalities brought on by trauma or degeneration.
Dermal fillers made of hyaluronic acid are the least intrusive cosmetic procedures. Globally, dermatology issues are prevalent. Understanding the goods to cure skin-related issues and reduce wrinkles has become a key concern. Several initiatives have been taken to raise knowledge of the proper administration of injectable hyaluronic acid. With more awareness, consumers can choose the proper therapy for wrinkles and acne and choose the appropriate product (Botox injection, dermal fillers) based on the right cause. As a result, the sales will increase, the product line will grow, and the product portfolio will grow. This element is anticipated to fuel market expansion.
The use of Invasive Hyaluronic Acid Based Dermal Fillers are expected to drive the market
Dermal fillers made of hyaluronic acid are less invasive cosmetic procedures that are rapidly spreading throughout the world. These are common cosmetic operations for enhancing one’s appearance and restoring facial volume. They are applied to fine lines and wrinkles and have a wide range of uses. These are also used to enlarge the lips, cheeks, and chin as well as to treat acne, wrinkles, and scars. The demand for non-invasive surgical protocols has increased due to the increase in the elderly population. The use of dermal fillers made of hyaluronic acid will lessen the need for traditional surgery. There is a low cost of therapy, which will stimulate market expansion.
Report Scope and Market Segmentation
| Report Metric | Details |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 – 2020) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Grade (Cosmetic Grade and Pharmaceutical Grade), Type (Hydrolyzed Hyaluronic Acid, Sodium Acetylated Hyaluronic Acid, and Sodium Hyaluronate), Application (Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Ophthalmology, and Others), End User (Medical Spas and Beauty Centers, Dermatology Clinics, and Cosmetic Surgery Centers), Distribution Channel (Direct Tender and Retail Sales) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
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Major Players
Data Bridge Market Research recognizes the following companies as the major hyaluronic acid market players in hyaluronic acid market are Allergan (Ireland), Anika Therapeutics, Inc. (U.S), Bio Plus Co., Ltd. (South Korea), Bioxis Pharmaceuticals (France), Bohus Biotech AB (Sweden), Candela Medical (U.S.), Galderma Laboratories L.P. (U.S.), Genzyme Corp. (U.S.), NUVISAN GmbH (Germany), Laboratoires Vivacy (France), LG Chem (South Korea), Medicis Aesthetics Holdings, Inc. (U.S.), Merz Pharmaceuticals (Germany), Sculpt Luxury Dermal Fillers Ltd. (U.S.), Sinclair Pharma (U.S.)
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Segment Analysis:
The global hyaluronic acid market is categorized into five notable segments based on grade, type, application, end user, and distribution channel.
- Based on grade, the market is segmented into cosmetic grade and pharmaceutical grade. The cosmetic grade segment is expected to dominate the market with a share of 68.09% due to rising aesthetic consciousness that improves physical characteristics.
- Based on type, the market is segmented into hydrolyzed hyaluronic acid, sodium acetylated hyaluronic acid, and sodium hyaluronate. The sodium hyaluronate segment is expected to dominate the market with a market share of 85.10% due to its number of benefits, it helps to restore the skin’s moisture, promoting a more revitalized and youthful complexion. Sodium hyaluronate is gentle enough for use on most skin types, including acne-prone types. It smoothens the appearance of wrinkles and improves the skin and in medication, it can be injected directly into the knee to relieve pain caused by osteoarthritis.
- Based on application, the market is segmented into aesthetics, osteoarthritis, pharmaceutical API, cosmetics, ophthalmology, and others.
The aesthetics segment is expected to dominate the hyaluronic acid market
The aesthetics segment is expected to dominate the market with a share of 37.55% due to the increasing awareness of anti-aging goods and increased demand for hyaluronic-based products such as moisturizers, dermal fillers, shampoo, and others, which will further boost the segment growth and market demand.
- Based on end user, the market is segmented into medical spas and beauty centers, dermatology clinics, and cosmetic surgery centers.
The dermatology clinics segment is expected to dominate the hyaluronic acid market
The dermatology clinics segment is expected to dominate the market with a share of 46.07% due to rising healthcare expenditure and awareness of various over-the-counter drugs among the population.
- Based on distribution channel, the market is segmented into direct tender and retail sales. The retail sales segment is expected to dominate the market with a share of 57.64% as they track consumer demand for finished goods by measuring the purchases of durable & non-durable goods over a defined period of time.
TOC:
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF THE GLOBAL HYALURONIC ACID MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATIONS
1.6 MARKETS COVERED
2 GLOBAL HYALURONIC ACID MARKET: SEGMENTATION
2.1 MARKETS COVERED
2.2 GEOGRAPHICAL SCOPE
2.3 YEARS CONSIDERED FOR THE STUDY
2.4 DBMR TRIPOD DATA VALIDATION MODEL
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.6 MULTIVARIATE MODELLING
2.7 GRADE SEGMENT LIFELINE CURVE
2.8 DBMR MARKET POSITION GRID
2.9 VENDOR SHARE ANALYSIS
2.1 MARKET END USER COVERAGE GRID
2.11 SECONDARY SOURCES
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 PESTEL ANALYSIS
4.2 PORTER’S FIVE FORCES
4.3 NUMBER OF AESTHETIC SURGERY PROCEDURES
4.4 INDUSTRY INSIGHTS
5 REGULATORY FRAMEWORK
6 MARKET OVERVIEW
7 GLOBAL HYALURONIC ACID MARKET, BY GRADE
8 GLOBAL HYALURONIC ACID MARKET, BY TYPE
9 GLOBAL HYALURONIC ACID MARKET, BY APPLICATION
9.1 OVERVIEW
9.2 AESTHETICS
9.3 OSTEOARTHRITIS
9.4 COSMETICS
9.5 OPHTHALMOLOGY
9.6 PHARMACEUTICAL API
9.7 OTHERS
10 GLOBAL HYALURONIC ACID MARKET, BY END USER
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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