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Hyaluronic Acid Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Hyaluronic Acid Market: By Product (Pills, Liquid, Injections, Powder, and Others); Grade (Medical Grade, Food Grade, and Cosmetic Grade); Formulation (HA + Lidocaine and HA); Application (Aesthetics, Osteoarthritis, Pharmaceutical API, Cosmetics, Dietary Supplement, Ophthalmology, and Others); Distribution Channel (Hospitals, Specialty Clinics, Retail Pharmacies, and Online Pharmacies); Use (medical and Non-Medical Use); and Region— Industry Dynamics, Market Size and Opportunity Forecast Until 2031

  • Published Date: Apr-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0622256  | Delivery: 2 to 4 Hours
Hyaluronic Acid Market

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Report AttributeDetails
Market Size Value in 2022US$ 8.4 Billion
Expected Revenue in 2031US$ 21.1 Billion
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Bn)
Segments coveredBy Product, By Grade, By Formulation, By Application, By Distribution Channel, By Use, By Region
Key Companies                                                                                                                                         Allergan plc, Zimmer bionet, Smith & Nephew Plc, Anika therapeutics, Sanofi, Bausch & Lomb Inc, Evonic Industries AG F., Ferring B,V, Life Core Biomedical LLC., Fidia Farmaceutici s.p.a, Galderma Genzyme Corp., Other Prominent Players
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Faster recovery times, lower discomfort, fewer side effects, and less post-surgical complications, minimally invasive antiaging therapies had a significant impact on the growth of hyaluronic acid products. 

The viscoelasticity, moisture retention capacity, biocompatibility and hygroscopic are the characteristics of hyaluronic acid.

Injectable hyaluronic acid is used to diminish the appearance of fine lines and wrinkles, as well as facial creases, and to provide the face and lips structure, framework, and volume.

Natural aging process, tobacco, smoking and pollution can reduce the amount of hyaluronic acid present in human skin.

The Global Hyaluronic Acid market is projected to grow at a CAGR of 11.53% during the forecast period 2023-203` and is expected to reach US$ 21.1 Billion by 2031.

Factor such as increasing demand for anti-aging cosmetics and aesthetic treatments drive the growth in the global hyaluronic acid market over the forecast period.

The online pharmacies segment holds the largest CAGR in the global hyaluronic acid market during the forecast period.

Asia-Pacific region is growing with the fastest CAGR during the forecast period. 

High costs and side effects connected with treatment or therapy such as redness and itching restrict the hyaluronic acid market growth during the forecast period.  

The US holds the major share in terms of revenue in the North America hyaluronic acid market.

Increase in usage of hyaluronic acid in osteoarthritis and dry eye creates a lucrative growth trend for the hyaluronic acid market. 

Product, grade, formulation, application, distribution channel, use, and region are the different segments in the global hyaluronic acid market.

Allergan plc, Zimmer bionet, Smith & Nephew Plc, Anika Therapeutics, Sanofi, Bausch & Lomb Inc, Evonic Industries AG F., Ferring B.V., Life Core Biomedical LLC, and Fidia Farmaceutici s.p.a among others.