MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on The Global Hyaluronic Acid Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
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Global Hyaluronic Acid Market Insights 2023-2028
The Global Hyaluronic Acid Market is anticipated to grow at a CAGR of around 8% during the forecast period, i.e., 2023-28.
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Top Players in the Hyaluronic Acid Market:
- Allergan Plc
- Anika Therapeutics Inc
- Sanofi
- Fidia Farmaceutici
- Seikagaku Corporation
- Virchow Biotech
- Contipro Corporation
- Kewpie Corporation
- Salix Pharmacueticals
- Galderma Laboratories L.P.
- Zimmer Biomet
- Smith & Nephew PLC
- HTL Biotechnology
- Bloomage Biotechnology Corporation Limited
- Hoffmann La Roche Ltd.
- Others
Segmentation Analysis of Hyaluronic Acid Market
Hyaluronic Acid Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023 to 2028, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
- By Application
- Aesthetics
- Osteoarthritis
- Pharmaceutical API
- Cosmetics
- Ophthalmology
- Others
Based on Application: Here, Osteoarthritis dominated the market with the largest share during the forecast period. It owes to the rapidly increasing cases of Osteoarthritis, a type of degenerative joint disease caused by wear & tear on the joints over time and the most common form of arthritis in adults, soaring the demand for Viscosupplementation treatment where medical professionals inject hyaluronic acid into the joint to relieve pain. Hyaluronic Acid got approval from the US Food & Drug Association (FDA) for the treatment of Osteoarthritis back in 1997, and since it is the most convenient in single-dosage and reduces the number of hospital visits, pain, & adverse effects, it has been gaining significant momentum.
Hence, in view of the rising number of patients with osteoporosis & rheumatoid arthritis, manufacturers are actively working on creating hyaluronic acid-based supplements & injectables, thereby driving the market.
- By End-User
- Pharmaceutical Industry
- Personal Care
- Others
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A Comprehensive Geographical Analysis:
By Region
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East and Africa
Of all regions globally, North America is projected to dominate the Hyaluronic Acid Market with the largest share during 2023-28.
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